On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance. Presenting on the ministry’s latest report during a public forum on macroeconomic management and the 2019 budget law, Chheang Vannartith, the ministry’s deputy director-general, said […]
Read MoreEXPORTS from the Sihanoukville Special Economic Zone (SSEZ) were valued at $372 million last year – up 68 per cent compared to 2017 – according to a statement from the Council for the Development of Cambodia. The 1,113ha SSEZ has 161 registered factories and registered investment capital of about $918 million. The industrial zone creates […]
Read MoreAiming to reduce freight costs in the country, the Ministry of Public Works And Transport is considering building a logistics centre in Phnom Penh to make multimodal transportation more seamless. The project, now being reviewed by the Ministry of Public Works in collaboration with the Asian Development Bank, seeks to enhance connectivity between roads, waterways, […]
Read MoreThe railway networks in Cambodia and Thailand will be officially connected in March, the Transport Minister recently announced. The tracks on both sides of the border have already been finished, said Sun Chanthol, the Minister of Transport and Public Works. “We will ask Prime Minister Hun Sen to preside over the official ceremony connecting both […]
Read MorePrime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, Hun Sen revealed a series of trade facilitations and […]
Read MoreThe Kingdom’s rice exports saw a 1.5 per cent drop last year compared to 2017 due to the industry’s lingering challenges – the cost of production and competition with the international market. Ministry of Agriculture, Forestry and Fisheries figures show that the country exported 626,225 tonnes of rice last year, decreasing 1.5 per cent from […]
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