Economy and commerce

Cambodia exported more than 22,580.68 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first seven months of 2021, up 558.19 per cent year-on-year, with Vietnam as the top buyer, according to the Ministry of Agriculture, Forestry ...

Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...

The Royal Phnom Penh Hospital has been given the rights by the government to import and control the Pfizer-BioNTech and Moderna Covid-19 vaccines from the United States. ...

Growers and suppliers of cashew nuts and geographical indication- (GI) certified Kampot pepper will soon have a chance to sell their products to Chinese consumers through the e-commerce platform Alibaba.com, according to the Ministry of Economy and Finance’s Entrepreneurship Development Fund (EDF) on August 3. ...

A multi-purpose port is in the pipeline to be built in Kep province that will serve the tourism sector as well as a maritime seaport that will boost the economy and development sector of the province. ...

Small and medium-sized Cambodian companies are to receive government training on how to make the most of the digital economy. ...

Cambodia’s new investment draft law is set to introduce new incentives for people to invest in the country. ...

Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...

Four priority areas of cooperation, namely public health security, micro, small and medium enterprises (MSME) capacity building, climate-change resilient agricultural production, and sustainable energy have been emphasised by Cambodia’s top diplomat.​ ...

Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. ...

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. ...

The Cambodia Securities Exchange (CSX) on August 3 said it is not involved in a fraud dispute concerning derivatives broker GoldFX Investment Co Ltd. ...

Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...

The General Department of Taxation at the Ministry of Economy and Finance and Japanese Embassy to Cambodia held a virtual discussion Monday in conjunction with the Japanese embassy on tax considerations for Japanese investors. ...

The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...

Cambodia exported 67,547.34 tonnes of chillies in the first seven months of 2021, an increase of nearly 50 per cent year-on-year, according to the General Directorate of Agriculture. ...

The state-owned Agricultural and Rural Development Bank of Cambodia (ARDB) announced that it has reserved a large number of financial packages of working capital loans for rice millers and exporters to buy paddy from farmers during the upcoming harvest season, in a bid to push ...

The National Bank of Cambodia (NBC) and the National Social Security Fund (NSSF) have entered into a partnership on social security planning, investment management and human resource development. ...

Embattled derivatives brokerage GoldFX Investment Co Ltd (GFX) was a no show at a tripartite meeting with victims that had been scheduled for Friday. ...

Eight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects  will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. ...

Cambodia’s overseas rice shipments tumbled 27.3 percent Jan-July, compared with a year earlier. ...

Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. ...

The Cambodian government expects to earn tax and customs income of at least $5 billion by the end of 2021. This would bring revenue expectations in line with the $5.28 billion collected as registered in 2020. ...

Cambodia exported nearly $3 billion worth of agricultural products in the first seven months of the year, a rise of more than 87 percent over the same period in 2020. ...