Trade

Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill. ...

The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately ...

Cambodia does not expect to win the contract to supply half million tons of rice to the Philippines during the bidding process that will take place in the upcoming months, citing high production costs as the major constraint in competing with neighboring Vietnam and Thailand, ...

Representatives from Vietnam, Laos and Cambodia gathered Monday in Vietnam’s Central Highlands Dak Lak province to discuss an agreement on trade promotion. ...

In the past years, Vietnamese products had been exported most to Cambodia among countries in the ASEAN but recently they have faced cutthroat competition from the same kinds of products in Cambodia. ...

A driver’s assistant has been arrested for smuggling 18 turtles hidden in mattress covers in a truck from Thailand on Saturday in Kampong Chhnang’s Toul Kralanh village, according to officials. ...

Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...

Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...

It has now been some time since the special summit between the leaders of the Association of Southeast Asian Nations (ASEAN) and U.S. President Barack Obama at Sunnylands, California, on Feb. 15-16. The meeting was the first of its kind to be held on American ...

Mong Reththy, known as the king of agriculture in Cambodia for his role running the large Mong Reththy Group, aims to expand the Kingdom’s mango market to Europe. ...

A truck transporting corn from Battambang to Prey Vang province was seized by forestry officials on Monday evening after hundreds of turtles and pythons were found stashed inside, according to officials. ...

The government said yesterday it had no plans to ban the import of second-hand cars, despite concerns Cambodia lags behind other ASEAN countries on the issue and over safety and consumer protection. ...

The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...

Cambodia launched an economic cooperation forum here on Thursday, aimed to further promote bilateral trade, investment and tourism relations with China, officials said. ...

Prime Minister Hun Sen has asked China to import more agricultural products from Cambodia to boost bilateral trade and strengthen the relationship between the two countries. The prime minister wants to boost bilateral trade to $5 billion by 2017. ...

Despite a decline in the amount of exports, income from the fisheries sector rose almost 30 percent last year compared with 2014. ...

Cambodia’s exports of crude palm oil have increased, though the price has declined in line with falling global prices, according to an official and a producer. ...

The Kingdom exported 9,379.29 tons of sesame last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries, with Vietnam buying the lion’s share. ...

Palm sugar from Kampong Speu, which has been registered for geographical indication (GI) status, is in the processing stage of being granted protected geographical indication (PGI) status in Thailand and Vietnam. This comes after Kampot pepper was recently certified as PGI in the European Union ...

New figures show that Cambodia’s sugar exports to the European Union fell by 94.8 per cent between 2013 and 2015, amid accusations of rights abuses and land grabbing in the Kingdom’s industry. ...

Trade between Cambodia and Hong Kong is rising fast, expanding from about $1 billion in 2014 to $1.3 billion last year year, Veng Sothy, an Undersecretary of State at the Commerce Ministry, told a meeting in Siem Reap Friday. ...

Tag Wealth International, a subsidiary of Australian financial services company Tag Group, will establish a permanent office in Phnom Penh to provide services for expatriates living in Cambodia, its director said yesterday. ...

Malaysian conglomerate Muhibbah Engineering Bhd reported that revenue declined 7.5 per cent last year, but gross profit increased in part due to its stake in the company that operates Cambodia’s three international airports. ...

Local rice millers and exporters have responded with alarm to the rice-export target set by the Lao government of 1 million tons this year, while Cambodian rice millers and traders have yet to overcome numerous barriers hindering their competitiveness at home and abroad. ...