Artisan Angkor Silks Aims to Expand Khmer Silk Production with 15-Hectare Mulberry Plantation
Siem Reap-based Artisan Angkor Company is embarking on an ambitious project to bolster Khmer silk production. The company representatives met with Lok Chumteav Im Rachana, Undersecretary of State of the Ministry of Agriculture, Forestry and Fisheries, to discuss plans for a new 15-hectare mulberry tree plantation, on 18 May 2024. This initiative signifies a commitment […]
Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the […]
Asian countries do business with China, lose more than profit, but still can not leave China
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia’s trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while […]
Cambodia and Korea Strengthen Trade Ties with $751 Million Volume and New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
Kampot Unveils Plans to Enchant Tourists with Floating Market and Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]