Trade

Exports

Cheap Cambodian sand reaches city

The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...

http://www.thehindu.com/news/cities/chennai/cheap-cambodian-sand-reaches-city/article4082209.ece

Hun Sen to Hold Bilateral Talks With Obama During Summit

Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...

http://www.cambodiadaily.com

Tax revenue up from 2011

Cambodia collected $633 million in taxes over the first 10 months of this year, a 31 per cent rise from $483 million over the same period last year, according to the General Department of Taxation. However, an opposition watchdog claimed the amount is still far ...

http://www.phnompenhpost.com/index.php/2012110959666/Business/department-officials-say-tax-revenue-is-up-from-last-year.html

Refined sugar for domestic market

Phnom Penh Sugar will begin producing white sugar this month for the Cambodian market to reduce the demand for imported sugar, according to a spokeswoman for the firm. Chheang Kemsoun, a representative of Phnom Penh Sugar, told the Post yesterday the company would produce white sugar ...

http://www.phnompenhpost.com/index.php/2012110759620/Business/refined-sugar-for-domestic-market.html

A factory’s fainting crisis

In a single factory that supplies some of the biggest international brands, faintings occurred every day for five years, a new investigation by the Cambodian Legal Education Centre has found. Until just weeks ago, when the management installed new fans, three to four garments workers were ...

http://www.phnompenhpost.com/index.php/2012110759624/National-news/a-factorys-fainting-crisis.html

Kingdom’s trade deficit widens

Cambodia’s total exports increased more than 13 per cent in the first nine months of this year, with a year-on-year comparison indicating a widening trade deficit. A private-sector representative, an exporter and an independent economist said the slow growth was mainly due to the slowing of ...

http://www.phnompenhpost.com/index.php/2012110759621/Business/kingdoms-trade-deficit-widens.html

Phnom Penh Port Cargo Up 15 Percent on Last Year

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 14.92 percent over the first 10 months of the year compared to the same period in 2011, a port official said yesterday. “We are seeing that the major imports are construction equipment ...

http://www.cambodiadaily.com

Trade with Thailand increases

Trade between Cambodia and Thailand increased by about 40 per cent to US$3 billion in the first nine months of this year in comparison with the same period last year, according to figures provided by the Royal Embassy of Thailand in Cambodia. According to Nat Vimonchandra, ...

http://www.phnompenhpost.com/index.php/2012110559559/Business/trade-with-thailand-increases.html

Indonesia in Talks With Cambodia Over Rice Export Deal

An Indonesian trade delegation is scheduled to visit Cambodia this month to finalize a trade deal that could see up to 100,000 tons of rice exported to Indonesia each year, Thon Virak, director general of state-owned rice exporter Green Trade Co., said on Friday. “Indonesia wants ...

Indonesia to import 100,000 tons of rice from Cambodia

Indonesia will import 100,000 tons of rice from Cambodia next month, Trade Ministry director general for foreign trade Deddy Saleh has said. The importation is a follow up from a joint trade agreement signed in August this year. “For the first batch, we will import 100,000 tons ...

http://www.thejakartapost.com/news/2012/11/01/indonesia-import-100000-tons-rice-cambodia.html

Swedish outcry has royal voice in midst

Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...

http://www.phnompenhpost.com/index.php/2012103159482/National-news/swedish-outcry-has-royal-voice-in-midst.html

Beef price almost doubles

High demand for beef, particularly during the Islamic Qurban festival which ended yesterday, caused beef prices to almost double compared with the same period last year, according to Islamic leaders and officials. Him Khortieth, IKatan  Mahabbah Muslimin’s (IMAN) representative in Cambodia, said the association planned to ...

http://www.phnompenhpost.com/index.php/2012103059462/Business/beef-price-almost-doubles.html

Milled rice boost: Cambodia gets US$1 million grant for milled rice exports

Cambodia has received a US$1 million grant in order to develop its milled rice industry and strengthen the country’s exporting capacity, according to the Cambodian Ministry of Commerce. It is part of a larger, US$3-4 million grant from the Enhanced Integrated Framework (EIF), a partnership ...

http://www.etmcambodia.com/viewarticles.php?articlesid=246

H&M slammed over wages

Criticism has mounted against Swedish multinational clothing company H&M in its home country following a documentary released last week that sheds light on wages in its source factories in Cambodia. The episode of Swedish network TV4’s Kalla Fakta, or Cold Facts, focuses mainly on Cambodian garment ...

http://www.phnompenhpost.com/index.php/2012102959442/National-news/ham-slammed-over-wages.html

Trade with Vietnam slows

Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...

http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

Export diversity induces growth

In order for Cambodia to maintain the same rate of growth it has enjoyed in the past few years, exports need to diversify from textiles and tourism to modern services, said the World Bank’s country manager yesterday in Phnom Penh. “Cambodian firms are already tentatively exporting ...

http://www.phnompenhpost.com/index.php/2012102459390/Business/export-diversity-induces-growth.html

FedEx opens new air freight hub

FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...

http://www.supplychainreview.com.au/news/articleid/81499.aspx

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