While Southeast Asia becomes embattled by the Delta variant of Covid-19 this summer, Cambodia’s people have cause to stay optimistic in a bright future. Cambodia has spent more than $1 billion to combat COVID-19, and herd immunity could be achieved by October, 2021. The tourism centers of Sihanoukville and Siem Reap are likely to evolve…
Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce. The pledge was made at the Second Cambodia-China Think Tank High-Level Forum, held on July 28 in Chinese capital Beijing in a mixed online and…
Prime Road Alternative (Cambodia) Co Ltd will soon break ground on a 60MW solar power farm in southwestern Kampong Chhnang province valued at $37.4 million. Provincial Department of Mines and Energy director Uk Ros told The Post on July 28 that the project would be built over a year and a half in Teuk Phos…
The Cambodian government’s relentless push to improve the Kingdom’s logistics infrastructure got another boost this week with officials committing to build 11 new roads for Sihanoukville. Already, the province is set to benefit from the 190 kilometre-long, $2 billion Phnom Penh-Sihanoukville Expressway due to be completed next year. Earlier in 2021, the government completed a…
Through a period of economic volatility, investment trusts have proven their attraction to investors. Investment trusts are reaping the rewards from interest in alternative assets, ESG and EM. They have out-performed alternative options such as open-ended funds over recent years, and their structural strength has been clearly demonstrated in the face of Covid-19. Indeed, investment…
Economic woes and fears of contracting Covid-19 are causing people to flee Ho Chi Minh City for their hometowns as it grapples with its worst outbreak yet. Last Sunday Dang Van Gin, a worker at a factory in Cu Chi District, stood in a kilometer-long line with thousands of people to pass a checkpoint to…
A floating solar power farm covering an area of 45ha was unveiled in Singapore on July 14, becoming one of the largest of its kind in the world. With 122,000 panels on Tengeh Reservoir, this is the city-state’s most ambitious project, built by the energy and urban development company Sembcorp Industries with support from the…
The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020, according to a report by real estate company CBRE Cambodia. Last…
The government has decided to relocate the venue for the ASEAN Tourism Forum 2022 (ATF 2022), which was originally scheduled to take place in Phnom Penh on January 16-22, to Sihanoukville, according to a letter from the Council of Ministers. The letter, signed by the Council’s permanent secretary of state Hing Thoraksy on July 8,…
PHNOM PENH — In early June, nine women in red gowns held platters of mangoes as Cambodian and Chinese dignitaries cut a red ribbon strung between the piles of tropical fruit grown by farmers in Cambodia to celebrate new trade items sent to China. Concluded with the release of balloons, the ceremony at a wholesale…
The Cambodian Ministry of Commerce expects the ratification of the bilateral Cambodia China Free Trade Agreement (FTA) by the National Assembly “soon”. Cambodia hopes that the trade deal will widen the Kingdom’s export market, especially agricultural products, ministry spokesman Seang Thay told The Post on July 5. The CCFTA was signed by Cambodian Minister of…
Foreign investors sell Vietnam blue chips worth over US$1 billion in the first half of the year, according to Yuanta Securities. Matthew Smith, head of research at the company, said in a recent note that net selling by foreign investors in the period was $1.4 billion, 67 percent higher than in the same period last…
Vietnam’s top shrimp producer, Minh Phu Seafood, has partnered with the World Wide Fund for Nature (WWF) and the Dutch Fund for Climate and Development (DFCD) to implement a project that combines rice and shrimp farming in the Mekong Delta region. The Mekong Delta Integrated Rice and Aquaculture Project is aimed at mitigating climate-change impacts…
Russian state-owned oil and gas producer Zarubezhneft and Belgian marine contractor DEME Offshore have set their sights on construction of a 1 gigawatt wind farm offshore Vietnam after signing of a pact this week. The Russian and Vietnam pair signed a memorandum of understanding covering the proposed Vinh Phong wind farm project, which Zarubezhneft said…
