Economy and commerce
500-hectare industrial park for K.Speu
The chairman of Canadia Bank and Overseas Cambodia Investment Corp (OCIC) said his company is developing a 500-hectare industrial park in Kampong Speu province (along the National Road 51). ...
Sok Chan
https://www.khmertimeskh.com/50737773/500-hectare-industrial-park-for-k-speu/
Garment sector struggles to maintain EU trade agreement
The Kingdom’s annual $7 billion garment and textile sector, which has already been hard hit by the Coronavirus pandemic, is still struggling to make up for its partial loss of a preferential zero-tax trade deal provided by the European Union due to end in August. ...
Sorn Sarath
https://www.khmertimeskh.com/50737960/garment-sector-struggles-to-maintain-eu-trade-agreement/
Up to 15 percent of logistics providers ‘heading for bankruptcy’
The Cambodia Freight Forwarders Association (CFFA) yesterday said the on-going COVID-19 pandemic is seriously damaging logistic providers, with about 10 to 15 percent heading for bankruptcy in the upcoming months. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50737975/up-to-15-percent-of-logistics-providers-heading-for-bankruptcy/
Animal husbandry to rise
Animal husbandry in Cambodia is projected to enjoy a slight increase of 1.1 percent this year. The growth rate will rise to 1.6 percent in 2021, according a recent report from the government. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50737483/animal-husbandry-to-rise/
Construction suffers from low growth
In the light of COVID-19, however, the sector is estimated to have suffered negative rate growth of 5.3 percent in 2020 and is expected to hit a growth rate of 3.3 per cent next year, according to an updated report by the Ministry of Economy ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50736882/construction-suffers-from-low-growth/
New capital international airport to employ 20,000
Prime Minister Hun Sen confirmed yesterday that the current Phnom Penh International Airport will be used only for the head of state, heads of local governments and Cambodian senior leaders, as a military airbase, for domestic flights, private jets and for diplomatic officials and foreign ...
Sok Chan
https://www.khmertimeskh.com/50736826/new-capital-international-airport-to-employ-20000/
Cambodia exports two million tonnes of agricultural products in first five months
A total of 1.9 million tonnes of agricultural products have been exported in the first five months of this year, a 7 percent increase compared to the same period last year. Of the total exported agricultural products, milled rice was accounted for about 350,000 tonnes, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50736330/cambodia-exports-two-million-tonnes-of-agricultural-products-in-first-five-months/
Cambodian vegetables stand to gain EU market
Cambodia will seize the opportunity to export vegetables to EU market, a Ministry of Agriculture, Forestry and Fisheries senior official Ngin Chhay has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50736081/cambodian-vegetables-stand-to-gain-eu-market/
Agriculture, domestic tourism and SMEs are the catalysts to restore the economy
Cambodia must boost the development of the domestic tourism, agriculture and small and medium enterprises (SMEs) to restore its economy post-COVID-19, according to Ky Sereyvath, Director of China Study Center of RAC. ...
E-payments, key to promoting financial inclusion
Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. ...
Sorn Sarath
https://www.khmertimeskh.com/50736465/e-payments-key-to-promoting-financial-inclusion/
Sihanoukville: Returning Chinese mark a sign of a business rebound
The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses before the COVID-19 outbreak, is seeing economic activity gradually rebound after Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease. ...
Sorn Sarath
https://www.khmertimeskh.com/50734801/sihanoukville-returning-chinese-mark-a-sign-of-a-business-rebound/
Phnom Penh construction investment hits $1.3 billion
Construction investment projects in Phnom Penh were recorded at more than $1.3 billion from January to May, officials said yesterday. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50734807/phnom-penh-construction-investment-hits-1-3-billion/
Non-garment sectors predicted to remain healthy next year
The Kingdom’s non-garment industry is predicted to remain healthy next year, supported by the agriculture and services sector, according to the government’s national strategic budget plan 2021-2023. ...
Sorn Sarath
https://www.khmertimeskh.com/50734782/non-garment-sectors-predicted-to-remain-healthy-next-year/
Pressure to export several food products to China simultaneously
Cambodia wants China to have a full fruit package deal in negotiations concerning sanitary and phytosanitary issues to export agricultural products to the Chinese market. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50734350/pressure-to-export-several-food-products-to-china-simultaneously/
Industry demands renewable energy to fill quotas
A rapid shift away from traditional energy sources and towards renewables is required to increase Cambodia’s appeal for manufacturing investment, as large multinationals seek destinations with affordable clean energy to meet legislated quotas. ...
Harrison White
https://www.khmertimeskh.com/50734168/industry-demands-renewable-energy-to-fill-quotas/
$2.3 million approved by SME Bank
The SME Co-Financing Scheme (SCFS) has received 13 applications with a total loan approval value of $2.338 million as of June 11, a senior executive officer of the SME Bank of Cambodia told Khmer Times. ...
Sok Chan
http://khmertimeskh.com/50734391/2-3-million-approved-by-sme-bank/
South Korea says may sign FTA next month
South Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade, news hailed by local businessmen. ...
Thou Vireak
https://www.phnompenhpost.com/business/south-korea-says-may-sign-fta-next-month
First gold production is to proceed despite pandemic
Renaissance Minerals (Cambodia) Ltd, a subsidiary of Australia-listed Emerald Resources NL, has reiterated that its first gold production will go as planned despite the impact of the COVID-19 pandemic. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50733884/first-gold-production-is-to-proceed-despite-pandemic/
PM forecasts economic contraction of 1.9 percent this year
Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733913/pm-forecasts-economic-contraction-of-1-9-percent-this-year/
ARDB farm loans now total $31M
Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday. ARDB director-general Kao Thach said applications for government loans have been growing rapidly since the government officially launched a $50 million fund in March. ...
Thou Vireak
https://www.phnompenhpost.com/business/ardb-farm-loans-now-total-31m
Market demands for salt flower attract producers
Cambodian farmers have begun to collect salt flowers and now becoming a new product gaining popularity in the market both domestically and internationally with a considerable price. ...
AKP
https://www.khmertimeskh.com/50733929/market-demands-for-salt-flower-attract-producers/
Cambodia-Thailand trade hit $3.1 billion in four months
The two-way trade between Cambodia and Thailand hit $3.1 billion in four months of this year, up 18.3 percent year-on-year, the Cambodian Embassy in Thailand said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733994/cambodia-thailand-trade-hit-3-1-billion-in-four-months/
Cambodia-U.S. trade volume reaches $2.1 billion in first four months
The trade volume between Cambodia and U.S. has reached $2.1 billion in the first four months of the year which goes up to 29.31 percent compared to the same period of 2019 which was shared by the U.S Trade Bureau. ...
Khmer Times Staff
https://www.khmertimeskh.com/50732492/cambodia-u-s-trade-volume-reaches-2-1-billion-in-first-four-months/
Ministry pledges to achieve drop in poor landowners
The Ministry of Agriculture has pledged to achieve the goal of reducing poverty among small landholders despite the COVID-19 pandemic. The ministry is aiming to achieve this through the Agriculture Services Programme for Innovation, Resilience and Extension (ASPIRE) project Phase II by 2022. ...
Sorn Sarath
https://www.khmertimeskh.com/50732783/ministry-pledges-to-achieve-drop-in-poor-landowners/