News

Digital transformation ‘new growth engine’ for Kingdom

With the rise of Industry 4.0, digital transformation will be the new growth engine that Cambodia needs to realise its long-term vision of becoming a high-income country, an economic expert said on Tuesday. Speaking at the 13th annual outlook conference, which was organised by Cambodia ...

Hor Kimsay
https://www.phnompenhpost.com/business/digital-transformation-new-growth-engine-kingdom

Firms eye Kingdom as tariffs mount on factories in China

The Kingdom is becoming more attractive than ever for fashion companies that are looking to diversify their supply chains in response to the escalating trade war between the US and China, industry experts say. ...

Hor Kimsay
https://www.phnompenhpost.com/business/firms-eye-kingdom-tariffs-mount-factories-china

Exports to US see 26% growth

Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections. This stands in stark contrast to last year when export growth to the US was in single digits. ...

Hor Kimsay
https://www.phnompenhpost.com/business/exports-us-see-26-growth

Kingdom exports to Japan regain double-digit growth

The Kingdom’s exports to Japan rebounded in the first half of the year, jumping from single-digit growth last year to 19 per cent, new figures from the Japanese External Trade Organization (Jetro) showed. During the first half of last year, Cambodian exports to Japan grew ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-exports-japan-regain-double-digit-growth

Inflow of FDI up in first half

The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...

Hor Kimsay
https://www.phnompenhpost.com/business/inflow-fdi-first-half

Domestic energy boost reduces reliance on imports

Cambodia’s domestic electricity production grew significantly in 2015, helping to reduce the Kingdom’s reliance on imported energy, the national electricity regulator said in its newly released annual report. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/domestic-energy-boost-reduces-reliance-imports

Thailand’s Amata eyes Cambodia

Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...

Chea Vannak
http://www.khmertimeskh.com/news/30602/thailand---s-amata-eyes-cambodia/

Xi’s visit to boost farm exports

Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday.​ Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...

Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/

AIIB urged to fast-track loans

Cambodia’s Minister of Economy and Finance last week made a request to a visiting senior official from the Asian Infrastructure Investment Bank (AIIB) to speed up loan approvals for least development countries (LDCs) in order to spur infrastructure development. Aun Pormoniroth made the request to AIIB ...

May Kunmakara
http://www.khmertimeskh.com/news/28195/aiib-urged-to-fast-track-loans/

Panalpina comes to Cambodia

Switzerland-based Panalpina Group, the world’s leading provider of forwarding and logistics services, specializing in intercontinental air and ocean freight and associated supply chain management solutions, officially opened its own office in Cambodia yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/28198/panalpina-comes-to-cambodia/

Loan for silos in limbo

There seems to be no definite period of when a $300 million loan from the Chinese government, to build large silos to store rice for milling, will be disbursed to the Cambodian government. ...

Sum Manet
http://www.khmertimeskh.com/news/28139/loan-for-silos-in-limbo/

Financial literacy in schools

Financial literacy, for students to make effective and informed money management decisions, will now be in the general education curriculum due to joint efforts by the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport (MoEYS). ...

Sok Chan
http://www.khmertimeskh.com/news/27905/financial-literacy-in-schools/

Road 5 to be Asean road

National Road 5 which connects Phnom Penh to the border with Thailand at Banteay Meanchey will soon be expanded to strengthen Asean’s trade connectivity between Cambodia, Thailand and Vietnam. Prime Minister Hun Sen said yesterday assistance from the Japanese government to improve National Road 5 will ...

Chea Vannak
http://www.khmertimeskh.com/news/27532/road-5-to-be-asean-road/

Free vehicle movement

Cambodia, among the six Greater Mekong Subregion (GMS) countries, has agreed to allow commercial trucks and tourist buses to travel more freely from country to country starting December 1, following lengthy talks, according to a report in the Bangkok Post. ...

Sum Manet
http://www.khmertimeskh.com/news/27359/free-vehicle-movement/

Nearly 90% of garment factory jobs at risk of automation: ILO

Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo

Minister wants access to Thai port

The commerce minister has once again called on Thailand to consider giving access to Cambodian agricultural products to transit to the Thai port of Laem Chabang before being exported to a third country. The minister also called for a memorandum of understanding (MoU) to be signed ...

Sok Chan
http://www.khmertimeskh.com/news/27000/minister-wants-access-to-thai-port/

WB help sought for logistics

Cambodia has asked the World Bank to assist in the development of the terms of reference for its planned National Logistics Committee, a move that is hoped to improve the transportation sector and reduce costs for exporters. ...

May Kunmakara
http://www.khmertimeskh.com/news/26944/wb-help-sought-for-logistics/

New checkpoints on Lao border

More border checkpoints will be opened between Cambodia and Laos after both countries agreed to increase bilateral trade yesterday. The decision came after a meeting in Phnom Penh between Prime Minister Hun Sen and his Lao counterpart Thongloung Sisoulith after a series of talks related ...

Chea Vannak
http://www.khmertimeskh.com/news/26583/new-checkpoints-on-lao-border/

One-stop commodity distribution center

Cambodia is seeking a loan from China to set up a common commodity distribution hub for exporters and importers to reduce production and logistics costs and raise the competitiveness of manufactured and agricultural products in the region. ...

Sok Chan
http://www.khmertimeskh.com/news/25666/one-stop-commodity-distribution-center/

Bilateral trade with Thailand declines

Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

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