News
Minister aims to boost farming through partnerships
The government is considering setting up public private partnerships to add value to the country’s farming industry, Agriculture Minister Veng Sakhon has told a meeting of senior regional leaders. Speaking at the Grow Asia Forum on May 10, Mr Sakhon said Cambodia is in the ...
Quality infrastructure vital for growth
Quality infrastructure will attract foreign direct investment and is the key to ASEAN’s sustained economic growth, according to a Japanese bank official on May 10. “The ASEAN region needs to give priority to developing good infrastructure. This is a key factor for improving connectivity and long ...
Japan agrees aid for port expansion
The Japanese government has agreed to help Sihanoukville Autonomous Port (SAP) introduce an electronic system for handling import and export procedures. The Electronic Data Interchange (EDI) system will allow companies to send one another electronic information, replacing the manual method currently in use. The agreement ...
Kerry Worldbridge SEZ opens its doors
Kerry Worldbridge Logistics’ special economic zone began operating yesterday, with promises of boosting the high-end technology industry. The zone, a joint venture between Hong Kong-listed Kerry Logistic Network Ltd and Worldbridge International, said the SEZ will be a hub for foreign manufacturing firms. Sear Rithy, president ...
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families on May 9 petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition ...
Port operator’s IPO share price set near high tide mark
Sihanoukville Autonomous Port, the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) on May 9 for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. SAP priced its shares at the ...
South Koreans eye farm sector
Cambodian agriculture has huge untapped potential for South Korean investors, according to the secretary-general of the ASEAN-Korean Centre. Kim Young-sun led nine leading Korean companies specialising in agriculture at a seminar organised jointly with the Council for the Development of Cambodia. On Monday, the group ...
Authorities warn of foot and mouth disease outbreak
Svay Rieng provincial agriculture authorities urged residents to take extra precautions with their cattle to prevent the spread of foot and mouth disease, which was detected in several communes there. Provincial department of agriculture director Thach Ratana said on May 9 that on Thursday, more than ...
Embassy ducks forestry dispute
The South Korean Embassy on May 9 declined to get involved in a dispute between a group of residents and a company which wants to clear forest near their homes. Activists from Prey Lang Community Network went to the embassy at Koh Pich to deliver a petition ...
Economic development requires rule of law: ESCAP
Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific said in a report released on May 8. The UN agency noted in ...