Thursday, December 12, 2019
No Result
View All Result
Khmer Daily Cambodia News
  • LATEST
  • CAMBODIA
  • ASEAN
  • WORLD
  • BUSINESS
  • Entertainment
    • All
    • Gaming
    • Sports
    PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    Angelina Jolie REVEALS her Cambodian citizenship and home in Cambodia

    Angelina Jolie REVEALS her Cambodian citizenship and home in Cambodia

    Fifa, ASEAN sign MoU with eye on co-hosting 2034 World Cup

    Fifa, ASEAN sign MoU with eye on co-hosting 2034 World Cup

    Forty-four join Cambodia’s first skate marathon in Kep

    Forty-four join Cambodia’s first skate marathon in Kep

    Hong Kong students take protest to virtual world

    Hong Kong students take protest to virtual world

    The 2022 FIFA World Cup Asian qualifiers resumed over the past seven days with Match Days 3 and 4 now completed.

    The 2022 FIFA World Cup Asian qualifiers resumed over the past seven days with Match Days 3 and 4 now completed.

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    How Korean fried chicken became a huge hit in South Korea and then the world

    How Korean fried chicken became a huge hit in South Korea and then the world

    Bugs cafe in Siem Reap Cambodia serves up insect tapas

    Bugs cafe in Siem Reap Cambodia serves up insect tapas

    Cambodia to end Elephant riding at Angkor Wat temple

    Cambodia to end Elephant riding at Angkor Wat temple

    Phnom Penh Mini Restaurant in Cabramatta, Australia

    Phnom Penh Mini Restaurant in Cabramatta, Australia

    Mahathir Mohamad reveals secret recipe for longevity

    Mahathir Mohamad reveals secret recipe for longevity

    Booking.com Launches Ride-Hailing Service with Grab

    Booking.com Launches Ride-Hailing Service with Grab

    Freshwater dolphins in the Mekong are benefiting from better protection

    Freshwater dolphins in the Mekong are benefiting from better protection

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Wind energy in Kampot Cambodia: deal for first wind farm with 10 wind turbines

    Wind energy in Kampot Cambodia: deal for first wind farm with 10 wind turbines

    Airbnb bans ‘party houses’ after deadly Halloween shooting in US

    Airbnb bans ‘party houses’ after deadly Halloween shooting in US

    Booking.com Launches Ride-Hailing Service with Grab

    Booking.com Launches Ride-Hailing Service with Grab

    Bank of Ayudhya eyes expanding payment system to Cambodia

    Bank of Ayudhya eyes expanding payment system to Cambodia

    GHL to include WeChat Pay in its payment channel in Malaysia, Cambodia

    GHL to include WeChat Pay in its payment channel in Malaysia, Cambodia

    Nintendo moves closer to launching Switch in China after nod for first game sale

    Nintendo moves closer to launching Switch in China after nod for first game sale

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • LATEST
  • CAMBODIA
  • ASEAN
  • WORLD
  • BUSINESS
  • Entertainment
    • All
    • Gaming
    • Sports
    PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    Angelina Jolie REVEALS her Cambodian citizenship and home in Cambodia

    Angelina Jolie REVEALS her Cambodian citizenship and home in Cambodia

    Fifa, ASEAN sign MoU with eye on co-hosting 2034 World Cup

    Fifa, ASEAN sign MoU with eye on co-hosting 2034 World Cup

    Forty-four join Cambodia’s first skate marathon in Kep

    Forty-four join Cambodia’s first skate marathon in Kep

    Hong Kong students take protest to virtual world

    Hong Kong students take protest to virtual world

    The 2022 FIFA World Cup Asian qualifiers resumed over the past seven days with Match Days 3 and 4 now completed.

    The 2022 FIFA World Cup Asian qualifiers resumed over the past seven days with Match Days 3 and 4 now completed.

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    How Korean fried chicken became a huge hit in South Korea and then the world

    How Korean fried chicken became a huge hit in South Korea and then the world

    Bugs cafe in Siem Reap Cambodia serves up insect tapas

    Bugs cafe in Siem Reap Cambodia serves up insect tapas

    Cambodia to end Elephant riding at Angkor Wat temple

    Cambodia to end Elephant riding at Angkor Wat temple

    Phnom Penh Mini Restaurant in Cabramatta, Australia

    Phnom Penh Mini Restaurant in Cabramatta, Australia

    Mahathir Mohamad reveals secret recipe for longevity

    Mahathir Mohamad reveals secret recipe for longevity

    Booking.com Launches Ride-Hailing Service with Grab

    Booking.com Launches Ride-Hailing Service with Grab

    Freshwater dolphins in the Mekong are benefiting from better protection

    Freshwater dolphins in the Mekong are benefiting from better protection

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Wind energy in Kampot Cambodia: deal for first wind farm with 10 wind turbines

    Wind energy in Kampot Cambodia: deal for first wind farm with 10 wind turbines

    Airbnb bans ‘party houses’ after deadly Halloween shooting in US

    Airbnb bans ‘party houses’ after deadly Halloween shooting in US

    Booking.com Launches Ride-Hailing Service with Grab

    Booking.com Launches Ride-Hailing Service with Grab

    Bank of Ayudhya eyes expanding payment system to Cambodia

    Bank of Ayudhya eyes expanding payment system to Cambodia

    GHL to include WeChat Pay in its payment channel in Malaysia, Cambodia

    GHL to include WeChat Pay in its payment channel in Malaysia, Cambodia

    Nintendo moves closer to launching Switch in China after nod for first game sale

    Nintendo moves closer to launching Switch in China after nod for first game sale

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home Business

Cassava eyed for boosting Cambodia’s economy, poverty reduction: UN study

by Khmer Daily
November 3, 2019
in Business, Cambodia
0
Cassava eyed for boosting Cambodia’s economy, poverty reduction: UN study
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Cassava, the second largest agricultural crop in Cambodia after rice, could have substantially social and economic gains if it receives the right level of public commitment and investment, said a United Nations Development Programme (UNDP)’s study released on Friday.

