Trade between Cambodia and neighbouring Thailand expanded by more than 35 percent last year driven by strong economic growth in both nations. According to data from the Thai Embassy in Phnom Penh, bilateral trade reached $8.4 billion in 2018, a jump of 35.5 percent from 2017’s $6.1 billion. However, Cambodia’s exports declined, reaching only $768 […]
Read MoreAfter a successful outlet in the capital, cash and carry brand Makro will inaugurate a new supermarket in Siem Reap tomorrow. Located in Prasat Bakong district, the new store cost nearly $19 million and is expected to create 179 jobs for locals, according to the Council for the Development of Cambodia. Following the success of […]
Read MoreWith the Kingdom’s largest solar energy project due to come online this year in Kampong Speu province, the local solar sector is luring an increasing number of investors every year, the Minister of Mines and Energy said. Minister Suy Sem yesterday said that Kampong Speu’s 60-megawatt solar farm, being built with an investment of $60 million, will be […]
Read MoreIn 2018 Cambodia experienced the third largest increase in international tourists in Asean, behind only Vietnam and Indonesia, according to data recently released by the Ministry of Tourism. Last year, the number of international tourists visiting the Kingdom grew by 11 percent, a rate surpassed only by Indonesia, where foreign tourist arrivals grew by 11.6 […]
Read MoreIn a bid to attract more investors to the sector, the Ministry of Agriculture is working on a proposal to reduce taxes on rubber exports. Agriculture Minister Veng Sakhon said one of the points included in the proposal is that shipments valued at less than $2,000 per ton should not be taxed. Currently, the government […]
Read MoreAir conditioner imports from Thailand were valued at about US$16 million last year – a fraction of the total US$5 billion Thailand earned from its air conditioner exports to international markets, Thailand’s Department of International Trade Promotion at the Ministry of Commerce said. The department’s deputy head Witt Maneenetr said most of the air conditioners […]
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