Economy and commerce

The Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. ...

The Council of Ministers, or Cabinet, on July 9 approved the Draft Law on Investment, following a plenary session chaired by Prime Minister Hun Sen via a Zoom call. ...

The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...

The draft of the new investment law was approved by the Council of Ministers at a Friday morning meeting held under the presidency of Prime Minister Hun Sen via video conference. ...

Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same ...

The government is planning to discuss a new law to stimulate investment in the country. The Office of the Council of Ministers will hold a virtual meeting on Friday to review the draft law, following the approval of Mr Hun Sen. The prime minister will ...

Leaders in the region and beyond must advance various forms of bilateral and multilateral cooperative relations, and join hands to create meaningful traction in economic recoveries for when the spread of the novel coronavirus eases to a significant enough degree, according to Prime Minister Hun ...

The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year. This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June ...

Cambodian exports to China were valued at $558 million Jan-May, up over 56 percent year on year against the same period. The increase was driven by rising Chinese demand for Cambodian agricultural products. ...

Cambodia exported 132,174 tonnes of natural rubber worth $221.67 million in the first half of this year, up by 7.18 per cent and 38.12 per cent year-on-year in volume and value, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Cambodia exported 4,454,505.33 tonnes of agricultural products in the first half of this year, surging by 84.64 per cent year-on-year, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon on June 30.​ ...

The Collective Investment Scheme or CIS – an important source of financing for large development projects – is relatively new in Cambodia ...

The government, with support from development partners, on June 28 launched the National Circular Economy Strategy and Action Plan, as well as an affiliated platform to engage the private sector in the Kingdom’s transition towards a circular economy. ...

Seven financial institutions (FI) on June 29 signed a credit guarantee agreement with government-owned Credit Guarantee Corporation of Cambodia (CGCC) to provide more business loans in an effort to contribute to economic activities amid the ongoing Covid-19 health crisis. ...

Cambodia’s economy remains strong despite the Feb. 20 community outbreak of COVID-19 and the lockdown of Phnom Penh capital and Takhmao town of Kandal province in April. ...

Bilateral trade between Cambodia and South Korea reached $377 million for the first five months of 2021.  This represents a 6.2 percent increase compared to the same period last year.   ...

Shipments of goods from Japan to Cambodia jumped by more than one third in the first four months of the year as stimulus spending and higher demand increased calls for foreign goods. ...

The National Assembly yesterday approved the Regional Comprehensive Economic Partnership (RCEP), prepping the stage for the agreement to come into effect by early next year. ...

More than 6,000 businesses with over $2.6 billion in capital have been registered with the government’s online Business Registration Platform in just one year since its launch, according to the Ministry of Economy and Finance. ...

Cambodia has lifted a ban on the import of frozen meats and other frozen items classified as “high-risk” originating from India, amid recent improvements in the South Asian country’s epidemiological situation and as all samples of frozen meat imports have tested negative for the novel ...

Cambodia generates from $3.5 to 4 million a year from the exports of fresh cassava and cassava starch and chips, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ​​ ...

Cambodia has launched its new 14-year plan on digital policy, saying the sector is a new model of economic growth, which can respond and keep pace with rapid changes in the economy as it recovers from the financial dip caused by the Coronavirus pandemic.​ ...

The Kingdom has officially announced the implementation of its “Digital Economy and Social Policy Framework of Cambodia 2021-2035” policy. It identifies the digital sector as a new model of economic growth responsive and resilient to changes in economic structure, development and international trade. ...

Cambodia received $1.2 billion in remittances from migrant workers abroad last year, marking a sharp 17 per cent drop from $1.5 billion in 2019, the National Bank of Cambodia reported. ...