Economy and commerce

Prime Minister Pham Minh Chinh and his Cambodian counterpart Dr Hun Manet have agreed to foster cooperation and connect the two economies, helping each other develop an independent and self-resilient economy with deep international integration. ...

President Xi Jinping called on Thursday for China and Cambodia to maintain high-level strategic communication and cooperate on the Belt and Road joint building to promote common development. ...

Vietnam and Cambodia are keen to use their local currency for trading with Malaysia to reduce dependence on the US dollar, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim. ...

Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, up 3.5 percent from 234,100 tons over the same period last year, said a report from the General Directorate of Rubber on Thursday. ...

The role played by the National Bank of Cambodia (NBC) to maintain and control financial condition through various regulatory measures has helped the country to keep inflation under check and economic growth steady despite the global headwinds. ...

Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. ...

The newly appointed governor of the National Bank of Cambodia (NBC), H.E Dr. Chea Serey, gave an in-depth interview to Khmer Times on the Bank’s as well as her priorities in her role as the Governor. ...

On Wednesday, the International Monetary Fund (IMF) lowered its 2023 economic growth forecast for Cambodia to 5.6 percent from its April prediction of 5.8 percent, mainly due to weak external demand. ...

Prime Minister of Cambodia, Dr. Hun Manet, received Ms. Wen Jia, President of the Public Affairs Department of Alibaba Group, on the side-lines of the 3rd Road and Belt Forum for International Coordination in Beijing, China yesterday. ...

Cambodia and China signed several high-level cooperation documents on October 17, during Prime Minister Hun Manet’s visit to Beijing for the 3rd Belt and Road Forum for International Cooperation from October 17-18. On the sidelines of the forum, Manet also met with several Chinese investors who ...

Cambodian Prime Minister Samdech Hun Manet yesterday held separate talks with leaders of four more Chinese companies, during his stay in Beijing, China for the 3rd Belt and Road Forum for International Cooperation on Oct. 17-18. ...

In the first nine months of 2023, Cambodia witnessed a substantial uptick in its imports of electrical machinery, equipment and related products from the international market, totalling more than $1.1 billion. ...

Phnom Penh Autonomous Port (PPAP), a listed state-owned river quay, reported a decline in revenue for the first nine months of 2023, a decrease attributed to unfavorable global economic conditions, largely exacerbated by the prolonged Russia-Ukraine conflict, which has adversely impacted global demand. ...

This was the spirit of the recent talks here between HE SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Ms. Ülkü Kocaefe, Ambassador of the Republic of Türkiye. ...

Indonesia’s new regulations curtailing e-commerce have raised concerns in Cambodia as experts warned that such moves can harm the integration of the regional economy, the progress of digitalization and the future of cross-border trade. ...

Dith Tina, Minister of Agriculture, Forestry, and Fisheries, and other leaders received a courtesy call and discussed with Maura Vieira, Minister of Foreign Affairs of Brazil, at the Ministry of Agriculture, Forestry, and Fisheries on October 11. ...

Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...

Prime Minister Hun Manet on Tuesday called on informal workers to voluntarily register their business to enable authorities to manage data and provide benefits, including debt waivers and a five-years tax exemption. ...

Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...

The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...

Cambodia-US trade during the first nine months of 2023 reached $7.08 billion, marking a 3% dip from the $7.3 billion in the corresponding period of 2022, as per the General Department of Customs and Excise (GDCE). ...

Cambodia’s exports of garments, footwear and travel goods (GFT) continued the slide as the January to September period recorded a decline of 17.81 percent, compared to the same period last year, triggering fears of more job losses and factory closures. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked the Working Group on Law, Tax and Governance of the Government Private Sector Forum (GPS-F) to form an ad-hoc commission to solve complicated technical tax issues by the end of this year, ...

The launch of the National Strategy for Informal Economic Development 2023-2028 will achieve three goals at the same time, i.e. alleviating poverty and social inequality, strengthening social and economic resilience, and boosting economic growth. ...