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Manufacturers of soy and fish sauces should fortify the products with iron in order to improve Cambodians’ health, government officials said yesterday.
The government is reviewing a proposal by Vietnam that would open Cambodian airspace to planes flying direct between Hanoi and Ho Chi Minh City and potentially generate million of dollars in revenue, an aviation official said Wednesday.
Experts from the World Bank on Tuesday urged the government to establish a “logistics task force” to improve Cambodia’s transportation network and boost trade.
Cambodia’s first large-scale rice bank offering both financial and storage services launched on Thursday with the aim of keeping a crucial supply of paddy available for local millers and exporters.
European rice imports from least developed countries, mainly Cambodia, have soared 51 percent over the last year, a figure that Italy’s National Rice Agency has labeled “troubling new data” in its battle to have tariff-free exports scrapped.
Taiwanese businesses looking to invest in Cambodia are seemingly unfazed by Prime Minister Hun Sen’s promise last month to block plans for a Taiwanese trade office in Phnom Penh in solidarity with Beijing.
An international agriculture NGO is preparing to roll out a nationwide project in partnership with computer-chip maker Intel whereby more than 25,000 farmers will be able to receive real-time advice on farming methods via a smartphone app.
Local agriculture firm SLN Meat Supplies will be the first Cambodian company to import live cattle from Australia after health protocols between the two countries were finalized earlier this month.
Cambodia’s gross domestic product is predicted to rise by nearly 20 percent over the next decade following its integration into the Asean Economic Community starting in 2015, according to a report released Wednesday by the International Labor Organization.
Prime Minister Hun Sen on Monday predicted an 8.3 percent increase in per capita gross domestic product this year, a figure that is significantly higher than the estimates of international banks and, experts say, belies the fact that a large portion of the population remains on the verge of poverty.
In Cambodia, where the garment sector accounts for 80 percent of exports, hundreds of thousands of people depend on their slice of the $5 billion industry to survive.
Foreigners will have to pay additional costs to enter Cambodia following a government announcement earlier this week that visa fees will increase by $10 starting in October.
The sixth Chinese-built dam to be constructed in Koh Kong province launched one of three generators in a test operation on Wednesday, a Ministry of Mines and Energy official said Thursday.
Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit in the local currency will require a big rethink from both lenders, borrowers and the national bank, experts said this week.
For families that traditionally depend on farming, limited access to international markets is leaving them uncompetitive and forcing many to abandon their land and go abroad in search of employment, according to the preliminary results of a forthcoming study by a local agriculture NGO.
China’s cooling economy and rising debt are threatening to derail what is otherwise expected to be continued steady economic growth in Cambodia, in part on the back of foreign direct investment, according to a new report.
Cambodia is vying for a share of the Philippines’ latest rice import tender of 500,000 tons, according to Thon Virak, general-director of state-owned Green Trade Company.
Farmers in Cambodia’s pepper-growing provinces are increasingly turning to produce the profitable crop as the price of rubber on the world market has declined over the past six months, with land used for pepper cultivation doubling in some areas, according to growers.
More than 2.2 million tourists visited Cambodia in the first six months of this year, a 5.2 percent increase over the same period in 2013, according to Ministry of Tourism figures.
Construction is to begin this month on a $40 million water treatment plant to help Phnom Penh meet a growing demand for clean water, following an official contract signing ceremony Friday.