Ruixue (Cambodia) Co Ltd, a subsidiary of China-based Ruixue Group, has received approval for setting up a new garment factory in Khan Sen Sok. The new factory to be set up at a cost of $4.5 million will create 2,000 jobs in manufacturing womenswear, including sweaters, dresses and handbags. The approval was given by the […]
Read MoreBusiness confidence among EuroCham Cambodia’s membership has dropped over the past year but silver linings in the business climate offer some glimmers of hope for a post-Covid turnaround, according to their Business Confidence Survey 2021. EuroCham has released a business confidence index every two years since 2015. This year’s score of 46.1 represented a drop […]
Read MoreThe National Bank of Cambodia (NBC) has urged customers and retailers to make use of e-wallets and payment apps such as Bakong to help prevent the spread of Covid-19. In a statement released yesterday, the NBC stressed that using digital banking could help in the fight against the pandemic by lessening the need for cash […]
Read MoreThe National Bank of Cambodia (NBC) released a series of measures yesterday to further extend relief to customers suffering financially from the effects of Covid-19. The measures include maintaining financial institutions’ reserves at 7 percent until further notice and extending loan restructures until Dec 31. NBC’s announcement said customers living in “closed areas” may refinance […]
Read MoreCambodia’s energy sector may soon swing towards liquefied natural gas (LNG) as the country attempts to increase its domestic energy capacity amid rising demand and to shift away from coal-powered electricity, but energy experts have doubts about the product’s sustainability. In a research paper, global law firm White and Case said international investors are watching […]
Read MoreAs the capital lifts alcohol and travel restrictions, lockdown malaise has led to an increase in tourism to coastal provinces, according to business owners. Sanssouci hotel in Kep province has 20 villas for rent. Its owner, Ven Viola, told Khmer Times that 19 of them were occupied – with nine being booked on Friday evening. “A lot […]
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