Trade

Exports

Rice industry calls for help

Milled-rice exporters have called on the government to continue its efforts in reducing electricity and transportation costs, two of the main obstacles facing the government’s goal of exporting 1 million tonnes of milled rice by 2015. At a working group on rice exports on Friday, 40 ...

http://www.phnompenhpost.com/index.php/2012061156715/Business/rice-industry-calls-for-help.html

Cambodian port’s cargo rises 10 percent

The cargo of merchandises including clothes, agriculture products, construction, electronics and other products through the Phnom Penh Autonomous Port (PPAP) has increased 10 percent in the first five months of this year in comparison to the same period last year, according to PPAP’s statistics. ...

http://www.etmcambodia.com/news.php?id=118

Stevia Nutra Corporation Set to Launch Stevia Propagation Centre in Cambodia

Stevia Nutra Corporation — (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...

http://www.marketwatch.com/story/stevia-nutra-corporation-set-to-launch-stevia-propagation-centre-in-cambodia-2012-06-08

SL factory strikes to slow Cambodian garment industry

A sharp increase in garment factory strikes this year has raised eyebrows among industry insiders, who say the disputes could lead to a decrease in year-on-year export growth. The Arbitration Council, which hears work-related disputes such as factory strikes, saw claims nearly double during the first ...

http://www.phnompenhpost.com/index.php/2012060756642/Business/strikes-hit-garment-boom.html

Second rice trial to China

Local rice miller Mega Green said it planned to export about 240 tons of milled rice to the Chinese market by the end of June – a second round of test exports to Cambodia’s northern neighbour. Renne Outh, owner of Mega Green Imex Cambodia, told the ...

http://www.phnompenhpost.com/index.php/2012060156526/Business/second-rice-trial-to-china.html

Cambodia Plans to Send Second Test Consignment of Rice to China

Cambodia is planning to send a second consignment of 40 tons of milled rice to China as a part of the approval process for rice exports to China. In April, China had rejected a sample consignment of about 48 tons ...

http://oryza.com/Rice-News/15283.html#

Southeast Asia's solid economic growth rides over global woes

Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...

http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601

Electronics factory to open

A US$37.9 million base plate factory will launch in June in the northwestern province of Banteay Meanchey, Japanese electronics manufacturer SC WADO Component Co said yesterday in a statement. The entry of SC WADO, a subsidiary of Nidec Electronics, was another step in Cambodia’s march away ...

http://www.phnompenhpost.com/index.php/2012053156501/Business/electronics-factory-to-open.html

Garment Exports Grow 15% in First Quarter

Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...

SMEs look to regional buyers

Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...

http://www.phnompenhpost.com/index.php/2012053056469/Business/smes-look-to-regional-buyers.html

Buses to Run Direct to and from Bangkok

Starting next month, 80 Cambodian and Thai buses and trucks will be allowed to transport goods and passengers directly between Bangkok and Phnom Penh for the first time, an official said yesterday. Suon Vanhong, deputy director of transport at the Ministry of Public Works and Transport, ...

Kingdom’s logistics firms see diversity

Logistics firms saw a new level of diversity in Cambodian exports, a trend that would protect the economy from external shock, several shipping companies said. The Kingdom is on the right track to diversify and increase the export of agricultural products, while decreasing its reliance on ...

http://www.phnompenhpost.com/index.php/2012052956445/Business/kingdoms-logistics-firms-see-diversity.html

Rice alliance formed

A new partnership looking to export Cambodian rice to world markets formed yesterday afternoon at Sunway Hotel The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) elected their first executive committee, which includes office holders Phou Puy, Hann Khieng, Oknha Kong Sang, Sok Cheng, Seng ...

http://www.phnompenhpost.com/index.php/2012052856413/Business/rice-alliance-formed.html

Guinea interested in Cambodian rice

The Republic of Guinea plans to import 40,000 tonnes of milled rice from Cambodia, Alpha Condé, the president of the West African nation, said during a recent visit to the Kingdom. The two countries will also look to follow up on agricultural technology co-operation agreed on ...

