Cambodia and Turkey aim to boost bilateral tr ade up to $1 billion per year, according to a post on Prime Minister Hun Sen’s Facebook page.
Cambodia and the EU have discussed extending the implementation of the Joint European Development Cooperation Strategy for Cambodia 2014-2019 a further 10 years, according to a Thursday press release from the Council for the Development of Cambodia.
Cambodia earned more than $50 million from ticket sales to the Angkor Archaeological Park in the first five months of this year – an 8.5 per cent decrease compared to the same period last year, Angkor Enterprise figures showed.
A delegation from the US Trade Representative and the US Department of State is visiting Cambodia this week to discuss bilateral trade issues, including automobile standards and the Kingdom’s labour situation.
Cambodia needs to be better prepared to attract and accommodate a new type of Chinese tourist, said Hamburg, Germany-based China Outbound Tourism Research Institute (Cotri).
Ooctane, a Cambodian venture capital firm backed by local logistics company Worldbridge Group, has identified potential start-ups in the Kingdom to fund, saying it has reserved $55 million for Cambodia’s growing number of entrepreneurs.
Prime Minister Hun Sen delivered a speech on Wednesday highlighting Cambodia’s potential and its economic growth to court more Japanese investors to the Kingdom.
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP), a state-owned enterprise, generated nearly $6 million in the first quarter of this year, a more than 25 per cent increase compared to the same period last year, a quarterly report filed with CSX said.
Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday.
Thailand’s Siam Cement Group Public Company Limited (SCG) on Tuesday reported strong growth in the Cambodian market during this year’s first quarter, citing a nine per cent year-on-year increase in sales revenue.