Economy and commerce
Trade
Cambodia should not focus on Trans-Pacific Partnership, analysts say
As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...
Sok Khemara
http://www.voacambodia.com/content/cambodia-should-not-focus-on-trans-pacific-partnership-analysts-say/3013799.html
PM urges greater economic integration with China
Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...
May Kunmakara
http://www.khmertimeskh.com/news/16773/pm-urges-greater-economic-integration-with-china/
E-commerce law to debut by end of year
The draft law on e-commerce is set to be completed and enacted by the end of this year, ahead of the launch of the Asean Economic Community (AEC), which begins at the end of the year, commerce officials said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/16571/e-commerce-law-to-debut-by-end-of-year/
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
Sor Chandara
http://www.phnompenhpost.com/business/exports-20-h1-europe-purchases
Cambodia sees 37 percent surge in rice export
Cambodia exported 369,105 tonnes of milled rice in the first nine months of 2015 — a 37 percent rise over the same period last year, according to a report on Wednesday. ...
Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-sees-37-percent-surge-in-rice-export-115093000523_1.html
China, ASEAN eyes production capacity cooperation
Zhang Ping, owner of a northeast China power technology company, described his trip to the 12th China-ASEAN Expo in the southern city of Nanning as a success. Also attending the expo, representatives from Sihanoukville special economic zone in Cambodia are seeking investment from China and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/19/c_134640721.htm
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
GMS ministers calls for the mobilization of the additional $ 30 billion fund
Cambodia and other ministers attending the 20th Greater Mekong Subregion (GMS) Ministerial Conference in Myanmar called for the mobilization of additional funding to fully implement a $30 billion pipeline of investment and technical assistance projects that will drive growth and infrastructure development in the subregion. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gms-ministers-calls-for-the-mobilization-of-the-additional--30-billion-fund-8941
Mobile options fuel insurance surge
Partnerships with mobile service providers have greatly helped insurance companies with market penetration here, insurers told Khmer Times. ...
Igor Kossov
http://www.khmertimeskh.com/news/15538/mobile-options-fuel-insurance-surge/
ILO says latest draft law on Trade Union an improvement
The regional director of the International Labor Organization (ILO) said Tuesday that the latest proposed changes to Cambodia’s draft Trade Union Law—which has been blasted by employers and unions alike—marked an improvement over the last version, which the ILO had called a “step backward.” ...
Zsombor Peter
https://www.cambodiadaily.com/news/ilo-says-latest-draft-law-on-trade-union-an-improvement-93690/
Experts at odds over effects of Yuan devaluation
Economists and industry experts disagreed Tuesday on the effects that recent currency devaluations in China and Vietnam would have on the Cambodian economy. ...
Kang Sothear and Anthony Jensen
https://www.cambodiadaily.com/business/experts-at-odds-over-effects-of-yuan-devaluation-92553/
Cambodian secretary of state of commerce chaired the CLMV meeting in Malaysia
The Seventh Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 25 August 2015 in Kuala Lumpur, Malaysia, according to ASEAN secretariat’s press release.The Meeting was chaired by H.E. Mr. Pan Sorasak, Secretary of State for Commerce, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-secretary-of-state-of-commerce-chaired-the-clmv-meeting-in-malaysia-8884
Cambodian artists and filmmakers urge the government to prevent foreign dramas
A group of Cambodian artists and filmmakers requested the government to take action on the foreign dramas. Cambodia has lost some $6 million annually to buy foreign programs or dramas from Korea, Thailand, China, Hong Kong, and the Philippines. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-artists-and-filmmakers-urge-the-government-to-prevent-foreign-dramas-8880
Corners cut in crowded ISP war
A Google search for Cambodian Internet service providers (ISPs) turns up a dizzying number of results, some advertising monthly rates as low as $18 for 4 Mb/s. ...
Jonathan Cox and Igor Kossov
http://www.khmertimeskh.com/news/14734/corners-cut-in-crowded-isp-war/
Cambodia's garment exports up 9% in 1st half of 2015
Garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-garment-exports-up-9-in-1st-half-of-2015-8849
Cambodia's rubber exports up 47% in 1st half of 2015
Cambodia exported 61,969 tons of dry rubber in the first six months of 2015, an increase of 47% from 42,189 tons over the same period last year, according to the Chinese State News Agency-Xinhua’s report. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-rubber-exports-up-47-in-1st-half-of-2015-8847
Strong dollar not helpful for cambodia
The strong dollar might cause pain to Cambodia’s economy by reducing margins and purchasing power for both importers and exporters. ...
Igor Kossov
http://www.khmertimeskh.com/news/14511/strong-dollar-not-helpful-for-cambodia/
Cambodia’s int’l trade value up 9 percent
The value of Cambodia’s international trade increased by about 9 percent in the first six months of this year compared with the same period last year, according to the latest data from the Commerce Ministry. ...
Kang Sothear
https://www.cambodiadaily.com/business/cambodias-intl-trade-value-up-9-percent-91908/
Cambodia's trade volume up nearly 10 pct in 1st half of 2015
Cambodia’s trade volume with foreign countries was valued at $ 9.75 billion in the first six months of 2015, an increase of 9.5 percent from $ 8.9 billion over the same period last year, according to Chinese News Agency-Xinhua quoted the ministry of commerce’s statistics. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-trade-volume-up-nearly-10-pct-in-1st-half-of-2015-8837
China rice deal gets more urgent
Cambodia’s need to secure China as a rice export destination is becoming increasingly urgent, with China’s multiple pending agreements with other countries in Southeast and South Asia, said industry insider David Van. ...
Igor Kossov
http://www.khmertimeskh.com/news/14389/china-rice-deal-gets-more-urgent/
Port at Sihanoukville sees growth in imports, exports
The number of cargo and cruise ships moving in and out of the port at Sihanoukville continues to increase. More than 2.2 million tons of cargo moved through the port in the first seven months of this year, officials say, an increase of some 200,000 ...
Phorn Bopha
http://www.voacambodia.com/content/port-at-sihanoukville-sees-growth-in-imports-exports/2915138.html