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Share Gov’t relaxes Covid-19 rules for industrial sector Wed, 21 July 2021 The government gave the nod to a handful of requests from the private sector to mitigate some of the consequences of Covid-19 control measures felt at factories and manufacturing enterprises. From June 11-16, four business associations independently submitted letters to the government appealing for reprieve from some of the strictest restrictions provided by the Action Plan on Measures to Control Covid-19 at Factories and Enterprises in Phnom Penh, handled by the municipal administration. These were the Garment Manuf...

With the prevailing Covid-19 situation and prolonged international trade tensions, Cambodia’s growth outlook remains uncertain.

With economic uncertainty brought about by the spread of Covid-19 pandemic, the Kingdom’s 2021 business confidence index fell to 46.1 per cent from 52.9 per cent in 2019, according to the European Chamber of Commerce in Cambodia (EuroCham). On the other hand, businesses are optimistic about future economic recovery as 56 per cent plan to invest further in the Kingdom over the next 12 months, the trade body said in its Business Confidence Survey 2021: In the Time of Covid-19. Conducted from November 26 to January 11 with responses from over 350 businesses in EuroCham’s ranks, the survey sa...

Share Cambodian exports to the US were to the tune of $6.5777 billion in 2020, up by 22.79 per cent from the $5.3568 billion posted in 2019, while imports clocked in at $343.6 million, down by 33.15 per cent from $514 million, according to data from the US Census Bureau. Heng Chivoan Cambodian exports to US soar 17% in Q1 Tue, 18 May 2021 The Kingdom’s total goods exports to the US, the world’s largest economy in nominal terms, sharply increased in the first quarter of the year to attain nearly $1.863 billion, even amid production stoppages and other Covid woes. This was 16.84 per cent hi...

Share A woman sells vegetable on a pavement in Phnom Penh’s Por Sen Chey district. Hean Rangsey The pandemic so far – Taking stock of economic losses, starting with the garment sector Fri, 7 May 2021 The latest wave is sweeping through the Kingdom’s society and key economic sectors, thwarting growth just as it was on recovery mode "We are still evaluating [economic losses],” was the brief yet grim answer Meas Soksensan, Ministry of Economy and Finance (MEF) spokesman offered as anxiety gripped key economic sectors in the latest wave of Covid-19 infections. As of May 6, 114 people had ...