Economy and commerce

Quality control to lift exports

China will work with Cambodian officials to broaden the range of agricultural products that the Asian economic giant allows to be imported from the Kingdom, government officials said yesterday. Ken Ratha, spokesman for the Ministry of Commerce, confirmed that China’s General Administration, Quality Supervision, Inspection and ...

Chan Muyhong
http://www.phnompenhpost.com/business/quality-control-lift-exports

Cambodia’s tourism slows a mite

Cambodia’s tourist arrivals registered a 0.3% decline in June according to the country’s statistics and tourist Information Department. The country attracted 300,454 visits compared to 301,412 during the same month last year. Released officially by the Ministry of Tourism, last week, data showed Vietnam led the field ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/08/cambodias-tourism-slows-a-mite/

IFC sells stake in Cambodia's commercial bank to Japanese bank

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235929

Cambodia's GDP per capita to hit 1,130 USD in 2014: PM

Cambodia’s GDP per capita is expected to reach 1,130 U.S. dollars this year, an estimated increase of 8 percent from 1,043 U.S. dollars last year, Prime Minister Hun Sen said Monday. ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235977

Thai military arrests Poipet border traders

Sixteen Cambodian border traders were imprisoned by the Thai military over the weekend after they were caught smuggling shoes and clothing illicitly bearing registered trademarks across the Poipet City border crossing on Saturday. The traders, who supply the Rong Kluea border market in Thailand’s Sa Kaeo ...

Saing Soenthrith
http://www.cambodiadaily.com/news/thai-military-arrests-poipet-border-traders-66689/

Biz guided to end corruption

Cambodia’s Anti-Corruption Unit (ACU) held its first consultation meeting with the private sector on Friday over a proposed new anti-corruption guidebook, encouraging firms to police themselves in the absence of any official regulation. According to Om Yentieng, head of the ACU, the new Guide on Anti ...

Chan Muyhong
http://www.phnompenhpost.com/business/biz-guided-end-corruption

New chapter in search for black gold

As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the ...

Daniel de Carteret
http://www.phnompenhpost.com/post-weekend/new-chapter-search-black-gold

Workers end Thai-Cambodia border protest

About 300 disgruntled Cambodian workers and used-garment merchants last night ended their blockade on the border with Thailand. The workers had earlier parked their two-wheel carts in front of the Aranyaprathet-Poi Pet border checkpoint on the Poi Pet side of the Thai-Cambodian friendship bridge. They demanded ...

Bangkok Post Staff
http://www.bangkokpost.com/news/local/427181/workers-end-thai-cambodia-border-protest

Kandal property bought up before bridge announcement

Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...

Siv Meng and Vandy Muong
http://www.phnompenhpost.com/post-weekend/kandal-property-bought-bridge-announcement

Mass faintings occur at 6 garment factories in Cambodia

At least 127 Cambodian garment workers at six different factories got fainted on Friday due to poor health, a local police chief confirmed. Yim Socheat, police chief of Phnom Penh’s Dangkor district, where the incidents occurred, said the victims had been sent to hospitals soon after ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235570

ANZ refuses to help evictees of senator’s sugarcane farm

About 100 villagers who lost land to a sugarcane plantation, which was until recently financed by ANZ Royal Bank, traveled to Phnom Penh to protest in front of the bank’s headquarters Thursday, but failed to convince the bank to help them. Several hundred families in Kompong ...

Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/anz-refuses-to-help-evictees-of-senators-sugarcane-farm-66579/

Amid credit expansion, Riel loans minimal

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/

‘Orphanage tourism’ still an issue: UNICEF

The UN Children’s Fund in Australia has warned volunteers and tourists to avoid visiting Cambodian orphanages following critical reports from the press in recent weeks. In a post on its website, UNICEF Australia said “these types of tours exploit children and their families for the financial ...

Charles Rollet
http://www.phnompenhpost.com/national/%E2%80%98orphanage-tourism%E2%80%99-still-issue-unicef

Cambodia's rice export down 1.6 pct in 7 months

Cambodia exported 204,000 tons of milled rice in the first seven months of 2014, down 1.6 percent from 207,370 tons over the same period of last year, according to official data released on Tuesday.  Sixty-four companies have brokered Cambodian rice for 54 countries and regions around ...

ASEAN-China Center News Staff
http://www.asean-china-center.org/english/2014-08/14/c_133556101.htm

6th Chinese-built hydropower dam in Cambodia starts operation

The sixth Chinese-built hydropower plant, located in the Koh Kong province of   southwestern Cambodia, has begun producing electricity after more than four years of construction, the China National Heavy Machinery Corporation (CHMC) said in a  statement  on Thursday. CHMC started to develop the 246-megawatt Tatay River Hydropower Plant in 2010. The dam comprises three generators, each capable of producing 82 megawatts, the statement said. ...

People's Daily Online News Staff
http://english.peopledaily.com.cn/n/2014/0814/c90777-8769756.html

Cambodia attracts 230,100 Chinese visitors in H1, up 19 pct

Cambodia has received 230,100 Chinese tourists in the first six months of 2014, an increase of 19 percent over the same period last year, according to a tourism report released on Wednesday. The report shows that China is the second largest source of tourists to Cambodia ...

Ecns.cn News Staff
http://www.ecns.cn/2014/08-13/129405.shtml

Factory strikes end after pay disputes solved

About 3,000 garment workers in Kompong Chhnang province agreed to end their protest and return to work Wednesday after confusion over their monthly salaries was cleared away. Workers from the Chinese-owned Jiun Ye Garment factory in Samakki Meanchey district went on strike Monday after picking up ...

Ben Sokhean
http://www.cambodiadaily.com/news/factory-strikes-end-after-pay-disputes-solved-66365/

Wrangling over wage may spur new unrest

Unions representing garment workers have pledged to reignite protests if the minimum wage for the industry is raised to only $115 next year, a sum they say was offered by the Garment Manufacturers Association in Cambodia during a meeting on Friday. The Labour Advisory Committee (LAC) ...

Mom Kunthear
http://www.phnompenhpost.com/national/wrangling-over-wage-may-spur-new-unrest

Cambodia, US trade up in first half of year

Trade data from the US shows Cambodian exports to the world’s largest economy increased 6 per cent during the first six months of the year. As of June 30, Cambodian exports to the US totalled $1.4 billion, up from $1.32 billion recorded during the same six-month ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-us-trade-first-half-year

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