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Shaky outlook for black pepper

The rapid expansion of pepper cultivation in Cambodia coincides with the spice’s plummeting world prices, creating concerns that the glut of pepper ripening on vines across the Kingdom could further erode next season’s market prices and push the sector toward a collapse. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/shaky-outlook-black-pepper

More than 20,000 industrial and agricultural enterprises to receive reduced electricity prices

Prime Minister Hun Manet instructed Electricite du Cambodge (EDC) to study the reduction of electricity prices for 21000 enterprises in the industrial and agricultural sectors to facilitate employers to increase profits, expand investment, and create more jobs for Cambodians. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362888/more-than-20000-industrial-and-agricultural-enterprises-to-receive-reduced-electricity-prices/

Pricey petrol punishes poor

Petrol prices have jumped by 150 riel (US$0.03) a litre, much to the dismay of Cambodia’s poor, as NGOs appealed to the government to take action. Rong Chhun, president of the Cambodian Confederation of Unions (CCU), issued a letter dated August 16 appealing to Prime Minister Hun ...

http://www.phnompenhpost.com/index.php/2012082058157/Business/pricey-petrol-punishes-poor.html

Cambodia: Is Adidas exploiting workers?

Am Phalla sits outside the factory gates of apparel maker Shen Zhou (Cambodia) Co. Ltd., sharing a lunch of rice, vegetables and fried fish with coworkers. She has been sewing clothes at Shen Zhou for a little less than a year, but is unaware that the ...

http://www.globalpost.com/dispatch/news/regions/asia-pacific/cambodia/120723/cambodia-factory-workers-minimum-wage-olympics

Dreamworld operator sees revenue drop

Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...

Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/

Casino sold to relative of CPP lawmaker

Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the casino, according to a press release Thursday. The Gaming ...

Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-casino-sold-to-relative-of-cpp-lawmaker-62750/

Inflation Hits 7.1 Percent in June, Officials Say

Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this ...

http://www.camnet.com.kh/cambodia.daily/

PM announces oil-food equation hurting poor

Prime Minister Hun Sen yesterday blamed soaring food prices on fuel prices set by oil cartels like OPEC, appealing to oil-producing countries to pay attention to the connection between food security and energy. Cambodia imports 100 per cent of its oil, and the majority of agriculture ...

http://www.phnompenhpost.com/index.php/2012052256305/National-news/oil-food-equation-hurting-poor-pm.html

Inflation Hits 14-Month High As Food Prices Continue to Rise

Inflation rose to 6.5 percent in May when compared to the same time last year, marking a 14 month high. Consumer prices are also shown to have risen by 1.4 percent with meat, fish and vegetables as the main culprit as they increased as well. ...

Petrol, diesel rates increased to 5,650, 5,550 riel: ministry

The retail prices of regular-grade petrol and diesel respectively increased by about 0.9 per cent and 2.8 per cent on June 1, according to a notice issued by the Ministry of Commerce. ...

Hom Phanet
https://www.phnompenhpost.com/business/petrol-diesel-rates-increased-5650-5550-riel-ministry

Petrol prices decline, diesel remains steady

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

May Kunmakara
https://www.phnompenhpost.com/business/petrol-prices-decline-diesel-remains-steady

Melco’s unit disposes of Cambodia assets

Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic Gaming machines, and prohibits any use of the Dreamworld ...

GGRAsia News Staff
http://www.ggrasia.com/melcos-unit-disposes-of-cambodia-assets/

Olympic Organizing Committee to Investigate Cambodian Factory

The London Organizing Committee for the Olympic Games (Locog) plans to investigate allegations that a Cambodian factory producing Olympic merchandise for Adidas is not paying workers a sustainable living wage, a spokesman for Locog said yesterday. The investigation is a response to an article published Saturday ...

Gamble on casino in Pailin looks like a loser

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21. EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and ...

Eddie Morton
http://www.phnompenhpost.com/business/gamble-casino-pailin-looks-loser

Official Says Electricity Prices Set to Increases

State power company Electricite du Cambodge (EDC) plans to increase the price of electricity to make up for a drop in revenue this year, according to a Ministry of Industry, Mines and Energy official. “This year, oil prices went up, which meant the EDC did not ...

Asia Rice- Thai Exporters Seek Vietnamese, Cambodian Rice To Meet Deals

Demand for low-quality white rice from African buyers has forced Thai exporters to purchase additional stocks from Cambodia and Vietnam to meet orders because domestic rice is in short supply due to government buying scheme, traders said on Wednesday. The price of 25 per cent broken grade Thai ...

Water Supply Stock Falls Back to Initial Value

The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago. At the day’s close, stock in PPWSA ...

Kampot pepper prices expected to grow in January

The Kampot Pepper Association said yesterday that the price of pepper would increase in January to $8 per kg, up from $7 currently. Nguon Lay, president of the association, said that the price hike was due to strong demand from abroad and high production costs ...

CEDAC sours on honey prices

CEDAC, a domestic agriculture development organisation and the Kingdom’s largest distributor of natural honey, will shrink its purchases of the commodity in the face of rising prices, the company’s president says. Yang Saing Koma said the group would not reach its goal of buying 7,000 ...

Sieam Bunthy, P. 8
http://www.phnompenhpost.com/business/cedac-sours-honey-prices

Ministry of Mines and Energy announces a reduction in electricity prices for industrial and agricultural consumers

The Ministry of Mines and Energy on Sep 20, issued a press release on the reduction of electricity prices for industrial and agricultural consumers. The immediate solution came on the advice of Cambodian Prime Minister Hun Manet yesterday in Takeo province during a meeting with ...

Khmer Times Staff
https://www.khmertimeskh.com/501363680/ministry-of-mines-and-energy-announces-a-reduction-in-electricity-prices-for-industrial-and-agricultural-consumers/

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