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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 gripped key economic sectors in the latest wave of Covid-19 infections.
As of May 6, 114 people had died while positive coronavirus cases have surged to 17,621, more than 30-fold from the cases registered on February 20, when the first community transmitted case was detected this year.
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 Cambodia Kamei Haruko, government officials and other stakeholders on Monday (April 12).
Koy Sodany, secretary of state at the Ministry of Public Works and Transport, said the meeting was aimed at gathering input and feedback from all stakeholders, with the goal of creating a database and information system to implement this project smoothly and efficiently.
Cambodia, JICA join hands to improve logistics system phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
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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 of ocean freight rates.
The rates, which have been rising since the second half of 2020, are now five to 10 times more than a year ago, resulting in a 30 to 35 per cent additional cost on import-export trade in Cambodia.