After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground yesterday on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built on 365 hectares across Kampot and Sihanoukville provinces, was first expected […]
Read MoreInternational commodity prices for cashew nuts are rapidly increasing due to lower supply from Cambodia and Vietnam which is driving up profits for the Kingdom’s farmers, according to industry stakeholders. The shortfalls of cashew supply into the global market have decreased by around 40 percent this quarter due to lower production in Cambodia and Vietnam, […]
Read MoreNumerous members of the Cambodia Rice Federation (CRF), the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. According to the terms of CRF membership, each miller is […]
Read MoreIllicit financial flows in and out of Cambodia starved the Kingdom of at least $360 million in lost taxes annually between 2005 and 2014, according to a new report. The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and […]
Read MoreThe Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before it is listed on the Cambodia Securities Exchange late next month. Once listed on the CSX, PAS will be the fifth company on the bourse joining Phnom Penh Special Economic Zone […]
Read MoreSafeguarding intellectual property rights plays an important role in drawing foreign investment to Cambodia, but enforcement remains weak, US Embassy officials said yesterday on the occasion of the World Intellectual Property Day. Foreign companies would be more likely to invest in Cambodia, particularly in innovation-intensive sectors, if the country showed a greater commitment to protecting […]
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