Economy and commerce

Cambodia exported 123,151 tons of dry rubber in the first half of 2020, up 18 percent compared to the same period last year, said a General Directorate of Rubber report on Monday. ...

Cambodia’s exports of yellow bananas experienced a slight decline during the first half of this year compared with the corresponding period last year due to the coronavirus pandemic which is affecting global supply and demand. ...

The Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. ...

Cambodia exported 1,372 tonnes of fisheries products to the international market in the first half of this year, sinking around 80 per cent from 8,710 tonnes in the same period last year, a Ministry of Agriculture, Forestry and Fisheries report said. ...

To solve the current issues faced by small and medium enterprises (SMEs) in the Kingdom, the Ministry of Economy and Finance (MEF) has issued two main measures. Secretary of State at the MEF and Secretary-General of the Committee on Economic and Financial Policy Phan Phalla ...

Cambodia’s garment industry had issued a renewed plea for help amidst new statistics revealing that more than 150,000 workers have now lost their jobs during the coronavirus pandemic. ...

The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. ...

The Commerce Ministry and Cambodia Rice Federation (CRF) had an urgent meeting about the USA Rice Federation to the The United States International Trade Commission (USITC) on the eliminating a trade benefit on rice imported to US including from Cambodia. ...

Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said.​ ...

Acleda Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday. ...

Having been criticised for its position toward China, the world’s second largest economy, from where most of its foreign debt has come for years, Cambodia is now more likely to change its foreign loan sources to boost economic growth. ...

The New investment law is expected to make Cambodia an attractive destination for new investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, ...

A free trade agreement negotiation between Cambodia and the Republic of Korea has been scheduled to kick-start shortly. This was said by Pan Sorasak, Minister of Commerce when meeting Park Heung-Kyeong, Ambassador of S. Korea to Cambodia, at the ministry office. ...

The National Bank of Cambodia (NBC) says the banking sector will continue to grow confidently and actively contribute to economic activity. At the same time, the banking and finance sector continues to promote financial inclusion with the number of deposit clients reaching 8.2 million accounts ...

Exports in garment sector dropped more than 5 percent to around $3.78 billion in the first half of the year, according to a spokesman of the Ministry of Labour and Vocational Training. ...

Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, ...

Prime Minister Hun Sen will lead a delegation of high ranking officials to sign the Cambodia-China Free Trade Agreement (FTA) next month, the Ministry of Commerce said.​ This, it said, will provide Cambodia a gateway to the world’s second largest and Asia’s largest economy, heralding ...

The Cambodian government issued a sub-decree establishing the new Techo Startup Centre (TSC) as a public administrative institution aimed at providing opportunities for young people, students and researchers to create new businesses in accordance with the trends and momentum of advancing digital technology. ...

In just the first week of this month, the Council for the Development of Cambodia (CDC) approved three new investment projects worth more than $14.4 million. They are expected to generate 625 jobs. ...

Australia is interested in investing in renewable energy in Cambodia such as hydropower and solar power. The interest was highlighted here yesterday by newly appointed Australian Ambassador to Cambodia, Pablo Chiho Kang, during a meeting with Oknha Kith Meng, president of the Cambodia Chamber of ...

Cambodia exported 97,175 tonnes of rubber to foreign markets in the first five months of this year, an increase by 17 percent compared to the same period last year. ...

Cambodia Logistics Association (CLA) president Sin Chanthy told The Post on Thursday that despite the current surge in agricultural product exports – especially milled rice – overall activity in the sector saw minimal growth last month compared to March, April and May, with goods shipments ...

The Cambodia Rice Federation (CRF) has asked the state-owned Agricultural and Rural Development Bank (ARDB) to extend its loan repayment period to 12 months to help rice millers buy paddy. The request was made on Wednesday at a meeting with Cambodia Chamber of Commerce (CCC) ...

Kampong Cham provincial governor Un Chanda said yesterday at a press conference the province has exported over 20,000 tonnes of fresh yellow bananas to international markets during the first six months of this year. ...