Economy and commerce

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods, with the National Bank of Cambodia (NBC) saying the low inflation rate was a product of sound macroeconomic management. ...

Since the establishment of the Lancang-Mekong Cooperation (LMC) mechanism less than two years ago, many Chinese companies have been active players in the cooperation, greatly boosting regional development in the six riparian countries. Jiang Zengwei, chairman of the China Council for the Promotion of International ...

The rate of microfinance loans with overdue payments nearly doubled last year according to the National Bank of Cambodia (NBC), though it remained within a normal range and was coupled with a rise in deposits. ...

The New Year brought a new wave of evictions and development to more than 5 square kilometres on Preah Sihanouk province’s Ochheuteal Beach, though local authorities remain in the dark about what company is behind the development. ...

The central bank injected $915 million worth of riel into the economy last year by buying up US dollars with the local currency, stabilising the exchange rate amid higher demand for riel, according to the bank’s latest report. ...

With leaders from the Greater Mekong Sub-region gathering next week in Phnom Penh for a new summit on Lancang-Mekong Cooperation, leading political thinkers and researchers say the LMC mechanism plays a crucial role in enhancing economic cooperation in the region and complements the work being ...

Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...

In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions (MFIs) seeing a robust expansion in loans and deposits throughout the year, according to the National Bank of Cambodia’s (NBC) annual ...

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

Cambodia’s central bank yesterday announced a decision to revoke the operating licences of 11 rural credit operators for failing the abide by regulations. ...

Agriculture Minister Veng Sokhon said he would ask Prime Minister Hun Sen to take action to help farmers compete against neighbouring countries, including further measures to address high electricity costs, as the sector mapped out its challenges for the year at a ministry-led forum in ...

Preah Sihanouk provincial authorities will ask the government to deal with 10 sellers who refuse to relocate from Koh Puos – or Hawaii beach – and Lomher Kay beach.​ Vendors’ representatives have asked for compensation from provincial authorities to relocate to a new area. ...

Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...

The co-working and co-living space Outpost Cambodia announced details of a startup competition today that will offer a winning company free 24/7 access to a desk for up to six people for six months in its workspace on Phnom Penh’s Chroy Changvar peninsula, four specialised consultations with ...

The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...

The Securities and Exchange Commission of Cambodia (SECC) has decided to slash transaction fees on derivative trading, a move the SECC claims will help spur future trades. ...

Cambodia’s fledgling stock exchange could receive a much-needed boost after Malaysian-owned power infrastructure provider Pestech Cambodia officially submitted its application for an initial public offering on the CSX, industry insiders said yesterday. ...

The promises of Chinese agro-industrial investment have been recurrent: Hyped up by local officials and media outlets, with photographs of handshakes and earnest negotiation posted across social media, major deals are announced between government ministries and visiting delegations. ...

CSX-listed Phnom Penh SEZ Plc has announced it will issue 14 million new shares after securing shareholder approval on Friday during a general meeting. ...

The European Commission has announced it is investigating the potential laundering of Chinese shipments of citric acid through Cambodia, allowing Chinese manufacturers to flout export restrictions. The European Commission (EC) imposed duties on Chinese citric acid in early 2015 after determining that the chemical was being ...

Cofco, China’s largest food processor, manufacturer and trader, will set up a working group in the kingdom to explore the possibilities available in the local agricultural market, including expanding the number of products it imports from Cambodia and investing in local infrastructure. ...