Economy and commerce

Cambodia must boost the development of the domestic tourism, agriculture and small and medium enterprises (SMEs) to restore its economy  post-COVID-19, according to Ky Sereyvath, Director of China Study Center of RAC. ...

Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. ...

The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses  before the COVID-19 outbreak, is seeing economic activity gradually rebound after   Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease.​ ...

Construction investment projects in Phnom Penh were recorded at more than $1.3 billion from January to May, officials said yesterday. ...

The Kingdom’s non-garment industry is predicted to remain healthy next year, supported by the agriculture and services sector, according to the government’s national strategic budget plan 2021-2023. ...

Cambodia wants China to have a full fruit package deal in negotiations concerning sanitary and phytosanitary issues to export agricultural products to the Chinese market. ...

A rapid shift away from traditional energy sources and towards renewables is required to increase Cambodia’s appeal for manufacturing investment, as large multinationals seek destinations with affordable clean energy to meet legislated quotas.​ ...

The SME Co-Financing Scheme (SCFS) has received 13 applications with a total loan approval value of $2.338 million as of June 11, a senior executive officer of the SME Bank of Cambodia told Khmer Times. ...

South Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade, news hailed by local businessmen. ...

Renaissance Minerals (Cambodia) Ltd, a subsidiary of Australia-listed Emerald Resources NL, has reiterated that its first gold production will go as planned despite the impact of the COVID-19 pandemic. ...

Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...

Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday. ARDB director-general Kao Thach said applications for government loans have been growing rapidly since the government officially launched a $50 million fund in March. ...

Cambodian farmers have begun to collect salt flowers and now becoming a new product gaining popularity in the market both domestically and internationally with a considerable price. ...

The two-way trade between Cambodia and Thailand hit $3.1 billion in four months of this year, up 18.3 percent year-on-year, the Cambodian Embassy in Thailand said. ...

The trade volume between Cambodia and U.S. has reached $2.1 billion in the first four months of the year which goes up to 29.31 percent compared to the same period of 2019 which was shared by the U.S Trade Bureau. ...

The Ministry of Agriculture has pledged to achieve the goal of reducing poverty among small landholders despite the COVID-19 pandemic. The ministry is aiming to achieve this through the Agriculture Services Programme for Innovation, Resilience and Extension (ASPIRE) project Phase II by 2022. ...

Council for the Development of Cambodia (CDC) has given the green light to five new investment projects with a total investment capital of $65.6 million. According to the council’s press releases issued recently, the new projects approved are expected to create nearly 5,000 jobs for ...

The representative of the Cambodia Food Manufacture Association (CFMA) has requested a reduction in government red tape especially for the small and medium enterprises. ...

Cambodia’s coastal Preah Sihanouk province has attracted construction project investment valued at more than $7 billion over the last four years – most from Chinese nationals – the provincial administration said yesterday. ...

The World Bank had forecasted that Cambodia’s economy would shrink 1.0 percent this year before rebounding 6.0 percent next year which was released in Washington yesterday. ...

The Asian Development Bank has renewed the push for Cambodia and the Asian region to refocus its efforts away from the current “Ocean Economy” and towards a new, more sustainable “Blue Economy”, as yesterday marked World Oceans Day. ...

The Pig Support in Cambodia Association claims that the price of imported live pigs is abnormally high. The association says there are now six companies granted a business licence to import the animals from foreign countries. Most come from Thailand. ...

The National Bank of Cambodia (NBC) will host its seventh Annual Macroeconomic Conference under the theme “Discussion of Cambodia’s Economic Development Models” to gather input from academics, researchers, industry insiders and economists about how to structure the economy in a post-Covid-19 world. ...

State-owned port operator Sihanoukville Autonomous Port (PAS) has announced that it will disburse dividend payments totalling nearly $3 million to its shareholders on June 22. ...