Page 5 - Sin Chanthy News Today

The strengthening of the logistics relationship with Thailand will help the transport sector in Cambodia reduce costs and time, thereby luring more investment.

A World Bank report has laid bare weaknesses in Cambodia’s logistics sector which can weigh down its competitiveness, while offering solutions that could bring it up to speed in a fast-evolving global supply chain

Cambodia is expected to face relatively few issues associated with food shortages as the Russia-Ukraine conflict drags on, according to a Phnom Penh-based senior economist at the World Bank (WB). The assertion comes as the Washington-based multilateral development lender on June 30 maintained its economic growth projection for Cambodia at “about 4.5 per cent” this year.

An under-construction $1.5 million medium-sized multi-purpose sea wharf in Koh Kong province is on course to be inaugurated at the end of 2022, to boost tourism and goods trade with neighbouring countries, the public works ministry reported.

A delegation of the Cambodia Logistics Association (CLA) is in Laos from June 21-23 to explore the particulars of setting up an effective railway line connecting the Kingdom to its northern neighbour that could best save transport time and costs.

A delegation of the Cambodia Logistics Association (CLA) is in Laos from June 21-23 to explore the particulars of setting up an effective railway line connecting the Kingdom to its northern neighbour that could best save transport time and costs.

The Ministry of Economy and Finance and World Bank (WB) are looking at in-depth strategies to reduce logistics costs in Cambodia, given the impact of Covid-19 on the global supply chain.

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system.

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system.

The global rise in fuel prices caused by the Ukraine conflict has pushed shipping prices in Cambodia up by 15-20 per cent compared to April, transport industry insiders and exporters have said, causing production costs in the Kingdom to rise across the board as a result.