Economy and commerce
Cambodia, France trade volume reaches $515M
Bilateral trade volume between the Kingdom and France reached $515.21 million last year, making Europe’s trade volume stand at $4.6 billion in 2023, said Prime Minister Hun Manet. ...
Nheng Chamrong
https://www.khmertimeskh.com/501424116/cambodia-france-trade-volume-reaches-515m/
Vietnamese firms in Cambodia foster connections and enhance trade
Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425155/vietnamese-firms-in-cambodia-foster-connections-and-enhance-trade/
Indonesian’s Lippo Group Seeks Investment Opportunities in Health and Real Estate in Cambodia
Lippo Group, a major Indonesian corporation, is seeking investment opportunities in Cambodia’s health and real estate sectors. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425157/indonesians-lippo-group-seeks-investment-opportunities-in-health-and-real-estate-in-cambodia/
Temasek Holdings Company in Singapore aims to expand its business in Cambodia
The chairman of Temasek Holdings Company, Lim, said to Cambodian Prime Minister Dr. Hun Manet that his company aims to expand its business further in the ASEAN region, of which Cambodia is also a priority. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425185/temasek-holdings-company-in-singapore-aims-to-expand-its-business-in-cambodia/
Cambodia exports rubber worth $490.6 million in 2023
Cambodia exported 368,048 tonnes of dry rubber in 2023, a slight decrease of 1.3 percent from 372,903 tonnes in a year earlier, said a report from the General Directorate of Rubber on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425159/cambodia-exports-rubber-worth-490-6-million-in-2023/
Kingdom exports first shipment of milled rice to UAE
Kingdom has exported milled rice to the United Arab Emirates (UAE), the first batch of 60,000 tonnes, grabbing a new market for Cambodia’s rice. ...
Chea Vanyuth
https://www.khmertimeskh.com/501422987/kingdom-exports-first-shipment-of-milled-rice-to-uae/
MFI outstanding loans stood at $5.13 billion in 2023 Q3
Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501422993/mfi-outstanding-loans-stood-at-5-13-billion-in-2023-q3/
Cambodian government praised by French company VINCI for creating ideal business conditions
In a meeting between the President of VINCI Airports, Nicolas Notebaert, and Prime Minister Dr. Hun Manet, VINCI expressed its gratitude for the Cambodian government’s efforts in maintaining peace, stability, and security. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423737/cambodian-government-praised-by-french-company-vinci-for-creating-ideal-business-conditions/
China and Cambodia sign ‘$1billion rubber & tire projects’ agreement
Cambodian and Chinese officials have signed an MoU concerning plans to invest $1 billion (€910 million) in joint rubber & tire projects, Cambodia Development Council (CDC) has announced. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423710/china-and-cambodia-sign-1billion-rubber-tire-projects-agreement/
Rising exports, global renown fuel rice sector
After experiencing positive growth in 2023, the Cambodian rice export market is expected to continue its upward trajectory in 2024. However, factors such as weather conditions and shipping costs may cause some disruptions. ...
Hin Pisei
https://www.phnompenhpost.com/business/rising-exports-global-renown-fuel-rice-sector
Cambodia’s export to RCEP members rises sharply despite weakening global demand
Cambodia on Saturday reported a sharp rise in its export to Regional Comprehensive Economic Partnership (RCEP) member countries last year despite a slowdown in global demand. ...
Khmer Times Staff
https://www.khmertimeskh.com/501422544/cambodias-export-to-rcep-members-rises-sharply-despite-weakening-global-demand/
Cambodia imports oil products worth $2.17 bln in 2023
Cambodia’s imports of diesel fuel and petroleum oil declined by 7.6 percent in 2023, according to a report from the General Department of Customs and Excise on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423161/cambodia-imports-oil-products-worth-2-17-bln-in-2023/
South Korean investors eye automotive expansion
South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...
Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion
South Korean investors eye automotive expansion
South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...
Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion
Cambodia’s trade declines 1.9% to $46.82 billion in 2023
Cambodia’s international trade stood at $46.82 billion in 2023, recording a decline of 1.9 percent compared to 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501421111/cambodias-trade-declines-1-9-to-46-82-billion-in-2023/
Cambodia-China trade continues to grow despite global demand slowdown
Cambodia-China trade continued to rise in 2023 despite a slowdown in global demand, thanks to the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA), a commerce official and experts said on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501422036/cambodia-china-trade-continues-to-grow-despite-global-demand-slowdown/
USAID helps improve Cambodian cashew value chain
The U.S. Agency for International Development (USAID) is partnering with the Cambodia Cashew Federation to improve Cambodian cashew value chain through the Cashew Export Development Programme. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420730/usaid-helps-improve-cambodian-cashew-value-chain/
Cambodia exports over 100 tonnes of Kampot pepper
Cambodia exported 103 tonnes of the renowned Kampot pepper, registered as a Geographical Indication in the European Union, last year, recording a decrease of 11 percent compared to 2022, a report of the Kampot Pepper Promotion Association showed yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501420426/cambodia-exports-over-100-tonnes-of-kampot-pepper/
Cambodia’s trade declines 1.9% to $46.82 billion in 2023
Cambodia’s international trade stood at $46.82 billion in 2023, recording a decline of 1.9 percent compared to 2022. While exports were marginally up by 1.8 percent, the imports showed a decline of five percent, according to the trade data released by the General Department of ...
Manoj Mathew
https://www.khmertimeskh.com/501421111/cambodias-trade-declines-1-9-to-46-82-billion-in-2023/
RCEP fuels regional growth amid economic recovery, challenges
Two years on, the world’s largest free trade pact in terms of population and trade volume, has unleashed tremendous benefits for regional integration in the Asia-Pacific region and powered up economic recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501421396/rcep-fuels-regional-growth-amid-economic-recovery-challenges/
PM says Cambodia needs more qualified human resources
Prime Minister Hun Manet said Cambodia needs more qualified human resources that is why the Royal Government has decided to conduct strict education reform since 2014. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420760/pm-says-cambodia-needs-more-qualified-human-resources/
Cambodia seeks 1.7 billion SDR loan for development projects
Cambodia has unveiled ambitious plans to secure a loan of 1.7 billion in Special Drawing Rights (SDR), or $2.3 billion, in 2024 for the development of key sectors. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-seeks-17-billion-sdr-loan-for-development-projects
Milled rice exports increase 3% in 2023
In 2023, Cambodia exported more than 656,000 tons of milled rice worth $466 million, marking a three percent growth in volume and 13 percent in value compared with 2022, according to Cambodia Rice Federation (CRF). ...
Yatt Malai
https://kiripost.com/stories/milled-rice-exports-increase-3-in-2023
Global economy will slow for a third straight year in 2024, World Bank predicts
That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...
Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts