Cambodian longan to be directly exported to China
The Kingdom of Cambodia is now able to directly export its longan to the Chinese market, Chinese Embassy in Cambodia said yesterday evening. ...
Khmer Times Staff
https://www.khmertimeskh.com/501148024/cambodian-longan-to-be-directly-exported-to-china/
Australia supporting Agri-food Industrial Park development in Cambodia
Australia has been supporting the development of Agri-food Industrial Park (AIP) in Cambodia to help expand export markets for agricultural products. ...
Khmer Times Staff
https://www.khmertimeskh.com/501319917/australia-supporting-agri-food-industrial-park-development-in-cambodia/
Greener Pastures
Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. Exporters say their performance was weak last year, mirroring the country’s overall decline in rice exports, which plunged ...
http://www.bangkokpost.com/business/economics/335303/greener-pastures
Mfone value is revised
Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...
http://www.phnompenhpost.com/2013040264827/Business/mfone-value-is-revised.html
High hopes for fishing season
The largest fish harvest of the year is approaching, and Phnom Penh’s fish markets are about to get busy. In short, it’s December and so prahok season is upon us. A traditional Cambodian fish paste, prahok is made from fermented Siamese mud carp called trey riel in ...
Chan Muy Hong
http://www.phnompenhpost.com/business/high-hopes-fishing-season
Huge haul of smuggled ivory came from Kenya
The three-ton haul of illegal elephant ivory seized by port officials on May 9 originated in Kenya and was then shipped through Malaysia to Cambodia in two freight containers, the chief of Sihanoukville Autonomous Port’s customs and excise department said Thursday. Most of the elephant ...
Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/huge-haul-of-smuggled-ivory-came-from-kenya-59451/
Vietnam’s fish industry dominates in Cambodia
At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, men frantically scoop dark, snake-like Trey Phtok fish out of a huge steel tank and into a wicker basket. The flickering pile of tails and gaping mouths is placed on a scale and weighs ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/vietnams-fish-industry-dominates-in-cambodia-60676/
Minister’s appeal to listed companies
The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...
http://www.phnompenhpost.com/index.php/Business/lets-get-the-ball-rolling.html
Chinese firm buys timber concession
Cambodia has granted Chinese timber company Shengda Wood a 22,600-hectare timber concession in Kratie and Strung Treng provinces, officials said. The Shenzhen Stock Exchange-listed company would export wood from the 70-year concession to supply a depleted market in China, Li Jie, a management official in Sichuan, ...
ADB offers $15m loan for financial-sector growth
Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...
Women sceptical of ASEAN
Cambodian women have the most to lose from the planned 2015 ASEAN integration, a coalition of more than 100 Cambodian women said yesterday at the Cambodian Women Forum. Because Cambodian women are so poorly educated, when the job market opens up, competition from other countries like ...
http://www.phnompenhpost.com/index.php/2012032255194/National-news/women-sceptical-of-asean.html
Minister says mobile subscribers rise to 14m
The number of mobile phone subscribers in Cambodia increased to 14 million, or 98 percent of the country’s population, during the first 11 months of the year, the minister of Posts and Telecommunications said yesterday. So Khun said Metfone, which is owned by the Vietnamese military, ...
Farmers remain sceptical even as local prices for pigs double
The outlook of local farmer’s remained dismal even as the price of pigs doubled during the second quarter, with many of them pointing to a lack of government regulation as a factor that is sowing market unreliability. Rising to $2.20 per kilogram from just over ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/farmers-remain-sceptical-even-local-prices-pigs-double
Small pig farmers edged out
Cambodia’s small family-run pig farming businesses seem to be roughing it out in an unpredictable market with fluctuating pork prices while facing stiff competition from the illegal flood of cheap imported live pigs from neighboring countries. To add salt to their wounds, the high price ...
Sok Chan
http://www.khmertimeskh.com/news/28905/small-pig-farmers-edged-out/
ANZ: good growth but diversify
Cambodia’s gross domestic product (GDP) is predicted to grow around 7.2 percent this year, buoyed up by clothing and apparel exports to the European Union (EU), according to estimates by the ANZ Group. The banking group also advised the Kingdom to diversify its economy and ...
Sok Chan
http://www.khmertimeskh.com/news/28144/anz--good-growth-but-diversify/
Developer puts condo project The Bay on hold as supply glut looms
The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...
Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms
Workers from shuttered garment factory demand wages
More than 500 garment workers from a shuttered garment factory in the capital’s Dangkor district are demanding their salaries after the firm’s owner ran away.According to its website, the Chinese-owned Muse Garment (Cambodia) Factory Limited produced pants and shorts exclusively for the European market. ...
Sen David
http://www.phnompenhpost.com/national/workers-shuttered-garment-factory-demand-wages
Travel-goods makers told act now or risk missing the boat
Just weeks since the United States announced it would grant new trade privileges that allow Cambodian-manufactured travel goods such as luggage and backpacks to enter the US market duty-free under its Generalised System of Preferences (GSP) scheme, a visiting American trade official hinted yesterday that ...
Kali Kotoski
http://www.phnompenhpost.com/business/travel-goods-makers-told-act-now-or-risk-missing-boat
VIPs roll into capital’s casino
Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...
Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino
Young urged to learn more tech skills
Labour Minister Ith Samheng yesterday urged young people to take up technical training to address severe shortages in the jobs market. He said there are 113 institutes for technical skills training nationwide, which could accommodate 50,000 students per year. However, there is a lack of interest from ...
Sen David
http://www.khmertimeskh.com/news/39941/young-urged-to-learn-more-tech-skills/