US retail multinational Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying fruits, food products, and electronics. The remarks were made by Anbinh Phan, director of Walmart’s Global Government Affairs, in a virtual meeting with Ith Samheng, Minister of Labor and Vocational Training, yesterday. The […]
Read MoreThirty local logistics firms – members of the Cambodian Logistics Association – are seeking the possibility of a train service between China and Cambodia connecting Laos and Thailand. The Cambodian delegation of logistics attended a meeting held this week in Laos on a project to discuss high-speed rail links including China, Vietnam, Laos, Thailand and […]
Read MoreCambodia’s rice export prices continue to rise as the global food insecurity crisis continues, pushing supply and demand on producing countries. Chairman of the Board of the Cambodian Rice Federation, Hun Lak, said on June 21 that the value of Cambodia’s rice exports could be expected to increase further due to the impact of the […]
Read MoreThe gross premiums from insurance in the country, including life and general, grew by 10.2 percent in 2021 compared to the previous year, according to the Financial Stability Report, released by the National Bank of Cambodia, indicating a growing awareness among the members of the public about the importance of insurance as a hedge against […]
Read MoreDespite the continued efforts by the National Bank of Cambodia (NBC) to promote the use of riel (KHR), the level of dollarisation in the country still remained over 80%, according to the Financial Stability Report 2021, released by the central bank recently. This level of dollarisation limits the NBC’s role in influencing money supply and […]
Read MorePrime Minister Hun Sen on Monday announced the establishment of a new border crossing to Vietnam in Tboung Khmum province, aimed at boosting trade and travel between the neighbours. Mr Hun Sen was speaking at Koh Thma to commemorate the 45th Remembrance Day of the “Journey to Overthrow the Pol Pot Genocidal Regime.” The establishment […]
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