Cambodia is on course to be the next Asian Tiger, and that is good news for America. Ford Motors recently announced that it is building a $21 million assembly plant in the Pursat province of Cambodia. And the recent virtual business summit showcased the ease of doing business in Cambodia experienced by U.S. companies in…
CBRE Cambodia senior manager Kim Kinkesa told The Post on October 27 that the Cambodia retail rental market has been in steady decline since the global outbreak of Covid-19 early last year. The launch of three new retail centres in the third quarter of this year has brought the total retail space in the capital…
Cambodia will add 495MW of solar power capacity from seven projects by 2023, which will represent “20 per cent” of the total energy supply by then, as the world looks to harness the sun as a key source of renewable electric power in the fight against climate change, according to a senior energy official on…
In a bid to quickly reopen the country to international tourists, Cambodia will implement a sandbox scheme to allow quarantine-free visits for those who are fully-vaccinated to Sihanoukville, Koh Rong island and the Dara Sakor Resort in Koh Kong province from November 30. The Quarantine Free Safe Tourism package will apply to tourists who book…
The Cambodia-South Korea Free Trade Agreement (CK FTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. Cambodia Ministry undersecretary of state Pen Sovicheat told The Post on…
The Ministry of Economy and Finance has awarded a master plan consultancy contract to a top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics and resort hub and innovation centre. The master plan will serve as a key roadmap to develop…
Cambodia economic growth is expected to be around two per cent this year and five per cent in 2022 with extensive government support and a recovery in external demand, according to the International Monetary Fund (IMF). An IMF team led by senior economist Alasdair Scott conducted virtual discussions for the 2021 Article IV consultation with…
Kampot International Tourism Port – slated to be completed by end-2021 – will become an international maritime gateway, a vital component in the national transportation system, and an important magnet for national and international tourists, according to Minister of Tourism Thong Khon. The minister made the remark on September 29 during an inspection of the…
