Economy and commerce

The newly-renamed Securities and Exchange Regulator of Cambodia (SERC) and its nine capital-market-regulator counterparts in ASEAN on March 15 signed a new five-year Action Plan 2021-2025 for the development of the sector. ...

The General Department of Taxation (GDT) has announced that payment of property tax is now possible via mobile phone through the “GDT Taxpayer App”. The announcement was issued on March 11 and signed by Kong Vibol, minister attached to the Prime Minister and director-general of ...

According to a new think-piece released by Visa, small businesses have demonstrated their resilience by adapting quickly to the impact of COVID-19. ...

Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...

A Tbong Khmum provincial farming community is on tenterhooks as it waits for its 11 20-litre batches of mango wine to ferment, in a new project backed by the provincial agriculture department as it explores new opportunities for the fruit. ...

Hong-Kong-based fintech firm Kiwi Pay Group Co Ltd (KiwiPay) announced a strategic merger with Cambodian food and grocery delivery start-up Meal Temple Group Pty Ltd to enter more developing markets with a new app called KiwiGo. ...

Nine international business chambers have called on the General Department of Taxation (GDT) to extend the deadline for filing tax on income for fiscal year 2020 past March 31 in light of economic pressure caused by the Covid-19 pandemic. ...

The Kingdom’s technical team and its Eurasian Economic Commission (EEC) counterpart recently assembled to share thoughts and opinions as both parties prepare for the third round of preliminary working-level talks toward formally launching free trade agreement (FTA) negotiations and expand trade markets and investments. ...

Angkor Enterprise has extended the period of validity for entry tickets to Angkor Archaeological Park in a move to revive tourism to the sprawling temple complex, it said in a March 10 press release. ...

Cambodia, Laos and Vietnam (CLV) on March 10 reaffirmed their commitment to boost border trade and investment with a specific focus on the construction of border markets and to improve customs clearance procedures. ...

A team from China’s General Administration of Customs (GACC) on March 10 conducted a virtual inspection of three Cambodian mango farms and four treatment facilities to ensure that they are fit for export, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

According to a feasibility study revealed in a report published by Tyrepress Media, the tire-maker is interested in building a facility within Svay Rieng province’s QiLu (Cambodia) Special Economic Zone that is capable of making five million semi-steel radials a year. ...

Despite Cambodia’s increasing digital adoption, word of mouth recommendation (WOM) still holds the most weight when it comes to influencing purchasing decisions, according to a new report by research site Engagement Labs (EL). ...

Digital marketing skills for women can help bridge Cambodia’s digital gender divide and strengthen the Kingdom’s e-commerce sector, according to experts. ...

A group of environment lovers are launching a pilot project to use the leaves from areca trees in the production of bowls and plates. The use of the leaves to this purpose has advantages in bio-degradability and the potential reduction of the use of plastics ...

According to an Asian Development Bank (ADB) report, increasing job opportunities in decent work for women is essential for growth and vital for the advancement of economic and social development in Cambodia. ...

Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.  ...

Cambodia has opened its market to pork produced in Brazil, according to an announcement from Brazil’s Ministry of Agriculture, Livestock and Supply. ...

The Indian Embassy to Cambodia has stated it seeks to see increased imports of pepper and turmeric from Cambodia. This potential hike in bilateral trade with India was discussed at a meeting held March 9 between Indian Ambassador to Cambodia Dr Devyani Uttam Khobragade and ...

Czech-Cambodian firm EU Land and Pepper Investment Co Ltd has vowed to buy 50 per cent of all produce cultivated by its contracted smallholder growers this year to ramp up exports, with the European market in its sights. ...

Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) have improved as early talks witness an increasingly positive sentiment, according to Ministry of Commerce spokesman Seang Thay. ...

The private sector welcomed the Ministry of Posts and Telecommunications newest warning to unlicensed or otherwise non-legally-compliant telecoms operators as a necessary building block for sustainable growth in the industry. ...

A global shortage of containers and rising shipping rates during the Covid-19 outbreak has driven up production costs for the Kingdom’s mangoes and eroded their competitiveness on the international market, according to two leading producers-cum-exporters. ...

Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...