Economy and commerce

Minister of Environment Say Samal on March 13 encouraged the garment and other textile-related industries to step up clean-energy and green efforts to better position the Kingdom to meet key government greenhouse gas (GHG) mitigation commitments, as a prominent EU-backed programme registers a record-breaking 50th ...

Cambodia sees a fall in exports in the first two months of 2023, down 8.6 percent compared to the same period last year. It is, however, not a worrying sign, the Commerce Ministry said. ...

Kampong Speu provincial governor Vei Samnang has pledged to attract more investment to his province. Samnang announced that he would lead a provincial delegation to Hong Kong later this month to discuss business opportunities in the Kampong Speu. ...

Cambodia’s public debt is still evaluated as controllable with a low risk of distress despite the country’s economy having been impacted by the Covid-19 pandemic and other external factors. ...

By 2030, Sihanoukville Autonomous Port (PAS) will be able to ship goods directly without any transit to the US and European Union (EU) markets, said Sun Chanthol, Minister of Public Works and Transports (MPWT) yesterday. ...

The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...

The Kingdom of Cambodia and the Lao People’s Democratic Republic (Lao PDR) will boost their bilateral cooperation in tourism sector. ...

Cambodia views 2023 as a pivotal year for attracting more foreign tourists. After the devastating impacts of the Covid-19 outbreak, the year should considerably assist Cambodia in overcoming the crisis that has enveloped the tourism sector, which is regarded one of the four pillars on ...

Cambodia has emerged as the second-largest partner of the South Korean government’s Economic Development Cooperation Fund (EDCF) initiatives over the years, it was revealed at an evaluation workshop of the programme recently in Phnom Penh. ...

Kampong Chhnang Multi-Purpose Port and Logistics Centre will spend more than $300 million to promote the transportation of Cambodian products to local and international markets. ...

Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...

Cambodian goods exports to Vietnam amounted to $491.180 million in the first two months of 2023 – surging by 36.12 per cent over the same time last year – accounting for 45.28 per cent of bilateral trade, jumping up by 7.30 percentage points year-on-year, according ...

International tourism receipts clocked in at $1.415 billion last year, marking a 7.690-fold increase over $184 million in 2021, albeit still a 71.2 per cent decrease from 2019’s record $4.919 billion, according to the Ministry of Tourism’s Tourism Indicators 2022 report. ...

In the first two months of 2023, Cambodia exported nearly 100,000 tonnes of milled rice worth $72.67 million to 38 markets through 40 milled rice export companies, according to a report from the Cambodia Rice Federation (CRF). ...

Micro, small and medium-sized enterprises (MSMEs) constitute the backbone of Cambodia’s economy and account for 99.8 percent of its businesses. ...

Locally-owned KLP.T Transportation Co Ltd’s new multi-purpose port and logistics centre just east of Kampong Chhnang town is expected to provide a substantial boost to Cambodian freight movement, particularly of agricultural products from the provinces bordering Tonle Sap Lake to international markets. ...

The General Department of Trade Promotion at the Ministry of Commerce has cooperated with PTT Cambodia Ltd on a project to boost Khmer product sales at PTT gas stations in the capital and 15 provinces after the project was successfully implemented in 2022. ...

UNICEF and the NGO Save the Children jointly hosted a forum in Phnom Penh marking the 10th anniversary of the global launch of the “Children’s Rights and Business Principles”. These principles offer guidelines for businesses as they embed children’s rights into their business strategies and ...

South Korean-owned SPHP (Cambodia) Co Ltd’s under-construction $231 million, 80 megawatt (MW) Stung Pursat I hydropower dam is scheduled to be commissioned and operational in 2026, according to Pursat provincial governor Khoy Rida. ...

Phnom Penh has a total of more than 6,000 factories and small and medium enterprises that directly employ more than 510,000 workers, a Phnom Penh Capital Hall’s report showed yesterday. ...

A container freight station built with aid from Japan was inaugurated recently at Cambodia’s Sihanoukville Port Special Economic Zone (SPSEZ). ...

Lay Mengleang, a mango slicer at the Zhong Bao (Cambodia) Food Science & Technology Co., Ltd. here enjoyed a better pay after the factory has received a significant rise in purchase orders from China. ...

The construction of $230 million Stung Pursat hydropower I dam with a capacity of 80 megawatt is set to break ground soon, after the ground preparation at the construction site has been made since last year. ...

Cambodia’s apparel exports to Japan have continued to grow for the second consecutive year in 2022, despite a dip in shipments in 2020 due to the COVID-19 pandemic. In 2022, the shipment increased to $1,201.698 million after a recovery in 2021. Notably, the exports recorded ...