Economy and commerce
Investment
Weather station upgrades brighten outlook for forecasters
The Japanese government has supported the improvement of weather recording equipment and facilities which were handed over last Saturday to the Meteorology and Hydrology Department. The project was handed over to the department under the Ministry of Natural Resources and Environment by the Japan International ...
Singapore hopes to be part of Laos’ growth story: PM Lee
Laos’ leaders have ambitious plans for the country, and Singapore hopes to be part of Laos’ growth story, Prime Minister Lee HsienLoong said on Tuesday. Speaking at an official dinner at the Istana for visiting Lao Prime Minister Thongloun Sisoulith, Mr Lee noted that Singapore ...
Start-up for refinery construction
Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. Cambodian Petrochemical Company (CPC) formed a joint venture with China Perfect Machinery Industry Corp (Sinomach) for ...
New rules could stymie education FDI
Experts have objected to several provisions of a draft decree on foreign investment in education saying they need further clarification and revision. They expressed their opinions at a consultative workshop held last week on a draft decree prepared by the Ministry of Education and Training. ...
VN lacks tools to net pyramid sharks
Viet Nam lacks the legal wherewithal to deal comprehensively with dubious multilevel marketing companies operating in the country, officials say. While a crackdown on pyramid schemes by the Vietnam Competition Authority has made some headway, authorities are unable to exercise due control over the multilevel ...
Private sector sees export growth rising by up to 3.5 per cent
A peak grouping of private-sector financial organisations has raised its forecast for this year’s export growth to 2-3.5 per cent amid a pick-up in the global economy. But the Joint Standing Committee on Commerce, Industry and Banking warns that uncertainties over the trade policies of the ...
Local silk industry seeks Chinese support
More than 20 local silk companies and producers are seeking the support of Chinese silk experts, in the form of joint ventures, to help them raise silkworms and cultivate mulberry trees. The companies made this call at a business matching event with representatives from the ...
CRF urges millers to pay up
The Cambodia Rice Federation will hold a meeting with milled rice exporters tomorrow to enforce the payment of fees for the federation’s operations. The meeting comes amid criticism from exporters that the CRF had done nothing to boost their exports and seek new markets. Hun Lak, ...
Rice millers balk at export fees
Numerous members of the Cambodia Rice Federation, the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. According ...
Illicit trade costs millions
Illicit financial flows in and out of Cambodia starved the Kingdom of at least $360 million in lost taxes annually between 2005 and 2014, according to a new report. The US-based nonprofit Global Financial Integrity measured illicit financial flows – the illegal movement of money ...
