NBC: Cambodian Financial Sector on Positive Trend
AKP Phnom Penh, January 28, 2019 -- The National Bank of Cambodia (NBC) has affirmed that the country’s financial sector continues to be on the positive trend. According to a report shared during the NBC’s annual meeting held here last weekend, Cambodia has currently 43 commercial banks, 14 specialised banks, 7 microfinance...
Expert: Cambodia’s Real Estate is Young, but to Rise Swiftly
AKP Phnom Penh, January 25, 2019 -- Though Cambodia is young in terms of real estate and construction industry, expert is optimistic about it in a near future, according to local media report. Real estate expert Mr. Chrek Soknim shared the insight following an evaluation that ranked Cambodia the youngest nations in ASEAN in the sector. The...
Boeung Ket Rubber Plantation Company To Expand Banana Growing Area to 1,500 ha
AKP Phnom Penh, January 23, 2019 -- Boeung Ket Rubber Plantation Company is planning to expand its land area for growing Cavendish bananas to 1,500 hectares to meet Chinese market’s demands. The information was highlighted in a report released during a recent visit of Minister of Agriculture, Forestry and Fisheries H.E. Veng Sakhon to t...
Higher Number of Factories Opened in 2018
AKP Phnom Penh, January 17, 2019 -- Number of factories opened in 2018 outnumbered those started in 2017, pushing the total figure to 1,528 factories across Cambodia by now. The highlight was shared by Minister of Industry and Handicraft H.E. Cham Prasidh during recent ministry’s 2018 work review and 2019 planning here in Phnom Penh....
Chinese Firms Exploring Investment Opportunities in Preah Sihanouk
AKP Phnom Penh, January 15, 2019 -- Eight companies from Guangxi province of the People’s Republic of China have explored investment opportunities in Preah Sihanouk province of Cambodia. The intention was highlighted during a recent meeting between Preah Sihanouk provincial Governor H.E. Yun Min and delegation of China Investment Promot...
Development Council Approves Three Investment Projects
AKP Phnom Penh, January 11, 2019 -- Council for the Development of Cambodia has just approved three investment projects worth over US$20 million. The information was shared in a recent press release of the development council, specifying that those are garment, bag and foodwear investments. One of the investment project will take place in...
Some 626,000 Tons of Milled Rice Exported in 2018
AKP Phnom Penh, January 10, 2019 -- Cambodia exported 626,225 tons of milled rice throughout 2018, according to a report from Secretariat of One Window Service for Rice Export Formality. The mentioned amount of rice was shipped to markets in 62 countries – of them China was Cambodia’s largest market buying 27.17 percent or 170,154...
Cambodia’s Double Taxation with Three Nations Effective from This Month
AKP Phnom Penh, January 10, 2019 -- Cambodia’s double taxation agreements with Brunei, China and Vietnam are effective from January this year onward. The update was shared in a press release from the Ministry of Economy and Finance, stressing that the agreements – of bilateral nature – play a vital role in preventing double...
70 Tons of GI-Granted Cambodia’s Pepper Produced in 2018
AKP Phnom Penh, January 09, 2019 -- Kampot Pepper Promotion Association produced about 70 tons of Geographical Indication (GI) granted pepper in 2018, and 50 tons of which were exported to international markets. Potential markets for GI Kampot pepper include Europe, United States of America, Japan, South Korea, and China. “The bigges...
Banking and Microfinance – Backbone of Cambodia’s Growth
AKP Phnom Penh, December 28, 2018 -- Banking and microfinance sectors are playing a crucial role in enhancing people’s living conditions as well as national economic growth. The highlight was made by Deputy Prime Minister and Minister of Economy and Finance H.E. Aun Pornmoniroth when presiding over the opening ceremony of new ACLEDA Ins...
Op-ed: “The war against Covid-19 is...
Kaavan Elephant Lands in Cambodia
Cambodian PM to Attend UNGASS-31 on...
Kaavan Arrives in Cambodia
Svay Rieng Provincial Council Holds...