Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce.
Ly Hour Pay Pro Plc, a subsidiary of Ly Hour Group, is keen to integrate its digital payment solutions into the Ministry of Commerce’s CambodiaTrade e-marketplace, the ministry said in a press release on July 28.
The official Cambodian consumer price index (CPI) remained at relatively low levels in the first half of 2021, which the government and economic observers insist is still manageable and expected to accelerate later in the year on the back of rising global oil prices.
The Council for the Development of Cambodia (CDC) last week approved final registration certificates for six investment projects worth over $58 million that are expected to generate 8,535 new jobs.
Six main types of e-commerce businesses are exempt from registration requirements at the Ministry of Commerce, ministry spokesman Pen Sovicheat told The Post on July 27.
A technical working group – set up to gather and provide input and guidance on the customs and industrial concerns blighting the private-sector non-garment export landscape – has raised a series of issues for the government to resolve, pertaining to restrictions on goods traded via international land borders instituted domestically and abroad as preventive measures against Covid-19.
Sino-Cambodian economic and trade ties remain healthy, thanks to deepening cooperation between the two Asian nations, according to the Chinese ambassador.
The National Bank of Cambodia (NBC) has announced the launch of an online test of the Macroeconomic Surveillance Database System (MSDS) to monitor the macroeconomic and financial situation of the Kingdom and provide meaningful data for analysis, to be implemented with the technical assistance of the Asian Development Bank (ADB).
The global economic recovery will be conducive to Cambodia's external sector – especially exports and investment, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the seeds of an eventual rebound in tourism, according to the central bank chief.
The Ministry of Commerce on July 20 issued a clarification concerning the determination of market prices and rules related to the import and export of goods, stressing that it does not dictate what goods circulate on the Cambodian market.