http://www.phnompenhpost.com/index.php/2012052856412/Business/guinea-interested-in-cambodian-rice.html

Cambodia: Economic Performance and Reform Update

The Cambodian economy has continued its high growth path as real GDP expanded by 6.9 percent in 2011 and is expected to grow by 6.6 percent in 2012, report from world bank said this week. Cambodia has been one of the fastest growing countries in the world over the past ten years, ...

http://thesoutheastasiaweekly.com/

Cambodia-India Trade Values $85 Million In 2011

Cambodia-India trade valued $85 million last year while Cambodian exports amounted $12 million and imports from India were worth $73 million, an official said Friday. ...

http://thesoutheastasiaweekly.com

Silk producers look to sew up EU market ties

Cambodia’s silk producers say they must cut costs in order to continue reaching troubled European markets, the primary target for the Kingdom’s sericulture products. Insiders said Cambodian companies must start producing their own silk for the industry to survive. Silk craftspeople import some 400 tonnes of silk ...

http://www.phnompenhpost.com/index.php/2012052556377/Business/silk-producers-look-to-sew-up-eu-market-ties.html

World Bank outlook for Cambodia positive

The World Bank’s biannual report on Cambodia was largely positive given dire economic prospects in Europe, which economists agreed were closely tied to the Kingdom’s key export sectors. The report, released yesterday, predicted 6.6 per cent growth in gross domestic product Manufacturing is predicted to slow slightly this year, ...

http://www.phnompenhpost.com/index.php/2012052456354/Business/world-bank-outlook-for-cambodia-positive.html

Sihanoukville port on track for stock float

The Sihanoukville Autonomous Port was making every effort to speed up preparations for its listing on the Cambodia Securities Exchange, the port’s chief executive officer, Lou Kim Chhun, said this week. The company would list 15% of it’s stock to begin with, and would ‘study ...

http://www.phnompenhpost.com/index.php/2012052456348/Business/sihanouk-ville-port-on-track-for-stock-float.html

China OKs Kingdom rice

After more than a year of speculation on Cambodian rice exports to China, a rice exporter this week said China has granted the Kingdom permission to ship milled rice northward. Despite a growing stack of quasi-agreements for exports, regulatory issues have plagued the prospects of tapping ...

http://www.phnompenhpost.com/index.php/2012052456355/Business/china-oks-kingdom-rice.html

Thai-Cambodia agricultural zones set for establishment

Cambodia and Thailand have agreed to set up specialised agricultural export zones along the border inside Cambodia in a bid to curb any suspension of cross-border trade from Thailand, as well as to achieve a 30 per cent increase in bilateral trade year-on-year, commerce official ...

http://www.phnompenhpost.com/index.php/2012052456351/Business/thai-cambodia-agricultural-zones-set-for-establishment.html

World Bank Raises GDP Outlook for 2012

The World Bank yesterday raised Cambodia’s gross domestic product outlook for 2012 by 0.1 percent to 6.6 percent, saying that last year’s flooding and the global economic slowdown did not affect Cambodia’s economy as much as first expected. According to the World Bank’s East Asia and ...

Trade with Malaysia up as exporters look East

Bilateral trade between Cambodia and ASEAN member state Malaysia rose by 34 per cent year on year in 2011 to US$319.5 million compared to the year before, according to data from the Embassy of Malaysia in Phnom Penh released yesterday. Experts noted the nearly 100 per ...

http://www.phnompenhpost.com/index.php/2012052356319/Business/trade-with-malaysia-up-as-exporters-looks-east.html

Fewer Pig Imports Send Pork Prices Upward

Growing demand for pork on the Thai market since March has lead to an increase in the price of live pigs in Cambodia, as Thai farmers reduce the amount of live pigs exported to Cambodia in order to fuel local demand, officials said yesterday. ...

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