Economy and commerce
Rice exports to East Timor agreed in principle
Cambodia and East Timor have moved closer to sealing a rice-export deal following a meeting between officials. ...
Chea Vannak
https://www.khmertimeskh.com/50714833/rice-exports-to-east-timor-agreed-in-principle/
Rubber exports up by 10 percent in Q1
Cambodia’s rubber export has increased 10 percent in the first quarter of this year compared with the same period last year, but the price of the commodity showed a slight decrease, according to a report from Ministry of Agriculture, Forestry and Fisheries. ...
Chea Vannak
https://www.khmertimeskh.com/50714831/rubber-exports-up-by-10-percent-in-q1/
Impact of Coronavirus on real estate
Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. ...
Yeshi Dema
https://www.khmertimeskh.com/50714661/impact-of-coronavirus-on-real-estate/
Cambodia drops 8 places in Economic Freedom Index
Cambodia’s ranking in the Index of Economic Freedom dropped by eight places from last year, a negative sign for a country seeking to expand its economy and become a major player in Southeast Asia. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50714184/cambodia-drops-8-places-in-economic-freedom-index/
Exports through Svay Rieng increase by $237 million
Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50713731/exports-through-svay-rieng-increase-by-237-million/
Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/
Gov’t set to finalise antitrust, competition draft law
The government will soon finalise a draft law on antitrust and competition, and submit it to the National Assembly for approval, Ministry of Commerce senior official told The Post on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-set-finalise-antitrust-competition-draft-law
Int’l digital payment firms ‘committed’ to de-dollarisation
Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50713285/intl-digital-payment-firms-committed-to-de-dollarisation/
GMAC, other textile associations mount pressure on brands to pay suppliers
Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...
Khmer Times Staff
https://www.khmertimeskh.com/50713331/gmac-other-textile-associations-mount-pressure-on-brands-to-pay-suppliers/
Price of exported rice doubles
The price of fragrant rice exports to international markets has doubled in the last month, from $50 to $100 per matrix ton, according to the Cambodia Rice Federation (CRF). ...
Chea Vannak
https://www.khmertimeskh.com/50713246/price-of-exported-rice-doubles/
CSX: Four more companies to list bonds and equity
Three financial institutions and one privately owned company are expected to list their corporate bonds and equity on the Cambodia Securities Exchange (CSX) by the end of April and early May respectively. ...
Sok Chan
https://www.khmertimeskh.com/50713247/csx-four-more-companies-to-list-bonds-and-equity/
Exports soar 24% in first two months
Cambodian exports soared 24 per cent year-on-year to $2.563 billion in the first two months of this year, despite the reverberating local and global effects of the Covid-19 pandemic. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-soar-24-first-two-months
CDC okays 15 more projects this month
The Council for the Development of Cambodia (CDC) has issued final registration certificates to 15 investment projects since April 2 worth a total of $225.5 million and which are expected to generate 7,620 jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-15-more-projects-month
World Bank: Real-estate boom could backfire on economy
The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/
$23.5 million in new investment projects licensed
The Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50712885/23-5-million-in-new-investment-projects-licensed/
The CDC approves investment projects worth $13.9 Million
The Council for the Development of Cambodia (CDC) has approved four investment projects with a combined capital investment valued at $13.9 million and expected to create 3,315 jobs. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/711874/the-cdc-approves-investment-projects-worth-13-9-million/
Success reported in second round of Cambodia-China free-trade agreement
A senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the year. ...
Kingdom casts it export net wider to mitigate exit of major US and EU markets
Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...
Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/
Second round of China FTA talks close
The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/second-round-china-fta-talks-close
Exports to Japan reach $296M
Cambodia exported $296 million of goods to Japan in the first two months of this year, up 2.4 per cent compared to the same period last year, data from the Japan External Trade Organisation (Jetro) shows. Both countries committed to boosting bilateral trade to more ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-japan-reach-296m
Further fiscal woes for tourism sector
The Government on Tuesday announced the suspension of the annual Khmer New Year celebration, in a bid to stop the spread of the Novel Coronavirus. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50710647/further-fiscal-woes-for-tourism-sector/
Border opening on table
Cambodia and Thailand are in talks to open more border gates to import and export agricultural products after the two countries largely closed their borders amid the Covid-19 pandemic. Held on Tuesday on the Thai side of the border, the Cambodian delegation was led by ...
Long Kimmarita
https://www.phnompenhpost.com/national/border-opening-table
Cambodia must boost agricultural output, says Prime Minister Hun Sen
The prime minister has urged all stake holders involved in the agricultural sector in the country to boost and promote the vital agricultural sector as it will provide food for the country’s people as well as enable exports. ...
Khmer Times Staff
https://www.khmertimeskh.com/710823/cambodia-must-boost-agricultural-output-says-prime-minister-hun-sen/
Cambodia faces further economic headwinds with AMRO downgrading economic growth to 2.7 Percent
The ASEAN+3 Macroeconomic Research Office (AMRO), in its release revealed the shared common situation of the ASEAN + 3 nations economic growth prospects for this and next year amid headinds caused by the Covid-19 pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/50710810/cambodia-faces-further-economic-headwinds-with-mro-downgrading-economic-growth-to-2-7-percent/