Economy and commerce

The National Bank of Cambodia (NBC) on Thursday slammed a report on predatory lending in the Kingdom by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), which was released on Wednesday, as “flawed”. The report, entitled Collateral Damage, claimed that increasing levels of ...

The government has predicted that Cambodia’s economic growth will decline to 6.5 per cent next year – down from 7.1 per cent this year – due to global challenges and the possible withdrawal of the EU’s “Everything But Arms” trade agreement. The prediction was made ...

A report from local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT) claimed that the increasing levels of debt caused by taking loans from microfinance institutions (MFIs) is forcing rural families to sell off land. The study also claimed that the sharp rise in debt ...

The Council for the Development of Cambodia (CDC) has urged relevant parties to increase efforts to attract more foreign investors to border areas. CDC secretary-general Sok Chenda Sophea said to achieve this, it is necessary to develop infrastructure there such as special economic zones (SEZ), ...

Cambodia Securities Exchange (CSX) listed Phnom Penh Water Supply Authority (PWSA) recorded a fall in net profit of more than 53 per cent year-on-year, according to an unaudited report released on the stock exchange. ...

Cambodia’s shipments to the world’s largest market grew by 30 percent from January to June, the data show. $2.24 billion worth of Cambodian goods were purchased by the US.   ...

The official website of the Cambodian Embassy in Japan reported that Cambodian Ambassador Ung Rachana hosted the opening ceremony for the Japan-Cambodia Culture and Business Council (JCBC) on Tuesday. ...

In an interview with the Nikkei Asian Review on July 31, Mogherini – who is also the Vice-President of the European Commission – was asked whether the EU’s possible sanctions would lead to reforms in Cambodia, to which she said the Kingdom “needed to respect ...

The government approved $5.2 billion worth of investment in the first half of 2019, a 48.5 percent hike compared to the corresponding period last year, with officials claiming the figure reflects investors’ growing confidence in the country. ...

Ministries, relevant institutions, National and Military Police, the Phnom Penh Municipality and provincial halls nationwide are to work with the Ministry of Agriculture, Forestry and Fisheries to halt the illegal import of pigs and pork products, he said. ...

Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...

Cambodia can meet its 100,000 tonne annual export target to Indonesia if more focus is placed on fragrant rice, exporters have said. In 2012, Cambodia signed a memorandum of understanding (MoU) to export 100,000 tonnes of rice to Indonesia annually, but the target was never ...

Informal businesses owned by Chinese nationals are on the rise in central Phnom Penh, especially in Tonle Bassac commune, surrounding Koh Pich. Such businesses have sprung up notably in Central Market, Orussey Market, Sovanna Shopping Mall, Rattana Plaza, as well as Kakab commune across from Phnom ...

The Garment Manufacturers Association in Cambodia (GMAC) has warned that increasing industrial action is harming the investment climate as the threat of the Kingdom losing access to the EU’s “Everything But Arms” (EBA) agreement looms. ...

Cambodia could soon become the next Asian country to reject the importation of rubbish from overseas, despite suggestions from the private sector that Cambodia could burn waste to produce electricity. According to The Guardian, China’s ban on foreign waste last year left developed nations struggling to ...

The Council of Ministers on Friday approved two draft laws, a national strategy bill for financial inclusion and four solar energy projects with a total expected installed capacity of 140 megawatts. The draft laws on consumer protection and e-commerce were among the instruments approved during ...

As African Swine Fever (ASF) ravages five Cambodian provinces, causing more than $600,000 in losses to local farmers, the Ministry of Agriculture, Forestry and Fisheries announced on Saturday it will now allow the sale of disease-free pigs from afflicted areas. A total of 3,211 pigs ...

Cambodia plans to export rice to African markets through South Korean companies, as its EU market share showed signs of drop in the first half of this year. In addition to the Chinese market, the Cambodia Rice Federation (CRF) expects exports to Africa to help ...

Cambodia is set to import about 50,000 tonnes of salt to supply domestic demand this year, as its production accounted for only 30 per cent, according to the Salt Producers Community of Kampot-Kep (SPCKK). This will be the second consecutive year of salt shortages and ...

Cambodia’s rice exports to the European Union fell sharply in the first half of the year following the imposition of tariffs, official data showed on Monday, but the loss was offset by increased sales to China. The EU in January imposed tariffs for three years ...

After Prime Minister Hun Sen returned from his July 3-5 visit to the World Trade Organisation (WTO) and the Office of the United Nations High Commissioner for Human Rights (OHCHR) in Switzerland, the Ministry of Foreign Affairs and International Cooperation described the meetings as “successful”. ...

Cambodia exported more rice to China than the EU for the first time during the first half of this year, a report from the Secretariat of One Window Service for Rice Export Formality said. The report shows that the Kingdom’s rice exports during the first ...

Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...

Prime Minister Hun Sen has renewed accusations of double standards by the European Union over the possible suspension of the Kingdom’s Everything-but-arms trade status during his visit to Geneva. Mr Hun Sen is attending a three-day meeting on Aid for Trade Global Review in Switzerland and ...