Thailand's SNC Former PCL plans to set up a high-tech training institute in Cambodia to support the growth of the fourth industrial revolution (IR4) that would help develop human resources and raise Cambodia’s competitiveness in attracting foreign direct investment.
Cambodia is set to begin its second decennial agricultural census on April 1, 2023, a statistical operation for gathering and interpreting information covering all aspects of agriculture to serve as a basis for policies, strategies, action plans and projects aimed at promoting socio-economic development.
The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit Cambodia Year 2023” campaign draws near.
Hotels and tourist-oriented accommodation businesses classified as small or medium taxpayers are no longer required to register for a rating – based on a one-to-five star system – for their establishments or pay for the service as of August 4 until further notice, according to a notice issued by the Ministry of Tourism on the same day.
The commerce ministry and apex garment makers’ body have expressed concern over a decline in purchase orders from Western nations, Cambodia’s main garment export market, after members of the association reported reductions and revisions in contracts.
The US’ tariff exemptions on solar cell and module imports from Cambodia have led to a series of proposals for solar panel factories in the Kingdom in recent months, which prominent business players have lauded as a springboard to diversify renewable energy exports.
The government continues to prepare its “special tourist policy” to support growth in the ailing travel industry and add value to the sector by attracting various classes of visitors including long-stays, repeats, high spenders, potential investors and others who may become involved in socio-economic development.
The Cambodia Travel Goods and Leather Association (CTLA) was made official on August 6 to better support and represent an industry that has experienced extraordinary growth in the past few years.
Feed the Future Cambodia Harvest III, a US Agency for International Development (USAID)-funded project, is expected to raise about $153 million for private sector investment, agricultural-related financing and the sale of agricultural products.