Camcashew, a Cambodian-Malaysian joint venture, and South Korean firm Naroo Marine will invest $100 million in facilities in Kampong Cham to process cashew nuts and ready them for export to South Korea. Camcashew and Naroo Marine yesterday signed a memorandum of understanding, outlining plans to work together to build cashew-processing facilities in Kampong Cham and […]
Read MoreInformation and communication technologies, particularly smart phones, can play a key role in boosting financial inclusion in Cambodia, according to researchers at the Fourth Annual NBC Macroeconomic Conference held yesterday in Phnom Penh. Financial inclusion means individuals and businesses enjoy access to useful and affordable financial products and services, such as credit, savings, insurance and […]
Read MoreMalaysian owned Camcashew Company and South Korean Naroo Marine Company is to invest $100 million on a processing plant for cashew nuts, a plantation, warehouses and related facilities in Kampong Cham province to export processed cashew nuts to South Korea. The announcement was made this morning during the signing ceremony of a memorandum of understanding […]
Read MoreMalindo Air, a Malaysian low-cost carrier, launched daily flights from Kuala Lumpur to Phnom Penh on December 1. The new route, which will have a seating capacity of nearly 200, is expected to strengthen the tourism sectors in both Cambodia and Malaysia. According to a Facebook post on the Malindo Air page in late June, […]
Read MoreWith Cambodia repeatedly being perceived as the most corrupt nation in Asean by Transparency International, the organisation held a workshop yesterday urging businesses to adopt more transparent operations to avoid legal battles and negative press that could hamper profits, especially as the Kingdom becomes greater connected to global supply chains. Reach Ra, undersecretary of state […]
Read MoreCambodia ranks among one of the world’s least attractive destinations for oil and gas investment due to concerns over disputed land claims, cost of regulatory compliance and trade barriers, according to a global petroleum report released by Canada’s Fraser Institute. Cambodia’s score fell by 10 points this year to rank 90 out of 97 jurisdictions […]
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