Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), has encouraged Bayernhafen Nurnberg of Germany to invest in Cambodia in the transport and logistics sectors. The encouragement was made when Sun Chanthol led a delegation consisting of concerned ministries/institutions, the Cambodian Oknha Association, and Cambodia Chamber […]
Cambodia exported more than 110,000 tonnes of dry rubber in the first five months of 2024, an increase of 2.43 percent in the same period of 2023, according to the report of the General Directorate of Rubber of the Ministry of Agriculture, Forestry and Fisheries. The country earned more than $165 million in revenue from […]
The Ministry of Commerce and the Korea Trade-Investment Promotion Agency in Cambodia have pledged to strengthen trade promotion initiatives and bilateral collaboration to enhance economic ties between the two nations. The remarks were made during a meeting held on Wednesday at KOTRA Office in Phnom Penh between Samheng Bora, Secretary of State and Yun Hacheong, […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) on Wednesday met Dr Andrea Heilmaier, Deputy Governor of Nuremberg City and discussed means to boost trade connectivity, investment flow and business activities between the two countries. Chanthol reached Germany on Wednesday after his two-day successful visit to […]
Sok Siphana, Senior Minister in charge of Special Missions and Chairman of the Trade Policy Advisory Board (TPAB), on Monday-Tuesday held a series of meetings with key international institutions during his official mission to Geneva, Switzerland, as the High Representative of Prime Minister Hun Manet to the 60th Anniversary of UN Trade and Development (UNCTAD). […]
The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. According to MAFF, Cambodia dedicated approximately 277,000 hectares of land to red corn cultivation in 2023, resulting in a substantial yield of over 1.5 million tonnes, […]
Cambodia and Korea yesterday discussed ways to boost tourists connectivity through the joint initiative to conduct more events, increase flights and develop infrastructures. This came as Sok Soken, Minister of Tourism received a courtesy call from the Korean delegation led by Oh Young-hun, Governor of Jeju Special Self-Governing Province of the Republic of Korea in […]
Acciona Energía, an energy development industry based in Madrid, is planning to set up wind power generation projects in the Kingdom, while Insud Pharma, a pharmaceutical manufacturing factory, intends to expand operations across Southeast Asia countries. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), visited Insud […]
The Royal Government of Cambodia expects the country’s economy to grow by six percent this year which tallies with the projection for the country made by the International Monetary Fund (IMF) recently and is also close to the 5.8 percent forecast given by the World Bank and the Asian Development Bank (ADB). Sharing the government’s […]
According to official reports on Wednesday, Cambodia earned a total of $384.4 million from the exports of milled rice and dry rubber during the first five months of 2024. A report from the Cambodia Rice Federation indicated that the kingdom exported 302,592 tons of milled rice to 63 countries and regions during the January-May period […]
Indonesian President Joko Widodo has asked the State Logistics Agency (Bulog) to consider acquiring a rice producer in Cambodia. He argued that it was better for Indonesia to invest in one producer rather than constantly importing from neighbouring countries. Data from the US Department of Agriculture showed that Indonesia is the world’s fourth largest rice […]
Cyprus’ tourism revenue soared to its highest level for the month of March in at least 23 years, achieving a robust increase of 15.5 per cent compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). The report noted that the first quarter of this […]
Spanish Secretary of State for Trade H.E. Ms. Maria Amparo Lopez Senovilla responds positively to Cambodia’s ‘door-knocking’ mission to bring in more investments from Europe. H.E. Sun Chanthol, Cambodia’s Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC) received a positive response when leading a delegation to meet […]
Cambodia’s insurance sector continued to expand, but at a slower pace, with the total premium reaching $96.5 million in the January-March period this year. The premiums went up nine percent year-on-year, a report by the Insurance Regulator of Cambodia (IRC) said yesterday. Cambodia’s insurance market comprises 18 general insurers, 14 life insurers, seven micro-insurance companies, […]
Cambodia on Monday proposed Spain to consider entering into a bilateral treaty aimed at facilitating investment and strengthen business interaction. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) told Maria Amparo López Senovilla, Secretary of State of the Ministry of Economy and Competitiveness (MINECO) of Spain […]
In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. According to a press release issued by the CDC on June 10, of the 25 investment projects, 17 are located outside the […]