Cambodia exported $3.784 billion worth of garment, textile and footwear (GTF) products to the international market in the first half of this year, dipping 5.4 per cent from the same time last year, Ministry of Labour and Vocational Training spokesperson Heng Sour said on Wednesday.
Cambodia Fintech Association (CFA) and Cambodia Association of Finance and Technology (CAFT) announced plans to merge into a heavyweight player in the Kingdom’s fintech industry and better serve the community.
Though Cambodia’s exports to other countries have been stalled amid the evolving Covid-19 environment, the Kingdom’s shipments to the US were worth 25.94 per cent more in the first five months of this year than they were in the year-ago period.
Chinese smart supply chain solutions and logistics services giant BEST Inc has expanded into Cambodia as part of its plans to build an efficient logistics network across Southeast Asia.
The Artisans’ Association of Cambodia (AAC), a membership-based organisation for craft producers and sellers, seeks government support in pursuing economic diversification beyond the coronavirus-hit tourism sector.
Despite the significant jump in movement of agricultural products for export, no remarkable gains in freight transport activity have been recorded over the past six months, industry insiders have said.
A 700 MW coal-fired power plant in Preah Sihanouk province is set to begin construction soon, as authorities announce they have completed an environmental and social impact review.
The Electricity Authority of Cambodia (EAC) said the Kingdom will not face a power shortage during this year’s dry season, as demand for electricity had declined due to the Covid-19 pandemic.
Contract farming in Cambodia has witnessed sharp growth this year, with 516 contracts signed so far this year, eclipsing the 498 for the whole of last year – proving the merits of the scheme, Minister of Agriculture, Forestry and Fisheries Veng Sakhon said on Thursday.