Economy and commerce

Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...

The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...

​ធនាគារអភិវឌ្ឍន៍អាស៊ី​ADB​ នៅ​ថ្ងៃ​ពុធ​នេះ​ បាន​ព្យាករ​សន្ទុះ​សេដ្ឋកិច្ច​កម្ពុជា​ថា​នឹង​កើន​ក្នុង​អត្រា​៤%​ក្នុង​ឆ្នាំ​២០២១​ តែ​បាន​ក្រើនរំឭក​ថា​កំណើន​ជាក់ស្ដែង​ក៏​អាស្រ័យ​ផង​ដែរ​លើ​ស្ថានភាព​ផ្ទុះ​ឆ្លង​កូ​វី​ដ​១៩​ក្នុង​សហគមន៍​ ដែល​កំពុង​គំរាម​ទាំង​ជីវិត​និង​សេដ្ឋកិច្ច​។​ ​ ...

A 200MW solar project backed by a $200 million investment from two large companies will be built in Aoral Eco-City, a joint statement said on April 26. ...

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA) on April 23 informed the public that business operations in the industry are continuing as normal nationwide although some areas in the provinces and capital have been placed in lockdown to curb ...

Cross-border trade between Cambodia and Thailand remains busy as usual despite ongoing lockdowns in parts of both countries to combat the spread of Covid19 in their respective communities, according to senior provincial officials. ...

Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission. ...

Bowed but unbeaten, the spritely Cambodia Securities Exchange (CSX) is churning away under lockdowns that have affected nearly every aspect of the Kingdom’s economy. ...

THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...

In response to increased demand during lockdown, Smile Shop, a local e-shop, is offering new users a $10 discount on their first purchase for orders of $25 or more. They ensure deliveries are made between two and 12 hours post ordering in Phnom Penh. ...

Cambodia’s digital retail ecosystem was ranked first in Asia and second globally in the PricewaterhouseCooper (PwC) inaugural Central Bank Digital Currency (CBDC) Global Index. ...

Garment Manufacturers Association in Cambodia (GMAC) on April 19 urged buyers and stakeholders not to penalise its members for failing to honour pre-agreed delivery commitments during the ongoing lockdown measures imposed by the government. ...

The Ministry of Commerce on April 20 dispatched five trucks to seven “Red Zones” to sell food products and groceries at below-market prices during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takmao town in Kandal province, according to undersecretary of state Pen ...

With authorities tightening security to prevent community transmission in Phnom Penh and Kandal province’s Takhmao town, e-commerce activity, cashless payments and delivery services have logged a notable rise, swiftly becoming new features of the digital world in Cambodia. ...

The Cambodian Aquaculturist Association (CAA) on April 19 called on relevant authorities and institutions to enforce compliance with fish-import regulations and facilitate transport for distributors to ensure an adequate market supply of fish to reverse a recent price jump. ...

The Ministry of Commerce urged producers and exporters to continue applying for certificates of origin (CO) despite transport and logistics issues stemming from the ongoing lockdown in Phnom Penh and Takhmao town. ...

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Small businesses raising questions about the process of applying for a loan through the newly formed Credit Guarantee Corporation of Cambodia (CGCC)’s Business Recovery Guarantee Scheme (BRGS), has prompted CGCC’s chief executive officer Mr. Wong Keet Loong to provide an overview of how the scheme ...

Cambodia booked just $1.023 billion in international tourism revenue last year, representing a 79.4 percent nosedive from $4.919 billion in 2019 due to the sweeping effects of the global Covid-19 pandemic, the Ministry of Tourism reported on April 19. ...

Locally-listed Phnom Penh Autonomous Port (PPAP) reported $7,770,742 in revenue for the first quarter of 2021, up 2.19 percent over the $7,603,877 posted in the corresponding period last year. ...

The once omnipresent advertisements peppered throughout YouTube videos have disappeared for viewers in Cambodia, allowing domestic viewers to watch any video hosted on the site ad-free, regardless of its length or its country of origin. ...

Allegations that GoldFX Co Ltd (GFX) board members embezzled what is now understood to be $27 million took a twist as financial houses said they had no relationship with the derivatives company. ...

A number of Cambodia Rice Federation (CRF) member companies have reduced retail prices of milled rice by 10,000-20,000 riel ($2.50-5) per 50kg sack to participate in government efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town ...

The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus. ...