The launch of nine new commercial developments in 2022 has brought the total retail space in Phnom Penh to more than 613,000sqm, according to real estate firm CBRE Cambodia, in a feat that has been attributed to effective Covid-19 management and the relatively early reopening of the country in November 2021. The new establishments added more than 200,000sqm of retail space in the capital, marking a 179 per cent increase in area versus the seven projects totalling over 73,000sqm that were completed and put on the market in 2019, CBRE Cambodia said in a report published last week. However, the…
Author: Hin Pisei
The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit seven new projects worth over $81 million, all in the manufacturing industry: five involved in textiles and two in light bulbs. Including the two projects covered in the latest notice on January 16, the CDC – the government’s highest decision-making body for large-scale investments – indicates that the seven ventures will create an estimated 12,173 new jobs. Technomate (Cambodia) Technology Co Ltd’s factory will produce LED, string and solar lights as well as plastics and repair tools, while Technomate (Cambodia) Precision Metal Co Ltd’s…
News of negotiations for the official export of Cambodian “edible bird’s nests” to China has spurred the construction of a flurry of new specialised cave-like buildings in the past couple of years, which are designed to attract swiftlets and encourage them to nest there, producing a sticky saliva used to make the commodity. However, legitimate stakeholders warn that progress on talks and potential export opportunities for edible bird’s nests could be undermined by the relatively low number of these swiftlet homes that are properly registered – many of them citing quality control issues. Consumed for its perceived health and wellbeing…
The bilateral merchandise trade volume between Cambodia and Japan totalled $1.948 billion in 2022, rising by 12.33 per cent over a year earlier, with Cambodian exports accounting for a 60.22 per cent share, down by 2.85 percentage points on a yearly basis, according to the General Department of Customs and Excise (GDCE). Last year, Cambodian goods exports to and imports from Japan amounted to $1.173 billion and $774.989 million, respectively, up 7.26 per cent and 21.0 per cent year-on-year, narrowing the Kingdom’s trade surplus with the archipelago nation by 12.15 per cent to $398.041 million versus $453.116 million in 2021.…
An upcoming key meeting between prominent members of the Cambodian and Maldivian business communities is expected to open up greater trade and tourism opportunities between the two countries. The January 16 Cambodia-Maldives Business Forum is scheduled for the second day of Prime Minister Hun Sen’s three-day official visit to the archipelago nation, accompanied by senior members of the Cambodia Chamber of Commerce (CCC) – the Kingdom’s apex trade body. The CCC confirmed in a January 15 statement that its delegation to the Maldives is headed by its president Kith Meng, and that it would organise the forum in collaboration with…
Cambodia netted $531.864 million from the export of rubber latex and wood in 2022, down 12.85 per cent over 2021, according to the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber (GDR). Cambodia’s international sales of rubber latex came to 372,900 tonnes worth $527.775 million, which was up 6,600 tonnes year-on-year, while those of rubber wood totalled 26,489 cubic metres valued at $4.089 million, the GDR reported. Speaking to The Post on January 15, GDR head Him Aun pointed out that the overall export value had slipped by over an eighth on-year despite the slight increases in terms…
Cambodia’s adoption of a “Living with Covid-19” stance in the fourth quarter of 2021, coupled with effective pandemic management, has been hailed as perhaps the most significant driver of an all-round brisk recovery in socio-economic activity, including in the air transportation sector. For the most part, industry players do not merely focus on moving passengers through the skies, but also ensure that parcels and freight are expertly handled and delivered to their onward or final destinations in the best condition possible, whether domestically or abroad. State Secretariat of Civil Aviation (SSCA) undersecretary of state and spokesman Sin Chansereyvutha recently sat…
Cambodia has asked Ankara to talk Turkish airlines into launching direct commercial flights to the Kingdom as soon as possible, postulating that the move would unlock great benefits in trade, investment and tourism between the two countries. The request came during a January 12 business roundtable held at the Cambodia Chamber of Commerce (CCC) – the Kingdom’s apex trade body – on the occasion of the two-day third Cambodia-Turkey Joint Economic Commission (JEC) meeting in Phnom Penh concluded a day earlier. Speaking to The Post following the roundtable, Minister of Commerce Pan Sorasak said direct flights would greatly promote public…
Mainland China once again emerged as Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion – up 4.39 per cent over 2021 – of which Chinese exports to the Kingdom accounted for a staggering 89.38 per cent share, up 2.87 percentage points on a yearly basis, according to the General Department of Customs and Excise (GDCE). This market represented 22.29 per cent of Cambodia’s total international merchandise trade for the year, which was to the tune of $52.425 billion. The Chinese mainland was the largest exporter to Cambodia, with a 34.89 per cent market share, or…
Cambodia’s total merchandise exports reached $22.483 billion in 2022, rising by 16.44 per cent over 2020, narrowing its international trade deficit by 20.60 per cent to $7.459 billion, according to the General Department of Customs and Excise (GDCE). The 2022 international merchandise trade came in at $52.425 billion, up 9.19 per cent on a yearly basis, with imports accounting for $29.942 billion, up 4.32 per cent. GDCE figures show that exports have increased each year since at least 2016 – 16.71 per cent in 2016, 13.01 per cent in 2017, 12.54 per cent in 2018, 16.79 per cent in 2019,…