Exports

Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and ...

Cambodia’s workforce must quickly improve its skills base if it is to compete with other countries in the region when the Asean bloc becomes a single market in 2015, officials said yesterday at a seminar held in Phnom Penh. When the Asean Economic Community goes ahead in ...

The second mass fainting in a month at Kampong Chhnang’s M&V garment factory, a supplier for global retailer H&M, saw 23 women taken to hospital yesterday, bringing the total number of affected workers in August to 67. Noun Sam Ol, president of the Free Trade Union ...

Cambodia will face both challenges and opportunities when the ASEAN Economic Community (AEC) combines its 10 countries into a single market for economic development, a move intended for 2015, officials said during a round-table discussion yesterday. Sok Siphanna, an adviser to the Ministry of Foreign Affairs and ...

Twenty-three workers at the M&V garment factory fainted yesterday morning in Kompong Chhang province, the second thime in a week that a mass faining has occured at the factory, a Labor Ministry official said. Meng Hong, a member of a workplace safety committee that the Ministry ...

The Minister of Social Affairs has sent a letter to the management of the Tai Yang and Camwell garment factories, suppliers to Levi’s and Gap, requesting it reinstate 37 workers involved in a strike that has dragged on for almost two months. “In order to ensure ...

Rice exports this year had been flat compared to last year because of the many challenges growers were facing, insiders said this week. The data shows exports were no better than last year for the same period, as exports for the first eight months of ...

The Cambodian government has approved 53 new garment and footwear factories, worth an estimated US$338 million, during the first half of this year, compared with 38 last year valued at $180 million, despite the increase in the number of strikes affecting the industry. Officials and industry ...

The second Cambodia International Machinery Industry Fair 2012 (CIMIF 2012) will kick off this weekend from at the Diamond Island Convention Center in an effort to promote the industry development and foreign investment in Cambodia. It will run for four days from tomorrow to August ...

Authorities in Stung Treng province have confiscated some 651 pieces of “luxury timber” from three communes in Se San district over the past week in an ongoing operation to crack down on illegal logging in the area, police said. The goods were confiscated just as a ...

A lack of economic diversity, faith in the banking sector and slow growth in vocational training and education topped the list of concerns among economists and investors yesterday at a meeting organized by the Asian Development Bank (ADB) and the government. According to data released ...

Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...

While Cambodian handicrafts such as silk clothing, stone and wood carvings and rattan furniture are popular with tourists, who snap up the articles at gift shops and airports, the size of the sector is nowhere near what it might be, according to industry insiders. They ...

Demand for low-quality white rice from African buyers has forced Thai exporters to purchase additional stocks from Cambodia and Vietnam to meet orders because domestic rice is in short supply due to government buying scheme, traders said on Wednesday. The price of 25 per cent broken grade Thai ...

The lastest investment data from the government shows that Cambodia’s economy is moving away from the long-trusted staple of the garment sector and into more compplex industries. For more than a decade, garments have accounted for the lion’s share of the country’s export market as investors shied away ...

National Assembly voted Friday to ratify the U.N. Convention on the Rights of People with Disabilities and the U.N. Rotterdam Convention, which promotes the responsible labeling nd export of hazardous chemicals and pesticides. The assembly also voted in favor of an agreement with Qatar to ...

Large dump trucks with beds full of rusted, twisted metal and aluminium canss rolled in, one after another, to unload their cargo at Phnom Penh’s largest scrap yard in Dangkao district. “All the metal must be exported because there are no recycling factories here [in Cambodia],” ...

CPP Senator Ly Yong Phat visited families embroiled in a long-standing land dispute with a Thai-owned sugar company on Monday in an attempt to convince them to drop their complaints against the firm at the court, villagers and officials said yesterday. The visit comes as pressure ...

After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...

Bank of China is in negotiations with Cambodia’s central bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial banks in Cambodia have launched yuan remittance and trade-settlement products. The ...

Cambodia’s small and medium enterprises (SMEs) are busily preparing for the ASEAN Economic Community’s free flow of goods in 2015 and are probably not that different from the other 10 ASEAN member states’ own SMEs.  Te Taing Por, president of the Federation of Associations for ...

Rubber exports increased by more than 5 per cent in the first half of the year compared to the same period in 2011 as the price decreased more than 28 per cent, according to data received from Cambodia’s Ministry of Commerce. The data shows that ...

Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...

Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year. Goods exported through the port are mostly garment products and ...