The Ministry of Agriculture, Forestry and Fisheries expects to receive €80 million ($95 million) in loans this year from the French government and Asian Development Bank (ADB) to develop two projects that support Cambodian agricultural value chains.
State-run energy supplier Electricite du Cambodge (EdC) has commissioned a 115kV high-voltage substation to supply Phnom Penh residents with power as demand soars, according to its director-general Keo Rottanak.
South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post.
The Kingdom exported $17.21537 billion worth of goods last year, up by 16.72 per cent from $14.74874 billion in 2019, even as the Covid-19 pandemic upended the world economy and slowed global trade to a crawl.
Prime Minister Hun Sen on April 1 appealed to Cambodians’ sense of patriotism to use more local products and called on producers to provide an extra dose of care in their operations to win over consumers.
Cambodia exported $755.34 million worth of electrical equipment and electronic components to international markets in 2020, up 31.49 per cent compared to $574.44 million in 2019, according to the Ministry of Commerce.
The Cambodian embassy in Bangkok said it has helped bring more than 60 Cambodian products to showcase at the 54th Diplomatic Red Cross Bazaar now being held in the Thai capital to raise money to support the royal family’s humanitarian work.
Thirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25.
Conch KT Cement (Phnom Penh) Co Ltd plans to build a $263 million cement factory in Kampong Speu province with a two-million-tonne-a-year capacity, according to provincial governor Vei Samnang on March 18.
Chinese investors are thronging the picturesque and sleepy Kampong Speu in search of opportunities amid the province’s ongoing socio-economic transformation, even as Covid-19 rages on, according to the provincial governor on March 17.