Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday said.
Malaysia-based poultry producer Leong Hup International Bhd unveiled its plans to set up operations in Cambodia, where it already exports chicks and chicken feed, after successfully raising $247 million from its initial public offering (IPO) on the Malaysian stock exchange.
The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday.
In the first quarter of this year, cargo traffic through the Sihanoukville Autonomous Port rose 16 per cent year-on-year, according to Minister of Public Works and Transport Sun Chanthol.
The Kampong Speu Palm Sugar Promotion Association (KSPSPA) has expressed optimism that the EU’s recognition of Kampong Speu palm sugar will strengthen the Kingdom’s palm sugar market and better serve farmers.
Cambodia's rubber exports increased 23 per cent in the first quarter of this year on the same period last year, while rubber prices continue to decrease, according to figures from the General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries.