News
Rice bank buys direct to control prices
The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...
Sok Chan
http://www.khmertimeskh.com/news/29842/rice-bank-buys-direct-to-control-prices/
G-CCEI seeks Cambodia partners
Korean companies have expressed an interest in expanding into Asean, mostly in the high-tech and information technology (IT) sectors. According to a report in the Bangkok Post. ...
Sum Manet
http://bit.ly/219Sr8t
Insurance industry sees double-digit premium growth
Total premiums for general insurance rose 16.4 percent last year to about $61.6 million, from $53 million in 2014, with property, fire, vehicle and medical insurance leading the way, the Insurance Association of Cambodia said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/21463/insurance-industry-sees-double-digit-premium-growth/
Time to outgrow garment manufacturing, gov’t advisor says
As the ASEAN Economic Community (AEC) raises Cambodia’s profile as a member of one of the world’s largest trade zones, investors around the world are considering Cambodia as a gateway to the region and it should take advantage of this opportunity by diversifying its economic ...
Chea Vannak
http://www.khmertimeskh.com/news/21466/time-to-outgrow-garment-manufacturing--gov---t-advisor-says/
Cambodia is open for investment, PM tells America
Prime Minister Hun Sen yesterday made a direct appeal to businesses in the United States to increase investment in Cambodia, ahead of the US-ASEAN Summit in Sunnylands California, and just days after Deputy Prime Minister Sok An spoke with officials from the US Embassy here ...
Chea Vannak
http://www.khmertimeskh.com/news/21410/cambodia-is-open-for-investment--pm-tells-america/
Revenue from taxes continues to rise
The General Department of Taxation collected almost $116 million in tax revenue last month, up 10 percent over January 2015, with strong growth across all segments, according to official data released on Friday. ...
Sum Manet
http://www.khmertimeskh.com/news/21412/revenue-from-taxes-continues-to-rise/
Exports to US rise over 9 percent last year
With the American economy expanding, Cambodia’s total export to the country increased slightly more than 9 per cent last year over 2014, the latest US trade data shows. ...
May Kunmakara
http://www.khmertimeskh.com/news/21104/exports-to-us-rise-over-9-percent-last-year/
Revenue from business registration fees rises
Revenue from business registration fees rose 13 percent to about $2.4 million in the first 11 months of the year over the same period last year, with 4,076 businesses registering at the Commerce Ministry compared to 3,618 in the year-ago period, the ministry said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/18655/revenue-from-business-registration-fees-rises/
Vehicle tax cut gets mixed reaction
The government will eliminate taxes on vehicles used by low-income families and farmers to improve their livelihoods and boost farm production, according to the bill on the national budget approved by Prime Minister Hun Sen yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/17011/vehicle-tax-cut-gets-mixed-reaction/
Budget for a rising economy
Government spending on social welfare and economic development could both see double-digit growth next year, according to a document summarizing expenditures in next year’s budget that will be discussed at a Cabinet meeting chaired by Prime Minister Hun Sen today. ...
May Kunmakara
http://www.khmertimeskh.com/news/16970/budget-for-a-rising-economy/
Gas-price talks yield 2 cent cut for a week
Six of the country’s eight major gas retailers yesterday agreed to a request from the Commerce Ministry to lower the price of gas by 100 riel (about two cents) per liter for the Pchum Ben festival, as negotiations on a formula for setting a price ...
Sok Chan
http://www.khmertimeskh.com/news/16669/gas-price-talks-yield-2-cent-cut-for-a-week/
Strong dollar not helpful for cambodia
The strong dollar might cause pain to Cambodia’s economy by reducing margins and purchasing power for both importers and exporters. ...
Igor Kossov
http://www.khmertimeskh.com/news/14511/strong-dollar-not-helpful-for-cambodia/
Tax revenue rises but at slower pace
The government’s tax revenue increased for the first five months of the year, but despite recent reforms, the growth rate is at a slower pace than for the corresponding period last year. According to data from General Department of Taxation (GDT) released on Wednesday, the state ...
May Kunmakara
http://www.phnompenhpost.com/business/tax-revenue-rises-slower-pace
Myanmar rice is back
While exports of Cambodian rice have been booming, analysts are predicting that new competition from Myanmar could eventually rain on the parade. Cambodia exported nearly 176,000 tonnes of rice in the first six months of the year, a 125 per cent increase from the same period ...
Garment Exports Booming Despite Concerns
Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said ...
http://www.cambodiadaily.com/business/garment-exports-booming-despite-concerns-34035/
Rubber firm has plans in Cambodia
Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...
http://www.phnompenhpost.com/2013062866536/Business/rubber-firm-has-plans-in-cambodia.html
AEON widens HP to farmers
AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...
http://www.phnompenhpost.com/2013052365789/Business/aeon-widens-hp-to-farmers.html
Agriculture needs more loans, irrigation systems, experts say
Accessing low-interest loans for rice cultivation is a challenge because the industry in Cambodia is dependant upon rainfall and not irrigation and is thus more risky, experts said last week. In a meeting on the private sector development in the rice sector, Lim Heng, vice president ...
Demand for quality rice seed development
To enhance Cambodian rice yields, the government should encourage private development of rice-seed production and focus its efforts on farmers’ education and regulations that ensure the quality of seed, industry experts say. The Cambodian Agricultural Research and Development Institute (CARDI), under the direction of the Ministry ...
http://www.phnompenhpost.com/2013042565221/Business/demand-for-quality-rice-seed-development.html
Tractor imports decrease, but experts not concerned
Tractor imports fell by 24 per cent last year, a significant decrease from 44,993 units in 2011 to 36,301 units, according to recent statistics from the Ministry of Economy and Finance. Although the cultivation of some crops in the Kingdom has increased, analysts said yesterday ...