Business

The Council for the Development of Cambodia Secretary-General Sok Chenda Sophea speaks at the 14th Chinese-Asean Expo.
Fri, 15 September 2017

CDC official thanks China for investment

The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off.

Workers stand in front of a coal-fired power plant in Preah Sihanouk province during its launch in 2014.
Fri, 15 September 2017

GE looks to deal with government on coal plants

US-based energy giant General Electric (GE) hopes to finalise an agreement with the Ministry of Mines and Energy by November that would see the Kingdom’s coal and gas plants using emissions-monitoring technology for the first time, company executives said yesterday. Massimo Gallizioli, commercial executive for GE’s Steam Power Systems business in the Asia-Pacific region, said the Continuous Emission Monitoring System would track and closely analyse local pollutant emission levels for all power plants across the country when the agreement comes into force. The data would then be sent to the Ministry of Mines and Energy (MME) to give Cambodia the capability to fully understand how much carbon dioxide (CO2) – the gas most heavily linked to climate change – the country is emitting on a real-time basis.

The Ministry of Agriculture signed a memorandum of understanding with a Chinese agricultural company to provide technical assistance in developing pig production in Cambodia.

Canada has agreed to commence exploratory discussions on a Free Trade Agreement (FTA) with the 10 member nations that make up Asean, according to an announcement by the Canada-Asean Business Council (CABC).

A scale model depicting the Sihanoukville Special Economic Zone.
Thu, 14 September 2017

Kingdom’s biggest SEZ to get even bigger

The Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint.

Cambodian men ride a trailer loaded with Buddhist altars for sale on the main road in Seam Reap on August 19. The Kingdom ranks last in the region in educating and training its citizens, according to an annual report by the World Economic Forum.
Thu, 14 September 2017

Cambodia gets low marks in ‘human capital’ report

A recent report by the World Economic Forum underscored the Kingdom’s poor performance in educating and training its citizens in order to develop a competitive workforce and put their skills to productive use, ranking it for the first time in its annual review as the worst in Asean. Cambodia ranked 92nd out of 130 countries in terms of human capital development, up from 100 last year, showing that the country had improved globally but at the same time fell further behind its regional peers, according to the Global Human Capital Report 2017. The ranking puts Cambodia ahead of the Dominican Republic but behind Botswana, which ranked 93rd and 91st, respectively.
Meanwhile, Myanmar, which scored 109th in 2016, improved to a score of 90th this year as Laos also made significant progress, improving from 106th to 84th.

The government-run Rural Development Bank (RDB) has extended the deadline to receive proposals from registered Cambodian agricultural firms to develop rice storage and drying facilities after receiving a tepid response to its financ

Shoes on display at a shop in Phnom Penh in 2010.
Wed, 13 September 2017

Cambodia has sole objective for US

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage i

People guide a forklift with cement bags for delivery onto a transport truck.
Wed, 13 September 2017

New cement plants to max out production capacity

Two large cement plants are expected to begin operations by the end of the year, according to a state official, who said the Kingdom has reached its limit for domestic cement production and the government will stop issuing new licences in order to protect dwindling natural resources. Hort Pheng, director of the Industrial Affairs Department at the Ministry of Industry, said Chip Mong Insee – a joint venture between local conglomerate Chip Mong Group and Thailand’s Siam City Cement Corporation (SCCC) – was preparing to open its $262 million cement plant in Kampot province next month. This will be the Kingdom’s fourth cement production facility, with the almost-completed Battambang Conch Cement factory – a joint venture between Cambodian and Chinese investors – slated to be the fifth.

The 10-member Association of Southeast Asian Nations (Asean) is set to sign a free trade agreement (FTA) with Hong Kong following three years of negotiations, according to a Ministry of Commerce official who said the agreement could