Cambodia exported 169,658 tonnes of fresh and dried mangoes in the first 11 months of 2022, down 30.28 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries. Of this, fresh and dried mangoes respectively accounted for 152,994.68 tonnes and 16,663.5 tonnes, down 32.5 per cent and 0.68 per cent from the 226,577.71 tonnes and 16,777.82 tonnes recorded in the same time of 2021. Buyers of fresh Cambodian mangoes for the period included Vietnam, Thailand, mainland China, South Korea, Hong Kong and Austria, the ministry reported, listing import markets for the dried fruit as: mainland China, Thailand, the…
Author: Hin Pisei
With the third Cambodia-Turkey Joint Economic Commission (JEC) meeting approaching, local business players and observers are contemplating the export and investment opportunities within the transcontinental nation, which is seen as a strategically-placed gateway for domestic firms to penetrate into EU and other nearby markets. In preparation, the Ministry of Commerce on January 5 led a key discussion to fine-tune the agenda for the JEC meeting – to be held in Phnom Penh on January 10-11. The gathering focused on how to best benefit from Cambodia-Turkey bilateral relations, in line with the post-Covid-19 economic recoveries of both nations, according to a…
The seventh edition of the annual River Festival is set to be held from March 8-10 this year in Kampong Thom after a two-year Covid-19 hiatus, presided over by Prime Minister Hun Sen, which pundits say will throw the spotlight on the province’s tourism endowments. Motivated by improved control of the epidemiological situation, the government moved ahead to hold the festival this year, in Stung Sen town along the namesake river, with the possibility of extension into March 11-12 which fall on Saturday and Sunday, Minister of Tourism Thong Khon affirmed, according to a statement by his ministry. The minister…
Senior officials and travel industry players are eager to draw in mainland Chinese visitors to Cambodia after Beijing on January 8 reopened to inbound and outbound tourism, scaling back Covid-19 entry and exit restrictions. Beijing’s move comes amid concerns that spiralling coronavirus infections in China following the dismantling of its “dynamic zero-Covid” regime could be driving the emergence of new and potentially more dangerous variants of the pathogen. Minister of Tourism Thong Khon affirmed to local media on January 6 that Cambodia is “ready” to welcome back mainland Chinese visitors, presenting an estimate for the 2023 total at about “one…
A total of 287,454 standard tickets for Siem Reap province’s Angkor Archaeological Park were sold to foreign visitors in 2022 amounting to $11.528 million, available in one-day, three-day and seven-day passes, Angkor Enterprise reported. This marks 2,133 per cent and 2,083 per cent year-on-year increases in terms of number and value of tickets sold, but 88.90 per cent and 90.12 per cent drops from the 2.591 million tickets worth $116.647 million logged in record-breaking 2018, according to statistics from the state-owned enterprise in charge of Angkor income management. The Angkor Enterprise website currently displays the prices of one-day, three-day and…
Cambodia exported 637,004 tonnes of milled rice in 2022 – up 3.23 per cent year-on-year – of which 45.34 per cent went to mainland China, Hong Kong or Macau, according to a new report from the Cambodia Rice Federation (CRF), the Kingdom’s apex rice industry body. Broken down by variety, premium aromatic rice represented the lion’s share at 277,739 tonnes, followed by Sen Kra’op fragrant (179,070 tonnes), white (153,428 tonnes), parboiled (15,781 tonnes), organic (10,963 tonnes) and glutinous (23 tonnes). A total of 61 exporters shipped the milled rice to 59 jurisdictions, with the mainland China, Hong Kong and Macau…
A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. These plans were discussed during a January 2 meeting between CDC secretary-general Sok Chenda Sophea and company representatives, who mentioned that the plant would also supply “world-renowned brands” with locally-made items, according to a statement issued by the council, the government’s highest decision-making body for large-scale investments. “The company’s decision was based on the premise that Cambodia has a long-standing culture and…
The economic knock-on effects of the Covid-19 crisis, Ukraine conflict, trade and geopolitical friction among major powers, and a range of other global challenges are jeopardising Cambodia’s pursuit of an attractive electricity ecosystem for investors. International oil prices have been exceptionally turbulent in the past couple of years, sending prices soaring across the world for fuel and electricity, which local observers emphasise must be kept comparatively low, as a chief motivator behind decisions to invest in any jurisdiction. In a recent interview with The Post, Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) president Te Taingpor commented…
Cambodia will not follow in other countries’ footsteps in imposing any additional restrictions towards arrivals from mainland China, amid concerns that soaring Covid-19 cases there could drive the emergence of new and potentially more dangerous variants of the novel coronavirus, Prime Minister Hun Sen affirmed on January 2. This comes as China moves to reopen to inbound and outbound tourism on January 8, while the Kingdom plans to capture pent-up travel demand, welcoming an estimated two million mainland Chinese visitors this year, according to the premier. This would come near the all-time annual record of almost 2.362 million tallied in…
The customs and tax agencies collected $6.145 billion in revenues last year, surpassing the annual target and marking a significant recovery following Covid-19-driven declines, according to Prime Minister Hun Sen on January 2. The premier was speaking at a groundbreaking ceremony for a Mekong River bridge and connecting road in Kratie province. He revealed that the General Department of Taxation (GDT) and General Department of Customs and Excise (GDCE) respectively collected $3.455 billion and $2.690 billion last year, passing their targets by 22.54 per cent and 4.94 per cent, as set in the Law on Financial Management for 2022. For…