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Cambodia: Marketing, logistics pact for local wares

The National Committee for the Promotion of the One Village One Product (OVOP) Movement under the Council of Ministers has signed a two-year cooperation agreement with the Logistics Business Association (LOBA) and Super App Technology Plc. The tripartite agreement was signed on Friday at the Council of Ministers in a bid to promote the digital […]

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Cambodia: CDC okays 11 projects in January

The Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. Among the bunch were five garment factories – Xin Yunfeng (Cambodia) Fashion Co Ltd’s $2.4 million project in the […]

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Cambodia: Dialogue on new consumer protection law

Corporate leaders and senior officials attended the second Stakeholder Dialogue on Consumer Protection yesterday. The Kingdom drafted its Law on Consumer Protection in 2019 to comply with the Consumer Protection in ASEAN project, which aims to increase competitiveness in the region. The new law is designed to protect customers, ensure trade is fair and competitive […]

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Cambodia balks at World Bank loan interest rate hike

In view of the World Bank’s decision to increase interest rates from 0.7 percent to 2.8 percent the Cambodian government has decided to temporarily suspend lending from the international institution. Permanent Secretary of State of the Ministry of Finance and Economics Vongsey said, “This is unacceptable…and has forced us to decide to temporarily stop borrowing […]

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