Page 3 - Ken Loo News Today

Share Gov’t relaxes Covid-19 rules for industrial sector Wed, 21 July 2021 The government gave the nod to a handful of requests from the private sector to mitigate some of the consequences of Covid-19 control measures felt at factories and manufacturing enterprises. From June 11-16, four business associations independently submitted letters to the government appealing for reprieve from some of the strictest restrictions provided by the Action Plan on Measures to Control Covid-19 at Factories ...

With the prevailing Covid-19 situation and prolonged international trade tensions, Cambodia’s growth outlook remains uncertain.

With economic uncertainty brought about by the spread of Covid-19 pandemic, the Kingdom’s 2021 business confidence index fell to 46.1 per cent from 52.9 per cent in 2019, according to the European Chamber of Commerce in Cambodia (EuroCham). On the other hand, businesses are optimistic about future economic recovery as 56 per cent plan to invest further in the Kingdom over the next 12 months, the trade body said in its Business Confidence Survey 2021: In the Time of Covid-19. Conducted from No...

Share Cambodian exports to the US were to the tune of $6.5777 billion in 2020, up by 22.79 per cent from the $5.3568 billion posted in 2019, while imports clocked in at $343.6 million, down by 33.15 per cent from $514 million, according to data from the US Census Bureau. Heng Chivoan Cambodian exports to US soar 17% in Q1 Tue, 18 May 2021 The Kingdom’s total goods exports to the US, the world’s largest economy in nominal terms, sharply increased in the first quarter of the year to attain ne...

Share A woman sells vegetable on a pavement in Phnom Penh’s Por Sen Chey district. Hean Rangsey The pandemic so far – Taking stock of economic losses, starting with the garment sector Fri, 7 May 2021 The latest wave is sweeping through the Kingdom’s society and key economic sectors, thwarting growth just as it was on recovery mode "We are still evaluating [economic losses],” was the brief yet grim answer Meas Soksensan, Ministry of Economy and Finance (MEF) spokesman offered as anxiety ...

Share Govt committed to expand BFC to travel goods Thu, 6 May 2021 The Cambodian government, through the Ministry of Labour and Vocational Training, is committed to expanding the scope of the implementation of the Better Factories Cambodia (BFC) project to travel goods and bag factories to boost competitiveness in the industry. Ministry secretary of state Heng Sour made the remark on May 6 during a meeting with the US Trade Representative (USTR) via video link. The meeting focused on the Cambod...

BenarNews Laos on Monday saw its biggest jump in cases of COVID-19, the disease caused by the coronavirus, since the pandemic began more than a year ago, as the impoverished nation expanded a lockdown and added additional capacity at treatment centers to deal with the drastic rise in infections. Rattanaxay Phetsouvanh, director general of the Communicable Disease Control Department under the Ministry of Health, told reporters during a news conference Monday that authorities had te...

Share Factory owners and directors in the bag, travel-goods, textile and garment export sectors have been told to register with Better Factories Cambodia (BFC) and obtain certification on working conditions. Post Staff Ministries: Join BFC or lose export privileges Tue, 23 February 2021 Two ministries on February 22 ordered factory owners and directors in the textile, garment, bag and travel-goods export sectors to register with Better Factories Cambodia (BFC) and obtain certification on workin...

Share UK envoy vows stronger trade Sun, 21 February 2021 The British Prime Minister’s trade envoy to Cambodia, Laos and Vietnam on February 18 pledged to give her all to mobilise British investors and businessmen to analyse and maximise investment and trade potential and advantages in Cambodia and reap the full benefits of the ASEAN country’s preferential trade tariffs. Heather Wheeler, who is also Conservative member of Parliament (MP) for South Derbyshire district, made the remark at a di...

Share Rice inventories are at risk of expanding if exports are pressured by high ocean freight rates. Heng Chivoan Cambodia’s export-import challenged by staggering ocean freight rates Thu, 28 January 2021 Global surge in container shipping rates are pressing shippers who have had to absorb 25 to 30 per cent of costs at a time when every penny matters ‘Crazy world,” Song Saran, president of Cambodia Rice Federation (CRF), exclaimed in the company of industry players on the sharp uptick o...