Air conditioner imports from Thailand were valued at about $16 million last year – a fraction of the total $5 billion Thailand earned from its air conditioner exports to international markets, the country’s Department of International Trade Promotion at the Ministry of Commerce said.
The German Corporation for International Cooperation (GIZ) held a workshop last week to raise farmers’ awareness of the importance of insuring crops, as the Kingdom’s journey to implement a full crop insurance policy to help rice farmers at risk of losing crops drags on.
EXPORTS from the Sihanoukville Special Economic Zone (SSEZ) were valued at $372 million last year – up 68 per cent compared to 2017 – according to a statement from the Council for the Development of Cambodia.
Prime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures.
Pig farmers are hesitating to start even family-owned businesses despite higher prices staying stable for over six months. Insiders, meanwhile, offer mixed verdicts on the state of the industry, which they say lacks regulation.
Pharma Product Manufacturing Co Ltd (PPM) is a local producer of pharmaceutical products launched in 1996. In its nearly 23 years of operation, the company has played a big role in the Kingdom’s pharmaceutical industry, both socially and economically.
Those wishing to export their goods to the EU under the tax-free preferential scheme, Everything but Arms (EBA), are no longer required to apply for a Certificate of Origin (CO), according to a joint announcement from the ministries of Commerce, and Economy and Finance on Monday.
A $20 million food production project in the Mekong River provinces is yielding just 60 tonnes of vegetables a day out of its 160-tonne daily goal, a Ministry of Agriculture official said.
A solar power plant worth more than $58 million, which is under construction in Kampong Speu province, will start installing 200,000 solar modules in January next year and begin operating late next year, said solar panel supplier JinkoSolar Holding Co Ltd.
The Kingdom plans to increase electric power supply to 2,870.65MW next year, up from 2,650.26MW this year, according to the Electricity Authority of Cambodia’s (EAC) 2018 annual report that The Post obtained on Thursday.