Economy and commerce
Trade
Fish imports from Cambodia banned by EU
The European Commission (E.C.) will today ban all fish imports from Cambodia, carrying through on its threat made in November to punish the country for failing to show genuine commitment to tackling the global problem of illegal fishing, according to a memo released Friday. The ban, ...
Zsombor Peter and Simon Henderson
http://www.cambodiadaily.com/news/fish-imports-from-cambodia-banned-by-eu-54770/
Second death confirmed on Kompong Speu sugar plantation
A 44-year-old woman was run over and killed by a harvesting machine on Sunday while working on a sugarcane plantation in Kompong Speu province owned by CPP Senator Ly Yong Phat, marking at least the second death on the plantation since December. Y Mom, originally from ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/second-death-confirmed-on-kompong-speu-sugar-plantation-54417/
Sugar exports to stay duty free, EU trade czar says
European Union Trade Commissioner Karel de Gucht said he has no plans to launch an investigation into Cambodia’s much-criticized sugarcane plantations after a meeting with Commerce Minister Sun Chanthol in Phnom Penh on Tuesday. Bottom line: Cambodia’s free trade benefits to Europe are safe for ...
Zsombor Peter
http://www.cambodiadaily.com/news/sugar-exports-to-stay-duty-free-eu-trade-czar-says-54447/
Exports of bicycles to dip in 2014
Cambodia’s bicycle exports to the European Union are expected to decline this year after changes to EU trade preferences in early January excluded Malaysian and Singaporean parts from the scheme. Under EU preferences, a bicycle is considered a Cambodian product when at least 30 per cent ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-bicycles-dip-2014
Porsche dealership to open
The newly appointed local distributor of German carmaker Porsche broke ground yesterday on a $2 million dealership that is set to open within eight months across from the Phnom Penh International Airport on Russian Boulevard. Equipped with four service bays, the planned Porsche Centre Phnom Penh ...
Eddie Morton
http://www.phnompenhpost.com/business/porsche-dealership-open
Sugar on EU visit’s agenda
European Union Trade Commissioner Karel de Gucht will visit Cambodia this week, the European Commission announced, with rights groups hoping that land grabbing related to sugar plantations will be high on the agenda. Following bilateral meetings in Brussels last week between Cambodia and the EU during ...
Kevin Ponniah and Vong Sokheng
http://www.phnompenhpost.com/national/sugar-eu-visit%E2%80%99s-agenda
EU concerned, but no threats to cut Cambodia aid, trade
The European Union has called on Cambodia to release 21 jailed activists and protesters and told the government during high level talks held here this week that a failure to reform the judiciary and electoral process could have severe consequences for the ruling party by ...
Simon Marks
http://www.cambodiadaily.com/news/eu-concerned-but-no-threats-to-cut-cambodia-aid-trade-54254/
Eighth EU-Cambodia Joint Committee concludes in Brussels
The 8th EU-Cambodia Joint Committee was held in Brussels on Thursday, preceded by the subgroups on development cooperation, on trade and on institution building, administrative reform, legal and judicial reform, governance and human rights, the European bloc said in a press release. The two sides ...
RTT News Staff
http://www.rttnews.com/2285917/eighth-eu-cambodia-joint-committee-concludes-in-brussels.aspx?type=gn&utm_source=google&utm_campaign=sitemap
Taiwan's bike makers shrug off challenge from Cambodia
Giant Bicycles founder and chairman King Liu said on March 5 that Taiwan’s bicycle manufacturers are still competitive, despite the challenge from Cambodian competitors becoming stronger due to the country’s favorable tax policy. Bicycles exports from Taiwan were down 11.49% year-on-year in 2013, while exports ...
Want China Times News Staff
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140311000004&cid=1206
Dreamworld operator sees revenue drop
Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...
Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/
Lower Mekong fish production estimated to be worth up to $7 bln a year
Production from freshwater capture fisheries and aquaculture in the Lower Mekong Basin is estimated to be worth up to $7 billion a year, the Mekong River Commission says. The newsletter said total first-sale value was estimated at $3.9 to $7.0 billion per year. “Over the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODc4MWI3YWIwNDF#sthash.cv2zcyPP.Aswun6lj.dpuf
Cambodia Rice Federation (CRF) Launched to Help Nation Reach Annual Rice Export Target of One Million Tons by 2015
Cambodia officially announced the creation of the Cambodia Rice Federation (CRF) to improve competitiveness, promote trade, and increase investment in the rice sector, according to comments from the Prime Minister. Board elections are expected to take place Mrch 24 and the chairman is limited to ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-rice-federation-crf-launched-help-nation-reach-annual-rice-export-target-one
Cambodia and EU meet next week in Brussels
Ouch Borith, Secretary of State of Ministry of Foreign Affairs and International Cooperation of Cambodia, and Ugo Astuto, director of South and Southeast Asia of the European Union, will co-chair the 8th meeting of Cambodia-EU Joint Committee to strengthen relations and cooperation between Cambodia and ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjJlNTNjMzI1MzZ
New local distributor for Jaguar, Land Rover
RMA Cambodia confirmed yesterday it had taken over from rival firm Envotech as the Kingdom’s only authorised dealer of Land Rover and Jaguar vehicles. Envotech will have held the authorised dealer rights for two years when it closes its Phnom Penh dealership on March 26. RMA, whic ...
