Kingdom unfazed by Fed rate hike
A day after the US Federal Reserve increased interest rates, which can potentially impact incoming investments and make debt more costly, experts say the Kingdom’s strong underlying growth will help maintain investments flows and leave the country largely unaffected.The Fed’s 25 basis point rate hike ...
Ananth Baliga
http://www.phnompenhpost.com/business/kingdom-unfazed-fed-rate-hike
Millions of lobsters released into Cambodian waters
In an attempt to replenish the nation’s shellfish stocks, the Fisheries Administration has released seven million young lobsters into Cambodian rivers and the Tonle Sap Lake this year, officials said. Cambodia harvests about 100 tons of wild lobsters annually, although the market demand is for about ...
Royal Media Launches Digital ONE TV Service
Royal Media Entertainment Co. Ltd., a joint venture between local conglomerate Royal Group and Russian General Satellite Co., announced yesterday that it has launched the country’s first digital pay-television service, ONE TV. Offering promotional subscription rates between $3 and $12 a month, services will begin in Phnom ...
Govt okays 5-nation rice trade zone
The cabinet yesterday approved the Commerce Ministry’s plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices According to a source at the Commerce Ministry, the rice trade zone project will begin with Cambodia and will involve rice ...
http://www.bangkokpost.com/news/local/320895/govt-okays-5-nation-rice-trade-zone
Minimum call charges apply: TRC
Mobile phone call promotions undercutting the government’s minimum pricing regulations are to be outlawed – again. Minimum charges will be applied to mobile phone calls from on Thursday with the return of the Telecommunication Regulator of Cambodia’s (TRC) rules on call tariffs, the regulator confirmed yesterday. On ...
Daniel de Carteret
http://www.phnompenhpost.com/business/minimum-call-charges-apply-trc
Cambodia seizes 3 tons trafficked ivory tusks at sea port
Cambodian customs officers on Friday morning confiscated around three tons of elephant tusks at the Sihanoukville Autonomous Port in Southwestern Preah Sihanouk province. In February, customs officers nabbed two Vietnamese men at the Siem Reap International Airport for smuggling 79.5 kg of illegal elephant tusks ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-05/09/c_133321744.htm
Longans longing for storage
The amount of land used to grow longans has doubled in the past two years, but a lack of supply-chain infrastructure is hampering farmers’ ability to get top dollar for their product, the fruit’s body says. Sreng Sreang, deputy director of the Pailin Longan Farmers’ Community ...
Chan Muyhong
http://www.phnompenhpost.com/business/longans-longing-storage
Influx of Cambodian workers back into Thailand seen with $4 passports
A Cambodian decree slashing the passport fee for would-be migrant workers to only $4 (about Bt 120) is expected to lead to an influx of workers from the neighbouring country into Thailand. Cambodian migrant workers who have just returned to Cambodia yesterday greeted the news with ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=M2JjNjM2ZWM0NzB
Gov’t continues to seek new markets
The Ministry of Commerce has vowed to uncover more markets for Cambodian products to help buffer against price fluctuations caused by the Kingdom’s dependency on neighboring countries. In a response to concerns raised on social media, Commerce Minister Sun Chanthol wrote on the ministry’s official Facebook ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-continues-seek-new-markets
Self-sufficiency in 3 years: minister
Cambodia’s energy minister promised lawmakers from the National Assembly’s public works and energy commission yesterday that the country will be weaned off of foreign electricity imports within three years, the commission’s vice chairman said in a press conference after the meeting. According to Mao Monyvann, a ...
Pech Sotheary
http://www.phnompenhpost.com/self-sufficiency-3-years-minister
Group to mull rent controls
The ruling and opposition parties announced on Saturday the creation of a new working group to discuss a bipartisan plan to table a rent control law that will regulate rising housing prices and sudden rental hikes for all tenants in the Kingdom. Originally, the plan ...
Sarah Taguiam and Pech Sotheary
http://www.phnompenhpost.com/group-mull-rent-controls
Rent law heads to assembly
The draft of a rent-control law aimed at regulating rising housing prices and sudden rental hikes for low-income workers and students is expected to go before the National Assembly by the end of June, officials from the bipartisan working group in charge of the law ...
Sarah Taguiam and Chhay Channyda
http://www.phnompenhpost.com/national/rent-law-heads-assembly
Contract farming law in the pipeline
The Cambodian Government has put the wheels in motion to create a contract farming law together with the purpose of stabilising agricultural commodity prices. It is also aimed at attracting investors and promoting public, private and producer partnerships in the Kingdom. ...
Sok Chan
https://www.khmertimeskh.com/50708026/contract-farming-law-in-the-pipeline/
Commerce ministry rolls out mobile markets to Red Zones
The Ministry of Commerce on April 20 dispatched five trucks to seven “Red Zones” to sell food products and groceries at below-market prices during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takmao town in Kandal province, according to undersecretary of state Pen ...
Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-rolls-out-mobile-markets-red-zones
OM 5451 rice delivers golden results
Booming demand in the Vietnamese market has taken prices of OM 5451 paddy on a wild ride during and beyond the dry-season rice harvest season this year, according to industry insiders. ...
Hin Pisei
https://www.phnompenhpost.com/business/om-5451-rice-delivers-golden-results
Sinking feeling: CAA making a splash over aquaculture as sector flounders
Aquaculture production could experience a marginal decline this year as discouraging prices and other market forces prompt farmers to reduce the amount of juvenile fish used to stock their ponds, or go as far as to temporarily halt operations, according to the Cambodian Aquaculturist Association ...
China lockdowns sour mango sales
Fresh Cambodian mango exports to China – both direct and overland via Vietnam – have been slammed by a double whammy of fierce price competition with nearby countries and the re-imposition of Covid-19 restrictions in the East Asian nation amid a reported resurgence in coronavirus ...
Hom Phanet
https://www.phnompenhpost.com/business/china-lockdowns-sour-mango-sales
$10m fund to buy rice from struggling farmers
The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices to avoid selling to crooked dealers. ...
Meas Molika
https://kiripost.com/stories/10m-fund-to-buy-rice-from-struggling-farmers
National Assembly okays 670MW of solar, hydro energy
The National Assembly (NA) on June 23 approved the construction of – as well as payment guarantees for – six clean-energy plants totalling 670 megawatts (MW) in an effort to stabilise the supply and bring down energy prices. ...
May Kunmakara
https://phnompenhpost.com/business/national-assembly-okays-670mw-solar-hydro-energy
Cambodia’s rubber goods exports up 28% in 2022
Cambodia earned $541.66 million from the export of rubber and rubber articles in 2022, recording a growth of 28.3 percent compared to the previous year, despite adverse conditions including a fall in the prices of natural rubber. ...
Manoj Mathew
https://www.khmertimeskh.com/501221397/cambodias-rubber-goods-exports-up-28-in-2022/