China, ASEAN eye closer ties as expo, summit opens
Premier Li Qiang reaffirmed on Sunday Beijing’s commitment to a neighborhood policy of amity, sincerity, mutual benefit, and inclusiveness in bolstering ties with the Association of Southeast Asian Nations, calling for a closer bond of interests between China and the 10-nation regional group. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362741/china-asean-eye-closer-ties-as-expo-summit-opens/
Brunei inks deal to buy Cambodian jasmine rice
The government of Brunei on Saturday signed a one-year contract to purchase 3,000 tons of jasmine or fragrant rice from Cambodia, the first such deal reached by the two Asian nations. The deal was inked between Pg Haji Mohd Noordin B PLP Pg Haji Mohd Said, ...
http://news.xinhuanet.com/english/business/2013-07/06/c_132517759.htm
Chinese investment in Cambodia up in 2013
Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...
Global Times News Staff
http://www.globaltimes.cn/content/838148.shtml#.Utx56xD-LIU
SMEs look to regional buyers
Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...
http://www.phnompenhpost.com/index.php/2012053056469/Business/smes-look-to-regional-buyers.html
Record number of participants for the 9th ASEAN Business & Investment Summit
The South East Asian business elite and 16 Heads of States and Governments will meet in Phnom Penh when the 9. ASEAN business & Investment Summit will be held as an official side event to the ASEN Leaders Summit and the ASEN Leaders Summit (EAS) “Interest ...
http://www.scandasia.com/viewNews.php?coun_code=fi&news_id=11360
Neglecting to conduct good market research is hurting SMEs in Cambodia
A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...
Exports of rice to fall short of 2013 goal
Cambodia’s rice exports roughly doubled in the first nine months of this year compared with the same period in 2012, according to government data released yesterday. But the figures aren’t big enough to meet official goals for 2013. The numbers show that exports of fragrant rice ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-rice-fall-short-2013-goal
Japanese firm plans Cambodian fund for later this year
Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...
Milled rice exports climb, prices soar
Cambodia’s milled rice exports increased by more than seven per cent year-on-year during the first 10 months of 2011, while international demand for the grain drove up rice prices by nearly 200 per cent, commerce officials said. The Kingdom exported more than 136,000 tonnes of milled ...
Agriculture to see lending growth
Some commercial banks could increase loans to the agricultural sector this year, according to industry insiders who cited improvements in the sector and a rise in crop prices. Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often ...
http://www.phnompenhpost.com/index.php/2012012654151/Business/agriculture-to-see-lending-growth.html
Food costs expose gap in country's production
Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...
Thais ask Cambodia to curb cassava exports
Thai cassava farmers have asked Cambodia to stop exporting the commodity into Thailand in an attempt to keep prices high and avoid saturating the market, officials said yesterday. Sao Sarat, Pailin provincial cabinet chief, said that Thai government officials representing local cassava farmers met with Pailin ...
IMF says Cambodian economy to grow 6.5 per cent, but warns of risks
Cambodia’s economy is expected to grow 6.5 per cent in 2012, up from 5.75 per cent last year, the International Monetary Fund said in its annual review, adding that government policies to boost the investment climate were paying off. However, in its assessment, which was released ...
Courts step up charges in land disputes
The number of criminal charges meted out to villagers embroiled in land disputes rose by more than 50 percent in 2011 compared to the previous year, according to figures released by the rights group Adhoc yesterday. The rights group found that the courts charged 475 villagers ...
Reformed tech industry body looks to boost ‘digital economy’
Representatives of Cambodia’s tech sector say they are ready to help the country take advantage of global advances in information and communication technology (ICT), after recent reforms to the main body representing the industry. The management of the ICT Federation of Cambodia was overhauled in ...
Aun Chhengpor
http://www.voacambodia.com/a/reformed-tech-industry-body-looks-to-boost-digital-economy/3408025.html
Capital’s income levels set to soar
Phnom Penh’s median household income could swell to surpass the projected level of Bangkok within 15 years if the city’s rapid urbanisation is properly managed through effective policymaking and adequate city planning, according to a new study. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/capitals-income-levels-set-soar
A few hurdles still block path to joining global value chains
The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...
Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains
Market Shop Owners Try to Prevent Eviction
Vendors in Phnom Penh’s Ngin An market are protesting a government-backed bid by the market’s new owner to push them out by tomorrow. More than 40 representatives of 223 vendors waved a banner at the market yesterday to protest a letter from Russey Keo District Hall ...
Cambodia records US$1.51-B trade deficit in 7 months
Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday. During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at ...
http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm
Garlic leaves are a boon for farmer
Profitable income generation has many sources. Whether it requires work in an office, trading on the market or farming land – the outcome always depends on the innovation and effort of the individual. For Pring Leang, the sources are three small fields in Kampong Por village ...
http://www.phnompenhpost.com/business/garlic-leaves-are-boon-farmer