Economy and commerce

Education ushers women into workforce

Gender inequality in education is still palpable in Cambodia, causing women to be undervalued in the workplace and their potential to be untapped, the Under Secretary of State at the Ministry of Women’s Affairs said during the celebration of the United Nations International Day of the ...

http://www.phnompenhpost.com/index.php/2012100859160/Business/education-to-empower-new-generation-of-women-leaders.html

High Costs Cripple Trading Firms, Report Says

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

Inflation low in 2012: IMF

The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...

http://www.phnompenhpost.com/index.php/2012100859161/Business/inflation-low-in-2012-imf.html

The Week at the CSX: September 28-October 3

The price of Phnom Penh Water Supply Authority stock over the Sept. 27- Oct. 3 period was only KHR 6,200 (US$1.54), under the IPO price of KHR 6,300 (US$1.56), for nearly the whole week. But on Oct. 3, the price rose to the IPO price again, ...

http://etmcambodia.com

Economy Strong but IMF Warns of Risks

Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...

Siem Reap's $1,000 Landing Fee Hikes Costs For Airlines

Cambodia’s aviation regulator is imposing a royalty fee of $1,000 for almost every flight that lands at Siem Reap International Airport, a practice that airlines said is pushing up their costs, and which is also against an international aviation convention. While airline officials say the $1,000-per-landing ...

French investors plan tram system for Phnom Penh

French companies are considering plans to invest in a tram system providing comfortable public transport for residents of Phnom Penh, an official said Friday Kuy Koung, spokesman for Ministry of Foreign Affairs and International Cooperation, said the project was discussed during a meeting between Foreign Minister ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YmM0ZTFkZDJjNzg1YTgwMTE4OTU1MGVmYjM0NTYx

Local markets still favorite

Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...

http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html

ADB revises its Asia growth rate

The Asia Development Bank has revised its growth expectations for the entire region down to 6.1 per cent for 2012 in an update to its annual development outlook released in April. This revision comes after the IMF increased GDP projections for Cambodia to up to 7 per ...

http://www.phnompenhpost.com/index.php/2012100559119/Business/adb-revises-its-asia-growth-rate.html

Port more active over nine months

Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...

http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html

Buyers Laud Renewal of Industrial Relations Agreement

As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...

Jobs crucial to development

Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...

http://www.phnompenhpost.com/index.php/2012100559121/Business/jobs-are-crucial-to-development-world-bank-says.html

Men Sarun rice to China

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

http://www.phnompenhpost.com/index.php/2012100559116/Business/local-company-to-export-tonnes-of-rice-to-china.html

Strikes at two factories stretch into weekend

More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...

http://www.phnompenhpost.com/index.php/2012100559124/National-news/workers-strike-stretch-into-weekend.html

Upcoming Book Assesses Benefits and Limitations of Foreign Aid

A new book by a Cambodian-born author, due to be published this month, is set to bring the debate over Cambodia’s dependence on foreign aid into the spotlight. Since 1992, Cambodia has received more assistance for its development than almost any other country on the planet. ...

Cambodia needs markets to export remaining 3 million tons of cassava products

Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...

http://thesoutheastasiaweekly.com/?p=4823

ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand

The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...

http://www.tourismcambodia.com/news/localnews/7027/adb-lowers-cambodia%E2%80%99s-economic-growth-to-6.4-percent-in-2012-due-to-weak-global-demand.htm

Slowdown in garment exports from Cambodia

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497

East Asia takes notice of Cambodia

One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...

http://www.phnompenhpost.com/index.php/2012100459098/Business/east-asia-takes-notice-of-cambodia.html

Cambodia's food service industry gains new player

Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...

http://www.phnompenhpost.com/index.php/2012100459102/Business/cambodias-food-service-industry-gains-new-player.html

Cambodian Resorts on the Increase

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

http://www.phnompenhpost.com/index.php/Real-Estate/cambodian-resorts-on-the-increase.html

Chinese tourist numbers high

Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...

http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html

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