Trade
Imports
Gas prices at all-time high
Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...
Cambodia eyes Iranian oil imports
Deputy Prime Minister Sok An has told Iran’s ambassador to Cambodia that once an oil refinery in the country is operational, Cambodia would be able to import crude oil from Iran and export refined oil products to China, the Council of Ministers said on its ...
Food costs expose gap in country's production
Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...
Oversupply leads to a fall in pork prices
Pig prices in Cambodia have fallen by 18 percent in the past three months due to a massive oversupply of pork in the country, an official at the Cambodian Pig Raisers Association said yesterday. The reason for the oversupply is twofold: Thailand increased its pig exports ...
Inflation dips in November
The Kingdom’s inflation rate fell month-on-month in November for the first time all year, dropping 0.7 per cent from October, according to National Institute of Statistics data. However, year-on-year inflation in November increased 5.7 per cent, the NIS reported. “We see that we got a bigger supply ...
http://www.phnompenhpost.com/index.php/2011122653610/Business/inflation-dips-in-november.html
Shine on Pailin gems seen fading
THE precious stone industry in Pailin province is facing bankruptcy as supplies dwindle and locals turn to agriculture as their main source of revenue, provincial authorities told the Post. Pailin, long known for its rubies, sapphires and other precious stones, now depends on foreign imports to ...
http://www.phnompenhpost.com/index.php/2011122253558/Business/shine-on-pailin-gems-seen-fading.html
SAP sees growth in shipments
Sihanoukville Autonomous Port saw a 10 per cent year-on-year shipment increase in the first 11 months of the year, according to data provided by the Port’s general director. The shipment of cargo across the port during the time period reached 2.2 million tons, a 9.94 per ...
http://www.phnompenhpost.com/index.php/2011121353314/Business/sap-sees-growth-in-shipments.html
Shipments at PP port more than expected
Shipment through the Phnom Penh Autonomous Port increased by more than 28 per cent in the first 11 months of this year, surpassing a government target for 2011. About 73,760 shipping containers passed through the port between January and November, data shows, up from 62,256 containers ...
Oil refinery to be built
Construction on a US$2 billion oil refining plant, the Kingdom’s first, will start in April, according to officials close to the project. The plant, which will be built on 365 hectares across Kampot and Sihanoukville provinces and is expected to be completed in 2014, is a ...
http://www.phnompenhpost.com/index.php/2011120553135/Business/oil-refinery-to-be-built.html
Royal Group linked to new $2.2bn firm
A fertiliser company that has been approved to do billions of dollars’ worth of business in Cambodia, and is presumed to be based in the United Kingdom, is in fact affiliated with domestic conglomerate Royal Group, an insider has confirmed. Nitrogen Chemicals and Fertiliser (Cambodia) Ltd ...
Cambodia-South Korea trade jumps 45%
Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...
Cambodia-Thai trade still on track
Thailand’s worst floods in decades have not slowed trade with Cambodia, a Thai official in Phnom Penh said yesterday, claiming many products sought by Cambodia came from areas free of flooding. Bilateral trade between the two countries rose nine per cent year-on-year in the first nine ...