News

Investment down by $1B

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...

Pestech awarded $100M transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. The deal, ...

Economy to face new challenges

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...

Sugar slowly moves to market

Cambodia’s five major sugar producers exported just 4 percent of the country’s planned refined sugar capacity to the international market last year, equalling only 80,000 tonnes, a sign that government officials said means the sector still has ample room for growth as sugar companies push ...

Robust factory growth charted

Cambodia has seen a marked increase in industrialisation over the past five years, with the number of factories nearly doubling during that period and producing a broader range of goods for both export and domestic consumption, according to new unreleased government data. In the yet-unpublished ...

Poipet SEZ to import power

A special economic zone in Poipet City has decided to import electricity from Thailand to ensure a reliable power supply as it expects the influx of more factories and investment. Poipet PPSEZ Co. Ltd. reached a memorandum of understanding with Thailand-based B.Grimm Power Public Company Limited ...

Cabinet approves power projects

The Cabinet of ministers approved on February 17 two electricity development projects in a bid to address the increasing demand for electricity in the kingdom. The two projects will be a 230-kilowatt transit grid development project from the Ta Tei dam in Koh Kong province as well ...

The new normal: facing climate change

Last year’s drought caused a nationwide crisis, with harvests ruined, forest fires raging and many rural families struggling to feed themselves. As experts take stock of the impact, news of another potential El Niño raises a question: Is Cambodia prepared for the next drought? For ...

JICA support for logistics

The Japan International Cooperation Agency will continue to support the development of Cambodia’s logistics sector in its partnership with the government to reduce transport costs and strengthen the country’s logistics infrastructure. This pledge was made by Kume Hidetoshi, the JICA representative in Cambodia, when he ...

Cassava industry left out to dry

With the start of the dry harvest season for cassava kicking off, farmers are calling for the government to support the struggling sector with initiatives to address recurring capital shortages and market volatility. Sum Heang, head of the Pailin Cassava Association, which represents 52 cassava-growing ...

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