Economy and commerce

When government-aligned Fresh News reported on Sunday that bilateral trade between the US and Cambodia had increased to $3.46 billion last year, up more than 8 percent from the year before, they weren’t using Cambodian government data. Nor was the state-run Agence Kampuchea Presse using government ...

With over 130 registered projects in banking, manufacturing, agriculture, service and infrastructure, among other sectors, Japanese investment in the kingdom was valued at $1.6 billion in 2017, according to the Council for the Development of Cambodia (CDC). ...

Taking place on the 21 and 22 on this month, the JTC meeting will focus on bilateral trade promotion. On the sidelines of the meeting, investors from both countries will participate in business matching events to enhance trade ties between the two countries.​ ...

Private-sector representatives in Cambodia are deeply concerned by the government’s inability to reduce the cost of doing business in the country, and they warn that the country would start to lose investors if the situation did not improve. At a logistics forum hosted by the European ...

Cambodian microfinance institution (MFI) Chamroeun Microfinance Plc is negotiating with Japanese firm Renet Japan Group to sell a 90 percent stake in the MFI to the Japanese used goods dealer, according to Nikkei Asian Review. ...

Private sector representatives are deeply concerned by the government’s inability to reduce the cost of doing business in the Kingdom, and they warned yesterday that the country would start to lose investors if the situation did not improve. ...

More than a month after businesses on a prime stretch of Occheuteal Beach were told to pack up and leave, officials in Preah Sihanouk province are still unaware of local conglomerate Royal Group’s plans for the space. Evictions on the beach began around Christmas time, ...

Singapore-based ride hailing app Grab has added motorbike taxis to its inventory in Phnom Penh, becoming the first app of its kind to offer the popular motodop service. ...

Co-working space Impact Hub, in collaboration with the United Nations Development Programme (UNDP), has launched a new Sustainable Development Goal Fellowship intended to assist entrepreneurs in cultivating innovative and sustainable projects. ...

Cambodia’s economic freedom score dropped seven ranks in the annual Economic Freedom Index released by the Heritage Foundation, a US-based, conservative-leaning think tank. The 0.8 point dip in the score from last year put Cambodia’s economy in the “Mostly Unfree” category, ranking 101 out of ...

Phnom Penh’s NagaWorld casino posted a massive increase in profits and revenue driven by strong growth in high-value guests last year, with the amount of money gambled by VIPs at the capital’s only casino exceeding Cambodia’s gross domestic product for 2016. ...

The value of logs and sawn wood exported from Cambodia to Vietnam last year increased by about $31.5 million compared to 2016, customs data has shown. The Vietnamese data, obtained by Khmer Times yesterday, said about 163,071 cubic metres of Cambodian logs were imported to the ...

A Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. ...

Bilateral trade between Cambodia and Vietnam last year increased nearly 30 percent to about $3.8 billion according to Vietnamese state-run media, while Cambodia has yet to report trade statistics for most of 2017.  ...

Credit Bureau Cambodia (CBC) yesterday released its report for the fourth quarter of 2017, which showed significant growth in applications for credit, particularly in the credit card and mortgage sectors. ...

Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead of US dollars, part of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead of using US dollars as an intermediary currency, was made by ...

Fourteen families in Koh Kong province’s Kiri Sakor district filed a court complaint today against 60 security guards employed by Union Development Group (UDG) for allegedly destroying their crops and small huts on land belonging to the development conglomerate.​ ...

Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. Of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...

Bilateral trade between Cambodia and Indonesia amounted to $492.7 million in the first 11 months of last year, a 23 percent increase compared to the same period in 2016, according to a report from an Indonesian state-run news agency. ...

After it graduated from least developed country status in July 2016, Cambodia’s economy has remained healthy with a GDP growth rate of 6.9 per cent in 2017. This was driven by the recovering tourism sector, the ongoing construction boom and the gradual emergence of non-textile ...

US-based convenience mart Circle K officially launched in Cambodia yesterday, with three outlets already operating in Phnom Penh and plans to open 40 more by the end of the year. ...

Aiming to inject momentum into their nascent debt markets, the Asian Development Bank (ADB) released yesterday bond market guides for Cambodia and Myanmar. ...

Prime Minister Hun Sen said yesterday that a 600-metre building would be constructed in Cambodia, though he did not mention specifics and similar projects proposed in the past have stalled before construction. ...

The draft of the new Law on the Chamber of Commerce is again being reviewed by the Cambodia Chamber of Commerce (CCC). Once the proposed changes to the draft are completed, the law will be sent to the Council of Ministers for further discussion and approval, ...