Infrastructure
Markets
Rice bank buys direct to control prices
The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...
Sok Chan
http://www.khmertimeskh.com/news/29842/rice-bank-buys-direct-to-control-prices/
Creature comforts in demand
In its latest audit of domestic appliance sales for seven countries in Southeast Asia, German-based market research firm GfK found that consumer spending on refrigerators, air conditioning units and washing machines grew by 2 percent during the year ending June 2016, while washing machine sales ...
Hor Kimsay
http://www.phnompenhpost.com/business/creature-comforts-demand
Sihanoukville beach vendors protest new relocation notice
Vendors along O’Chheuteal Beach yesterday protested against a new Preah Sihanouk provincial project that requires them to build new stalls – set back from their current ones – before the Sea Festival starts on December 17, in order to expand the beach area for tourists. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/sihanoukville-beach-vendors-protest-new-relocation-notice
Lower fuel prices no remedy for troubled transport sector
While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/lower-fuel-prices-no-remedy-troubled-transport-sector
NagaCity Walk gives capital a taste of duty-free shopping
The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacity-walk-gives-capital-taste-duty-free-shopping
After many false starts, first timber auction goes ahead
The government on Monday auctioned off the first lot of timber from roughly 70,000 cubic meters of illegally logged wood seized by authorities earlier this year, after a lack of interest forced more than a month of cancellations. ...
Aun Pheap
https://www.cambodiadaily.com/second2/many-false-starts-first-timber-auction-goes-ahead-116434/
EU asked to increase imports
The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...
Taing Vida
http://www.khmertimeskh.com/news/27825/eu-asked-to-increase-imports/
EU considers union appeals, urges government to respect human rights
The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...
Khuon Narim, Khy Sovuthy and Sonia Kohlbacher
https://www.cambodiadaily.com/news/eu-considers-union-appeals-committed-to-human-rights-115901/
Insolvency looms in rice sector
The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...
Chea Vannak
http://www.khmertimeskh.com/news/27470/insolvency-looms-in-rice-sector/
EU: seek other rice markets
Cambodia’s rice industry has been advised by the European Union (EU) to seek other markets and not just concentrate its exports to Europe, as it moves from a low-income country in its least developed country (LDC) status to a lower-middle income nation, amid calls to ...
May Kunmakara
http://www.khmertimeskh.com/news/27318/eu--seek-other-rice-markets/
Rainsy asks EU to cut imports
Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers. ...
Taing Vida
http://www.khmertimeskh.com/news/27332/rainsy-asks-eu-to-cut-imports/
Making precious stones shine globally
The Cambodia Gems and Jewelry Traders Association (CGJTA) urged their non-association counterparts in Siem Reap to come into their fold to ensure the Kingdom’s precious stone industry maintains quality and standards that are on par internationally. This, the CGJTA said, will attract more international buyers ...
Chea Vannak
http://www.khmertimeskh.com/news/26271/making-precious-stones-shine-globally/
Used car market fails to scare Isuzu
Despite used car sellers dominating the Kingdom’s automobile market, Tri Petch Isuzu Sales Co. Ltd, the sole distributor of Isuzu vehicles in the region, is confident in the sales of its new D-Max Blue Power high utility vehicles in Cambodia due to the country’s fast ...
Sok Chan
http://www.khmertimeskh.com/news/26273/used-car-market-fails-to-scare-isuzu/
Fuel prices steadily increase
Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase
Industry pushes for electronic payments
With the e-commerce law hoped to be passed before the end of the year, industry experts said it is important for Cambodian businesses to begin to encourage e-commerce activity, with an emphasis on electronic payments systems. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/industry-pushes-electronic-payments
Aeon 2 set to break ground next month
Construction of the second Aeon mall in Cambodia is scheduled to commence next month and be completed by 2018, AKP reported. ...
Post Staff
http://www.phnompenhpost.com/business/aeon-2-set-break-ground-next-month
Taiwan firms seek local partners
A group of companies from Taiwan are seeking joint ventures with partners in Cambodia, to export products and services to the Kingdom, amidst growing investor confidence that the Mekong country is developing in almost all sectors. ...
Chea Vannak
http://www.khmertimeskh.com/news/25508/taiwan-firms-seek-local-partners/
Phsar Kandal vendors concerned over development talks
Plans to rebuild Phsar Kandal have struck fear into the market’s community of longtime vendors, who gathered on Monday over concerns they will become the latest victims of Phnom Penh’s surging inner-city development boom. ...
Ouch Sony
https://www.cambodiadaily.com/news/phsar-kandal-vendors-concerned-over-development-talks-112934/
Push to promote local products
Supermarket owners are to be called for a meeting with the Commerce Ministry in response to complaints from small and medium sized enterprises (SMEs) that local products are not displayed or sold on their shelves, the commerce minister said yesterday at the launch of a ...
Sok Chan
http://www.khmertimeskh.com/news/25274/push-to-promote-local-products/
All aboard the gravy train
Cambodians’ growing appetite for fast food and franchised food outlets, and the increasing number of restaurants springing up in the capital and other towns, has become a healthy business for some of the food chains now operating in the Kingdom. ...
Sok Chan
http://www.khmertimeskh.com/news/25224/all-aboard-the-gravy-train/
First eco-park set to open
An ecologically-friendly satellite town called Le Urban Eco Park, a $50 million joint venture between Singaporean and local investors, is expected to be completed in the next couple of months after the more than two years of construction. ...
May Kunmakara
http://www.khmertimeskh.com/news/25179/first-eco-park-set-to-open/
Ministry sees export market growing
Cambodia’s total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/ministry-sees-export-market-growing
Korea opens market to Cambodian mangoes
Mango growers now have access to the South Korean market following an agreement signed on Friday between officials from Korea and the Ministry of Agriculture, Forestry and Fisheries. ...
Sum Mane
http://www.khmertimeskh.com/news/24424/korea-opens-market-to-cambodian-mangoes/
Cashew price jump sparks call for investment
The price of cashew nuts has jumped about 15 percent this year prompting processers and exporters to call for the government to help funnel more investment into growing the crop. ...
Sok Chan
http://www.khmertimeskh.com/news/24423/cashew-price-jump-sparks-call-for-investment/