Economy and commerce
Cambodia’s international trade declines 14.1%
Cambodia’s international trade stood at $15.16 billion for January to April this year, a decline of 14.1 percent, compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. ...
Manoj Mathew
https://www.khmertimeskh.com/501288366/cambodias-international-trade-declines-14-1/
Indonesia’s Jokowi wants country to take part in Cambodia’s infrastructure projects
Indonesian President Joko Jokowi Widodo shared the country’s desire to be involved in infrastructure development projects in Cambodia as a form of commitment to expand economic ties between the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501288541/indonesias-jokowi-wants-country-to-take-part-in-cambodias-infrastructure-projects/
UN, EU supporting SMEs involved in fisheries in Cambodia via Capfish-Capture program
Capfish-Capture, a project organized by the UN Industrial Development Organization (UNIDO), is giving technical and financial support to small and medium-sized enterprises (SMEs) in Cambodia’s fishing industry to promote compliance with international food safety standards, allow SMEs to upgrade their machinery, connect SMEs with microfinance ...
Khmer Times Staff
https://www.khmertimeskh.com/501287791/un-eu-supporting-smes-involved-in-fisheries-in-cambodia-via-capfish-capture-program/
Cambodian scholar says China’s BRI key contributor to global economic growth in post-pandemic era
China-proposed Belt and Road Initiative (BRI) has become a key contributor to global economic growth and poverty reduction in the post-COVID-19 pandemic era, a Cambodian scholar said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501285739/cambodian-scholar-says-chinas-bri-key-contributor-to-global-economic-growth-in-post-pandemic-era/
Chinese firm wins deal to build 3rd largest port in Cambodia
China Harbour Engineering Company Ltd. (CHEC) on Friday secured a contract from a Cambodian firm to construct a multi-purpose seaport in southwestern Cambodia’s Kampot province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501285273/chinese-firm-wins-deal-to-build-3rd-largest-port-in-cambodia/
GDT brings in $20.9M of e-commerce VAT over Q1
The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-brings-209m-e-commerce-vat-over-q1
Koh Kong’s first int’l seaport set for launch
Koh Kong province’s first international seaport, invested in and developed by Koh Kong Port Management Co Ltd, is scheduled to launch in the second half of the year, as a number of linked infrastructure works reach completion, according to provincial governor Mithona Phoutong. ...
Hin Pisei
https://www.phnompenhpost.com/business/koh-kongs-first-intl-seaport-set-launch
GDT, banks vow to step up tax payment efficiency
The finance ministry has to-date signed memorandums of understanding (MoU) with 10 banks to process tax-related payments to the General Department of Taxation (GDT), one of its subordinate units. ...
Van Socheata
https://www.phnompenhpost.com/business/gdt-banks-vow-step-tax-payment-efficiency
Construction contract inked for $1.5B Kampot port
Kampot Logistics and Port Co Ltd (KLP) on May 5 signed a construction contract with Chinese state-backed China Harbour Engineering Co Ltd (CHEC) for a $1.5 billion multi-purpose port in Kampot province’s Bokor town. ...
Post Staffs
https://www.phnompenhpost.com/national/construction-contract-inked-15b-kampot-port
Commercial court one step closer, official says
The Ministry of Justice and the Asian Development Bank (ADB) have advanced discussions to establish a commercial court, a first for the Kingdom. The ADB will provide technical assistance, said a senior ministry official. Ministry secretary of state Chiv Songhak chaired a meeting last week ...
Post Staffs
https://www.phnompenhpost.com/national/commercial-court-one-step-closer-official-says
Q1 Canada trade dips 22% despite March rebound
The merchandise trade volume between Cambodia and Canada reached $192.720 million in the first quarter of 2023, making the world’s ninth largest economy the Kingdom’s 10th biggest trading partner for the three-month period, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/q1-canada-trade-dips-22-despite-march-rebound
Cambodia finalises plans for 150 infrastructure projects
Cambodia is currently in the process of finalising the Comprehensive Intermodal Transport Master Plan 2022-2030 (CIT-MP), which includes plans for 150 hard and soft infrastructure development projects and requires an investment of $30 billion, according to Minister of Public Works and Transport Sun Chanthol. ...
