Tuesday, November 24, 2020
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Cambodia-US trade remains strong despite COVID-19

Two-way trade between Cambodia and the United States (US) has remained strong even during the COVID-19 pandemic.

Foreign visitors to Cambodia’s UNESCO-recognised Angkor drop sharply

Cambodia's famed Angkor Archeological Park received 398,485 international visitors during the first 10 months of this year, down 78 percent year-on-year, said a press statement released to media on November 2.

Cambodia’s rice exports up 17 percent in 10 months

Figures from the Ministry of Agriculture, Forestry and Fisheries show that Cambodia shipped 174,391 tonnes of milled rice to European countries, up 32 percent, and 194,441 tonnes others to the Chinese market, up 36 percent.

Floods in Cambodia claim 40 lives

Cambodia’s National Committee for Disaster Management (NCDM) reported that the ongoing flash floods have so far killed 40 people.

Death toll from flooding in Cambodia rises to 39

The Cambodian National Committee for Disaster Management (NCDM) has reported that the ongoing floods have so far killed 39 people, with 22 in Banteay Meanchey province.

Floods kill 36 people in Cambodia

Cambodian Prime Minister Hun Sen confirmed on October 22 morning that severe flooding has claimed 36 lives, with Banteay Meanchey province being hardest hit with 19 fatalities.

Int’l tourists to Cambodia’s Angkor expected to rebound from 2021

Cambodia predicted that international visitors to its famous Angkor Archeological Park will start to rebound gradually from next year if COVID-19 vaccines are available, a spokesman of the Ministry of Tourism has said.

Flooding forces 40 garment factories to suspend operations

Seventy-nine garment factories in Kampong Speu and Kandal provinces and Phnom Penh have been affected by flooding, and at least 40 of them have temporarily suspended their operations, the Phnom Penh Post quoted the Ministry of Labour and Vocational Training spokesman Heng Sour as saying.

IMF: Cambodia to be fastest-growing economy in ASEAN by 2025

The International Monetary Fund (IMF) has projected that Cambodia will be the third-fastest growing economy in ASEAN next year and fastest growing economy in the region by 2025.

Cambodia’s fisheries export slump by over 84 pct

Cambodia’s fisheries export slumped by over 84 percent during January-September, according to the Cambodian Ministry of Agriculture, Forestry and Fisheries.

Cambodia’s poverty rate to double to 17.6 pct due to COVID-19: UNDP

Cambodia’s poverty rate could nearly double to 17.6 percent and unemployment could rise to 4.8 percent, according to a policy brief that assesses the socio-economic impact of COVID-19 in Cambodia released by the UN Development Programme (UNDP) on October 8.

Thailand, Cambodia cooperate in mitigating COVID-19 impacts

Thailand and Cambodia have reaffirmed their commitment to working closely to mitigate impacts of the COVID-19 pandemic through various bilateral cooperation projects, such as those concerning public health along their border areas.

Cambodia’s banana exports surge thanks to increasing demand from China

Cambodia exported more than 235,000 tonnes of fresh yellow bananas in the first nine months of 2020, up 225 percent year on year, according to a report by the country's Ministry of Agriculture, Forestry and Fisheries.

Cambodia suggests pushing back deadline for completion of SDGs

Cambodian Prime Minister Samdech Techo Hun Sen has suggested that the deadline of 2030 to achieve the goals of sustainable development (SDGs) might need to be reset because the progress of the agenda has been affected by the outbreak of the COVID-19 pandemic.

Revenue of tickets to Angkor Wat sees 75 pct drop

Cambodia earned 18.45 million USD in revenue from the sale of tickets at Angkor Archaeological Park in the first nine months of 2020, a 75 percent decrease year-on-year due to impact of the COVID-19 pandemic, according to the Angkor Enterprise.

Cambodia launches FTA negotiation with Mongolia

Preparation for negotiations on a free trade agreement (FTA) between Cambodia and Mongolia has been kick-started in the first inter-ministerial meeting engaging the working group tasked for the negotiations, Cambodia's news agency AKP reported on October 1.

Cambodia wins rice battle at EU Court

The European General Court has rejected the European Commission’s (EC) request to reject a complaint submitted by Cambodia and the Cambodian Rice Federation (CRF) regarding the EU’s reintroduction of tariffs on Indica rice exports from Cambodia, according to the Phnom Penh Post.

Cambodia to export beef to China for first time

Cambodia is preparing for its first shipment of beef to the Chinese market, according to the Cambodian Ministry of Agriculture, Forestry and Fisheries (MAFF).

WB forecasts uncertain economic outlook for Cambodia

The World Bank East Asia and Pacific Economic Update October 2020, released on September 29, forecast the Cambodian economy will contract 2 percent this year.

MWG’s Bluetronics to reach triple the size of largest competitor in Cambodia

Bluetronics – Mobile World Investment Corporation (MWG)’s household electronic appliance chain in Cambodia, similar to the Dien may Xanh chain in Vietnam – will celebrate its 20th store by the end of September to then start gunning for 50 stores before the year is out.