Economy and commerce
Cambodia and China sign protocol of Phytosanitary requirements for fresh coconut export
Cambodia and China have recently signed a protocol of phytosanitary requirements to export fresh coconuts from Cambodia to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363745/cambodia-and-china-sign-protocol-of-phytosanitary-requirements-for-fresh-coconut-export/
E-commerce tax earnings hit $52.2M in first 8 months
Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia. ...
Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-tax-earnings-hit-522m-first-8-months
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Complaint advances against investor Oikocredit for role in microfinance sector’s abuses
A Dutch government watchdog group accepted a complaint last Friday alleging that social investor Oikocredit contributed to abuses in Cambodia’s microfinance sector. ...
Sluggish industry growth affects Cambodia’s economic outlook as improved tourism recovery expected to boost Cambodian exports
The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...
Khmer Times Staff
https://www.khmertimeskh.com/501363717/sluggish-industry-growth-affects-cambodias-economic-outlook-as-improved-tourism-recovery-expected-to-boost-cambodian-exports/
Turkish delegation to arrive next week
A high-level delegation from Turkiye is set to visit Phnom Penh for an official visit, aimed at strengthening ties between the two countries, particularly in the area of trade. Their arrival is expected next week, although no exact date has been specified. ...
Van Socheata
https://www.phnompenhpost.com/national/turkish-delegation-arrive-next-week
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia’s garment sector struggles with external headwinds: AMRO
Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363482/cambodias-garment-sector-struggles-with-external-headwinds-amro/
Fresh Cambodian coconuts, Venezuelan avocados approved to enter China
Chinese customs authorized imports of fresh coconuts from Cambodia and fresh avocados from Venezuela starting on Monday, according to a notice by China’s General Administration of Customs (GAC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501363495/fresh-cambodian-coconuts-venezuelan-avocados-approved-to-enter-china/
Cambodia plans to increase export of milled rice to China by 20%
Cambodia is planning to increase its milled rice exports to China by 20 percent, Prime Minister Hun Manet said yesterday dismissing critics who are sceptical about the increasing bilateral trade ties between both nations. ...
Nhean Chamrong
https://www.khmertimeskh.com/501363031/cambodia-plans-to-increase-export-of-milled-rice-to-china-by-20/
PM’s US trip aims to attract investors
Prime Minister Hun Manet will travel to the US this week and the visit is expected to attract more American investors and businessmen to Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501363030/pms-us-trip-aims-to-attract-investors/
NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”
Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Cambodia and China sign 15 MoUs and pledge mutual support
During Prime Minister Hun Manet’s first official visit to Beijing, the two nations signed 15 Memorandums of Understanding (MoU) as part of a mutual pledge to further strengthen bilateral ties. ...
Prak Chan Thul
https://kiripost.com/stories/cambodia-and-china-sign-15-mous-and-pledge-mutual-support
Capital Gains Tax takes effect Jan 1, 2024 onwards
After being postponed three times, the Capital Gains Tax (CGT) will be implemented starting Jan 1, 2024, said Kong Vibol, director-general of the General Department of Taxation (GDT) on September 15. ...
: Chhorn Raksmey
https://kiripost.com/stories/capital-gains-tax-takes-effect-jan-1-2024-onwards
Financial stability linked to monetary policy, says Chea Serey
The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501362332/financial-stability-linked-to-monetary-policy-says-chea-serey/
Cambodia continues selling US dollars to stabilise exchange rates
The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support ...
Khmer Times Staff
https://www.khmertimeskh.com/501363489/cambodia-continues-selling-us-dollars-to-stabilise-exchange-rates/
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Cashew exports to Vietnam decline 16%, says CAC
Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501361913/cashew-exports-to-vietnam-decline-16-says-cac/
Cambodian PM says RCEP will help regional economic integration
Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet attended the third RCEP Economic and Trade Cooperation Business Summit under theme of “Integrating into RCEP’s More Open Market and Promoting Win-Win Asia-Pacific Cooperation” in Nanning, China’s Guangxi Zhuang Autonomous Region yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362044/cambodian-pm-says-rcep-will-help-regional-economic-integration/
Kingdom-Philippines trade to cross $100 million this year
Trade between Cambodia and the Philippines is poised to cross the $100 million mark this year too as the economic ties between the two ASEAN Member States are growing stronger. ...
Manoj Mathew
https://www.khmertimeskh.com/501361715/kingdom-philippines-trade-to-cross-100-million-this-year/
China ready to bolster Belt and Road cooperation, Cambodia benefits immensely
Premier Li Qiang stressed China’s readiness to bolster Belt and Road cooperation and uphold the centrality of the Association of Southeast Asian Nations in regional affairs during separate meetings with leaders of Laos, Vietnam, Indonesia and Malaysia over the weekend. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362710/china-ready-to-bolster-belt-and-road-cooperation-cambodia-benefits-immensely/
China, ASEAN eye closer ties as expo, summit opens
Premier Li Qiang reaffirmed on Sunday Beijing’s commitment to a neighborhood policy of amity, sincerity, mutual benefit, and inclusiveness in bolstering ties with the Association of Southeast Asian Nations, calling for a closer bond of interests between China and the 10-nation regional group. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362741/china-asean-eye-closer-ties-as-expo-summit-opens/
Victims of tycoon’s alleged land fraud turn to child Labor and migration to repay debt
Like many of her neighbors in Kampong Cham, Seang Sinath borrowed tens of thousands of dollars to invest in a tycoon’s land scheme, falling into overindebtedness when the company stopped paying her back. ...
Sovann Sreypich
https://cambojanews.com/victims-of-tycoons-alleged-land-fraud-turn-to-child-labor-and-migration-to-repay-debt/