A locally-run aluminium recycler, the first in Cambodia to export pure aluminium to China, now plans to produce aluminium and products thereof for the domestic market as well. Seng Casin Electronics will soon begin producing drink cans for local drinks manufacturers. Its CEO Sun Bunheng said the factory currently exports all of the aluminium it […]
Read MoreAlong with a couple of other Asean countries, Cambodia remains a bright demographic spot driving economic growth, said the latest World Bank (WB) report which, however, warned of a slump in global growth for the remainder of this decade. In a report titled ‘Falling Long-Term Growth Prospects: Trends, Expectations, and Policies,’ World Bank on Monday […]
Read MoreThe Ministry of Commerce warns that it will fine business owners who fail to affix or post clear prices for their products and services as instructed by relevant authorities. The ministry issued a prakas requiring all traders, vendors and service providers to put price tags in the local currency last week. Ministry spokesman Pen Sovicheat […]
Read MoreCambodia will need investment of around $9 billion through to 2040 to develop new power plants and expand the national grids, the Master Power Development Plan 2022-2040 said. Of the amount, over $2.5 billion is the investment that has been approved between 2022 and 2025. Another $6.5 billion will be for renewable energy investment -hydropower […]
Read MoreAmid an increase in non-garment shipments despite a declining growth of garment export, the value of Cambodian exports increased by one percent in February 2023 compared with a fall of 23.6 percent recorded in January. This positive growth is due to an uptick in non-garment export despite a declining growth of garment export, according to […]
Read MoreThe banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. NBC has also been making serious efforts over the past several years to bring […]
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