Economy
The increase in Bio-diesel production
Producing bio-diesel from jatropha will increase from 100 liters up to 600 liters per day starting from early March. Joint venture company located in Kampong Speu province was started up between Cambodia and Japana, NCT Jacam Energy since mid-October, 2009.
The first start of production, this firm has produced only 100 liters of bio-diesel from Jatropha [...]
Phnom Penh Pork demand increased 20 pc
Banning the import of pork from Thailand made the increase of demand for pork in Phnom Penh up to 20 percent in the past year by requiring about 2,000 pigs per day.
“We may face a serious shortage of pork at market in the future if the well-to-do in the country are not quick [...]
China loans $1.2bn for Cambodia
Chinese Vice President Xi Jinping officially has visited Cambodia during a three-day state visit. China agreed to give US$1.2 billion in interest-free loans for Cambodia’s economic development in 14 different agreements during a signing ceremony at the Council of Ministers.
Khieu Kanharith, Information Minister and government spokesman, told reporters during a press conference that Cambodia accepts [...]
NBC warned counterfeit money exchange
In order to maintain the interest of tourists and general public in Cambodia to avoid the exploitation of exchange rates among of the money exchange shops, and all currency conversation business, National Bank of Cambodia (BNC) announced that money exchange shops must show license.
Chea Chanto, NBC’s governor, also has warned tourists and the public to [...]
Russian trade increased 30pc
Since the bilateral trade between Cambodian and Russia increased 30 percent, even though the Russian investment in Cambodia is estimated to be lower this year, compared to the last year.
Dilyara Borovik, a counselor at the Russian Embassy, gave a speech at the an event to mark the 30th anniversary of the Russian Cultural Center in [...]
Cambodia-Vietnam Trade dropped 28 pc
Within the month of October of 2009, the bilateral trade between Cambodia and Vietnam declined by 28 percent, compared to the same time last year, According to Le Bien Cuong, the Commercial Attaché at the Vietnamese Embassy to the media.
The latest figures reveal the trades between Cambodia and Vietnam this year, totaling US$1.049 billion with [...]
Property Tax Confusion Stalls Market
Confusion and hesitation over a new law on property taxes have shocked the country’s real estate market, which has yet to recover from the global economic downturn, financial analysts say.
According to the law, passed by the National Assembly earlier this month, taxes will be levied on land, houses and buildings worth more than 100 million [...]