Trade

Exports

Cambodia’s garment workers to get pay rise for 2013

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor ...

http://www.nzweek.com/world/cambodias-garment-workers-to-get-pay-rise-for-2013-43866/

Factory workers complain over low wages

Factory workers complain that their low salaries are not keeping track with the price of goods and services. Phoeun Sreyleak, 20, said she gets $70 a month including bonuses for health care and rent. “My basic wage is only $58,” she said. “My friend gets 2,000 riel ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=NTgwYjBiZDU0MGY2NDQ2NWM3NDg1MjI3OGE4Yjg1

Cambodia's rubber exports up 17 pct, revenues down 21 pct in 2012

Cambodia recorded a 17 percent rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21 percent due to declining rubber prices in the international market, the government’s statistics showed Friday. The country had exported 54,530 tons of rubber latex ...

http://www.globaltimes.cn/content/756747.shtml

Cambodia’s garment exports grow in 2012

The exports of garments and textiles from Southeast Asian nation of Cambodia grew to US$ 4.61 billion, up nine percent over total textiles and garment exports worth US$ 4.24 billion made in 2011, according to The Phnom Penh Post report. However, the rise in garment ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=120092

Rice Exports Slow Due to Millers Hoarding

Cambodia exported more than 200,000 tons of milled rice in 2012, the greatest yield on record, though well short of the government target to export 1 million tons by 2015. Speaking at the Ministry of Agriculture’s annual meeting in Phnom Penh, Agriculture Minister Chan Sarun said ...

http://cambodiadaily.com/

Cambodia's exports to U.S. down 1 pct in 11 months last year

Cambodia exported products in equivalent to 2.49 billion U.S. dollars to the United States in the first eleven months of 2012, down 1 percent from 2.52 billion U.S. dollars it exported at the same period a year earlier, the report of the U.S. Department of ...

http://english.peopledaily.com.cn/90778/8090542.html

Anti-corruption bonus yet to be seen

Customs and Excise Department officials are complaining that a promised salary bonus meant to serve as an incentive to avoid corruption has yet to be doled out, even though the program began last June. The initiative, managed by the Ministry of Economics and Finance, was supposed ...

http://www.phnompenhpost.com/2013011160738/National/anti-corruption-bonus-yet-to-be-seen.html

Kampot Pepper Farmers to see Bumper Year

When the harvest season for Kampot pepper starts next month, farmers in Kampot province expect this year’s crop to yield more than 17 percent above last year, a representative of the farmers said. Nguon Lay, president of the Kampot Pepper Association, said last week that ...

http://www.cambodiadaily.com/

Miner buys into Cambodian copper

Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...

http://www.phnompenhpost.com/2013010460638/Business/miner-buys-into-cambodian-copper.html

Cedac buys rice miller to boost imports

The Cambodian Center for Study and Development in Agriculture, or Cedac, has built a $500,000 rice mill in Phnom Penh’s Pur Senchey district in the hope of exporting more milled rice overseas, an official said yesterday. “We expect that in 2013, we would export between 200 tons and ...

http://www.cambodiadaily.com

Cargos via Cambodia's city port up 17% in 2012

Cargos entering and leaving through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 17 percent in 2012 thanks to increasing import and export activities, a senior port official said Thursday. The state-owned port had received 95,333 twenty-foot-equivalent units, or standard-sized containers (TEUs) last year, ...

http://news.xinhuanet.com/english/business/2013-01/03/c_132077675.htm

Vietnam investment in Cambodia hits US$2.5 bil

Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...

http://english.vietnamnet.vn/fms/business/55818/vietnam-investment-in-cambodia-hits-us-2-5-bil.html

Cambodia-Vietnam trade, investment see marked rises in 2012

Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...

http://news.xinhuanet.com/english/world/2012-12/29/c_132070890.htm

Cambodia defies global crisis

Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...

http://www.phnompenhpost.com

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