Cambodia has received a first batch of salt imported from India, after unseasonable rains since the beginning of the year melted away domestic yields below half of the expected nationwide demand for 2022. Salt production reached around 40,000 tonnes in 2022, compared to more than 75,000 tonnes in 2021, according to the General Department of Small and Medium Enterprises and Handicrafts under the Ministry of Industry, Science, Technology and Innovation. The coastal provinces of Kampot and Kep are Cambodia’s primary salt producers, and the harvest season typically lasts from late December to mid-May, or even until June with hotter and…
Author: Hin Pisei
Kampong Seila Special Economic Zone Co Ltd on July 29 signed a memorandum of understanding (MoU) with Environmental Protection Industry Associations of Cambodia (EPIAC) in a bid to promote environmental protection at the namesake special economic zone (SEZ) in Preah Sihanouk province and enhance its appeal for investors, according to the head of the SEZ’s developer and operator. Kampong Seila Special Economic Zone Co Ltd director-general Keo Mom, who is also CEO of LY LY Food Industry Co Ltd (Lyly Food), one of the Kingdom’s largest food processors, told The Post that she signed the MoU along with EPIAC executive…
Cambodia’s sole exporter of cashew nuts to Japan is set to resume shipments in mid-September, after it sent its last consignment in March, before Tokyo began requesting an additional certificate, a requirement it had waived in light of Covid-19, according to the enterprise’s owner. In collaboration with Japanese company Top Planning Japan Co Ltd (TPJ), Chey Sambor Cashew Nut Processing Handicrafts – based in southwestern Kampong Thom province’s Kampong Svay district – began exporting organic processed cashew nuts to the East Asian market last year and has since shipped more than 45 tonnes. However, Japanese authorities have started enforcing the…
The Council for the Development of Cambodia’s (CDC) three notices issued in July indicate that the government’s highest decision-making body for large-scale investments approved eight projects – half of them in garments – with capital commitment of over $117 million, expected to create 7,917 new jobs. The most valuable of the four garment factories was Best Beauty Co Ltd’s $5.1 million project in Kandal province’s Takhmao town, which is anticipated to deliver 2,236 new jobs. The other three were those invested by Xin Mei Da (Cambodia) Garment Co Ltd ($3.6 million; Meanchey district, Phnom Penh; 997 jobs), WL Wei Lian…
Agricultural exports to China in the 14 quarters to June 30 amounted to 2.4 million tonnes, worth $1.942 billion, said a Chinese embassy report citing Cambodian agriculture ministry data, as the government’s new policies to boost productivity in the field and turn the Kingdom into a major exporter in the sector show positive results. The embassy listed fresh bananas; milled rice; dried cassava, tapioca starch and cassava pulp; dried and fresh mangoes; cashew nuts; and cocoa powder as prime Cambodian agricultural exports to China over the 1,277-day period. Speaking to The Post on July 28, Hun Lak, Cambodia Rice Federation…
The Council for the Development of Cambodia (CDC) on July 26 said it approved 127 Singapore-owned investment projects worth $1.53 billion as of June 30, since it was established in 1994. The CDC, the government’s highest decision-making body for large-scale investments, revealed this in a press release issued in conjunction with a webinar on “Discovering Cambodia – Insight into the Business Opportunities in Cambodia” held on the same day, organised by the Singapore Business Federation and the Council for the Development of Cambodia. The release listed tourism, manufacturing and infrastructure as top areas of Singaporean investment. CDC secretary-general Sok Chenda…
A total of 1,679 new construction projects were approved nationwide in the first five months of 2022, down by 150 developments or 8.20 per cent year-on-year, even after the government in November moved to allow a broader resumption of socio-economic activity as Covid-19 eased, which fuelled a rebound in trade. The investment commitment for the projects stood at $952 million, representing a 59.5 per cent drop year-on-year from $2.35 billion. Nearly 90.77 per cent of the projects, or 1,524, were for residential developments, marking a 5.16 per cent drop from 1,607 in January-May 2021, according to the Ministry of Economy…
The investment landscape in Cambodia showed a marked recovery over the first five months of 2022, during which the Council for the Development of Cambodia (CDC) approved 63 private investment projects outside of the Kingdom’s special economic zones (SEZ), 18 ventures more than in the same period last year, according to the finance ministry. The projects had a total investment commitment of $2.3 billion, up by 183.1 per cent year-on-year, and were expected to create about 52,000 new jobs, up by 70.3 per cent, the Ministry of Economy and Finance said in its May 2022 Socio-Economic Trends report. The top…
A business delegation of about 70 Thai companies is due to visit Cambodia on August 5 in a bid to further strengthen business, trade and investment cooperation between the two countries as well as their primary trade bodies, the Ministry of Commerce announced on July 22. According to a commerce ministry statement, details of next month’s trade mission were revealed at a July 22 meeting between ministry secretary of state Seang Thay and a Thai Chamber of Commerce (TCC) delegation, which was attended by senior ministry officials and Cambodia Chamber of Commerce (CCC) representatives. It noted that the mission will…
The strengthening of the logistics relationship with Thailand will help the transport sector in Cambodia reduce costs and time, thereby luring more investment. To make this deal sacrosanct, Ministry of Public Works and Transport secretary of state Koy Sodany and Danucha Pichayanan, secretary-general of Thailand’s National Economic and Social Development Council (NESDC), signed a memorandum of understanding (MoU) on July 19 in Bangkok, Thailand. The MoU is aimed at establishing cooperation in the spirit of mutual understanding and a goodwill framework, and enhancing closer ties between both countries in the field of logistics. According to the deal, both parties will…