Trade
Imports
Porsche seeks niche among Cambodia’s newly-rich
The wizened cyclo driver, cigarette in mouth, muscles taut from pedalling up and down French-style boulevards, is one of Indochina’s enduring romantic images. But cyclos on the streets of Phnom Penh are now outnumbered by another means of transport: the luxury car. But with the urban ...
Gem event promises to sparkle
Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. Set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ...
http://www.phnompenhpost.com/2013061066161/Business/gem-event-promises-to-sparkle.html
ICT expo is planned for next month
An information and communications technology (ICT) event will be held from July 5-7 this year, offering sales and networking opportunities amid a surge in ICT growth in the Kingdom. Expected to draw about 100 companies, the Mobile Social Commerce International Conference and Expo at Phnom Penh’s ...
http://www.phnompenhpost.com/2013060766122/Business/ict-expo-is-planned-for-next-month.html
Cambodia urges to boost country's exports
Cambodian Prime Minister Hun Sen on Thursday urged local producers to increase production in order to boost the country’s exports when the Association of Southeast Asian Nations (ASEAN) turns into a community at the end of 2015. He [Hun Sen] said when ASEAN became [sic] ...
http://news.xinhuanet.com/english/business/2013-06/06/c_132436133.htm
Mass Ford recall makes local dent
Some 24 Ford Explorer sport utility vehicles in Cambodia are being recalled to fix a potential fuel leak that could cause a fire, company representatives said. The move comes amid a much larger recall of 465,000 units manufactured by the Dearborn, Michigan-based automaker, raising doubts over ...
http://www.phnompenhpost.com/2013060666096/Business/mass-ford-recall-makes-local-dent.html
Cambodia’s garment exports grow 17.5% in Jan-March’13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Last year, Cambodia exported apparels worth US$ 4.61 billion, ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951
Duty-Free Agreements Worry Minister
Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...
http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html
Rice exports to Thailand rise
Exports of Cambodian unpolished rice to Thailand are increasing, and the trend is promising if the Thai government continues its intervention policy to guarantee the minimum paddy price for their farmers, industry insiders said. Government figures show that in the first four months of this ...
http://www.phnompenhpost.com/2013053165969/Business/rice-exports-to-thailand-rise.html
Airports operator looks to expand
While Cambodia Airports, of which France-based Vinci Group is major stakeholder, sees tourist numbers taking off, eviction issues are gnawing at the company’s image. Emmanuel Menanteau, chief executive of Cambodia Airports, talked to the Post’s Sarah Thust about the expansion plans. How many tourist arrivals do ...
http://www.phnompenhpost.com/2013053165965/CEO-Talk/airports-operator-looks-to-expand.html
Cambodia's trade with foreign countries up 25 pct in four months
Cambodia’s trade volume with foreign countries had reached 5.12 billion U.S. dollars in the first four months of this year, a 25 percent rise compared with 4.1 billion U.S. dollars over the same period last year, according to a report from the Ministry of Commerce’s ...
http://news.xinhuanet.com/english/world/2013-05/30/c_132419210.htm
Against the Grain
On the palm-studded plains of Cambodia, rice farmers’ eyes light up with the prospect of sending their crop northward to China. The poor Southeast Asian nation had been trying for several years to export rice to the mainland but only last year did it gain ...
http://www.chinaeconomicreview.com/china-rice-demand-market-import
Thai border SEZs set for discussion next month
In an effort to boost trade activity between Thailand and Cambodia, both countries will discuss plans for two special economic zones along the Thai-Cambodian border next month, according to the secretary of state at the Cambodian Ministry of Foreign Affairs on Monday. “It will provide us ...
Hor Kimsay and Anne Renzenbrink
http://www.phnompenhpost.com/2013052965902/Business/thai-border-sezs-set-for-discussion-next-month.html
Samsung pushes for 30 stores in Kingdom
Samsung plans to more than quadruple its number of stores – currently seven – in the Kingdom, aiming to have 30 branches by the end of this year. The move will extend its lead as the electronic brand with the most stores here, and comes as ...
http://www.phnompenhpost.com/2013052865864/Business/samsung-pushes-for-30-stores-in-kingdom.html
Blackouts to end soon: EdC
Blackouts in Phnom Penh will no longer be a problem after an energy source near Sihanoukville starts providing an extra 50 megawatts of coal-fired power to the city next month, the director-general of Electricite du Cambodge (EdC) said. Keo Rottanak said by mid-June at the latest ...
http://www.phnompenhpost.com/2013052765845/Business/blackouts-to-end-soon-edc.html
Regional pharma producers eye Kingdom
International pharmaceutical companies are increasingly looking to sell their products to Cambodia, although the market is full of obstacles, according to experts. After several big international players announced sales expansion plans, two companies from Indonesia, a major manufacturing hub in Southeast Asia, are planning to follow. Kalbe ...
http://www.phnompenhpost.com/2013052465819/Business/regional-pharma-producers-eye-kingdom.html
Vietnam Power Failure Hits Phnom Penh
A massive power outage Wednesday in Southern Vietnam brought rolling blackouts that lasted for hours to Ho Chi Minh City, the entire southeastern region of Vietnam and large sections of Phnom Penh. Vietnam’s state-owned Southern Power Corporation said Wednesday that the problem occurred around 2 p.m. ...
http://www.cambodiadaily.com/news/vietnam-power-failure-hits-phnom-penh-26121/
Packaged MSG imports plummet
Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance. The import figures showed that from 2002 to 2010, Cambodia had imported a ...
http://www.phnompenhpost.com/2013052165729/Business/packaged-msg-imports-plummet.html
Cambodia, Vietnam Trade Rises
Two-way trade between Vietnam and Cambodia in the first four months of the year reached nearly US$1.3 billion, a 10 per cent rise over the same period last year. According to the Vietnam Trade Office in Cambodia, Vietnam’s exports to Cambodia fetched over $1 billion while ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzA1YWUwMDU3OTh
Cambodia sells more, buys less
Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...
http://www.bangkokpost.com/breakingnews/351002/strong-baht-sends-thai-exports-to-cambodia-down
Investments in Cambodia Up
Vietnam’s investment in Cambodia has increased significantly in the last three years, but a mechanism to encourage and oversee investments in prioritized sectors is needed, according to diplomatic sources. Tan Nguyen Tien, head of the economic section at the Vietnamese embassy in Phnom Penh, said Vietnam’s ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjA1NjRhYTIxOTd
Cambodia exports to Thailand rise as nations improve economic ties
Cambodia’s total exports to Thailand sharply increased in the first quarter of the year, according to official data from Ministry of Commerce received by the Post last week. Officials said the rise is the result of efforts by both countries to improve trade facilitation and economic ...
Cambodia’s Beauty Industry Blossoming
The beauty business in the Kingdom is growing rapidly as incomes are rising and the middle-class is growing, industry insiders told the Post yesterday. In the first three months of this year, the Kingdom imported cosmetic products worth $9.9 million, an increase of 130 per cent ...
http://www.phnompenhpost.com/2013051665644/Business/cambodia-s-beauty-industry-blossoming.html
Cambodia’s petroleum imports decrease
The Kingdom imported 412,190 tonnes of petroleum in the first quarter of 2013, compared with 471,000 tonnes in the same period the previous year, a decline of 12 per cent, according to the Ministry of Commerce. A private sector representative said the drop does not mean ...
http://www.phnompenhpost.com/2013051565620/Business/cambodia-s-petroleum-imports-decrease.html
Cambodia-Japan trade volume up 14% in 3 months
Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...
http://news.xinhuanet.com/english/business/2013-05/14/c_132381154.htm