Trade

Exports

Brown rice standards are being promoted

Cambodian officials have begun to raise awareness on the forthcoming government issued standards for Cambodian milled brown rice, in an effort to guage reactions ahead of the official approval by the National Standards Board, according to officials. The official approval, aimed at promoting brown rice in ...

http://www.phnompenhpost.com/index.php/2012091958785/Business/government-promotes-new-brown-rice-standards.html

Cambodia records US$1.51-B trade deficit in 7 months

Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday. During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at ...

http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm

500 Garment Workers Protest Over Unpaid Wages

About 500 garment workers gathered in front of their factory in Kompong Speu province yesterday to protest that the factory had not paid their full salary for August, a worker representative said yesterday. The protest started on Tuesday at Sien-Atree Co. Ltd. in Samraong Tong district ...

Cambodia's 2nd largest port records 7.5 pct rise in shipments in 8 months

Container traffic through Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year versus the same period last year, hitting the port's record on Tuesday. During the January-August period this year, the port had received 57,000 twenty-foot-equivalent units, or TEUs, ...

http://www.asean-china-center.org/english/2012-09/12/c_131845571.htm

Speculators pounce on rice market as prices rise

Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice ...

http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html

Union President calls for inspectors

The president of the Free Trade Union yesterday sent a letter to the Ministry of Labour’s inspection department to monitor working conditions at M&V factories in Kampong Chhnang province, alleging excessive overtime is causing workers to faint. “They have to work both in day and night ...

http://www.phnompenhpost.com/index.php/2012091258654/National-news/union-president-calls-for-inspectors.html

Rat meat on the menu at the Vietnamese border

... Eating rat is a common phenomenon over the border in Vietnam, but increasing numbers of Cambodians in nearby villages are adopting rodent cuisine with relish. ... As many as three tonnes of rats are caught every day in Cambodia and exported to Vietnam to feed a ...

http://www.phnompenhpost.com/index.php/2012091258640/Lifestyle/rat-meat-on-the-menu-at-the-vietnam-border.html

Official Urges Students to Take Technical Studies to Find Work

A preference for NGO and government jobs among young Cambodians was contributing to a critical labor shortage in the industrial manufacturing sector, a Labor Ministry official said yesterday. Speaking to 3,000 prospective university students on Phnom Penh's Diamond Island, Labor Ministry Secretary of State Pich Sophoan ...

Cambodia's Trade Grows By 15 Percent

Cambodia's total trade volume grew 15.41 percent to reach$7.46 billion in the first seven months compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Revenues earned through exports reached $2.9 billion, an increase of 11.82 percent compared to ...

Food Prices Remain High

Global food prices remained high in August according to the UN’s Food and Agriculture Organisation (FAO) food price index, maintaining the high level achieved last month as corn prices jumped in the US and rice prices increased in Cambodia. With 213 points in August the food ...

http://www.phnompenhpost.com/index.php/2012091158634/Business/food-prices-remain-high.html

Consumer price index climbs on food and fuel

Cambodia's consumer price index (CPI) increased slightly year-on-year in July by 1.3 per cent, which was driven by increased food and fuel prices, according official data from the National Institute of Statistics (NIS). "The increase for all index groups was 1.3 per cent of inflation in July 2012 ...

http://www.phnompenhpost.com/index.php/2012091058593/Business/consumer-price-index-climbs-on-food-and-fuel.html

Pharmaceutical plant announces expansion

PharmaProduct Manufacturing, Cambodia’s self-described first pharmaceutical plant, announced last week plans to expand into other ASEAN markets once the ASEAN Com­mu­nity frame-work is adopted in 2015. According to its online materials, the producer of the painkiller KINAL – among other medicines – opened its doors in 1996, and has ...

http://www.phnompenhpost.com/index.php/2012091058607/National-news/cambodian-pharmaceutical-plant-announces-asean-expansion.html

Tide changes at Ocean as factory pays strikers

Ocean Garment, the Phnom Penh-based clothing manufacturer at the centre of sexual harassment claims and an illegal strike that lasted more than two weeks, has agreed to compensate more than 2,500 workers for wages lost during the protests, a move union advocates have highlighted as ...

http://www.phnompenhpost.com/index.php/2012091058601/National-news/rare-win-for-ocean-garment-strikers.html

New Mekong Port to Ease Overloaded Phnom Penh Terminal

With cargo traffic at the Phnom Penh Autonomus Port growing rapidly, a nearly completed container terminal just south of the city on the Mekon River should help ease the congestion. The 30-hectare port, in Kandal province's Kein Svay district, was completed late last month, though cranes ...

Garment Workers Continue Tax Deductions Protest

About 600 garment workers of the Top Form factory in Phnom Penh's Russei Keo district continued protesting yesterday against new income tax deductions from their pay outside the factory after police blocked them from marching on National Road 5. Workers have been protesting since Friday against ...

Bra factory workers look to ministry for support

About 300 workers entered their sixth day of strikes yesterday at a bra factory in the capital, which manufactures lingerie supplied to Victoria’s Secret and Valentino, but their hopes of a quick resolution were dashed when a Ministry of Social Affairs official admitted he was ...

http://www.phnompenhpost.com/index.php/2012090758559/National-news/bra-factory-strikers-look-to-ministry-for-support.html

Rice Production Increases as Country Moves Toward 2015 Export Goal

Economists and agriculture officials say Cambodia could export 1 million tons of milled rice by 2015, but that depends on improvements in the sector, along with some global factors out of the control of the country’s farmers and millers. Prime Minister Hun Sen has set the ...

http://www.voacambodia.com/content/rice-production-increases-as-country-moves-toward-2015-export-goal/1502343.html

India shows interest in cashew nut processing

India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy. Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for ...

http://www.phnompenhpost.com/index.php/2012090658526/Business/india-shows-interest-in-cashew-nuts-processing.html

Garment Workers Set Tires on Fire as Tax Protest Continues

About 600 garment factory workers continued their strike in Phnom Penh yesterday, setting car tires alight to protest what they said were unfair salary cuts but factory representatives and labor officials described as a normal tax on income. "The factory told us that they cut our ...

Ensure fairness, Kirk advises

Cambodia needs to ensure fair treatment of both domestic and foreign investors if it wants to attract more foreign investors, accordsing to US Trade Representative Ron Kirk. Kirk presented the idea during a press conference last week in Siem Reap durig the ASEAN-US Business Summit by ...

http://www.phnompenhpost.com/index.php/2012090558496/Business/ensure-fairness-kirk-advises.html

Emerging Mining Sector to Be Subject to Grassroots Scrutiny

As mining companies continue to scour Cambodia for minerals, work is also under way to build a network of local monitors and activists to shed light on the country's often-opaque mining sector and its practices. ...{T]he Ministry of Industry, Mines and Energy has granted an unknown ...

Needs compared with the UK

Cambodia's needs and how they overlap with the UK’s strengths are an important issue in trade and investment relations between the two countries, according to British Ambassador Mark Gooding during a presentation to the Cambodian Chamber of Commerce (CCC) yesterday. Bilateral trade is mainly driven by ...

http://www.phnompenhpost.com/index.php/2012090458466/Business/uk-to-diversify-trade-ambassador.html

ASEAN push for integration

ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015. Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting ...

http://www.phnompenhpost.com/index.php/2012090358439/Business/asean-push-for-integration.html

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