News

Industry 4.0: How Cambodia can build for the future

A conference was held at the UN Development Programme (UNDP) head office in Phnom Penh as well as over video conference to discuss a new report conducted by the UN and the Institute for Manufacturing Educational Consultancy Services (IfM ECS) within the University of Cambridge). ...

Jason Boken
https://www.khmertimeskh.com/50754083/industry-4-0-how-cambodia-can-build-for-the-future/

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 ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-exports-japan-regain-double-digit-growth

Government sends delegation to EU over preferential trade scheme

Officials from the Cambodian Ministry of Foreign Affairs (MFA) have embarked on a two-week mission to the European Union (EU) seeking to have the Kingdom’s tax-free trading preferences with the economic bloc extended, according to a press release on Thursday. ...

Hor Kimsay
https://www.phnompenhpost.com/business/government-sends-delegation-eu-over-preferential-trade-scheme

Cambodia’s economic freedom down slightly last year: report

Cambodia’s economic freedom score dropped seven ranks in the annual Economic Freedom Index released by the Heritage Foundation, a US-based, conservative-leaning think tank. The 0.8 point dip in the score from last year put Cambodia’s economy in the “Mostly Unfree” category, ranking 101 out of ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodias-economic-freedom-down-slightly-last-year-report

Industry 4.0: Executives on how ‘smart factories’ will impact Cambodia

The next industrial revolution will introduce “smart factories” in which computers and robotics communicating wirelessly will handle physical processes with very little input from human operators, leaving few job opportunities for unskilled workers, executives of German industrial giants said during a briefing in Phnom Penh ...

Robin Spiess
http://www.phnompenhpost.com/business/industry-40-executives-how-smart-factories-will-impact-cambodia

US dollar used to curb inflation

Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and ...

Hor Kimsay
http://www.phnompenhpost.com/business/us-dollar-used-curb-inflation

Government eyeing low-cost housing

An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...

Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing

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
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo

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. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

MEF sounds warning bell over credit growth risk

The Ministry of Economy and Finance has raised concerns about the rapid growth of credit and real estate sectors, which it says could pose risks to Cambodia’s economic growth, while emphasising that policy measures were being taken to mitigate these risks. ...

Ananth Baliga
http://www.phnompenhpost.com/business/mef-sounds-warning-bell-over-credit-growth-risk

Veggie farming to trim kingdom’s import bill

Government officials, economists and businesses discussed the implementation of a draft program to invigorate vegetable farming in the Kingdom and cut imports from neighbouring countries in half by 2018.   ...

Ayanna Runcie
http://www.phnompenhpost.com/business/veggie-farming-trim-kingdoms-import-bill

China holds $300 million in loan to Cambodia rice project

The government of China has put on hold a $300 million loan to a Cambodian rice project, aimed at developing storage and warehousing facilities in the country, as the government of Cambodia has not been able to meet the criteria set by the Chinese authorities, ...

Oryza News Staff
http://oryza.com/23369/china-holds-300-million-loan-cambodia-rice-project

Chinese loan for rice sector on hold

A project to build 10 warehouses to store rice paddy using Chinese funding has hit a roadblock, as the Cambodian government has been unable to meet criteria set by the Chinese for the project, according to an official associated with the project. ...

Sok Chan
http://www.phnompenhpost.com/business/chinese-loan-rice-sector-hold

Gov’t requests Chinese funding for rice warehouses

In a bid to stock 1.2 million tonnes of rice paddy, Cambodia has sent a draft memorandum of understanding to China asking the country for a $300 million loan to build more than 10 warehouses nationwide. The draft MoU was prepared by the Ministry of Economy ...

Hor Kimsay
http://www.phnompenhpost.com/business/govt-requests-chinese-funding-rice-warehouses

Japan Assists Cambodia To Formulate Industry Policy To Woo Investments

Japan, the most experienced country in the industrial sector, has cooperated with Cambodia, aiming at enhancing Cambodia’s industrial policy better to attract more investments, especially the Japanese investors who have kept an eye out on Cambodia over the last several years. The workshop under the theme: Towards the Cambodia’s Industrial Policy, was conducted On April ...

http://thesoutheastasiaweekly.com

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