Cassava is both an important export commodity and an input to several industrial processes, the study said, adding that its development offers both output gains and structural benefits to Cambodia’s economy.

The study, titled Making the Case for Investment in Cassava, suggested that compared with other sectors, the returns to an investment program of 294 million U.S. dollars in the cassava sector would outpace livestock and food and tourism sectors.

“It delivers a similar result to investing in rice production,” the study report said. “In real terms, the return is estimated to be around 3 to 1, and in nominal terms, the national economy could enjoy a boost of over 940 million U.S. dollars over 10 years.”

Cambodian Commerce Ministry Secretary of State Mao Thora said the government’s long-term vision is to become the world’s most reliable producer and supplier of cassava.

“It benefits Cambodia, particularly, through helping increase export and create more jobs for now and the future, thereby reducing risky migration, improving farmers’ living standard, and preventing them from falling into poverty,” he said at the launch event of the study report.

However, much of the cassava sector is focused on growing and exporting raw products, while in-country processing remains unexplored, according to the report.

Realization of these potentials requires public sector intervention including the provision of resources to support growing, processing and marketing, and the implementation of supportive infrastructure projects, it said.

“The investments to support the establishment of processing activities, such as infrastructure improvements, rank as the highest priority,” the report said.

Speaking at the launch event of the report, Nick Beresford, UNDP resident representative, said cassava also delivers a relatively favorable boost to the government incomes.

“Tax revenues could rise by 130 million U.S. dollars over a 10-year period of the investment in cassava,” he said. “This is similar to the return to investment in the rice and livestock and food sectors, but the tourism sector does perform better on tax receipts.”

The Southeast Asian nation has about 675,000 hectares of cassava plantations, which yield about 14.8 million tons of cassava tubers a year, according to the Ministry of Agriculture.

Source: Xinhua
Tags: CambodiaCambodia economyCassavacassava plantationUNDP

Related Posts

Cambodian opposition leader Kem Sokha freed from house arrest

Kem Sokha’s treason trial set for January 15

by Khmer Daily
December 11, 2019
0
1

Phnom Penh Municipal Court yesterday set January 15 as the date to begin the treason trial against former opposition leader...

Khmer Rouge destroyed education in Cambodia – now the country is fighting back

Khmer Rouge destroyed education in Cambodia – now the country is fighting back

by Khmer Daily
December 10, 2019
0
3

In a quiet suburb of Phnom Penh, former primary school teacher Samphy, 72, is seated at her dining table. She...

Cambodia Electricity: Finnish electricity generator installed in Cambodia

Cambodia Electricity: Finnish electricity generator installed in Cambodia

by Khmer Daily
December 10, 2019
0
3

Two generators worth some $400 million that the government bought from Finland and Germany earlier this year will generate an...

Next Post
Cambodia, awaiting political foes, stages security exercise

Cambodia, awaiting political foes, stages security exercise

Recommended

Cambodia to host Asia Pacific Summit in November

Cambodia to host Asia Pacific Summit in November

3 months ago
5
Kem Sokha meets with US ambassador to Cambodia Patrick Murphy

Kem Sokha meets with US ambassador to Cambodia Patrick Murphy

1 month ago
3

Popular News

  • Cambodian opposition Sam Rainsy thanks Malaysian MPs for supporting democracy

    Cambodian opposition Sam Rainsy thanks Malaysian MPs for supporting democracy

    0 shares
    Share 0 Tweet 0
  • China, Cambodia arrest almost 1,000 suspects in 2019 in online gambling crackdown

    0 shares
    Share 0 Tweet 0
  • Meal Temple Group launches its ride-hailing app DriveUp in Laos capital Vientiane

    0 shares
    Share 0 Tweet 0
  • Airbnb bans ‘party houses’ after deadly Halloween shooting in US

    0 shares
    Share 0 Tweet 0
  • PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube RSS

Weather Forecast

Khmer Daily Recent News

Cambodian opposition leader Kem Sokha freed from house arrest

Kem Sokha’s treason trial set for January 15

December 11, 2019
How Korean fried chicken became a huge hit in South Korea and then the world

How Korean fried chicken became a huge hit in South Korea and then the world

December 10, 2019
PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

December 10, 2019

Khmer Daily Pupular

  • Cambodian opposition Sam Rainsy thanks Malaysian MPs for supporting democracy

    Cambodian opposition Sam Rainsy thanks Malaysian MPs for supporting democracy

    0 shares
    Share 0 Tweet 0
  • PlayStation 5 predicted to have lifespan of up to 7 years according to Sony VP

    0 shares
    Share 0 Tweet 0
  • What’s Next for Kem Sokha’s Trial in Cambodia?

    0 shares
    Share 0 Tweet 0

© 2019 The Khmer Daily.

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASEAN
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.