MARKET WATCH
After continuous gains that started early last week, the CSX index reached 645.37 points Tuesday – a high point for 2021.
Category: Business
China, Indonesia boost cooperation on cyber security and technology
China and Indonesia sign MoU on developing capacity building of internet security.
Cambodia’s Kampot Pepper: First Geographical Indication via Lisbon Agreement’s Geneva Act
Cambodia has recorded Kampot Pepper as the first geographical indication (GI) registered via the Geneva Act of WIPO’s Lisbon System, which provides protection for names identifying the geographic origin of products such as coffee, tea, cheese, wine, pottery, and cloth.
A $7.8 million garment factory project approved by CDC
Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province.
Recovery to be driven by three principles
Official: Gov’t’s principles in 2021-2023 will be towards survival, reform and resilience.
2020 international airport arrivals down dramatically
Cambodia’s three international airports welcomed 2.13 million passengers in 2020.
China’s 2020 growth beats expectations
Most markets fell yesterday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China’s economy grew more than expected last year.
Ministry studies how best to boost exports under China deal
Research is under way on products to be imported and exported under CC-FTA.
Domestic vanilla planting taking root
Products grown included cassava, mangoes, bananas and peppers among many other agro-products.
Cambodia and South Korea trade valued at $884 million
The bilateral trade with South Korea is of a year-on-year decrease of 14 percent.
Blossoming house plant market sees a flowering in growth
House-plant market is undergoing new growth as result of several contributing factors.
MARKET WATCH
The CSX kicked off the trading week with the exchange reporting a slight decrease, ending the session at 638.91 points.
Uy Kuyteav second franchise scheduled to open
Uy Kuyteav, Cambodian Master Chef Luu Meng’s venture to promote ‘Phnom Penh Noodles’ has announced that it will open a second franchise in April.
Japan to assist in Cambodian customs clearance automation
The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.
Ministry revamps self-assessment tax regime classifications
The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime.
New bag factory is latest project approved by CDC
A $2.4 million project for the construction of a factory producing handbags has been approved by the Council for the Development of Cambodia (CDC), another positive investment announcement amid the pandemic.
Kep province to become ‘relaxation and high-end tourist destination’
Four tourism poles and 251 development projects have been added to the newly completed master plan draft for tourism development in Kep province. It is slated for implementation through 2030.
MARKET WATCH
The CSX index finished last week up by 0.05 percent, closing at 638.94 points.
Indonesia asked to share vegetable oil experience
Cambodia has asked Indonesia to share experience on vegetable oil development.
Britain seeks to intensify dialogue with Cambodia
Khmer Times’ reporter Jason Boken speaks to Tina Redshaw, the British ambassador to the Kingdom, on climate change, education, trade and future developments between the two nations.
“Futures is GREEN” event a showcase for local eco craftmanship
Cambodian businesses and organisations are coming together to celebrate local and eco-conscious business this Saturday, January 16th at an event called “Futures is GREEN”.
Sales of Park Land 6A residential project commence Jan 22
Chip Mong Land have announced that sales of its Park Land 6A residential project will begin on January 22, 2021.
Another new investment project approved by CDC
A $2.4 million bag factory project has recently obtained green light from CDC.
Rent reductions increasingly possible for smaller firms
SMEs have taken a slight upper hand in the negotiation of commercial rental prices.
Rubber production to receive multi-agency effort to improve
An MoU to build a multi-agency partnership for sustainable rubber supply chains.
Prince Bank: Multiple awards pave the way for an aspiring industry leader
Prince Bank is on the right track as it seeks to become the industry leader in Cambodia.
‘Robust’ new cassava policy aims to diversify farming and boost exports
The launch of Cambodia’s National Cassava Policy 2020-2025 delivers new energy.
Four solar power stations coming online
Additional renewable energy to come from four new stations scheduled early this year.
Multi-billion $ global vegan market sprouting roots in Cambodia
A viral vegan meme says, how do you know if a person is vegan? They’ll tell you.
Chinese White Paper lists Cambodian investments
Cambodia featured heavily in China’s newly released “New Era” document.
