The Phnom Penh International Airport railway tracks spanning busy Russian Boulevard will be covered over with a protective layer of sand and bitumen in order to save on maintenance costs, according to the Royal Group. The railway line, currently not in use because of a lack of passengers, is slated to become operational in the […]
Read MoreBilateral trade between Cambodia and the U.S. was valued at $5.8 billion in the first ten months of this year, a year-on-year increase of 16 percent. Figures from the U.S. Census Bureau show that from January to October 2020, Cambodia exported $5.5 billion worth of products to the U.S., up 21 percent. At the same […]
Read MoreThe chairman and CEO of Sihanoukville Autonomous Port, HE Lou Kim Chhun, has received a 2020 Spring Conferment of Decorations from the Japanese government for his contributions in promoting the relationship between Japan and Cambodia in the field of port development. Kim Chhun spoke of his achievements and experiences developing Sihanoukville Port – the Kingdom’s […]
Read MoreA senior official of the Ministry of Commerce (MoC) said negotiations towards a free trade agreement (FTA) between Cambodia and South Korea saw agreement on 90 percent of the issues addressed as the fourth round of talks concluded last month. MoC spokesman Seang Thay said: “Both countries have agreed on issues including economic cooperation, trade […]
Read MoreAsian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year. ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as a result of the ravages of the pandemic. However, improved […]
Read MoreThe online ASEAN Customs Transit System was launched Monday to accelerate trade in goods by road within Southeast Asia. Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand, and Viet Nam, the system has now been formally launched. Being developed with the support of the European Union, ACTS is simplifying the movement of goods across the […]
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