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China a market for fragrant rice

Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...

Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice

Farmers and workers carry on as Chinese transplants drive up land prices

The rural southwestern province of Koh Kong, previously off the international community’s radar screen, has drawn the global spotlight. That’s because a massive runway stretching approximately 3,200 meters appeared suddenly at a resort being developed by a Chinese company in this otherwise out-of-the-way province, about a ...

Tomoya Onishi
https://asia.nikkei.com/Politics/International-relations/Cambodia-s-China-built-runway-irks-US-but-locals-have-other-concerns

IBA denies political influence claims

The Cambodian Bar Association has refuted a scathing critique of its independence and ethics by the International Bar Association (IBA) that questioned Cambodia’s membership in the global group, calling the assessment an unfounded “insult.”Following a visit to the country by a team of legal experts, ...

Aun Pheap
https://www.cambodiadaily.com/news/bar-association-denies-political-influence-claims-95607/

Better infrastructure needed for trade: study

Cambodian goods benefit from the lowest export tariff rates in the world but the Kingdom’s trade is still held back by lengthy bureaucratic procedures and corruption, according to a new study by the World Economic Forum (WEF). The Global Enabling Trade Report 2016, a study published ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/better-infrastructure-needed-trade-study

MRF looks at captive rubber plantation to cut raw material cost

Tyre manufacturer MRF Ltd was looking at acquiring rubber estates to meet the company’s long-term raw material requirements and to bring down costs, a top official said. “We are scouting for acquisitions of estates abroad to meet long-term rubber needs,” said Koshy Varghese, executive vice-president, marketing, ...

http://smartinvestor.business-standard.com/market/Compnews-130592-Compnewsdet-MRF_looks_at_captive_rubber_plantation_to_cut_raw_material_cost.htm

Pakistan-Cambodia ties set to strengthen

PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...

http://www.phnompenhpost.com/2012121760307/Business/pakistan-cambodia-ties-set-to-strengthen.html

Rice Production Down Due to Limited Rainfall, Report Says

After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...

ANZ may sell Asia bank stakes due to stringent capital rules

Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ bank will meet the ...

http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815

Low pay fuels anger among Cambodia's garment workers

As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html

Japan auto parts firm seeks plant in PPSEZ

Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...

Hor Kimsay
http://www.phnompenhpost.com/business/japan-auto-parts-firm-seeks-plant-ppsez

Ad spending sees hike in budget for tourism

The Cambodian government has budgeted $3.5 million for tourism-related advertising and promotions in 2014, Minister of Tourism Thong Khon said yesterday. “This year the budget has reached $3.5 million dollars, half of the total budget for the ministry as we will host PATA Travel Mart 2014,” ...

Chan Muyhong
http://www.phnompenhpost.com/business/ad-spending-sees-hike-budget-tourism

Cambodia backs enhanced security role for Japan

Cambodian Foreign Minister Hor Namhong expressed support Monday for Japan’s plan to give its Self-Defense Forces a greater role to contribute to global peace and stability, Japanese Foreign Minister Fumio Kishida said after meeting with his counterpart in Phnom Penh. Japanese Prime Minister Shinzo Abe plans ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140630/cambodia-backs-enhanced-security-role-japan

Industry urged to go green

Small and medium-size enterprises (SME) have been urged by the Cambodian government to employ more environmentally friendly practices at a green industry workshop in Phnom Penh yesterday. Cham Prasidh, minister for the Ministry of Industry and Handicrafts, said SMEs and handicraft producers’ reliance on fossil fuels ...

Chan Muyhong
http://www.phnompenhpost.com/business/industry-urged-go-green

IFC criticised for abusive investments

Rights groups yesterday took aim at the private-sector arm of the World Bank for investing money into companies that are responsible for human rights abuses around the world, highlighting a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri province as a ...

Alice Cuddy
http://www.phnompenhpost.com/national/ifc-criticised-abusive-investments

Capital tipped for ‘resilient city’ program

Phom Penh was selected on Wednesday as one of 35 cities joining a $100 million “resiliency” program meant to strengthen urban centres’ abilities to respond to shocks and stresses, including climate change, natural disasters, pollution and resource scarcity. “The intense growth occurring and projected for ...

Laignee Barron, Sarah Taguiam and Taing Vida
http://phnompenhpost.com/national/capital-tipped-%E2%80%98resilient-city%E2%80%99-program

Cambodia rides out recession smoothly

Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, ...

Ananth Baliga
http://www.phnompenhpost.com/cambodia-rides-out-recession-smoothly

Migrants’ home remittances dwindle

As the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent  home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). ...

Sorn Sarath
https://www.khmertimeskh.com/50715088/migrants-home-remittances-dwindle/

WWF: Ban wildlife trade to avert future pandemics

World Wide Fund for Nature is calling for urgent global action to address factors which it projected would be key drivers in triggering possible zoonotic disease outbreaks in the future. The action comes amid the current COVID-19 pandemic, which has battered countries worldwide. ...

Pech Sotheary
https://www.khmertimeskh.com/50737775/wwf-ban-wildlife-trade-to-avert-future-pandemics

UN says Cambodian rice farming faces challenges

The UN’s Global Reporting Initiative shows the Cambodia rice sector has faced significant sustainability challenges of decreasing returns for small-scale producers, inadequate uptake of responsible farming practices and smallholder engagement models amid calls for increasing organic production. ...

Sorn Sarath
https://www.khmertimeskh.com/50777272/un-says-cambodian-rice-farming-faces-challenges/

GDT’s tax collection unfazed by Covid

The General Department of Taxation (GDT) rode out the challenges presented by the Covid-19 pandemic and the downturn in the regional and global economies to reach nearly 95 per cent of its annual revenue collection target as of December 16.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/gdts-tax-collection-unfazed-covid

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