Economy and commerce
Trade
Korean deal gives palm sugar farmers pay day
Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...
Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day
Cambodia's rice export up 84 pct in 2013
Cambodia had exported some 379, 000 tonnes of milled rice last year, up 84 percent from 205,700 tonnes recorded in 2012, government data showed Saturday. Some 84 companies have exported rice to 66 countries and regions around the world, the data said, adding that France, Poland, ...
Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-01/06/c_133021753.htm
Vietnamese Shops Worry Over Possible Violence
Vietnamese business owners and managers in Phnom Penh on Tuesday said they were concerned their shops could become potential targets of ethnically motivated violence as anti-Vietnamese sentiment among protesters increases, but added they would continue to operate as normal—for now. In recent weeks, there has ...
Ben Sokhean and Joshua Wilwohl
http://www.cambodiadaily.com/business/vietnamese-shops-worry-over-possible-violence-50301/
Unions Tell Garment Workers to Suspend Strike
Unions behind last week’s garment factory strikes said their members had largely gone back to work this week, although they have not ruled out resuming protests for a higher minimum wage later this month. Tens of thousands of workers went on strike starting on December 24 ...
Aun Pheap
http://www.cambodiadaily.com/news/unions-tell-garment-workers-to-suspend-strike-50299/
Cambodia's oil import down 2 pct in 2013
Cambodia imported 1.4 million tonnes of petroleum in the first eleven months of 2013, down 2 percent from the 1.43 million tonnes a year earlier, the data of the Commerce Ministry showed Sunday. During the January-November period, the country spent about 1. 34 billion U.S. dollars ...
Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-01/06/c_133021769.htm
Cambodia says outlawed strikes adversely affect investment climate
Cambodian Ministry of Labor said Friday that outlawed strikes have frightened employers and worsened investment climate in the country. “The ministry calls for the (opposition) Cambodia National Rescue Party and six trade unions to immediately stop inciting workers to commit violence, road blockade, and destruction of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/03/c_133017093.htm
Cambodia’s GMAC says factory closures continue due to ongoing strikes
The Garment Manufacturers Association in Cambodia (GMAC) said Thursday most of its 559 factories would continue to be closed due to security concerns after six pro-opposition trade unions led striking workers to destroy factories’ properties and forced workers to join their protests. “Because of the current ...
NZ Week News Staff
http://www.nzweek.com/world/cambodias-gmac-says-factory-closures-continue-due-to-ongoing-strikes-107149/
Four Dead in Cambodia Garment Strike
A weeklong strike by Cambodian garment workers turned deadly Friday as police shot and killed at least four people and wounded several others in an attempt to break up a protest for higher wages. The violence came after weeks of escalating political and labor unrest marked ...
Chun Han Wong and Sun Narin
http://online.wsj.com/news/articles/SB10001424052702304325004579297511167310046
Fish exports up 10 per cent from 2012
Cambodia’s fish output rose 10 per cent in 2013 from a year earlier, according to figures from the Ministry of Agriculture, Forestry and Fisheries. Production reached 730,000 tonnes last year, Nao Thouk, director of the ministry’s fishery department, said yesterday. There were 550,000 tonnes of fresh ...
Hor Kimsay
http://www.phnompenhpost.com/business/fish-exports-10-cent-2012
Rice Exports Rise by More Than 170,000 Tons
Rice exports increased from 205,717 tons in 2012 to 378,856 tons in 2013 as a result of high demand from the European Union as well as countries in Asia, according to figures released Thursday by the Ministry of Agriculture. France imported the most Cambodian milled rice, ...
Hul Reaksmey
http://www.cambodiadaily.com/business/rice-exports-rise-by-more-than-170000-tons-49976/
Cambodia’s garments to ship piece by piece
Cambodia’s garment manufacturers might sell fabrics from unfinished clothing orders worth millions of dollars to factories offshore in a last-ditch attempt to meet looming buyer deadlines. The Garment Manufacturers Association in Cambodia (GMAC) issued a letter to the Cambodian government yesterday requesting it to “facilitate” exports ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-garments-ship-piece-piece
New Tuol Kok Mall to Add to District’s Growth
A new open-air mall sporting high-end luxury shops and restaurants in Phnom Penh’s Tuol Kok district is the latest expansion of the suburban neighborhood, though widespread commercialization of the area could still take years, property executives said Monday. The mall, called TK Avenue, opened Friday at ...
Joshua Wilwohl and Sek Odom
http://www.cambodiadaily.com/business/new-tuol-kok-mall-to-add-to-districts-growth-49777/
Cambodian deputy PM leads delegation to China for bilateral meeting
Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will lead a group of senior officials representing relevant ministries to attend the first meeting of Cambodia-China Intergovernmental Coordination Committee to be held from Jan. 1 to 3 in Beijing. The Cambodian Ministry of Foreign Affairs said ...
People's Daily Online News Staff
http://english.peopledaily.com.cn/90883/8499809.html
Protesters take aim at prices
Tuk-tuk, motorbike and taxi drivers were among hundreds of workers from Cambodia’s “informal economy” who called on the government yesterday to cap fuel prices at 4,000 riel ($1) per litre, amid claims that the current 5,000 riel price leaves them unable to cover any more ...
Hor Kimsay
http://www.phnompenhpost.com/business/protesters-take-aim-prices
Royal Group makes deal during PM’s official visit
A Royal Group subsidiary has signed a deal with two Vietnamese firms to import fertiliser, a senior official with the company said yesterday. Among several deals agreed to during Prime Minister Hun Sen’s trip to Vietnam this weekend, Nitrogen Chemicals and Fertilizer Cambodia Ltd, the subsidiary ...
Chan Muy Hong
http://www.phnompenhpost.com/business/royal-group-makes-deal-during-pm%E2%80%99s-official-visit
Factories Closed Until Safety Guaranteed
The Garment Manufacturers Association of Cambodia (GMAC) on Sunday said all of the country’s 400-plus garment factories will remain closed until the government and striking trade unions can guarantee the safety of the factories and all employees who want to work. The decision, outlined in an ...
Aun Pheap
http://www.cambodiadaily.com/news/factories-closed-until-safety-guaranteed-49749/
Cambodian PM encourages local businesses to invest in his country
PM Hun Sen made the statement at a meeting with Vietnamese investors in Ha Noi yesterday, which also included Viet Nam’s Deputy PM Nguyen Xuan Phuc and Cambodian Deputy PM cum Minister of Foreign Affairs and International Cooperation Hor Nam Hong. Hun Sen praised Vietnamese businesses, ...
Saigon GP Daily
http://www.saigon-gpdaily.com.vn/National/2013/12/107495/
Hun Sen, Tan Dung Sign 9 Agreements During Vietnam State Visit
Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...
Zsombor Peter
http://www.cambodiadaily.com/news/hun-sen-tan-dung-sign-9-agreements-during-vietnam-state-visit-49735/
Burger King to Open New Phnom Penh Branch
U.S. fast-food chain Burger King will open its second location in Phnom Penh in Boeng Keng Kang I commune by the end of January, the restaurant’s manager said Thursday. Located at the corner of streets 51 and 310, the restaurant will take over the building that ...
Sek Odom and Joshua Wilwohl
http://www.cambodiadaily.com/business/burger-king-to-open-new-phnom-penh-branch-49728/
EU clarifies rice comments
While the European Union Trade Commissioner Karel De Gucht never told the Ministry of Commerce that Cambodian rice was “30 per cent” mixed with the same product from Vietnam, he did say Cambodia had to better ensure that its harvest was homegrown and not from ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/eu-clarifies-rice-comments
Rice Trader Claims Being Wrongly Fined Bad Scale to Measure Her Truck
A rice trader on Monday filed a complaint with the Anti-Corruption Unit, Prime Minister Hun Sen’s Cabinet and three ministries alleging that officials in Kompong Cham province had wrongly fined her for an overweight truck after using improperly weighted scales. Saing Darlin had her truck impounded ...
Hul Reaksmey
http://www.cambodiadaily.com/business/rice-trader-claims-being-wrongly-fined-bad-scale-to-measure-her-truck-49631/
Sam Rainsy Visits Svay Rieng’s Protesting SEZ Workers
Opposition leader Sam Rainsy on Monday visited thousands of workers from two special economic zones (SEZs) in Svay Rieng province who have been on strike over wages and working conditions since December 16. More than 25,000 workers from 36 factories in the Manhattan and Tai Seng ...
Aun Pheap and Alex Willemyns
http://www.cambodiadaily.com/news/sam-rainsy-visits-svay-riengs-protesting-sez-workers-49605/
Cambodia Rejects Rice Contamination Claims by EU
The Cambodian government and rice exporters have dismissed allegations that rice exports to the European Union (EU) countries are contaminated with rice from Vietnam. Commerce Ministry representative told local sources that while it is true that some Cambodia rice is processed in Vietnam to match ...
Oryza News Staff
http://oryza.com/news/cambodia-rejects-rice-contamination-claims-eu
Tycoon to get $200 million for pig farm
To capitalise on a rising demand for pork, a state-owned Chinese company is pouring $200 million into ruling party senator and tycoon Mong Reththy’s pig farm in Preah Sihanouk province. ...
May Kunmakara
http://www.phnompenhpost.com/business/tycoon-get-200-million-pig-farm