Economy and commerce

According to a feasibility study revealed in a report published by Tyrepress Media, the tire-maker is interested in building a facility within Svay Rieng province’s QiLu (Cambodia) Special Economic Zone that is capable of making five million semi-steel radials a year. ...

Despite Cambodia’s increasing digital adoption, word of mouth recommendation (WOM) still holds the most weight when it comes to influencing purchasing decisions, according to a new report by research site Engagement Labs (EL). ...

Digital marketing skills for women can help bridge Cambodia’s digital gender divide and strengthen the Kingdom’s e-commerce sector, according to experts. ...

A group of environment lovers are launching a pilot project to use the leaves from areca trees in the production of bowls and plates. The use of the leaves to this purpose has advantages in bio-degradability and the potential reduction of the use of plastics ...

According to an Asian Development Bank (ADB) report, increasing job opportunities in decent work for women is essential for growth and vital for the advancement of economic and social development in Cambodia. ...

Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.  ...

Cambodia has opened its market to pork produced in Brazil, according to an announcement from Brazil’s Ministry of Agriculture, Livestock and Supply. ...

The Indian Embassy to Cambodia has stated it seeks to see increased imports of pepper and turmeric from Cambodia. This potential hike in bilateral trade with India was discussed at a meeting held March 9 between Indian Ambassador to Cambodia Dr Devyani Uttam Khobragade and ...

Czech-Cambodian firm EU Land and Pepper Investment Co Ltd has vowed to buy 50 per cent of all produce cultivated by its contracted smallholder growers this year to ramp up exports, with the European market in its sights. ...

Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) have improved as early talks witness an increasingly positive sentiment, according to Ministry of Commerce spokesman Seang Thay. ...

The private sector welcomed the Ministry of Posts and Telecommunications newest warning to unlicensed or otherwise non-legally-compliant telecoms operators as a necessary building block for sustainable growth in the industry. ...

A global shortage of containers and rising shipping rates during the Covid-19 outbreak has driven up production costs for the Kingdom’s mangoes and eroded their competitiveness on the international market, according to two leading producers-cum-exporters. ...

Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...

Financial institutions that are members of the Cambodia Microfinance Association (CMA) restructured some $1.397 billion in loans for 289,422 borrowers as of February 28 since the National Bank of Cambodia (NBC) on March 27 issued a circular on loan restructuring during Covid-19, according to CMA. ...

Two Bangkok-based business councils have demonstrated their commitment to join forces and ensure frictionless cross-border trade between Cambodia and Thailand amid tightened border controls imposed in the harsh times of the Covid-19 pandemic. ...

Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng ...

The battle for the hearts (and ears) of Cambodian audiophiles is heating up. During its inaugural week in the Cambodian market, music streaming app Spotify has already rocketed to the top of the nation’s download charts. ...

Data from the Ministry of Commerce showed Cambodia exported $1.086 billion of goods to China, a year-on-year increase of 8.1 percent.  Cambodia’s 2020 imports from China were valued at $7.031 billion, a contraction of 6.9 percent compared with 2019 figures. ...

The Ministry of Commerce has invited businesses that wish to export to China to join a three-day virtual and in-person expo set to be held in eastern China’s Shandong province from April 27-29. ...

Stock-listed utility Phnom Penh Water Supply Authority (PWSA) reported strong growth and solid overall business performance last year despite economic disruptions caused by the Covid-19 pandemic. ...

Phnom Penh Water Supply Authority (PPWSA), in its annual disclosure document released on Tuesday, reported a pre-tax profit of approximately $29.68 million for 2020. ...

A senior official at the State Secretariat of Civil Aviation (SSCA) said the construction of Dara Sakor International Airport in Koh Kong province is on schedule and plans are for flight operations to begin in mid-2021. ...

The government has welcomed Chevron (Cambodia) Ltd’s plan to nearly triple its network of Caltex petrol stations in the Kingdom to 100, according to a senior official at the Ministry of Mines and Energy on February 28. ...

The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...