News
Exports inch up in spite of international trade falling from Jan-Aug
Trade between Cambodia and international partners in the first eight months of 2023 amounted to nearly $32 billion, down 14.5 per cent compared to $37.4 billion in the same period in 2022, although the General Department of Customs and Excise of Cambodia (GDCE) contended that ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-inch-spite-international-trade-falling-jan-aug
Cambodia, Philippines agree on private sector growth strategy
The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-philippines-agree-private-sector-growth-strategy
Kingdom seeks to boost foreign investment
Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN. Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...
Van Socheata
https://phnompenhpost.com/national/kingdom-seeks-boost-foreign-investment
Indonesian Embassy in Phnom Penh explores agricultural cooperation with Battambang province
The Indonesian Chargé d’affaires in Phnom Penh Lauti Nia Astri and the Economic Section have visited Battambang Province to collect economic intelligence data and explore opportunities and economic cooperation, especially in food security. ...
Khmer Times Staff
https://www.khmertimeskh.com/501353280/indonesian-embassy-in-phnom-penh-explores-agricultural-cooperation-with-battambang-province/
Credai women entrepreneurs to visit Cambodia for fostering collaborations
Eight women entrepreneurs from Confederation of Real Estate Developers Association of India (Credai), Chennai, will be part of a women’s delegation to Cambodia to foster collaborations with various business bodies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501347769/credai-women-entrepreneurs-to-visit-cambodia-for-fostering-collaborations/
Australia backs Cambodia’s Private Sector Forum
Australia has expressed its support for Cambodia’s Government-Private Sector Forum (G-PSF), the peak platform for dialogue between the government and private sector in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346961/australia-backs-cambodias-private-sector-forum/
Tax revenue of $2.3b meets nearly 65% of GDT target
The continuous reform of tax procedures and understanding taxpayers have helped the tax revenue increase steadily, industry observers say. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-23b-meets-nearly-65-gdt-target
Silk sector challenged by reduced capital, investment
Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...
Hin Pisei
https://www.phnompenhpost.com/business/silk-sector-challenged-reduced-capital-investment
Japanese hi-tech firms to help develop agriculture in Cambodia
The Japan External Trade Organization (JETRO) and Japan Aerospace Exploration Agency (JAXA) will jointly host a symposium in Cambodia to introduce eight Japanese companies with cutting-edge technologies to local private sector firms and other institutions that work in the development of the country’s agriculture, according ...
Kang Sothear
https://www.khmertimeskh.com/501329612/japanese-hi-tech-firms-to-help-develop-agriculture-in-cambodia/
New government looks to more FDI investment
Cambodia is optimistic that it will continue to attract more foreign direct investments following the formation of a new government after the July 23 election, a top official said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501329609/new-government-looks-to-more-fdi-investment/
PM calls for quick establishment of commercial court
Prime Minister Hun Sen urged the Ministry of Justice to expedite the establishment of a commercial court and to operationalise it as soon as this year. This is to ensure the resolution of trade and business disputes and to improve the investment and business climate ...
Chea Vanyuth
https://www.khmertimeskh.com/501314495/pm-calls-for-quick-establishment-of-commercial-court/
PM pushes for commercial, labour courts in next five-year mandate
Prime Minister Hun Sen requested that the Ministry of Justice prepare legal frameworks that will expedite the formation of dedicated commercial and labour courts. ...
Van Socheata
https://www.phnompenhpost.com/national/pm-pushes-commercial-labour-courts-next-five-year-mandate
Furniture exports decrease by almost 29% on-year to $164M in January-April
Cambodia earned $164.111 million from the export of “furniture, lighting signs, prefabricated buildings” in the first four months of 2023, down 28.82 per cent year-on-year from $230.544 million and down 52.01 per cent half-on-half (compared to July-October 2022) from $341.97 million, according to provisional Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/furniture-exports-decrease-almost-29-year-164m-january-april
Investment projects promise almost 80K new job opportunities
The Council for the Development of Cambodia (CDC) notices issued in the January-May period reveal that the government agency approved 61 new private investment projects – both inside and outside of special economic zones (SEZ) – totalling $516.64 million and set to deliver an estimated ...
Hin Pisei
https://www.phnompenhpost.com/business/investment-projects-promise-almost-80k-new-job-opportunities
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Investment incentives mulled for agriculture
The Cambodia Chamber of Commerce (CCC) has requested that the government study consider offering additional tax exemptions to the agriculture sector, in order to support last year’s 2022-2030 agricultural policy. ...
Van Socheata
https://www.phnompenhpost.com/business/investment-incentives-mulled-agriculture
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
Chamber of commerce calls for additional SEZ incentives
Representatives of the private sector and economists have encouraged regional developers to establish a private sector development council to invest in regional special economic zones (SEZs), as they called for renewed focus on the development of exiting SEZs. ...
Van Socheata
https://www.phnompenhpost.com/business/chamber-commerce-calls-additional-sez-incentives
Tina suggests exploration of Israeli market
Agriculture minister Dith Tina asked Yaron Tamir, the CEO of Israeli agricultural capacity-building company Agrostudies, to examine the possibility of importing Cambodian agricultural products into Israel. ...
Van Socheata
https://www.phnompenhpost.com/national/tina-suggests-exploration-israeli-market
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-pakistan-mull-joint-trade-body-committee
Kampong Speu governor courts investors in Hong Kong
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. ...
Van Socheata
https://www.phnompenhpost.com/business/kampong-speu-governor-courts-investors-hong-kong
Sendai office to bolster Japan ties: CCC
The apex Cambodian business association’s leaders are convinced that their new representative office in the Sendai region will materially accelerate the Kingdom’s trade and economic relations with Japan, largely by tapping into the opportunities created by the Regional Comprehensive Economic Partnership (RCEP). ...
Hin Pisei
https://www.phnompenhpost.com/business/sendai-office-bolster-japan-ties-ccc
Trade spurt seen after PM’s Laos state visit
Bilateral trade between Cambodia and Laos is predicted to pick up after a recent series of key meetings between national leaders and prominent members of the business community, following a reported jump of roughly three-tenths last year over 2021. ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-spurt-seen-after-pms-laos-state-visit
Cambodia, Switzerland vow to step up trade ties
Cambodia and Switzerland have pledged to further strengthen trade relations and look into establishing a bilateral free trade agreement (FTA), as import-export flows between the two countries passed the $1.4 billion mark in 2022, according to a Ministry of Commerce statement. ...
Hin Pisei and Van Socheata
https://www.phnompenhpost.com/business/cambodia-switzerland-vow-step-trade-ties