The Council for the Development of Cambodia (CDC) announced on its Facebook page on Thursday that it had approved a $2.7 million rubber processing factory in Tbong Khmum province.
Chinese-based Guangbo Group Stock Co Ltd plans to open a stationery and sports products factory in the Kingdom, following a successful meeting on Tuesday between the group’s president Wang Liping and Cambodian Minister of Commerce Pan Sorasak.
The government last week approved the construction of a hydroelectric dam and supplemental solar power stations with a total electrical capacity of 220MW, as the Kingdom continues battling a national electricity shortage.
The tourism industry could save some $400 million from the control of imported tourism-based products to the Kingdom, Minister of Tourism Thong Khon said on Wednesday.
Thailand has put a restriction on agricultural product imports from neighbouring countries. The move may impact Cambodian cassava exports, which rely mostly on the Thai market, according to an announcement from the Ministry of Agriculture, Forestry and Fisheries.
Cambodia's mining industry is expected to be viable from late this year at the commencement of the mine harvesting period, according to Ministry of Mines and Energy secretary of state Meng Saktheara.
The Kingdom generated more than $35 million from ticket sales to the Angkor Archaeological Park – its main tourism site – in the first three months of this year, a nine per cent drop on the same period last year, Angkor Enterprise data shows.
Along with the rapid growth of the Kingdom’s construction industry, use of architectural services has also dramatically increased.