Digital transformation ‘new growth engine’ for Kingdom
With the rise of Industry 4.0, digital transformation will be the new growth engine that Cambodia needs to realise its long-term vision of becoming a high-income country, an economic expert said on Tuesday. Speaking at the 13th annual outlook conference, which was organised by Cambodia ...
Firms eye Kingdom as tariffs mount on factories in China
The Kingdom is becoming more attractive than ever for fashion companies that are looking to diversify their supply chains in response to the escalating trade war between the US and China, industry experts say. ...
Exports to US see 26% growth
Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections. This stands in stark contrast to last year when export growth to the US was in single digits. ...
Kingdom exports to Japan regain double-digit growth
The Kingdom’s exports to Japan rebounded in the first half of the year, jumping from single-digit growth last year to 19 per cent, new figures from the Japanese External Trade Organization (Jetro) showed. During the first half of last year, Cambodian exports to Japan grew ...
Inflow of FDI up in first half
The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...
Domestic energy boost reduces reliance on imports
Cambodia’s domestic electricity production grew significantly in 2015, helping to reduce the Kingdom’s reliance on imported energy, the national electricity regulator said in its newly released annual report. ...
Matthieu de Gaudemar
Thailand’s Amata eyes Cambodia
Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...
Xi’s visit to boost farm exports
Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday. Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...
AIIB urged to fast-track loans
Cambodia’s Minister of Economy and Finance last week made a request to a visiting senior official from the Asian Infrastructure Investment Bank (AIIB) to speed up loan approvals for least development countries (LDCs) in order to spur infrastructure development. Aun Pormoniroth made the request to AIIB ...
Panalpina comes to Cambodia
Switzerland-based Panalpina Group, the world’s leading provider of forwarding and logistics services, specializing in intercontinental air and ocean freight and associated supply chain management solutions, officially opened its own office in Cambodia yesterday. ...
Loan for silos in limbo
There seems to be no definite period of when a $300 million loan from the Chinese government, to build large silos to store rice for milling, will be disbursed to the Cambodian government. ...
Financial literacy in schools
Financial literacy, for students to make effective and informed money management decisions, will now be in the general education curriculum due to joint efforts by the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport (MoEYS). ...
Road 5 to be Asean road
National Road 5 which connects Phnom Penh to the border with Thailand at Banteay Meanchey will soon be expanded to strengthen Asean’s trade connectivity between Cambodia, Thailand and Vietnam. Prime Minister Hun Sen said yesterday assistance from the Japanese government to improve National Road 5 will ...
Free vehicle movement
Cambodia, among the six Greater Mekong Subregion (GMS) countries, has agreed to allow commercial trucks and tourist buses to travel more freely from country to country starting December 1, following lengthy talks, according to a report in the Bangkok Post. ...
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...
Hor Kimsay and Cheng Sokhorng
Minister wants access to Thai port
The commerce minister has once again called on Thailand to consider giving access to Cambodian agricultural products to transit to the Thai port of Laem Chabang before being exported to a third country. The minister also called for a memorandum of understanding (MoU) to be signed ...
WB help sought for logistics
Cambodia has asked the World Bank to assist in the development of the terms of reference for its planned National Logistics Committee, a move that is hoped to improve the transportation sector and reduce costs for exporters. ...
New checkpoints on Lao border
More border checkpoints will be opened between Cambodia and Laos after both countries agreed to increase bilateral trade yesterday. The decision came after a meeting in Phnom Penh between Prime Minister Hun Sen and his Lao counterpart Thongloung Sisoulith after a series of talks related ...
One-stop commodity distribution center
Cambodia is seeking a loan from China to set up a common commodity distribution hub for exporters and importers to reduce production and logistics costs and raise the competitiveness of manufactured and agricultural products in the region. ...
Bilateral trade with Thailand declines
Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...
Logistics committee to be established
To help improve the logistics sector, the Ministry of Public Works and Transportation has announced it will set up the Logistics Committee, which will work to improve the flow of goods in the Kingdom. ...
Strikes, increased wages and electricity costs worry Japanese investors
Illegal strikes, the minimum wage and high electricity costs were the subjects discussed during the 13th annual meeting between Cambodia and Japan last week, according to the Council for Development of Cambodia (CDC). ...