Economy and commerce
Trade
Feed plant in Pailin to aid farmers’ stockpiles
Pailin province’s $5 million animal-feed processing plant and warehouse is to finish construction in the next three months and it is a welcomed development for the local farming community. The plant’s owner, Chea Kea, who also owns Diamond Crown casino on the border with Thailand in ...
Chan Muyhong
http://www.phnompenhpost.com/business/feed-plant-pailin-aid-farmers%E2%80%99-stockpiles
Rice piles up as exports slow
Lagging demand from foreign buyers has led to Cambodian rice being stockpiled at the country’s mills, according to the head of the country’s peak rice body. Sok Puthyvuth, president of the Cambodia Rice Federation (CRF), said that with exporters receiving fewer orders, the country’s larger rice ...
Hor Kimsay
http://www.phnompenhpost.com/business/rice-piles-exports-slow
Cambodia: Garment and textile exports grow in Q1
Despite lapses in factory safety and ongoing labour unrest, Cambodian exports of garments and textiles grew 9% in the first three months of the year. According to data from the Garment Manufacturers Association in Cambodia (GMAC), Cambodia exported US$1.17bn worth of garments and textiles between January ...
Katie Smith
http://www.just-style.com/news/garment-and-textile-exports-grow-in-q1_id122051.aspx
Gov’t continues to seek new markets
The Ministry of Commerce has vowed to uncover more markets for Cambodian products to help buffer against price fluctuations caused by the Kingdom’s dependency on neighboring countries. In a response to concerns raised on social media, Commerce Minister Sun Chanthol wrote on the ministry’s official Facebook ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-continues-seek-new-markets
H&M, ILO Form New Industrial Relations Initiative
In an effort to bring stability back to the country’s embattled but crucial garment industry, the Ministry of Labor has joined forces with the International Labor Organization (ILO) and Swedish clothing giant H&M in a campaign for unions and factories to sign direct agreements to ...
Lauren Crothers
http://www.cambodiadaily.com/news/hm-ilo-form-new-industrial-relations-initiative-61424/
Thai capital market should cater to Cambodia, Laos, Myanmar
Thailand’s capital market should aim to be a funding base for Cambodia, Laos and Myanmar to gain the full benefit from high growth in the Greater Mekong Subregion and a more integrated region through the Asean Economic Community (AEC), panellists at a Euromoney Conferences forum ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MTc2MDk3YzQ2ZTI
Italy seeks to halt EU imports of duty-free Cambodian rice: report
Italy plans to lobby the European Union to halt duty-free imports of rice from Cambodia to protect local rice growers and millers, an industry source says. In a report Thursday, oryza.com said Italy was preparing to submit a report to Brussels saying that Cambodian rice was ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjBkNGJjNWM0ZDR
Bilateral trade with Malaysia up 17.6 percent
Bilateral trade between Cambodia and Malaysia increased during the first quarter this year by 17.6 percent compared to the same period last year, a Malaysian official said Tuesday. Trade increased from $89.63 million to $105.4 million, Rasazlan Abdul Rashid, the Malaysian ambassador to Cambodia, told a ...
Kang Sothear
http://www.cambodiadaily.com/business/bilateral-trade-with-malaysia-up-17-6-percent-61078/
Back on timber patrol
When Cambodia’s most prominent forest activist, Chut Wutty, was gunned down in April 2012, the community network he created to sabotage the rampant deforestation of this vast forest fragmented. The forest patrols that he organised nearly ground to a halt. Without money to fund large-scale expeditions, ...
May Titthara and Daniel Pye
http://www.phnompenhpost.com/national/back-timber-patrol
Rolls-Royce to sell luxury automobiles in Cambodia
Fabled luxury car maker Rolls-Royce will soon be marketing its goods in one of the world’s poorest countries: Cambodia. Rolls-Royce Motor Cars announced Monday that it has joined with a Cambodian business partner to open a showroom in the Cambodian capital next month. ...
Fox News Staff
http://www.foxnews.com/leisure/2014/06/09/rolls-royce-to-sell-luxury-automobiles-in-cambodia/
Vietnam’s fish industry dominates in Cambodia
At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, men frantically scoop dark, snake-like Trey Phtok fish out of a huge steel tank and into a wicker basket. The flickering pile of tails and gaping mouths is placed on a scale and weighs ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/vietnams-fish-industry-dominates-in-cambodia-60676/
Value of imported goods from Thailand jumps 14 percent
The total value of goods imported from Thailand increased more than 14 percent in the first four months of this year compared to the same period last year, according to data released Friday by the Thai Embassy in Phnom Penh. The figures show that the total ...
