Economy and commerce

Economic policy and administration

Everything But Arms treaty under scrutiny after bicycle trade problems

The European Union is increasingly scrutinising abuse of its Everything But Arms treaty with Cambodia, underscoring both the importance of the zero-tariff agreement to the Kingdom’s economy and the potential for its misuse. In Cambodia’s rice sector, fears that cheap rice from neighbouring countries is ...

Charles Rollet
http://www.phnompenhpost.com/post-weekend/everything-arms-treaty-under-scrutiny-after-bicycle-trade-problems

Travelers asked to be vigilant to prevent spread of MERS

Following an outbreak in South Korea of a deadly respiratory disease which has killed three people and infected 36 in that country since late last month, Cambodian health officials on Friday asked travelers coming from infected regions to be vigilant to avoid its spread here. ...

Maria Paula Brito
https://www.cambodiadaily.com/news/travelers-asked-to-be-vigilant-to-prevent-spread-of-mers-85112/

China, Cambodia further cement relations

Prime Minister Hun Sen met with Chinese President Xi Jinping on the sidelines of the 60th Asian-Af­ri­can Conference Commemoration in Bandung, Indonesia, on Thursday, announcing further cooperation between the two countries, local media reported Friday. ...

Sek Odom and Maria Paula Brito
https://www.cambodiadaily.com/news/china-cambodia-further-cement-relations-82669/

A million tourists gather for Angkor Sangkran

The number of tourists travelling during the three-day Khmer New Year festivities saw a dramatic increase this year, with the largest attraction – Angkor Sangkran in Siem Reap – hosting more than a million visitors last week. ...

May Kunmakara
http://www.phnompenhpost.com/business/million-tourists-gather-angkor-sangkran

Cambodia sets second world record of week

Cambodia set yet another Guinness World Record on Wednesday—its second in three days—when 2,015 people participated in a synchronized line dance during the Angkor Sankranta New Year festival in Siem Reap City. ...

Ouch Sony
https://www.cambodiadaily.com/news/cambodia-sets-second-world-record-with-mass-line-dance-82040/

Cambodia claims Guinness world record for sticky rice cake

A Guinness World Records judge kicked this year’s Angkor Sankranta festival into action Monday by officially declaring a 4-ton sticky rice cake produced for the Khmer New Year celebration to be the largest ever made. ...

Alex Willemyns and Mech Dara
https://www.cambodiadaily.com/news/cambodia-claims-guinness-world-record-for-sticky-rice-cake-81990/

Bayon airlines launches flights to Sihanoukville

Cambodia Bayon Airlines made its inaugural flight to Sihanoukville on Sunday, more than three months after the Chinese airline opened a daily route between Phnom Penh and Siem Reap City. ...

Anthony Jensen
https://www.cambodiadaily.com/business/bayon-airlines-launches-flights-to-sihanoukville-81984/

More than 100 illegal slot machines seized in capital

More than 100 slot machines worth over $1 million in total were seized in a police raid on a warehouse in Phnom Penh’s Sen Sok district on Monday, an Interior Ministry official said. ...

Sek Odom
https://www.cambodiadaily.com/news/more-than-100-illegal-slot-machines-seized-in-capital-81548/

On garment exports, gov’t figures vary wildly

Cambodia’s critical garment industry may be doing significantly better than Commerce Ministry figures suggest, judging by the Finance Ministry’s count, but just whose numbers to trust is up for debate. ...

Zsombor Peter and Kang Sothear
https://www.cambodiadaily.com/news/on-garment-exports-govt-figures-vary-wildly-81437/

S’ville court denies bail to doroshenko

The Preah Sihanouk Provincial Court has denied bail to Russian businessman Nikolai Doroshenko, who was arrested at his family’s restaurant in Sihanoukville last week and jailed on a trio of fraud charges related to a dispute with fugitive developer Sergei Polonsky, the investigating judge said ...

Khy Sovuthy
https://www.cambodiadaily.com/news/sville-court-denies-bail-to-doroshenko-81233/

Certificate of origin process moves online

The Ministry of Commerce launched its long-awaited online system to generate certificates of origin (COs) yesterday. The new system, developed in partnership with Singapore-based Crimson Logic, is expected to speed up and simplify the process of getting a CO, a document which identifies where a product ...

Ananth Baliga
http://www.phnompenhpost.com/business/certificate-orgin-process-moves-online

Raid nets fake Carabao energy-drink labels

Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...

Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels

Raid nets fake Carabao energy-drink labels

Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...

Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels

Raid nets fake Carabao energy-drink labels

Police in Phnom Penh raided a factory on Monday, collecting thousands of items of evidence linked to an alleged counterfeiting scheme producing soft drinks illegally marked with the logo of a popular regional brand. ...

Taing Vida
http://www.phnompenhpost.com/raid-nets-fake-carabao-energy-drink-labels

Cambodian massage parlours told to shape up

Cambodia’s massage palours and spa centres are now required to have at least 30 per cent of their staff trained and certified or risk having their business permits revoked, according to a new directive from the Ministry of Tourism. The directive seeks to professionalise the practice ...

Charles Rollet
http://www.phnompenhpost.com/cambodian-massage-parlours-told-shape

Food safety needs tightening

The Cambodian government will introduce a food-safety law later this year that would see the Kingdom adopt a set of national food safety standards and ensure greater coordination across ministries, according to a health official. Aing Hoksrun, chief of the food bureau at the Department of ...

Ananth Baliga
http://www.phnompenhpost.com/food-safety-needs-tightening

Preah Sihanouk at center of new industrial plan

The Council of Ministers released a new policy on Friday aimed at boosting Cambodia’s industrial development beyond the garment and food sectors, placing Preah Sihanouk province at the center of plans to modernize the country’s economy. ...

Kuch Naren
https://www.cambodiadaily.com/news/preah-sihanouk-at-center-of-new-industrial-plan-79255/

Gov’t launches industrial policy

Prime Minister Hun Sen said the Council of Ministers would review and pass the Industrial Development Policy 2015-2025 today, setting out a roadmap that aims to boost investment and broaden the Kingdom’s manufacturing base. The policy framework will consist of four pillars: attracting FDI to ...

Chan Muyhong and Hor Kimsay
http://www.phnompenhpost.com/govt-launches-industrial-policy

PM calls for greater collaboration among ministries

With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...

Ananth Baliga
http://www.phnompenhpost.com/pm-calls-greater-collaboration-among-ministries

Time for business to step up

Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...

Hor Kimsay
http://www.phnompenhpost.com/time-business-step

SME policy needed by AEC

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...

Eddie Morton
http://www.phnompenhpost.com/sme-policy-needed-aec

Four arrested in raid targeting fake coffee

Police have warned coffee lovers there could be a couple of bad batches circulating and percolating in Phnom Penh after a raid on a fake coffee enterprise in Sen Sok district’s Khmuonh commune yesterday. Officers arrested four men during the joint operation in Banlar Sa Et ...

Pech Sotheary
http://www.phnompenhpost.com/national/four-arrested-raid-targeting-fake-coffee

Review of financial policies needed: World Bank

In the face of global economic fragility, the Cambodian government needs to review its fiscal policies and deepen its pockets – building a “buffer” for use in times of crisis, the World Bank has warned. The World Bank’s Global Economic Prospects 2015 report states that Cambodia ...

Eddie Morton
http://www.phnompenhpost.com/business/review-financial-policies-needed-world-bank

Tally of goods linked to child labour grows

Four more goods made in Cambodia have been linked to exploitative child labour, adding to a mounting list of items the United States considers to be produced in violation of international rights laws. The mounting number of Cambodian goods found to use child labour runs ...

Laignee Barron
http://phnompenhpost.com/national/tally-goods-linked-child-labour-grows

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