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 ...
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 ...
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/
Cambodia’s GDP growth likely 5.3% this year, say ADB, AMRO
Two international organisations have forecast Cambodia’s economic growth to be around 5.3 per cent this year as the economy continues to be impacted by lower than expected expansion in the industrial and agriculture sector in the first half (H1), stemming from the regional and global ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodias-gdp-growth-likely-53-year-say-adb-amro
ARDB loans helping rice price stabilisation
Loans issued by the state-run Agriculture and Rural Development Bank (ARDB) have contributed towards stabilising the market price of rice apart from enhancing processing facilities and boosting exports, according to Aun Pornmoniroth, the Deputy Prime Minister and Minister of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501407295/ardb-loans-helping-rice-price-stabilisation/
Sihanoukville casino gambled with an expired licence
reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/sihanoukville-casino-gambled-expired-licence
Don’t bet on elections
The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/don%E2%80%99t-bet-elections
Gas prices at all-time high
Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...
Inflation rises 1.3 percent
Cambodia’s consumer price index rose by 1.3 percent in July compared to a year earlier on the back of higher food and fuel prices, according to data from the National Institute of Statistics. The increase was also due to non-alcohol beverages, clothing and footwear, housing, water, ...