Kang Sothear
http://www.cambodiadaily.com/business/value-of-imported-goods-from-thailand-jumps-14-percent-60671/
Exporter under attack in rice row
In December 2011, the managing director of Megagreen Imex Cambodia, Renne Outh, proudly announced that his firm had inked a $21 million deal to be the first to ship Cambodian rice to the Philippines. Nearly two and a half years on, not a single Cambodian grain ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/exporter-under-attack-rice-row
Cambodia's tax revenue up 12 pct in first 5 months
Cambodia collected 444 million U. S. dollars in tax revenue during the first five months of the year, up 12 percent over the same period last year, said a press statement released by the General Department of Taxation on Wednesday. In May alone, the department ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/04/c_133384006.htm
FAO Estimates Cambodia 2014 Rice Exports to Increase Slightly to 1.2 Million Tons
The UN’s Food and Agriculture Organization (FAO) has estimated Cambodia’s 2014 rice exports to increase slightly to 1.2 million tons over that in 2013 due to increased production. The FAO reports that its exports estimate includes unofficial exports of milled as well as paddy rice ...
Oryza News Staff
http://oryza.com/news/rice-news/fao-estimates-cambodia-2014-rice-exports-increase-slightly-12-million-tons
Cambodia relies on ASEAN
Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/
Bordering on despair
In the wake of last month’s Thai military coup, an uneasy quiet has fallen over official checkpoints in Oddar Meanchey province, leading many on this side of the border to fear for their livelihoods. Sitting on a motorbike in the queue for O’Smach international border checkpoint ...
May Titthara
http://www.phnompenhpost.com/national/bordering-despair
Stung Treng villagers caught in forestry racket
SIEM PANG DISTRICT, Stung Treng province – For the elite few granted the right to level swathes of woodland in the north of this remote province, the timber trade is worth a fortune. For the Forestry Administration—the government body charged with policing logging—business is also booming. While ...
Phann Ana and Matt Blomberg
http://www.cambodiadaily.com/news/stung-treng-villagers-caught-in-forestry-racket-60017/
Rice industry caught in flux
The rice industry’s quest for greater quality at lower cost reached a dead end yesterday at a conference in Phnom Penh, with exporters and farmers polarised on how to achieve greater returns for the industry. The workshop, titled “Improving Rice Value Chain and Enhancing Farmers’ Livelihoods”, ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-industry-caught-flux
Rice exports to Thailand dive
Rice exports to Thailand plummeted in the first four months of the year as a result of that country’s surplus, which reached record levels at the end of 2013. Between January and April, Cambodia exported just 1,550 tonnes of rice to Thailand, down 89 per cent ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-exports-thailand-dive
Vendors hit as price of Thai durian imports rise
The price of durian from Thailand has risen sharply this year, leading to shrinking profits for fruit vendors in Phnom Penh as demand from China for the spiky, pungent fruit grows more robust. On Sihanouk Boulevard, fruit vendor Heng Sovanna said that since March, the price ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/vendors-hit-as-price-of-thai-durian-imports-rise-59964/
Grand Twins again delays bourse listing
Grand Twins International (Cambodia) Co. Ltd., a Phnom Penh-based manufacturer of clothes for U.S. athletic brands, has again delayed its listing on the Cambodia Securities Exchange (CSX), officials said Wednesday. The company was expected to list Thursday, but technical problems prevented it from doing so, according ...
Hul Reaksmey
http://www.cambodiadaily.com/business/grand-twins-again-delays-bourse-listing-59958/
Thai mangosteen, durian supplies short of demand in Cambodia, Vietnam
Cambodia and Vietnam have urged Thailand to export more mangosteen and durian in response to the high demand in both neighbouring countries. Sombat Juengtrakoon, deputy chairman of the Thai-Cambodian Border Trade and Tourism Association in Chanthaburi Province, told journalists Monday that Thailand export a lower volume ...
Pattaya Mail
http://www.pattayamail.com/business/thai-mangosteen-durian-supplies-short-of-demand-in-cambodia-vietnam-37980
State regulator warned Smart over luring qb subscribers
The Telecommunication Regulator of Cambodia (TRC) last week warned mobile operator Smart that it could face legal action for attempting to lure customers away from rival operator qb, and ordered Smart to resolve the issue “immediately,” according to a letter from TRC to Smart’s CEO ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/state-regulator-warned-smart-over-qb-dispute-59813/