Post Staff
https://www.phnompenhpost.com/national/cambodia-finalises-plans-150-infrastructure-projects
Bilateral trade between Cambodia and Japan worth $1.948 billion in 2022
The figure was revealed by Prime Minister Hun Sen when presiding over the groundbreaking ceremony for the construction of container terminal of Sihanoukville Autonomous Port (PAS), and the celebrations of the 70th Anniversary of Cambodia. -Japan Diplomatic Relations (1953-2023), and the 137th anniversary of International ...
Khmer Times Staff
https://www.khmertimeskh.com/501282910/bilateral-trade-between-cambodia-and-japan-worth-1-948-billion-in-2022/
MoU provides MSMEs with easier access to finance
Cambodia Chamber of Commerce (CCC) and Credit Guarantee Corporation of Cambodia (CGCC) has signed an agreement to increase access to guaranteed loans for the growth of micro-, small-, and medium-enterprises (MSMEs) in Cambodia. ...
Stung Treng seeks investors for cashew development
In future, Stung Treng province will attract investment in large factories and manufacturing enterprises that will process agricultural raw materials into value-added processed products, particularly cashew nuts, which have been recognised for their commercial potential, officials said. ...
Sem Pisey
https://www.phnompenhpost.com/business/stung-treng-seeks-investors-cashew-development
PM Hun Sen asks JCA to encourage more Japanese investors to Cambodia
Cambodian Prime Minister Hun Sen has asked the Japan-Cambodia Association (JCA) to help encourage more Japanese investors to invest in Cambodia and boost the export of Cambodian products to Japan. ...
Khmer Times Staff
https://www.khmertimeskh.com/501280383/pm-hun-sen-asks-jca-to-encourage-more-japanese-investors-to-cambodia/
MEF, ABA Bank partner to develop digital economy and fintech
The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech
Cambodia, UAE conclude comprehensive economic partnership agreement
The UAE and the Kingdom of Cambodia have finalised the terms of a comprehensive economic partnership agreement (CEPA), paving the way for a new era of trade and investment cooperation between the two nations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501280969/cambodia-uae-conclude-comprehensive-economic-partnership-agreement/
ADB urges green investment ramp up
Although a multitude of risks grey Cambodia’s outlook this year, gross domestic product (GDP) growth is forecast a tad higher at 5.5 percent from an estimated 5.2 percent in 2022, according to the Asian Development Bank (ADB) earlier this month. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-adb-urges-green-investment-ramp-up
Debt ratio below most ASEAN states: IMF
Cambodia’s general government gross debt (GGGD) is projected to reach 37.5 per cent of GDP (gross domestic product) in 2023 – up from 36.5 per cent in 2022 – which, although marking the highest rate since 42.7 per cent in 2004, is lower than that ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ratio-below-most-asean-states-imf
S Treng seeks investors for cashew development
In future, Stung Treng province will attract investment in large factories and manufacturing enterprises that will process agricultural raw materials into value-added processed products, particularly cashew nuts, which have been recognised for their commercial potential, officials said. ...
Post Staff
https://www.phnompenhpost.com/national/s-treng-seeks-investors-cashew-development
Cambodia to attract approximately 4 million international tourists this year
Cambodia is expected to attract 4 million international tourists in 2023, including 1million Chinese tourists. ...
Khmer Times Staff
https://www.khmertimeskh.com/501279643/cambodia-to-attract-approximately-4-million-international-tourists-this-year/
Cambodia’s milled rice export up 3.5 pct in Q1
Cambodia exported 176,581 tons of milled rice in the first quarter (Q1) of 2023, up 3.5 percent from 170,539 tons in the same period last year, the Cambodia Rice Federation (CRF) said in a report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501279579/cambodias-milled-rice-export-up-3-5-pct-in-q1/
Cambodia approves $10 mn investment projects, creating almost 3,000 jobs
Two new investment projects worth over $10 million have been approved by the Council for the Development of Cambodia (CDC). The investment projects involve establishing a garment factory and a packaging factory, creating over 2,900 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501279587/cambodia-approves-10-mn-investment-projects-creating-almost-3000-jobs/