News

Cambodia, Japan bilateral trade reaches $1B in first half

Bilateral trade between Cambodia and Japan reached more than $1 billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). Cambodia’s exports to Japan in the first half of this year grew ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half

Cambodia, Sri Lanka relations strengthened with Sirisena visit

At a bilateral meeting in Phnom Penh last week, Cambodia and Sri Lanka reaffirmed their commitment to strengthen bilateral relations and regional partnerships aimed at bringing peace and stability to the two nations and the world. ...

Ry Sochan
https://www.phnompenhpost.com/national/cambodia-sri-lanka-relations-strengthened-sirisena-visit

‘Focusing on fragrant rice will help meet export target to Indonesia’

Cambodia can meet its 100,000 tonne annual export target to Indonesia if more focus is placed on fragrant rice, exporters have said. In 2012, Cambodia signed a memorandum of understanding (MoU) to export 100,000 tonnes of rice to Indonesia annually, but the target was never ...

Hin Pisei
https://www.phnompenhpost.com/business/focusing-fragrant-rice-will-help-meet-export-target-indonesia

China steel company relocates to Cambodia

Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday ...

Hor Kimsay
https://www.phnompenhpost.com/business/china-steel-company-relocates-cambodia

GDT requires tax invoice amounts shown in local riel

The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...

Hor Kimsay
https://www.phnompenhpost.com/business/gdt-requires-tax-invoice-amounts-shown-local-riel

Number of factory openings up last year

Last year saw a notable increase in the number of factory openings, with 178 new plants coming online, 28 more than in 2017, according to the Ministry of Industry and Handicrafts. ...

Chea Vannak
https://www.khmertimeskh.com/50569629/number-of-factory-openings-up-last-year/

Cambodia faces ‘negative impacts’ if EBA suspended

The European Chamber of Commerce in Cambodia (EuroCham) expressed its “serious concerns” on Monday over the “long-term negative impacts” of the EU removing the Kingdom’s access to the preferential Everything But Arms (EBA} agreement. It also expressed “hope that a dialogue can be implemented to ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cambodia-faces-negative-impacts-if-eba-suspended

Boao Forum to further bolster Cambodia-China relations

The Boao Forum for Asia-Phnom Penh Conference brought together this week Chinese and Cambodian leading business ​people and politicians to discuss economic ties between the countries and promote inter-regional economic cooperation. ...

Sok Chan
https://www.khmertimeskh.com/50537483/boao-forum-to-further-bolster-cambodia-china-relations/

Chinese, local firms sign agricultural deals worth $526M

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 ...

Post Staff
http://www.phnompenhpost.com/business/chinese-local-firms-sign-agricultural-deals-worth-526m

Agriculture Ministry to request lower electricity costs for farmers

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 ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/agriculture-ministry-request-lower-electricity-costs-farmers

Exports rose 19 percent: Commerce Ministry

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 ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/exports-rose-19-percent-commerce-ministry

Government order to display prices in riel currency fails to stick

A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-order-display-prices-riel-currency-fails-stick

Battambang to get second international border crossing

Authorities will open a new international border checkpoint in Battambang’s Sampov Lun district, connecting with Thailand’s Sa Kaeo province, early next month. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/battambang-get-second-international-border-crossing

Decree puts riel prices into focus

The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency. ...

Hor Kimsay
http://www.phnompenhpost.com/business/decree-puts-riel-prices-focus

Traders urged to use riel

In an effort to boost the use of the riel, private companies have called on the National Bank of Cambodia (NBC) to ensure that all goods worth less than $100 are priced in riel. ...

Sok Chan
http://www.khmertimeskh.com/news/36683/traders-urged-to-use-riel/

Chamber of commerce expands

A new sub-decree to allow the Cambodia Chamber of Commerce to represent the business sector overseas, will come into force next year after Prime Minister Hun Sen signs the draft into law soon, according to a Commerce Ministry official. Soeng Sophary, the ministry’s spokesperson, said the ...

Sok Chan
http://www.khmertimeskh.com/news/33044/chamber-of-commerce-expands/

Low marks for Cambodia’s efforts to combat illicit trade

Cambodia ranked third-worst for illicit trade out of 17 countries in the Asia-Pacific region in a recently released index by the Economist Intelligence Unit (EIU) that analysed governments’ abilities to combat illegal trade operations.​ ...

Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/low-marks-cambodias-efforts-combat-illicit-trade

Plans for US resort

A large US-based international hotels and resorts group plans to invest close to $120 million in a multi-resort development project in Preah Sihanouk province. ...

Sum Manet
http://www.khmertimeskh.com/news/27906/plans-for-us-resort/

ELC plantation land: use it – or lose it

One decade ago, villagers celebrated when a 10,000 hectare Economic Land Concession here was awarded to a prominent Phnom Penh tycoon. ...

Ven Rathavong and Ros Chanveasna
http://www.khmertimeskh.com/news/13247/elc-plantation-land--use-it-----or-lose-it/

Minister says Cambodia Chamber of Commerce lagging behind

The Minister of Industry and Handicrafts on Monday said the Cambodia Chamber of Commerce (CCC), the country’s most prominent private-sector lobbying group, should be doing more for the country’s entrepreneurs. “Honestly, even though the Cambodia Chamber of Commerce has more resources, it has not provided ...

Kang Sothear
http://www.cambodiadaily.com/business/minister-says-cambodia-chamber-of-commerce-lagging-behind-71129/

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