Hor Kimsay
http://www.phnompenhpost.com/business/new-local-distributor-jaguar-land-rover
Britain eyes 5 bln USD trade volume with Cambodia by 2020: envoy
British Prime Minister’s Trade Envoy David Puttnam said Thursday that the country looked to boost bilateral trade volume with Cambodia to $5 billion by 2020. “The bilateral trade between the UK and Cambodia reached $1 billion last year and we expect the trade volume will hit ...
Global Times
http://www.globaltimes.cn/content/846621.shtml#.UxlBOD-Sylt
Cambodia could lose competitive edge in bicycles: report
Cambodia could lose its competitive advantage in bicycle manufacturing and assembly, an industry source says. In a report from the Taipei Cycle Show late Wednesday, the US-based Bicycle Retailer and Industry News said Cambodia had used low wages and zero tariffs in the European Union to ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGJjZWE0MTM4YzR
Cambodia's trade with ASEAN hit US$4.16 Billion last year
Cambodia’s trade volume with Asean member states reached US$4.16 billion last year, up 12 percent from US$3.71 billion in 2012, Xinhua news agency reported. In the Commerce Ministry’s report released Wednesday, Cambodia exported products equivalent to US$482 million to the Association of Southeast Asian Nations (Asean) ...
Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1019495
Amid stable outlook, Moody's confirms Cambodia credit rating
Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MmM0MmU3NmU4MmU
Thailand shuts 6 checkpoints in Banteay Meanchey
Six border checkpoints in Banteay Meanchey province were on Saturday closed unilaterally and without warning by Thailand, local officials and border police said. Lieutenant Colonel So Channry, chief of the 911 border battalion in O’Chrov district, said that Thai authorities had closed the checkpoints, one of ...
Ben Sokhean
http://www.cambodiadaily.com/news/thailand-shuts-6-checkpoints-in-banteay-meanchey-53537/
End right to unionize, businesses ask Hun Sen
Prime Minister Hun Sen told business leaders and government officials Tuesday that he will not tolerate “illegal” labor strikes that harm investment, but avoided judgment on a request to withdraw ratification of a U.N. convention protecting workers’ rights to unionize. Speaking at the 17th Government-Private Sector ...
Hul Reaksmey and Alex Willemyns
http://www.cambodiadaily.com/news/end-right-to-unionize-businesses-ask-hun-sen-53516/
Cambodia needs to build human capital for ASEAN Community 2015: PM
Cambodia needs to build qualified and competent human capital to prepare for competition when the ASEAN Economic Community becomes a reality at the end of 2015, Prime Minister Hun Sen said Tuesday. “The Cambodian government will focus its attention on strengthening education quality and technical vocational ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-03/04/c_133160359.htm
Japan’s small, medium companies see business opportunity in Cambodia
Many small and medium companies of Japan are showing their interest in doing business in Cambodia, according to an assistant of Prime Minister Hun Sen. 99 percent of Japanese small and medium companies are interested in investing in Asia, especially in Cambodia, which is located ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZmRkYzBiYWVjZWR
PM decries copyright theft
Prime Minister Hun Sen yesterday called on government bodies, local authorities, international organisations and the private sector to dial back Cambodia’s widespread theft of copyrighted works, like film and music, and encouraged the creation of more original, home-grown cultural works. Copying other countries’ cultural output – ...
Vong Sokheng
http://www.phnompenhpost.com/national/pm-decries-copyright-theft
NGO declares Coca-Cola’s visit compromised by police
Auditors from the Coca-Cola Company visited Oddar Meanchey province on Friday to investigate allegations of land grabbing against sugar plantations that supply the global drinks giant, but called off a community meeting because of a heavy police presence, an NGO said Sunday. Chun Bora of the ...
Aun Pheap
http://www.cambodiadaily.com/news/ngo-declares-coca-colas-visit-compromised-by-police-53395/