Page 9 - Sin Chanthy News Today

But breathing life back into a pandemic-ridden economy might need overhauling the old system to fit a new order

The Ministry of Public Works and Transport on May 15 said it is preparing to expand Sihanoukville Autonomous Port and set up an Electronic Data Interchange (EDI) system at the Kingdom’s ports to ramp up inventory and logistics control and boost exports.

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 ...

The Kingdom exported $2.410 billion worth of garments, footwear and travel goods in the first quarter of this year, shrinking 6.48 per cent from the $2.577 billion posted in the corresponding period of 2020, according to data from the General Department of Customs and Excise of Cambodia.

Tue, 27 April 2021 Construction of a new container terminal of Sihanoukville Autonomous Port has been delayed to early next year due to slower-than-planned layout design, according to the management. Japan International Cooperation Agency (JICA) is to provide an Official Development Assistance (ODA) loan for the first phase of the new terminal to the tune of 23,502,000,000 yen ($218 million). The 350m-long and 14.5m-deep container terminal was originally scheduled to begin construction in mid-2...

Share Travel ban repeal lifts private sector’s spirits Mon, 26 April 2021 The private sector welcomed the governments decision to reopen inter-provincial travel, saying the move will remove challenges brought about by the lockdown and lead to steady improvement in Cambodia’s economic activity. Royal Government Circular No 53, dated April 25, ended an inter-provincial travel ban and closures of tourism resorts nationwide imposed on April 6 and April 17 respectively in a bid to curb the sprea...

PHNOM PENH (The Phnom Penh Post/ANN): Cambodia is collaborating with Japan International Cooperation Agency (JICA) on an ongoing project to improve the logistics system in Cambodia in a bid to boost the efficiency of freight traffic through reduced cost of shipping and internationally competitive logistics. Entitled "Implementation of the project to better the logistics system of Cambodia (Phase 2)", the scheme was launched during a video conference meeting attended by JICA representative to Ca...

Customs clearance revenue on vehicles fell by 40 per cent in 2020 from a year earlier. - The Phnom Penh Post/ANN PHNOM PENH, Feb 13 (Phnom Penh Post/ANN): Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 per cent in 2020 from a year earlier. In a February 1 letter addressed to Prime Ministe...

Share Customs clearance revenue on vehicles fell by 40 per cent in 2020 from a year earlier. Heng Chivoan Vehicle import duty cuts proposed Thu, 11 February 2021 Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 per cent in 2020 from a year earlier. In a February 1 letter addressed to Prime Minister Hun Sen ...

The Kingdom’s exporters have expressed deepening concerns about spiralling shipping costs, which could diminish this year’s trade figures if prolonged.