Trade
Trade policy and regulation
Tycoon reelected president of two chambers of commerce
Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...
Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/
PM urges US to drop tariffs
Prime Minister Hun Sen urged policymakers in Washington to expand its preferential treatment of goods imported from least-developed countries (LDCs) including Cambodia by increasing the amount of goods permitted duty- and quota-free access to the US market.“Cambodia would like to request that the US provide ...
Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/pm-urges-us-drop-tariffs
UK trade envoy pushes FDI, British brands
The United Kingdom sees Cambodia as a strategic location at the heart of a transportation network through Thailand, Vietnam and Laos to reach China and other countries in the region and the world, a senior UK trade official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17898/uk-trade-envoy-pushes-fdi--british-brands/
Unions petition against draft union law, warn of protests
Several trade unions representing some of the garment sector’s 700,000 workers petitioned lawmakers on Monday to make important changes to a controversial draft union law before passing it and warned of mass protests if they were ignored. ...
Mech Dara
https://www.cambodiadaily.com/news/unions-petition-against-draft-union-law-warn-of-protests-100508/
ASEAN integration concerns aired at grassroots event
Hundreds gathered yesterday in Phnom Penh’s Freedom Park for the fifth Cambodian Grassroots People’s Assembly, where they called for issues ranging from deforestation to democracy to be addressed ahead of ASEAN integration. ...
Pech Sotheary
http://www.phnompenhpost.com/national/asean-integration-concerns-aired-grassroots-event
Japanese FDI leads to surge in exports: analysts
Cambodia’s total exports to Japan increased sharply over the first nine months of the year compared to last year due to flows of investment from Japan to Cambodia over the last few years, analysts said. ...
May Kunmakara
http://www.khmertimeskh.com/news/17864/japanese-fdi-leads-to-surge-in-exports--analysts/
Cabinet approves draft Union law
Prime Minister Hun Sen said the government will move forward in adopting the Trade Union Law despite the absence of the opposition Cambodia National Rescue Party. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17839/cabinet-approves-draft-union-law/
Slight dip in rice yields ‘won’t affect exports’
As the harvest of wet-season rice ends this month, a report from the Ministry of Agriculture says the yield will fall slightly below the target but this will not affect exports. ...
Sok Chan
http://www.khmertimeskh.com/news/17674/slight-dip-in-rice-yields----won---t-affect-exports---/
Chair of ASEAN audit board goes to Kingdom
Som Kimsour, the chairwoman of Cambodia’s National Audit Authority, was appointed to chair the ASEAN Supreme Audit Institutions (ASEANSAI), a collaborative body of public sector auditors, during a summit on Thursday in Phnom Penh, according to state media outlet AKP. ...
Igor Kossov
http://www.phnompenhpost.com/national/chair-asean-audit-board-goes-kingdom
Phone retailers ordered to pay tax on inventories
Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/phone-retailers-ordered-pay-tax-inventories
Cambodia pins economic hopes on AEC
Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...
Luke Hunt
http://www.voanews.com/content/cambodia-pins-economic-hopes-on-aec/3031723.html
PM pitches ASEAN access to French investors
Prime Minister Hun Sen on Monday called for more investment from France, telling business leaders in Paris that they could access the entire region when the ASEAN Economic Community (AEC) kicks off at the end of the year. ...
May Kunmakara
http://www.khmertimeskh.com/news/17217/pm-pitches-asean-access-to-french-investors/
Cambodia should not focus on Trans-Pacific Partnership, analysts say
As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...
Sok Khemara
http://www.voacambodia.com/content/cambodia-should-not-focus-on-trans-pacific-partnership-analysts-say/3013799.html
PM urges greater economic integration with China
Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...
May Kunmakara
http://www.khmertimeskh.com/news/16773/pm-urges-greater-economic-integration-with-china/
E-commerce law to debut by end of year
The draft law on e-commerce is set to be completed and enacted by the end of this year, ahead of the launch of the Asean Economic Community (AEC), which begins at the end of the year, commerce officials said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/16571/e-commerce-law-to-debut-by-end-of-year/
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
China, ASEAN eyes production capacity cooperation
Zhang Ping, owner of a northeast China power technology company, described his trip to the 12th China-ASEAN Expo in the southern city of Nanning as a success. Also attending the expo, representatives from Sihanoukville special economic zone in Cambodia are seeking investment from China and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/19/c_134640721.htm
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
GMS ministers calls for the mobilization of the additional $ 30 billion fund
Cambodia and other ministers attending the 20th Greater Mekong Subregion (GMS) Ministerial Conference in Myanmar called for the mobilization of additional funding to fully implement a $30 billion pipeline of investment and technical assistance projects that will drive growth and infrastructure development in the subregion. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gms-ministers-calls-for-the-mobilization-of-the-additional--30-billion-fund-8941
Mobile options fuel insurance surge
Partnerships with mobile service providers have greatly helped insurance companies with market penetration here, insurers told Khmer Times. ...
Igor Kossov
http://www.khmertimeskh.com/news/15538/mobile-options-fuel-insurance-surge/
ILO says latest draft law on Trade Union an improvement
The regional director of the International Labor Organization (ILO) said Tuesday that the latest proposed changes to Cambodia’s draft Trade Union Law—which has been blasted by employers and unions alike—marked an improvement over the last version, which the ILO had called a “step backward.” ...
Zsombor Peter
https://www.cambodiadaily.com/news/ilo-says-latest-draft-law-on-trade-union-an-improvement-93690/
Experts at odds over effects of Yuan devaluation
Economists and industry experts disagreed Tuesday on the effects that recent currency devaluations in China and Vietnam would have on the Cambodian economy. ...
Kang Sothear and Anthony Jensen
https://www.cambodiadaily.com/business/experts-at-odds-over-effects-of-yuan-devaluation-92553/