Economy and commerce
Trade
CPF taking food to EU with WFGL
CPF Investment Ltd, a wholly owned subsidiary of Charoen Pokphand Foods Plc (CPF), has inked a share purchase agreement with Westbridge Food Group Ltd (WFGL) at a combined value of £60 million (2.6 billion baht) to expand CPF’s market in Europe. CPF chairman and chief executive ...
Slow bounce for rubber price
Rubber prices are predicted to increase gradually as suppliers in the main producing countries restrict their stock for export to let the price recover after a long decline. Pol Sopha, director-general of the rubber department at the Agriculture Ministry, said exports had increased from year ...
Japan pledges to boost silk industry
A Japanese beauty company is to invest in Cambodian silk production to supply the local market and export to Asia and the United States. Il Brille, which runs two beauty salons and a shop in Phnom Penh, uses silk in cosmetic treatments and products for ...
Unsafe produce hurting exports
Weak food safety compliance by agricultural product exporters has negatively impacted Vietnam’s exports to European markets, experts said at a trade policy forum, “Food safety: Opportunities and challenges for Vietnamese exporters,” organised in HCM City on March 30. Nowadays, a number of countries apply standards by ...
Germany criticizes US orders on trade deficits
US President Donald Trump’s executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from free trade and international agreements, German Economy Minister Brigitte Zypries said on Saturday. Trump instructed his administration on March 31 to study the causes ...
Full steam ahead for start of Laos-China railway
Hundreds of trucks carrying machinery and equipment for construction of the Laos-China railway have entered Laos after being delayed at the border, a senior government official has said. A special lane has now been allocated at China’s Mohan and Laos’ Boten border crossing to facilitate ...
Savannakhet immigration officials ordered to end border crossing fees
Immigration officials working at the second Lao-Thai Friendship Bridge in Savannakhet province, which forms the border with Mukdahan province in Thailand, have been ordered to stop the collection of immigration and service fees. The Prime Minister’s Office last week issued a notice to the Deputy ...
Data quality vital for economy
The United Nations Economic and Social Commission for Asia and the Pacific, in collaboration with the National Institute of Statistics, on March 29 conducted a workshop for all relevant government agencies on strengthening the economic statistics of Cambodia. The aim of the workshop was to strengthen capacity ...
ASEAN talks South China Sea in Siem Reap
Chinese and ASEAN representatives are meeting in Siem Reap to begin hammering out a code of conduct for the highly contested South China Sea. Ministry of Foreign Affairs spokesman Chum Sounry said Cambodia was hosting the director-general-level meeting on March 29-30. China has openly dismissed ...
PPP Committee wants 6 more transport projects fast-tracked
The Public Private Partnership Policy Committee on March 29 resolved to place six more transportation projects worth Bt600 billion on the fast track for implementation. The Industry Ministry will also set up a working panel as soon as possible to promote investment support and tax incentives ...
