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Press release: Cambodia loses duty-free access to the EU market over human rights concerns

On 12 August 2020, the European Commission issued a press release over its decision on the partial withdrawal of Everything But Arms (EBA) from Cambodia. Some of Cambodia’s typical export products such as garments, footwear and​ travel goods are subject to the European Union’s customs ...

European Commission

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CRF head asks city hall to ease market circulation of rice

A prominent rice industry representative on April 19 asked the Phnom Penh authorities to loosen constraints on the movement of milled rice within restricted areas in the capital and adjacent Takmao town, amid a two-week lockdown that has been imposed to contain the current spread ...

May Kunmakara
https://www.phnompenhpost.com/business/crf-head-asks-city-hall-ease-market-circulation-rice

Cambodia’s exports $4.6B to RCEP markets in first 7 months

Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...

Kang Sothear
https://www.khmertimeskh.com/501346750/cambodias-exports-4-6b-to-rcep-markets-in-first-7-months/

Cambodian government spokesman says China’s reopening revives int’l tourism market

China’s optimization of its anti-COVID-19 strategy and resumption of its outbound group tours earlier this year have revived the tourism industry in countries around the world, Cambodian government chief spokesman Phay Siphan has said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501270323/cambodian-government-spokesman-says-chinas-reopening-revives-intl-tourism-market/

Too many players vie in Kingdom’s ISP industry

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

http://www.phnompenhpost.com/2013040464879/Business/too-many-players-vie-in-kingdom-s-isp-industry.html

Mobile Bonuses Axed After Firm Complaint

Minister of Posts and Telecommunications So Khun said Wednesday that the government’s decision last week to order all mobile phone firms to stop offering generous top-up bonuses came after one of the market’s competitors complained to the ministry. Ian Watson, CEO of Mobitel, denied complaining ...

http://www.cambodiadaily.com/business/mobile-bonuses-axed-after-firm-complaint-21436/

Major Brands Confront Cambodian Leader Over Use of Force

A coalition of 30 brands and three global unions have sent a letter to Cambodian Prime Minister Hun Sen calling for an investigation into the recent use of deadly force against striking garment-sector workers. The letter, dated Friday, urged the government to launch a new process ...

Kate O'keeffe and Sun Narin
http://online.wsj.com/news/articles/SB10001424052702304027204579330201431431652?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304027204579330201431431652.html

Lottery hopes to soar on Wing network

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network

Hot weather shakes up local salt sector

Unusually high yields of salt production in Kep and Kampot province have surpassed the market’s low demand, filling the nation’s salt storage facilities to capacity, the head of a local industry body said yesterday.   ...

Sor Chandara
http://www.phnompenhpost.com/business/hot-weather-shakes-local-salt-sector

Banking liquidity tool moves to weekly issuance

Cambodia’s central bank yesterday launched a weekly issuance of Negotiable Certificate of Deposits (NCD) with selling scheduled for every Wednesday – a move aimed at developing the interbank lending market by promoting a secondary market for the short-term interest-bearing certificates. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banking-liquidity-tool-moves-weekly-issuance

Commerce minister proposes ‘extra premium’ rice brand

At the close of the three-day annual Cambodia Rice Forum, Commerce Minister Sun Chanthol on Tuesday suggested that the first-rate rice brand set to be launched on the international market this year be marketed as “Extra Premium” jasmine rice. ...

Kang Sothear
https://www.cambodiadaily.com/news/commerce-minister-proposes-extra-premium-rice-brand-106528/

Rainsy Amasses Support Ahead of Monday’s Rally

Opposition leader Sam Rainsy on Friday visited vendors in Phnom Penh’s Olympic and Russian markets and appealed to voters disgruntled by preliminary election results awarding a victory to the CPP to join a planned opposition rally at Freedom Park on Monday. As he toured both markets, ...

Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/elections/rainsy-amasses-support-ahead-of-mondays-rally-40743/?utm_source=rss&utm_medium=rss&utm_campaign=rainsy-amasses-support-ahead-of-mondays-rally

Cassava exports up, prices low

Though the export of cassava from Cambodia to foreign markets increased by more than 50 percent in 2016, compared with previous years, export earnings were still low due to below-market-prices offered by buyers in Thailand and Vietnam.   ...

Chea Vannak
http://www.khmertimeskh.com/news/37174/cassava-exports-up--prices-low/

Kingdom to further strengthen agricultural ties with China

Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...

Anthony McGonigle
https://www.khmertimeskh.com/501009473/kingdom-to-further-strengthen-agricultural-ties-with-china/

Promotion of Cambodia’s rice sector discussed

The promotion of Cambodia’s rice sector was further discussed between Ministry of Commerce and Cambodia Rice Federation (CRF) to be able to penetrate more foreign markets, especially the European Union (EU) markets. ...

Khmer Times Staff
https://www.khmertimeskh.com/501244826/promotion-of-cambodias-rice-sector-discussed/

Cambodia Angkor Air plans network and fleet expansion ahead of PAL-backed Cambodia Airlines launch

Cambodia Angkor Air is planning rapid fleet and network expansion as competition intensifies in the Cambodian market. The Cambodian flag carrier is expected to more than double its fleet by the end of 2015 and launch services to several new markets, including mainland China, Hong ...

http://centreforaviation.com/analysis/cambodia-angkor-air-plans-network-and-fleet-expansion-ahead-of-pal-backed-cambodia-airlines-launch-107675

Cambodia’s e-commerce market eyes $1.78B by 2025

With the growing reach of the Internet, better access to newer technologies, increasing digitization, and rise in income levels, the e-commerce sector in Cambodia is marching ahead on a firm growth path. ...

Prakash Jha
https://www.khmertimeskh.com/501214272/cambodias-e-commerce-market-eyes-1-78b-by-2025/

Covid-19 cash assistance of $1.2B helped labour market

Cambodia’s largest social assistance programme – the Covid-19 cash transfer programme – has played a crucial role in boosting the economy, said the World Bank in its latest report. ...

Rachel David
https://www.khmertimeskh.com/501478392/covid-19-cash-assistance-of-1-2b-helped-labour-market/

Mango exporter targets Hungary and Russia

Mong Reththy Group, an agro-industrial conglomerate that invested heavily in the mango sector, is expanding markets for exports to Russia and Hungary. Group president Mong Reththy said the new markets will increase group exports from Cambodia to 5,000 metric tons a year. ...

Chea Vannak
http://www.khmertimeskh.com/news/36314/mango-exporter-targets-hungary-and-russia/

Salt Harvest Below Forecast

The Kep-Kompot Salt Producers Community says salt production fell nearly 50 per cent below forecasts because of early rainfall, which is assumed to end salt harvesting for the year. Prime Minister Hun Sen, however, has stepped in to ensure that price remains stable. Hun Sen ...

http://www.phnompenhpost.com/2013041965112/Business/salt-harvest-below-forecast.html

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