Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic. Seang Thay, a spokesperson at the Ministry of Commerce, told Khmer Times yesterday that the free-trade agreement (FTA) negotiations between Cambodia, South Korea, China and the Eurasian Economic Union (EAEU) – a huge free-trade bloc led by Russia – have […]
Read MoreThe US-China trade war last year already pushed some manufacturers to move out of China to avoid tariffs imposed by the US. Although Cambodia was among ASEAN member destinations to lure the companies, mostly in the garment and textile industries, it lagged far behind its ASEAN neighbours Vietnam and Thailand as technology investment destinations. The […]
Read MoreThe government has announced it will launch rules and a special logo to certify food is organic. The announcement number 163, signed by Veng Sakhon, minister of agriculture, forestry and fisheries, is named Cambodia’s Organic Agriculture Rules and National Logo for Implementation in Preliminary Food Production and Processing. It is to promote mutual trust among […]
Read MoreCambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns The projected fall, which would be the sharpest decline in recent history, […]
Read MoreThe inflow of foreign direct investment into the real estate sector (combined all type of real estate and condominium) in Cambodia was estimated at over $437.3 million in 2019, according to data from the NBC’s Annual Banking Supervision Report 2019, issued on April 27, 2020. Among the total inflow of FDI into the real estate […]
Read MoreCambodia’s garment and footwear industries are being severely impacted by the ongoing COVID-19 pandemic with exports affected in the upcoming months. Up to 130 factories have thus far submitted notices requesting for suspension and these will impact up 100,000 workers, government official said yesterday. Labour Ministry spokesman Heng Sour said in a press conference that […]
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