Trade

Exports

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

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

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

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

Development Bank Revises Growth Outlook

A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...

Striking the right balance

The number of strikes in Cambodia’s garment industry could be set to dip and workers could be on their way to free lunches after both sides of the industry signed a two-year memorandum of understanding (MoU) yesterday. The MoU – inked by the Garment Manufacturers Association (GMAC) in ...

http://www.phnompenhpost.com/index.php/2012100459107/National-news/unions-factories-deal-to-curb-walkouts.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

Cargo at Phnom Penh Port Jumps 15.24 Percent

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port has increased 15.24 percent through the first nine months of this year, compared to the same period last year, a port official said yesterday. Hei Bavy, general director of the Phnom Penh Autonomous Port, ...

Rice Exports Increases Two Percent

Cambodia’s total milled rice exports increased just two percent to 131,064 tons over the first nine months of this year in comparison to the same period last year, according to data released from the Ministry of Agriculture ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=90

Garment Exports to EU Catching Up With US

The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.S. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ...

Investment Needed to Reach Rice Export Target

Cambodia exported just 78,000 tons of milled rice through the first eight months of 2012, and if the government is to reach its target of exporting 1 million tons each year by 2015 the agriculture sector needs more access to financing, participants at the Cambodian ...

Emirates ask for more rice

As part of its plan to become of the world’s top exporters of rice, Cambodia is looking to increase its rice shipments to the United Arab Emirates, one of the world’s main milled rice importers. Cham Prasidh, Minister of Commerce, met with delegates and businessmen led ...

http://www.phnompenhpost.com/index.php/2012100259035/Business/uae-asks-for-more-rice.html

Rice exports up 2 percent over last year

Cambodia’s total export of milled rice via the single window office slightly increased by two per cent over the first nine months of this year compared to the same period last year, according to data from the Ministry of Agriculture. Speaking at the Cambodian Rice Forum ...

http://www.phnompenhpost.com/index.php/2012100259022/Business/rice-exports-up-2-per-cent-over-last-year.html

New outsourcing players challenge export giants

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

http://www.just-style.com/management-topic/new-outsourcing-players-challenge-export-giants_id115700.aspx

Over 600% Growth in UAE Re-Exports to Cambodia in 2011:

The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...

http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290001004928&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews

Kenya eyes Cambodia's rice and flight sectors

Cambodia’s Deputy Prime Ministerand Ambassador of Kenyadiscussedan initiative to connect Phnom Penh and Nairobi through a direct flight to boost tourism and economic activities as well as the conclusion of a rice export deal ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=85

Cambodian farmers squeezed out

Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...

http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out

Cambodia records 1.51 bln trade deficit in 7 months

Cambodia reported a trade deficit of 34 percent in equivalent to 1.51 billion U.S. dollars in the first seven of this year, the report of the Commerce Ministry showed on Thursday. During January-July period this year, the country’s total import and export value was 7.45 billion ...

http://www.nzweek.com/world/cambodia-records-1-51-bln-trade-deficit-in-7-months-7684/

Alliance an advocate for industry

The executive committee of the Alliance of Rice Producers and Exporters of Cambodia, ARPEC, decided earlier this month to set up a commercial arm to help members get financing for a variety of rice-related activities. According to ARPEC secretary-general Hun Lak and deputy secretary-general David Van, ...

http://www.phnompenhpost.com/index.php/Special-Reports/alliance-an-advocate-for-industry.html

Rising world demand for Cambodian organic rice

Several ASEAN countries, including Cambodia, have witnessed a growing demand for organic rice that local producers cannot satisfy, according to Winfried Scheewe, adviser to the Cambodian Organic Agriculture Association (COrAA). Scheewe says demand for organic rice is on the rise, especially in the Philippines, Malaysia and Singapore, but also ...

http://www.phnompenhpost.com/index.php/Special-Reports/cambodian-organic-rice-on-demand.html

Kenya wants flights and rice imports

The Ambassador of African country Kenya, Richard Titus Ekai, told Deputy Prime Minister Sok An on Wednesday that he would like to see direct flights between Phnom Penh and Nairobi. Sok An met Kenyan Ambassador Ekai at his office to discuss the initiative regarding direct flights ...

http://www.phnompenhpost.com/index.php/2012092858983/Business/phnom-penh-nairobi-connection-to-boost-the-economy.html

Court Questions Unionist on Incitement Charges

The Kandal Provincial Court yesterday questioned labor leader Rong Chhun over allegations he incited garment factory workers to stage an illegal strike, a court official said. A director at the Tai Yang garment factory in Ang Snuol district- which supplies apparel to U.S. brands Levi Strauss, ...

Union boss grilled on incitement allegation

The president of the Cambodian Confederation of Unions Rong Chhun appeared in Kandal Provincial Court for nearly three hours yesterday, fielding questions stemming from accusations of incitement and defamation, the union boss said. According to Chhun, his appearance was related to a complaint alleging that he had incited ...

http://www.phnompenhpost.com/index.php/2012092858972/National-news/union-boss-faces-charges-for-inciting-strike.html

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