Economy and commerce
Pig imports fall to 15 percent of demand as more turn to farming
Cambodia is importing less pork as local farmers breed more pigs in order to take advantage of stable and higher prices for the commodity. ...
Michael Firn
https://www.khmertimeskh.com/50897550/pig-imports-fall-to-15-percent-of-demand-as-more-turn-to-farming/
US top Cambodian export destination Jan-June
The US market topped export destinations for Cambodian products during the first six months of 2021 as the two countries confirmed their commitment to continue strengthening bilateral cooperation, especially in the field of trade. ...
Chea Vanyuth
https://www.khmertimeskh.com/50897620/us-top-cambodian-export-destination-jan-june/
Cambodia supports sustainable agriculture production
Cambodia has voiced support for regional efforts towards more effective and competitive agriculture production while sustaining the environment as discussed at a regional conference yesterday. ...
Yin Soeum
https://www.khmertimeskh.com/50897347/cambodia-supports-sustainable-agriculture-production/
Cambodian exports reach $8 billion Jan-June
Cambodia exported $8.201 billion in the first six months of 2021, a 17 percent increase compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/50896757/cambodian-exports-reach-8-billion-jan-june/
Kingdom’s development funding trending to domestic financing
Cambodia is fronting more money for its own development financing according to a new report from the United Nations Development Programme (UNDP). ...
Michael Firn
https://www.khmertimeskh.com/50896696/kingdoms-development-funding-trending-to-domestic-financing/
Non-textile industrial exports up 50%
Cambodia earned $1.8997 billion from the export of non-textile-based industrial products in the first half of this year, an increase of 49.9 per cent from $1.2672 billion in the same period of 2020, the General Department of Customs and Excise of Cambodia (GDCE) reported. ...
Hin Pisei
https://phnompenhpost.com/business/non-textile-industrial-exports-50
China tops list of investors in H1
China was ranked first in terms of foreign direct investment (FDI) equity inflows to Cambodia in the first half of this year, at about $2 billion, according to the Chinese ambassador. ...
Thou Vireak
https://phnompenhpost.com/business/china-tops-list-investors-h1
Officials meet with their EU counterparts to talk recovery
Senior government officials and European counterparts met last Friday to discuss Cambodia’s economic plan. New trade policies to help the Kingdom recover from the pandemic were the focus of the conversation as well as the World Trade Organization’s role in shaping the post-pandemic recovery. ...
Husain Haider
https://www.khmertimeskh.com/50896690/officials-meet-with-their-eu-counterparts-to-talk-recovery/
Training to hone workforce’s skill
For the Cambodian workforce to emerge stronger amidst the ongoing Covid-19 crisis, UNESCO has called for accelerated investments in the lifelong learning efforts to enable them to “skill, re-skill, and up-skill” to maintain the Kingdom’s impressive economic growth. ...
Sar Socheath
https://www.khmertimeskh.com/50896638/training-to-hone-workforces-skill/
Customs logs nearly $1.16B in first half 2021
The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) collected $1.1595 billion in revenue in the first half of 2021, down 8.9 percent year-on-year. ...
Thou Vireak
https://phnompenhpost.com/business/customs-logs-nearly-116b-first-half-2021
COVID-19 leads to $3.6 billion financing flow losses for Cambodia last year
COVID-19 has led to financing flow losses of $3.6 billion for Cambodia, accounting for 19.8 percent of the country’s total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/50895602/covid-19-leads-to-3-6-billion-financing-flow-losses-for-cambodia-last-year/
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
Korea trade surges 6.2% in Jan-May
Bilateral trade between Cambodia and South Korea in the first five months of 2021 was worth $377.05 million, up by 6.17 per cent year-on-year from $355.11 million, according to data from the Korea International Trade Association (Kita). ...
Hin Pisei
https://phnompenhpost.com/business/korea-trade-surges-62-jan-may
CBC, Thai Subcon collaborate to promote business and investment
Bangkok-based Cambodian Business Council (CBC) and Thai Subcontracting Promotion Association (Thai Subcon) have agreed to work together to promote the private sector cooperation between Cambodia and Thailand. ...
Khmer Times Staff
https://www.khmertimeskh.com/50894001/cbc-thai-subcon-collaborate-to-promote-business-and-investment/
Garment exports from SEZs valued at $357 million over first semester
Cambodia exported $357.8 million worth of garments, textiles, shoes and travel goods in the first six months of 2021, inching up 1.4 percent compared with the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50894153/garment-exports-from-sezs-valued-at-357-million-over-first-semester/
Cambodia, India discuss agricultural cooperation
Minister of Agriculture, Forestry and Fisheries and Indian Ambassador to Cambodia have discussed agricultural cooperation between Cambodia and India. ...
Khmer Times Staff
https://www.khmertimeskh.com/50893981/cambodia-india-discuss-agricultural-cooperation/
Single Portal’s Phase II in August
The Ministry of Economy and Finance is set to deploy Phase II of its Businesses Registration Platform, also known as the “Single Portal”, next month, following more than a year of smashing success since its debut ...
Thou Vireak
https://www.phnompenhpost.com/business/single-portals-phase-ii-august
Transport firms ‘face bankruptcy if pandemic worsens’
The Sihanoukville Autonomous Port saw revenue rise 14 percent in the first half of the year from the same period in 2020, to more than $44 million. ...
Michael Firn
https://www.khmertimeskh.com/50893244/transport-firms-face-bankruptcy-if-pandemic-worsens/
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
Covid rattles Phnom Penh’s retail landscape through H1
The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020, according ...
Hin Pisei
https://www.phnompenhpost.com/post-property/covid-rattles-phnom-penhs-retail-landscape-through-h1
World’s largest secure logistics firm enters Cambodian market
WorldBridge Secure Logistics (WSL) has rebranded as Brink’s WorldBridge Secure Logistics (BWSL) with the full fledged entry into Cambodia of Brink’s, the world’s largest secure logistics company. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50891936/worlds-largest-secure-logistics-firm-enters-cambodian-market/
Cambodia’s new investment law becomes more attractive and considerate for investors
The Draft Law on Investment of the Kingdom of Cambodia was approved by the Royal Government in the Plenary Meeting of the Council of Ministers chaired by Prime Minister Hun Sen. ...
Khmer Times Staff
https://www.khmertimeskh.com/50891114/cambodias-new-investment-law-becomes-more-attractive-and-considerate-for-investors/
SSEZ handles $994M in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) neared the $1 billion mark in the first half of this year, despite a spiralling third wave of coronavirus infections, dubbed the “February 20 community event”. ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-handles-994m-goods
Full ratification of free trade deal with China is now expected early next year
The free trade agreement (FTA) between Cambodia and China is likely to come into force next year, after winning unanimous support from the National Assembly’s expert committee. The Ministry of Commerce will now submit a draft law to the National Assembly for approval. ...
Michael Firn
https://www.khmertimeskh.com/50891934/full-ratification-of-free-trade-deal-with-china-is-now-expected-early-next-year/