Ministries and other national bodies
Ministry of Commerce
Hun Sen lambasts disaster management official
Prime Minister Hun Sen lambasted a senior official in the National Committee for Disaster Management (NCDM) on Thursday after announcing that he would allocate money to aid victims of recent floods that have killed a total of 12 people. Speaking at the Chaktomuk Conference Hall for ...
Hul Reaksmey
http://www.cambodiadaily.com/news/hun-sen-lambasts-disaster-management-official-65994/
Cassava farmers plead for gov’t help
Cassava farmers are calling on the government to standardise prices and help stabilise demand as the market for the root crop continues to prove risky for growers. Cassava exports totalled 226,000 tonnes in the first six months of the year, down 21 per cent from a ...
Chan Muyhong
http://www.phnompenhpost.com/business/cassava-farmers-plead-gov%E2%80%99t-help
Cashew nut export numbers aren’t adding up: producers
Cambodian cashew nut exports are on the rise, yet export figures are still well below production numbers, with thousands of tonnes unaccounted for. Unshelled cashew nut exports totalled close to $2.5 million in the first six months of the year, with 2,800 tonnes exported, a rise ...
Chan Muyhong
http://www.phnompenhpost.com/business/cashew-nut-export-numbers-aren%E2%80%99t-adding-producers
China pledges to buy 100,000 tons of rice from Cambodia
A Chinese company is preparing a memorandum of understanding with Ministry of Commerce (MOC) pledging to buy 100,000 tons of rice from Cambodia, according to Sun Chanthol, Minister of Commerce. The intention was made clear during a meeting between the Minister of Commerce and Song Xiaoguo, ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTA3MzBlMTE0MTY
Italy demands ‘fairer’ rice deal
Italy has demanded that the European Union restrict Cambodia’s duty-free import status, as concerns over the survival of that country’s rice sector appear to be reaching a fever pitch. According to rice industry website Oryza, the Italian government has officially submitted a request to the EU ...
Eddie Morton
http://www.phnompenhpost.com/business/italy-demands-%E2%80%98fairer%E2%80%99-rice-deal
TAITRA reiterates Phnom Penh trade center approved
The Taiwan External Trade Development Council (TAITRA) yesterday insisted it has received the green light from the Cambodian government to open a Taiwan trade center in Phnom Penh. TAITRA, a non-profit trade promotion organization affiliated with the Ministry of Economic Affairs, made the remarks in response ...
Shih Hsiu-chuan
http://www.taipeitimes.com/News/taiwan/archives/2014/07/20/2003595537
S. Iswaran leading Singapore team to Cambodia to strengthen business ties
Mr S Iswaran Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry will be making an official visit to Cambodia on 21 July 2014. ...
The Straits Times News Staff
http://www.straitstimes.com/news/singapore/more-singapore-stories/story/mr-iswaran-leading-singapore-team-cambodia-strenghten-bu
Cambodia sees 1.41 bln USD trade deficit in 1st half of 2014
Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday. Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-07/15/c_133484829.htm
New Association seeks to improve rice market
Cambodian farmers are looking toward a new organization to help them get the best prices for their rice, but many are skeptical disparities between farmers and traders can be overcome. The Cambodian Rice Federation was started in May, bringing together disparate companies, associations and farmers in ...
Suy Heimkhemra
http://www.voacambodia.com/content/new-association-seeks-to-improve-rice-market/1957023.html
Four years on, arbitration center a step closer to taking cases
Nearly four years after it was established by the Commerce Ministry and one year on from its official launch, the National Commercial Arbitration Center (NCAC) held its first annual assembly Friday. The NCAC was set up in 2010 to provide businesses with an alternative to the ...
Ang Sothear and Holly Robertson
http://www.cambodiadaily.com/business/four-years-on-arbitration-center-a-step-closer-to-taking-cases-63898/
Local IT firm eyes off-shore expansion
Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...
Chan Muyhong
http://www.phnompenhpost.com/business/local-it-firm-eyes-shore-expansion
US firm to build border market in Takeo
Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...
Kang Sothear
http://www.cambodiadaily.com/business/us-firm-to-build-border-market-in-takeo-62693/
Commerce minister vows ‘meaningful’ reforms to US investors
Cambodian Commerce Minister Sun Chanthol concluded a trade mission in the United States this week, emphasizing his government’s willingness to make “deep” reforms to improve its investment climate. Cambodia meanwhile needs more foreign investment to create jobs for the 300,000 young Cambodians who enter the ...
Sophat Soeung
http://www.voacambodia.com/content/commerce-minister-vows-meaningful-reforms-to-us-investors/1944607.html
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
New registered businesses increase by 33 percent
The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...
Kang Sothear
http://www.cambodiadaily.com/business/new-registered-businesses-increase-by-33-percent-62376/
Half-year protest shutters factory
A six-month protest over unpaid bonuses has seen production at a Por Sen Chey district box factory grind to a halt over the past four days, with more than 200 former employees blocking gates and preventing shipments. Former employees at Harta Packaging Industries began barricading gates ...
Mom Kunthear
http://www.phnompenhpost.com/national/half-year-protest-shutters-factory
New business registrations in Cambodia rise 55 pct in 5 months
Cambodia’s Ministry of Commerce said Friday that it has granted operating licenses to 1,676 new firms in the first five months of 2014, up 55 percent as compared with the 1,084 companies for the same period last year. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-06/20/c_133424091.htm
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
Gov’t calls on jewellers to improve
Cambodian government officials yesterday appealed to gem and jewellery industry representatives to improve design quality at the opening of the 6th Gem and Jewellery Fair on Koh Pich. Seun Sotha, director of the trade promotion department at the Ministry of Commerce, said while Cambodia’s gemstones are ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-calls-jewellers-improve
Cambodia tells university students to prepare for ASEAN community
Cambodia organized a seminar on Thursday to promote ASEAN awareness to approximately 3,300 students from 26 universities and told them to prepare themselves for an ASEAN community. “There will be both opportunities and challenges for Cambodia when ASEAN becomes a community at the end of ...
The Philippine Star News Staff
http://www.philstar.com/world/2014/06/12/1334111/cambodia-tells-university-students-prepare-asean-community
National Silk Board delayed as ministries fail to coordinate
Formation of the National Silk Board (NSB) has been delayed due to a lag in coordinating ministries to create the industry body, according to the spokesman of Ministry of Commerce. The former minister of commerce, Cham Prasidh, said in June last year that he was aiming ...
Chan Muyhong
http://www.phnompenhpost.com/business/national-silk-board-delayed-ministries-fail-coordinate
Malaysian trade exhibition kicks off in Cambodian capital
The fifth edition of a Malaysian trade exhibition kicked off here on Tuesday, aiming to further promote bilateral trade and investment ties, officials said. The three-day event, held at the Diamond Island Exhibition Center, features 62 Malaysian companies from diverse sectors including construction, business services, industrial ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-06/12/c_133402783.htm
E-Commerce Law goes ahead with WB funding
A draft law on e-commerce that would regulate electronic trade in Cambodia will arrive at the Council of Ministers in August, following revision by two other state institutions, officials at the Ministry of Commerce said Wednesday. Orm Dararith, director of the Ministry of Commerce’s legal department, ...
Hul Reaksmey
http://www.cambodiadaily.com/business/e-commerce-law-goes-ahead-with-wb-funding-60518/
Oz an example for mining reform
Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...
Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform