Economy and commerce

The weekly cabinet meeting Friday approved the draft report on the progress in the implementation of Cambodia Industrial Development Policy (2015-2025) in 2017-2018. ...

Strict Thai border closures, as well as water shortages, have caused increased financial hardship for villagers this year who had seen their incomes reduced as remittances from overseas fell and crops were damaged. ...

The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts as of June this year, according to a report from the Association Banks of Cambodia (ABC). ...

Huawei Technologies held an event to sign a memorandum of understanding (MOU) with the American University of Phnom Penh (AUPP) and its Center for Leadership and Professional Development (CLPD) at the AUPP campus yesterday. The MOU was to work towards new digital technology projects and ...

PESTECH (Cambodia) Plc, a subsidiary of Malaysia-based power infrastructure specialist PESTECH International Bhd, yesterday officially listed on the local bourse, becoming the 13th listed company in the Cambodia Securities and Exchange (CSX). ...

The Cambodia-Korea Free Trade Agreement (FTA) will expand Cambodia’s rice export potential, according to the Cambodia Rice Federation (CRF). ...

A conference was held at the UN Development Programme (UNDP) head office in Phnom Penh as well as over video conference to discuss a new report conducted by the UN and the Institute for Manufacturing Educational Consultancy Services (IfM ECS) within the University of Cambridge). ...

THE Kingdom’s annual $7 billion garment and textile sector will see the partial loss of a preferential zero-tax trade deal provided by the European Union (EU) from today as the Cambodia-China free-trade agreement (FTA) is on its way for final signing. ...

As the Kingdom’s energetic banking sector rockets at an average annual rate of 28 per cent and teems with an ever-increasing number of new players vying for a slice of the market, smaller banks have been left in the dust.​ ...

The agricultural industry is on track to account for 32 per cent of Cambodia’s gross domestic product (GDP) by the end of the year as more of the Kingdom’s workforce moves into the sector, Royal Academy of Cambodia economics researcher Ky Sereyvath has said. ...

Cambodia exported just over $191.3 million worth of personal protective equipment (PPE) in the first half of this year, a 130 per cent rise from the $83.3 million recorded last year. The exports were largely driven by Covid-19 fears and a shortage of such equipment, ...

Impact Hub Phnom Penh, with support from the Australian Embassy in Cambodia, is proud to introduce a new online course “How to build a Startup”, available online now on www.impacthubphnompenh.online. ...

The free trade agreement (FTA) between Cambodia and China will undoubtedly promote stronger trade and investment ties between the two countries, Cambodia’s Commerce Minister Pan Sorasak said in a recent interview with Chinese media. ...

According to the news released from Singapore, Cambodia’s economic growth this year has been forecasted to drop from previous prediction (April) of 2.7 percent this year, and 6.8 percent next year to -1.8 percent this year and 6.5 next year. ...

Cambodia-U.S. bilateral trade was valued at $2.89 billion in the first half of this year, up 15.8 percent compared to the same period last year. Figures from the U.S. Statistics Bureau showed that Cambodia exported 2.75 billion worth of goods to the world’s largest economy, ...

A revised free-trade pact between Japan and the Association of Southeast Asian Nations (Asean) facilitating the cross-border flow of services and investment came into force on Saturday. The deal took effect for Japan and five Asean members – Laos, Myanmar, Singapore, Thailand and Vietnam. The ...

Ministry of Tourism and local tour operators are organising heavily discounted luxury tour package to once-popular tourist destinations such as Siem Reap, as well as promoting local tour guides. ...

Cambodia could lose more than 15 percent of its international remittances in 2020 under the worst-case scenario because of the COVID-19 pandemic, according to a report by the Asian Development Bank (ADB). ...

A senior official from the SME Bank of Cambodia said   it has approved around $22 million in loans under the SME Co-Financing Scheme for 175 clients as of Tuesday. ...

Local policymakers are driving Cambodia’s regional geography, young population and low labour costs to attract more foreign direct investment (FDI) as the Kingdom releases its new five-year development plan for the garment industry. ...

The number of companies registered via the government’s new online business registration system was confirmed as 287 as of July 29, while 323 companies are pending approval, according to data from the Ministry of Economy and Finance (MEF). ...

Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China. ...

Cambodia will mostly rely on agricultural products for trade with partners around the globe, a move that requires the sector to be more developed and productivity increased, insiders say. It follows news that the bilateral free-trade agreement (FTA) between the Kingdom and China has just ...

The government is speeding up its draft digital policy to adapt the economy to e-government. Minister of Post and Telecommunications Chea Vandeth was joined by the Ministry of Economy and Finance (MEF) Secretary of State Vongsey Vissoth to discuss the government’s digital policy concept note. ...