Member countries of the Lancang-Mekong Cooperation (LMC) have gained tangible benefits with prospects for greater fruitful cooperation in the years to come, diplomats say. The encouraging remarks were made as the LMC member countries – Cambodia, China, Laos, Myanmar, Thailand, and Vietnam – celebrated the second anniversary of the LMC last week. In his address […]
Read MoreIn the last 24 years, Cambodia has made debt service payments of about $1.14 billion to development partners, while last year alone it repaid about $210 million, according to the Cambodia Public Debt Statistical Bulletin of the Ministry of Economy and Finance released last week. The bulletin said the government last year signed concessional loan […]
Read MoreFollowing the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]
Read MoreThe government is considering increasing taxes on used car imports, and encouraging auto companies to set up assembly plants in Cambodia. Kun Nhem, director-general of the General Department of Customs and Excise (GDCE), said at the Auto Show 2018 on Friday that higher taxes on used car imports would encourage more people to consider a […]
Read MoreConstruction of the first tourism seaport in Kampot province has been delayed once again after companies trying to win the contract failed to get their bids right. Work was due to start last year and has been hit by repeated delays. The timeframe for construction is now uncertain. Soy Sinol, director of Kampot Provincial tourism […]
Read MoreGrab has officially launched its motorbike taxi service and started beta testing a tuk-tuk and rickshaw service in Phnom Penh and Siem Reap, according to a press release issued by the company on Friday. Grab Bike, which has been in beta testing for nearly two months in Phnom Penh’s central districts, launched full services in […]
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