News
Push for Kep salt to obtain GI status
The Ministry of Commerce plans to push Kep salt to obtain geographical indication status thanks to the natural quality of salt in the province. Commerce Minister Pan Sorasak said the ministry was reviewing the possibility of GI status for salt farmed in Kep because the province ...
Cambodia, Russia discuss trade
Since reaching a deal to import agricultural products from the kingdom to Russia in mid-2016, Cambodia and Russia have now started talks on boosting trade involving agriculture, garments and oil. Cambodia asked Russia to import milled rice, sugar and garment products to comply with the agreement ...
Import ban on petrol aims at plugging leaks
Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...
Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia ...
Plans spilt for oil refinery
A mysterious cluster of crude oil storage tanks recently constructed on the coast near Kampot are linked to a $400 million project by timber baron Try Pheap to build an industrial park and oil refinery, government officials confirmed on December 21. The five 2-million-litre tanks ...
Vietnam, Cambodia want to consolidate ties: PMs
Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”. During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech ...
World Bank forecasts 7.8% growth in Myanmar this year
The World Bank has predicted strong economic growth in Myanmar through the 2016-17 fiscal year, ending in March. In its growth outlook for “developing East Asia and Pacific” for 2016-18, released on October 5, the World Bank projects growth in Myanmar to hit 7.8 percent for the ...
