First & Main gear goes cheap
Workers from bankrupt plush-toy factory First & Main are still owed money after the Ministry of Social Affairs auctioned $200,000 worth of factory equipment for just $21,000, a labor rights advocate said Sunday. More than 350 workers were left stranded when the US-owned teddy bear factory closed in ...
http://www.phnompenhpost.com/index.php/2012102359360/National-news/first-a-main-gear-goes-cheap.html
Less palm sugar due to production delay
Kampong Speu palm sugar production is projected to decrease slightly this year due to a late start, though prices are expected to rise thanks to the sugar’s growing popularity following its geographical indication certification. Despite the drop in production, Hong Hoeung, director of Kampong Speu Palm ...
http://www.phnompenhpost.com/Business/less-palm-sugar-due-to-production-delay.html
Moto imports jump 55 per cent
IMPORTS of motor scooters reached 264,085 units, with a total value of $139 million in the first 11 months of last year – a 55 per cent jump from 170,380 units worth $86.5 million in the corresponding period of 2011, according to data from the ...
http://www.phnompenhpost.com/2013022761643/Business/moto-imports-jump-55-per-cent.html
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
Looking back at riel history
For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...
http://www.phnompenhpost.com/index.php/2012071057308/Business/history-of-the-riel.html
Special Thai-Cambodian cassava-corn trade zone set to be established
Thailand and Cambodia are on a path towards the setting up of a special trade zone that will see the two neighbors actively trade cassava and corn. Commerce Minister Boonsong Teriyapirom revealed on Monday that the 4th Thailand-Cambodia Joint Trade Committee meeting, held last week, saw ...
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNFOR5604290010003
Cambodia reports 1.41 bln USD trade deficit in first eight months
Cambodia has witnessed a trade deficit of 1.41 billion U.S. dollars in the first eight months of the year, according to figures from the Ministry of Commerce on Monday. The country’s total import and export volume was valued at 10.45 billion U.S. dollars during the January-August ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/16/c_132725537.htm
Trade Expo Links Vietnam, Cambodia Military Firms
The 2013 Vietnam-Cambodia trade fair will commence on Nov 14 in Cambodia’s capital city Phnom Penh, said a representative from the Defence Ministry at a press briefing on Friday According to the organising board, some 200 Vietnamese enterprises have registered with more than 300 booths ...
Saigon-GP Daily News Staff
http://www.saigon-gpdaily.com.vn/Business/2013/10/106621/
Cambodia sees 1.48 bln USD trade deficit in 9 months
Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm
Cambodia's trade with China up 31 pct in 9 months
The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...
ECNS News Staff
http://www.ecns.cn/business/2013/11-15/88574.shtml
Court charges four Pailin villagers for violating state property
Pailin Provincial Court on Wednesday charged four villagers with infringing on public property because they cultivated 684 hectares of land that the court says belongs to the state, but which villagers claim to have farmed legally since 1999, a rights worker said. The villagers were arrested ...
Tuk-Tuk, Motorbike Drivers Want Vehicles Back
A dozen tuk-tuk and motorcycle-taxi drivers who say their vehicles were confiscated after police suppressed a demonstration in Phnom Penh last week gathered outside City Hall on Wednedsay to demand the return of their property. The drivers waited from 12 p.m. until 5 p.m. hoping to ...
Mech Dara
http://www.cambodiadaily.com/news/tuk-tuk-motorbike-drivers-want-vehicles-back-51555/
Cambodia relies on ASEAN
Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/
Remittances dip on exodus
Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...
Eddie Morton
http://www.phnompenhpost.com/business/remittances-dip-exodus
Cracks discovered in bridge
The Ministry of Public Works and Transportation (MPWT) and the Phnom Penh municipality are preparing a ban on heavy trucks crossing the Cambodian-Japanese Friendship Bridge after cracks were discovered in a pillar on the bridge’s eastern end, a City Hall official confirmed yesterday. At a meeting ...
Sen David
http://www.phnompenhpost.com/national/cracks-discovered-bridge
Bus lines expand at fast pace
Phnom Penh’s lone bus line along Monivong Boulevard was significantly expanded yesterday, while two other lines are set to begin operation in the coming weeks, according to City Hall. Bus Line 1 – the current route, which operates from 5:30am to 8:30pm – will now run ...
Taing Vida
http://phnompenhpost.com/national/bus-lines-expand-fast-pace
New GDP prediction is not optimistic
The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...
Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/
AMRO lowers further Cambodia’s economic growth
According to the news released from Singapore, Cambodia’s economic growth this year has been forecasted to drop from previous prediction (April) of 2.7 percent this year, and 6.8 percent next year to -1.8 percent this year and 6.5 next year. ...
Heng Panha /AKP
https://www.khmertimeskh.com/50752710/amro-lowers-further-cambodias-economic-growth/
New garment factory set for Phnom Penh
A new garment factory project invested in by the Ruixue Group of China through its local subsidiary Ruixue (Cambodia) Co Ltd has been approved by the Council for Development of Cambodia (CDC). The $4.5 million project will be built in Khan Sen Sok. ...
Gareth Johnson
https://www.khmertimeskh.com/50861825/new-garment-factory-set-for-phnom-penh/
Mekong-U.S. Partnership Senior Meeting held to discuss Covid-19 response
The first annual Mekong-U.S. Partnership Senior Meeting was held on June 29. The meeting’s main focus was the progress of a secure, prosperous, and open Mekong sub-region, among other things. ...
Khmer Times Staff
https://www.khmertimeskh.com/50885537/mekong-u-s-partnership-senior-meeting-held-to-discuss-covid-19-response/