Economy and commerce

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

Italy, along with six other European Union countries, has filed a fresh request to European Commission to limit the volume of rice imported from the Kingdom by activating a “safeguard clause” that allows EU member states to impose barriers to protect against trade imbalances. ...

The government will not consider further reductions of import quotas for live pigs, nor will it ban imports of the livestock, a high-ranking official at the Ministry of Agriculture, Forestry and Fisheries (MAFF) recently said, adding that companies in the meat industry should rethink their ...

In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...

Cambodian pig farmers are facing a mounting crisis as the price of pigs has continued to plummet, with many blaming local officials for allowing Vietnam to illegally import pigs across the border, representatives from a farmers association said at a press conference yesterday. ...

A new study on wind energy and its potential to diversify Cambodia’s energy sector is now being conducted, with results expected for mid next year, according to a representative of the Ministry of Mines and Energy. ...

Luxury hotel developer Song Saa Resorts has unveiled a plan to transform 400 hectares of land in the Banteay Srei district of Siem Reap province into an eco-tourism resort with an initial investment of $3 million, according to a release on the Ministry of Environment’s ...

​The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports.​ ​ ...

South Korea wants to host more migrant workers and increase agricultural imports from Cambodia, including mangoes, a meeting between the outgoing ambassador and National Assembly president Heng Samrin revealed yesterday. ...

Despite the widely condemned pre-election dissolution of the Cambodia National Rescue Party, the country’s only major opposition party, by the Supreme Court earlier this month, the heightened risk of political instability is expected to have limited short-term economic spill-over effects, according to an assessment from ...

The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...

A year after a local technology company introduced new software to combat financial crime in Cambodia, four banks have started using the system to fight against money laundering and terrorism financing, the company’s executive said yesterday. ...

Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ...

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ...

Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) has shipped a total of over 9,000 tonnes of Cambodian bananas destined for the Chinese market since the firm first started exporting in July, a company representative said. ...

The Council for the Development of Cambodia (CDC) approved three new investment projects with a combined investment capital of nearly $8 million, according to a release.​ ...

Amru, Cambodia’s leading rice miller and exporter, on Friday signed a deal with Thai Starch Company to supply 8,000 tonnes of fresh organic tapioca and the first exports will be in early 2019. ...

In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything ...

The National Bank of Cambodia (NBC) announced on Friday that local banks and microfinance institutions (MFIs) can now issue corporate bonds or list equity securities on the nascent Cambodian stock market, a move industry insiders claim will help financial institutions raise capital and be less ...

The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...

Nippon Express, a Japanese company specialising in truck, rail and air transport services, is now eyeing an expansion of its operations in Cambodia, according to a recent government announcement. ...

The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...

The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive ...

Cambodia and China signed a Memorandum of Understanding (MoU) on Friday to support the development of the Kingdom’s e-commerce business operations. ...