Economy and commerce

After meeting with the European Commission, Prime Minister Hun Sen said he had expected that Cambodia would one day lose its access to the bloc’s “Everything But Arms” (EBA) preferential trade agreement and had “already requested low interest” loans from China, Japan, South Korea and ...

Two regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by ...

Cambodian rubber exports surged 22 per cent during the first nine months of the year, compared to the same period last year, figures from the Ministry of Agriculture said. Local producers exported 140,303 tonnes of rubber during the period – an increase of 25,240 tonnes ...

A senior Labour Ministry official said a withdrawal of the preferential Everything But Arms (EBA) trade agreement with the EU would not hurt the Kingdom’s economy. Ministry spokesman Heng Suor said the government had prepared plans in the event of an EBA withdrawal. However, he ...

EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not ...

Cambodia will ink an agreement with China next week to import 30,000 tonnes of salt by the end of November, said co-president of the Kep-Kampot Salt Producers Community (KKSPC) Ly Sang. Sang told The Post on Monday that the KKSPC will receive Ministry of Industry ...

Prime Minister Hun Sen, speaking at the Mekong- Japan Business Forum in Tokyo on October 9, invited Japanese firms to visit Cambodia and convince themselves that it a worthy country for their investments. ...

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling. ...

The European Union is a key economic partner in Cambodia, with preferential access to European markets a key element of the Kingdom’s robust growth in recent years, said European Union Ambassador George Edgar. ...

The Asian Development Bank (ADB) has updated its forecast for Cambodia, revising down its estimate of the country’s inflation rate to 2.6 percent from 3.2 percent. Economic growth is expected to remain steady at about 7 percent, according to the ADB. ...

US-ASEAN Business Council President Alexander Feldman wants Cambodia and the US to maintain and improve their relationship.​ ...

Some 80 businessmen from Cambodia and Indonesia gathered at a trade fair in Phnom Penh on Wednesday to forge partnerships and explore ways to boost bilateral trade. ...

The Boao Forum for Asia-Phnom Penh Conference brought together this week Chinese and Cambodian leading business ​people and politicians to discuss economic ties between the countries and promote inter-regional economic cooperation. ...

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

Cambodia has emerged as one of the four recent economic out performers in the Southeast Asian region, according to analyst firm McKinsey & Company in a report published on Wednesday. ...

The bilateral trade volume between Vietnam and Cambodia continued to grow during the first seven months of this year, prolonging an increase after three years of declines that ended in 2016. ...

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...

Cambodia and Vietnam have agreed to boost their bilateral trade figures to $5 billion with the acceleration of a border trade agreement following an increase in trade volume between both countries. ...

The Kingdom is becoming more attractive than ever for fashion companies that are looking to diversify their supply chains in response to the escalating trade war between the US and China, industry experts say. ...

Prime Minister Hun Sen on Tuesday told Chinese companies investing in Cambodia not to worry about contract cancellation in the Kingdom. Speaking at a roundtable meeting with business executives in China as co-chair of the China-Asean Expo, the prime minister told six Chinese conglomerates with ...

In August 2014, China Wind Global Investment Group Co., Ltd. officially landed in Cambodia and opened another new voyage of its “Belt and Road”. It is reported that “China Wind Global Investment Group” was established in August 2013 and was established after Chinese President Xi ...

Cambodia exported more than 1,000 tonnes of dry tobacco leaves to Vietnam last year, valued at more than $2 million. The figure marks a 24 per cent increase from 2016, the Ministry of Commerce said. Ministry of Commerce spokesman Long Kemvichet said data showed the ...

The National Bank of Cambodia (NBC) has rejected two license applications and revoked the licenses of 24 microfinance institutions operating outside the capital, according to an announcement released Wednesday. ...