Economy and commerce

The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...

Prime Minister Hun Sen defended Chinese support and investment in Cambodia on Monday at the inauguration of an overpass in Phnom Penh, hailing the two nations’ “partnership in comprehensive strategies”. During the inauguration of the Dey Hoy Sky Bridge in the capital’s Sen Sok district, ...

The National Bank of Cambodia (NBC) announced on Friday that it is seeking to cooperate with relevant stakeholders to crack down on illegal lenders. It also alerted the public about the dangers of taking cash loans from unfamiliar sources. ...

Shanghai-based Join.In Hospitality Management (JHM) has revealed plans to expand its Tonino Lamborghini Hotel & Resort – a luxury hotel chain – by opening a hotel in Siem Reap, its first outside China. In a press release, JHM announced earlier this week that it has ...

Cambodia became the largest bicycle supplier to the European Union (EU) last year, overtaking Taiwan, which had held the number one spot for two decades, a recent report from the website Bike-EU.com said on Monday. The report from the leading industry newsletter associated with the ...

Producers, traders and exporters in Ratanakkiri and Tbong Khmum can now apply online for certificates of origin for their exports, submitting applications through the website of their respective provincial commerce department. ...

The first industrial park for small and medium enterprises in the Kingdom will open this October in Kandal province, just 12 kilometres from the centre of Phnom Penh. The SME Eco Park, referred to also as SME Cluster Zone by the developer, is located on ...

Visa Inc, the world’s leader in digital payments, experienced strong growth in Cambodia in 2017 with the number of Visa cards in the country increasing by 65 percent compared to the previous year. ...

Prime Minister Hun Sen yesterday said that the Cambodian customs unit will have helicopters equipped with weapons to stamp out smuggling. ...

The pomelo grown in Kratie’s Koh Trong commune is now the third Cambodian product to obtain Geographical Indication (GI) status, following in the footsteps of Kampot pepper and Kampong Speu’s palm sugar. ...

A new joint venture of local and international companies will result in the creation of the biggest data centre in the country, boosting the Kingdom’s capabilities to provide digital and cloud services. ...

With the countries aiming to achieve $6 billion in bilateral trade by 2020, China on Tuesday said Cambodia’s low sanitary and phytosanitary standards stand in the way of achieving their mutual trade goals, particularly when it comes to agricultural goods. ...

The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations.​ ...

A Chinese-owned depot for furniture and construction materials officially open yesterday in Kandal province, 20 kilometres from downtown Phnom Penh.​ ...

More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International ...

The Council for the Development of Cambodia (CDC) on Thursday announced it has approved four projects so far in June, amounting to $1.9 billion. CDC posted in its Facebook page that since the beginning of the month it has issued final registration certificates for four ...

Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...

The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, announced on Thursday that it had approved four projects with a combined total capital investment of nearly $2 billion. It said the four projects would create 11,193 jobs. ...

Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...

Cambodian officials pleaded last week with representatives of the Eurasian Economic Union (EAEU) to include more Cambodian products into the bloc’s joint tariff scheme during a high level diplomatic meeting in Moscow. ...

Phnom Penh Forestry Administration (FA) on Tuesday morning stopped a passenger bus that was carrying snakes, water monitor lizards, turtles and tortoises, weighing a total of 400kg, said Kom Seyha, office chief at the Phnom Penh FA, who led the operation. ...

The Ministry of Agriculture, Forestry and Fisheries has temporarily halted the import, supply and distribution of all pesticides. The ban comes after at least 14 people died and around 300 were warded after poisonings in Sre Norn and Alorch villages in Chet Borey district’s Kantuot ...

Cambodia may need to import 30,000 tonnes of salt this year to meet local demand as producers face a shortage due to climate change, an industry group says. Bun Baraing, co-director of the Kep-Kampot Salt Producers Community (KKSPC), told The Post on Wednesday that this ...

Cambodian could soon be exporting its world-renowned rice to the Oceanian nation of Papua New Guinea after trade representatives from both countries held negotiations last week. ...