The price of fragrant rice exports to international markets has doubled in the last month, from $50 to $100 per matrix ton, according to the Cambodia Rice Federation (CRF). However, the domestic market trading price for white rice, the most in-demand variety within the country, has remained stable. Explaining the disparity, CRF secretary-general Lun Yeng […]
Read MoreDespite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction has yet to be raised.” Yim Piseth, the chairman of […]
Read MoreVisa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. A global leader in digital payments, Visa Inc are in the vanguard of firms who plan to encourage the increasing usage of riel, Cambodia’s […]
Read MoreCambodian policymakers have more time to think of additional measures to mitigate the economic shock of the COVID-19 pandemic on the country, according to the National Bank of Cambodia’s director-general Chea Serey. Referring to the effect COVID-19 has already had on the country’s key industry sectors, Chea Serey said to international media outlet CNBC, “On […]
Read MoreFashion brands are urging the European Union (EU) to postpone the partial withdrawal of tariff preferences granted to Cambodia under the EU’s Everything but Arms (EBA) trade scheme because of the impact of the COVID-19 pandemic. The European Branded Clothing Alliance (EBCA) has asked the EU to delay the move which it agreed in February […]
Read MoreBusinesses such as restaurants and cafés that have been told to remain open this week have reported reduced staff numbers yesterday, on what was supposed to be the first day of the traditional four-day Khmer New Year holiday. This is despite a ban on all celebrations and postponement of the official public holidays by Prime […]
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