Thai Embassy’s Foreign Trade Promotion Office (FTPO) released statistics by showing that international trade between Cambodia and Thailand has increased more than 80 percent during the first four months of 2010, compared to the same period last year. During April 2010, the bilateral trade was estimated to total USD$386 million alone. Exchanged goods with neighboring [...]
In order to ease the traffic jams along Preah Monivong Blvd in Phnom Penh, the first “Sky Bridge” had been built with worth of US$6 million. Construction of overpass also serves as model for future overpasses in the Cambodia’s capital. On Thursday, Cambodia’s prime minister Hun Sen inaugurated ribbon-cutting ceremony to officially open this sky [...]
Preah Sihanouk provincial governor Sboang Sarath issued a notice dated on June 16 to all business owners on Otres beach, including guesthouse, restaurant and bar to relocate within one week. Around 70 business owners on this beach are ordered to remove by June 30. If not meet the new deadline, authorities will evict them and [...]
According to the Indochina Rechearch Ltd’s new survey, most of beverage sector in Cambodia spent estimated US$1.3 million on promotion on advertising in May. It also found that the drinks sector to be Cambodia’s highest-spending sector. The last year, the beverage sector has spent almost US$6 million to date on advertising. The Indochina Research Ltd [...]
Tourism industry is one of the main sectors to increase the national revenue from foreign tourists who like visiting historic sites, eco-tourism and beaches. By the way, Cambodia’s beaches have 450km of coastline stretching from Koh Kong to Kep province, recognized by an international body. Cambodia applied for membership t an organization called the World’s [...]
The National Bank of Cambodia (NBC) gave in-principle approval to the Bank of China (BOC) to operate its first branch in Phnom Penh. The Bank of China would come to facilitate trade and investment between Cambodia and China. This year, NBC approved three foreign banks to operate in Cambodia, including the Bank of Agriculture and [...]
It is the third time that the National Bank of Cambodia (NBC) sold off US$ 1 million to stabilize the depreciation of national currency (Riel) according to a statement on Monday, signed by Nguon Sokha, Deputy Director General of National Bank of Cambodia. A total of US$ 3 million was to be auctioned off to [...]