Onion Mobility Co Ltd has reportedly sold “more than 500” units of its locally-assembled ONiON T1 electric rickshaw since pre-orders began late last year, a successful milestone in its ambitions to cut down pollution and reduce the costs of getting around in Cambodia, according to administration and human resources manager Met Sopha. The three-wheelers are made at a factory located in the Suvannaphum Investment Special Economic Zone (SEZ) of Samrong Ka’er III village, Samrong Thom commune, Kien Svay district, Kandal province along National Road 1. The facility was officially launched on May 24, 2022 after a months-long period of trial…
Author: Hin Pisei
Rebounding regional travel to Cambodia has driven a stronger-than-expected recovery in the domestic tourism industry, as Thailand and Vietnam alone accounted for 58.52 per cent of all January-August international visitors here, although a significant return of visitors from more distant locations remains elusive, industry players say. The comments come after Minister of Tourism Thong Khon on September 9 disclosed that Cambodia is expected to receive between 1.5 and two million international visitors this year, after his ministry revealed the figure for the first eight months of this year, at 998,272, which would imply a pick-up in arrivals over the remaining…
Toyota Tsusho Manufacturing (Cambodia) Co Ltd has received the official green light for their proposed $36.7 million vehicle-assembly plant in Royal Group Phnom Penh Special Economic Zone, located just southwest of the capital’s airport. The Council for the Development of Cambodia (CDC) on September 8 affirmed that its Cambodia Special Economic Zone Board (CSEZB) had agreed to issue a final registration certificate for the venture, noting that it is expected to create 150 jobs. Speaking to The Post on September 8, Hong Vanak, director of International Economics at the Royal Academy of Cambodia, commented that the Kingdom is attracting direct…
Cambodia may formally begin commercially shipping fresh longan directly to China as early as this month, senior agriculture officials are saying, as stakeholders anxiously await for Beijing to reveal the results of a final assessment, involving the orchards as well as the processing and packaging facilities registered to produce or handle the fruit for export. Longan – also known by the botanical name Dimocarpus longan – is a tropical evergreen tree species native to Asia that produces white-fleshed edible fruit of the soapberry family, which also includes lychees and rambutan. The most renowned variety is the Pailin longan, named after…
State budget revenue collection reached 16.430 trillion riel ($3.986 billion) in first eight months of this year, or 70 per cent of the full-year target, as fiscal revenue “continues to contribute as high as 93 per cent”, Minister of Economy and Finance Aun Pornmoniroth said in a statement. The minister revealed these figures at a September 6 meeting on a joint action plan for public financial management reforms, as noted by the statement released in conjunction with the event. During the same period, the national general public budget expenditure came to 15.271 trillion riel, or 57 per cent of the…
Cambodia and Australia on September 5 reaffirmed their commitment to strengthening bilateral trade cooperation, as trade between the two countries in the first seven months of 2022 witnessed a 127.1 per cent jump on a yearly basis. This came during a meeting between Minister of Commerce Pan Sorasak and Australian ambassador to Cambodia Pablo Kang at the commerce ministry, the ministry affirmed in a statement. From January-July, trade between the two countries amounted to $320.210 million, versus the $140.996 million logged in the year-ago period, according to the General Department of Customs and Excise of Cambodia. Cambodian exports to Australia…
A pig feed mill invested by local agricultural conglomerate Mong Reththy Group to the tune of $54 million is expected to go online by end-February 2023, with annual production capacity of “about 360,000 tonnes”, company chairman Mong Reththy revealed. The update was greeted with optimism from industry insiders that the uptick in domestic livestock feed production would greatly boost household incomes and stimulate the national economy. The new plant sits on a 24ha plot in Preah Sihanouk province’s Prey Nop district, and the investment capital is broken into three components: $24 million in land-related costs, $15 million in construction and…
Four condominium projects – categorised as either “mid-range” or “affordable” – were completed and ready for move-ins in the second quarter of this year, adding 3,204 units to Phnom Penh’s supply, 9.5 per cent more than in the previous quarter, raising the total to more than 36,000 units as of June 30, according to a new report by real estate firm CBRE Cambodia released on September 2. The company, the local affiliate of US commercial real estate services and investment firm CBRE Group Inc, categorises condominium projects as “high-range”, “mid-range” and “affordable”. In its “Phnom Penh Market Insights Q2” research…
Cambodia and Thailand have agreed on an 11-point 2023-2025 joint action plan for tourism cooperation as the sector emerges into a post-Covid-19 reality, after the former registered an on-year jump of 157.1 per cent in visitors from the latter over the first half of 2022, according to the tourism ministry. During the January-June period, visitors to Cambodia from Thailand numbered 134,432, or equivalent to 26.53 per cent of all international travellers, at 506,762, which was up by 394.1 per cent year-on-year, Ministry of Tourism figures revealed. According to a ministry statement, the plan was agreed at the sixth meeting of…
Cambodia imported $215.26 million worth of iron and steel in the first seven months of 2022, up by 20.1 per cent over the $179.18 million logged in the same period in 2021, Customs reported, as the construction sector and general economic situation in the Kingdom continue to improve. This accounted for 1.13 per cent of the value of the Kingdom’s total imports over the period, at more than $19.051 billion, data from the General Department of Customs and Excise of Cambodia show. In July alone, iron and steel imports amounted to $29.49 million, up by 20.6 per cent from the…