Economy and commerce
Kingdom-Japan trade slips 8% in 2020
Bilateral trade between Cambodia and Japan was worth $2.09957 billion last year, down 8.45 per cent from 2019, data from Japan External Trade Organisation (JETRO) show. ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-japan-trade-slips-8-2020
Cash-crop exports 200K tonnes in January
Cambodia exported 203,485 tonnes of seven major cash crops last month, according to a report by the Ministry of Agriculture, Forestry and Fisheries. The ministry lists these as milled rice, natural rubber, corn, cashew nuts, peppercorn, as well as fresh bananas, chillies and mangoes. ...
Thou Vireak
https://www.phnompenhpost.com/business/cash-crop-exports-200k-tonnes-january
Cambodia, U.S. reaffirm commitment to continue close cooperation
Cambodia and the United States of America have confirmed their commitment to continue strengthening their bilateral cooperation, especially in the field of trade. ...
Khmer Times Staff
https://www.khmertimeskh.com/50815354/cambodia-u-s-reaffirm-commitment-to-continue-close-cooperation/
Three bond-listed companies post solid Q4 recovery
Three cooperate-bond-listed firms on February 15 reported solid business-performance recovery in the fourth quarter of last year resulting from proactive government measures that kept economic activities afloat despite the spread of the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/three-bond-listed-companies-post-solid-q4-recovery
Cambodia to make auto-rickshaws
Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-make-auto-rickshaws
Two listed firms post sound 2020 business
Two companies listed on the Cambodia Securities Exchange (CSX) reported sound business performance last year despite economic duress caused by the Covid-19 pandemic’s enduring stranglehold on regional and global economies. ...
May Kunmakara
https://www.phnompenhpost.com/business/two-listed-firms-post-sound-2020-business
FedEx set for mid-2021 debut in Kingdom
US-listed international mixed-carrier FedEx Corp plans to launch air freight services to Cambodia by mid-2021, according to State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. ...
Thou Vireak
https://www.phnompenhpost.com/business/fedex-set-mid-2021-debut-kingdom
ABA reports strong Q4 earnings
Advanced Bank of Asia Limited (ABA Bank) reported a pre-tax profit increase of 19.12 percent to $50.2 million in its quarterly report released yesterday. ...
Husain Haider
https://www.khmertimeskh.com/50814559/aba-reports-strong-q4-earnings/
CDC okays 144 Japan projects worth $2.79B since ‘94 debut
The Council for the Development of Cambodia (CDC) has approved a cumulative 144 Japanese investment projects worth $2.79 billion since its inception in 1994, 66 of which are in special economic zones (SEZ) with $340 million in capital investment, it said in a press release. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-144-japan-projects-worth-279b-94-debut
Rental sector businesses share positive outlook for market in 2021
Despite the mass exodus of expats and foreigners causing a blip in Cambodia’s otherwise strong rental sector, realty businesses are forecasting a positive bounce back in 2021. ...
Tom Starkey
https://www.khmertimeskh.com/50814018/rental-sector-businesses-share-positive-outlook-for-market-in-2021/
SHE launches new tools for women-led businesses
SHE Investments, a social enterprise supporting women entrepreneurs, has announced the official launch of its Digital Resource Centre (DRC) and Kotra Riel app. The event was held to celebrate both the concurrent launches and the achievements of women in the work world and their importance ...
Sok Chan
https://www.khmertimeskh.com/50814158/she-launches-new-tools-for-women-led-businesses/
Cambodia, UK discuss sustainable investment opportunity in Cambodia
Cambodia and the United Kingdom (UK) have convened a meeting to discuss a sustainable investment opportunity in Cambodia. The meeting took place through a video conference under the presidency of Sok Chenda Sophea, Minister Attached to Prime Minister and Secretary General of the Council for ...
Lim Nary /AKP
https://www.khmertimeskh.com/50813485/cambodia-uk-discuss-sustainable-investment-opportunity-in-cambodia/
Spending crunch for Lunar New Year 2021
With Covid-19 cutting into Cambodians’ incomes and transforming consumer behaviour, the Kingdom is expected to see a Lunar New Year spending slump this year. ...
Thou Vireak
https://www.phnompenhpost.com/business/spending-crunch-lunar-new-year-2021
Trade with ASEAN up 22% in 2020, hits $11.3B
The value of trade exchange between Cambodia and other ASEAN member states dramatically skyrocketed last year, hitting $11.330 billion even with flight and border restrictions in full force amid the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-asean-22-2020-hits-113b
Amru celebrates 10th anniversary
Over the last decade since the government established a rice promotion policy in 2010, locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd has become one of the game changers in driving milled-rice exports and transforming the Kingdom into a key rice exporter in ...
May Kunmakara
https://www.phnompenhpost.com/business/amru-celebrates-10th-anniversary
Trade with EAEU surges 18%
Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s $56.98 million, according to data from the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-eaeu-surges-18
Vehicle import duty cuts proposed
Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...
Thou Vireak
https://www.phnompenhpost.com/business/vehicle-import-duty-cuts-proposed
CDC approved 238 investment projects worth $8.2B last year
The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approved-238-investment-projects-worth-82b-last-year
EDF 2021 strategic framework approved at board meeting
The eighth Entrepreneurship Development Fund (EDF) Board of Directors Meeting yesterday reviewed and approved its medium-term strategic framework and annual work plan and budget for 2021. ...
Sok Chan
https://www.khmertimeskh.com/50813028/edf-2021-strategic-framework-approved-at-board-meeting/
Leveraging digital technologies key to Asia’s COVID-19 recovery – ADB
Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...
Khmer Times Staff
https://www.khmertimeskh.com/50812909/leveraging-digital-technologies-key-to-asias-covid-19-recovery-adb/
Delayed new casino confirms opening target
Century Entertainment has confirmed the opening target and relocation of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment. ...
Khmer Times Staff
https://www.khmertimeskh.com/50812067/delayed-new-casino-confirms-opening-target/
Kingdom is bolstering its logistics in anticipation of string of FTAs
With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet checkpoints. ...
Husain Haider
https://www.khmertimeskh.com/50811861/kingdom-is-bolstering-its-logistics-in-anticipation-of-string-of-ftas/
Cambodia Post Bank authorised to collect taxes
Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...
Post Staff
https://www.phnompenhpost.com/business/cambodia-post-bank-authorised-collect-taxes
Skyrocketing shipping costs threaten exports
The Kingdom’s exporters have expressed deepening concerns about spiraling shipping costs, which could diminish this year’s trade figures if prolonged. ...
Hin Pisei
https://www.phnompenhpost.com/business/skyrocketing-shipping-costs-threaten-exports