Economy and commerce
Trade
Vietnam’s fish industry dominates in Cambodia
At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, men frantically scoop dark, snake-like Trey Phtok fish out of a huge steel tank and into a wicker basket. The flickering pile of tails and gaping mouths is placed on a scale and weighs ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/vietnams-fish-industry-dominates-in-cambodia-60676/
Value of imported goods from Thailand jumps 14 percent
The total value of goods imported from Thailand increased more than 14 percent in the first four months of this year compared to the same period last year, according to data released Friday by the Thai Embassy in Phnom Penh. The figures show that the total ...
Kang Sothear
http://www.cambodiadaily.com/business/value-of-imported-goods-from-thailand-jumps-14-percent-60671/
Exporter under attack in rice row
In December 2011, the managing director of Megagreen Imex Cambodia, Renne Outh, proudly announced that his firm had inked a $21 million deal to be the first to ship Cambodian rice to the Philippines. Nearly two and a half years on, not a single Cambodian grain ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/exporter-under-attack-rice-row
Cambodia's tax revenue up 12 pct in first 5 months
Cambodia collected 444 million U. S. dollars in tax revenue during the first five months of the year, up 12 percent over the same period last year, said a press statement released by the General Department of Taxation on Wednesday. In May alone, the department ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/04/c_133384006.htm
FAO Estimates Cambodia 2014 Rice Exports to Increase Slightly to 1.2 Million Tons
The UN’s Food and Agriculture Organization (FAO) has estimated Cambodia’s 2014 rice exports to increase slightly to 1.2 million tons over that in 2013 due to increased production. The FAO reports that its exports estimate includes unofficial exports of milled as well as paddy rice ...
Oryza News Staff
http://oryza.com/news/rice-news/fao-estimates-cambodia-2014-rice-exports-increase-slightly-12-million-tons
Cambodia relies on ASEAN
Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/
Bordering on despair
In the wake of last month’s Thai military coup, an uneasy quiet has fallen over official checkpoints in Oddar Meanchey province, leading many on this side of the border to fear for their livelihoods. Sitting on a motorbike in the queue for O’Smach international border checkpoint ...
May Titthara
http://www.phnompenhpost.com/national/bordering-despair
Stung Treng villagers caught in forestry racket
SIEM PANG DISTRICT, Stung Treng province – For the elite few granted the right to level swathes of woodland in the north of this remote province, the timber trade is worth a fortune. For the Forestry Administration—the government body charged with policing logging—business is also booming. While ...
Phann Ana and Matt Blomberg
http://www.cambodiadaily.com/news/stung-treng-villagers-caught-in-forestry-racket-60017/
Rice industry caught in flux
The rice industry’s quest for greater quality at lower cost reached a dead end yesterday at a conference in Phnom Penh, with exporters and farmers polarised on how to achieve greater returns for the industry. The workshop, titled “Improving Rice Value Chain and Enhancing Farmers’ Livelihoods”, ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-industry-caught-flux
Rice exports to Thailand dive
Rice exports to Thailand plummeted in the first four months of the year as a result of that country’s surplus, which reached record levels at the end of 2013. Between January and April, Cambodia exported just 1,550 tonnes of rice to Thailand, down 89 per cent ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-exports-thailand-dive
Vendors hit as price of Thai durian imports rise
The price of durian from Thailand has risen sharply this year, leading to shrinking profits for fruit vendors in Phnom Penh as demand from China for the spiky, pungent fruit grows more robust. On Sihanouk Boulevard, fruit vendor Heng Sovanna said that since March, the price ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/vendors-hit-as-price-of-thai-durian-imports-rise-59964/
Grand Twins again delays bourse listing
Grand Twins International (Cambodia) Co. Ltd., a Phnom Penh-based manufacturer of clothes for U.S. athletic brands, has again delayed its listing on the Cambodia Securities Exchange (CSX), officials said Wednesday. The company was expected to list Thursday, but technical problems prevented it from doing so, according ...
Hul Reaksmey
http://www.cambodiadaily.com/business/grand-twins-again-delays-bourse-listing-59958/
Thai mangosteen, durian supplies short of demand in Cambodia, Vietnam
Cambodia and Vietnam have urged Thailand to export more mangosteen and durian in response to the high demand in both neighbouring countries. Sombat Juengtrakoon, deputy chairman of the Thai-Cambodian Border Trade and Tourism Association in Chanthaburi Province, told journalists Monday that Thailand export a lower volume ...
Pattaya Mail
http://www.pattayamail.com/business/thai-mangosteen-durian-supplies-short-of-demand-in-cambodia-vietnam-37980
State regulator warned Smart over luring qb subscribers
The Telecommunication Regulator of Cambodia (TRC) last week warned mobile operator Smart that it could face legal action for attempting to lure customers away from rival operator qb, and ordered Smart to resolve the issue “immediately,” according to a letter from TRC to Smart’s CEO ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/state-regulator-warned-smart-over-qb-dispute-59813/
Police raid store, seize fake beauty products
Police raided a discount store in Phnom Penh and seized more than 1,000 bottles of beauty products on Monday after receiving a tip that the shop was selling counterfeit goods, an official said. Police confiscated 872 bottles of shower gel and 280 bottles of whitening cream ...
Hay Pisey
http://www.cambodiadaily.com/news/police-raid-store-seize-fake-beauty-products-59803/
Cambodia’s tobacco tax to go up, slightly
In less than two months, smokers indulging in Cambodia’s inexpensive cigarettes will have to reach a little deeper into their wallets. Starting in July, the tax on cigarettes will jump from 20 per cent to 30 per cent of the retail price, with a tax base ...
Sen David
http://www.phnompenhpost.com/national/cambodia%E2%80%99s-tobacco-tax-go-slightly
Yield of GI pepper up, but lower than hoped
This season’s Kampot pepper production is expected to reach 27 tonnes, up from 21 tonnes last year thanks to a larger area of harvested land. But Nguon Lay, president of the Kampot Pepper Association, said on Sunday that despite the increase, adverse weather conditions meant the ...
Hor Kimsay
http://www.phnompenhpost.com/business/yield-gi-pepper-lower-hoped
Workers turn models on political catwalk
About 150 garment workers turned out to the Phnom Penh offices of the United Sisterhood Alliance NGO on Sunday to watch a politically charged fashion show entitled “Beautiful Clothes, Ugly Reality.” Aimed to highlight “the income gap between Cambodian garment workers and the selected CEOs of ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/workers-turn-models-on-political-catwalk-59540/
More unionists charged on eve of brand meeting
The Takeo Provincial Court charged eight union representatives with incitement Sunday for taking part in a garment factory strike, bringing to 17 the number of unionists charged this month alone. The latest in the spate of recent arrests came just ahead of today’s high-level meeting between ...
Mech Dara
http://www.cambodiadaily.com/news/more-unionists-charged-on-eve-of-brand-meeting-59538/
Cambodia's cassava export drops 13 pct in Q1
Cambodia had exported 213,530 tons of fresh and dry cassava in the first three months of 2014, down 13 percent compared with 245,440 tons over the same period last year, according to the figures provided by the Commerce Ministry on Sunday. However, the country saw a ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140525/cambodias-cassava-export-drops-13-pct-q1
Huge haul of smuggled ivory came from Kenya
The three-ton haul of illegal elephant ivory seized by port officials on May 9 originated in Kenya and was then shipped through Malaysia to Cambodia in two freight containers, the chief of Sihanoukville Autonomous Port’s customs and excise department said Thursday. Most of the elephant ...
Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/huge-haul-of-smuggled-ivory-came-from-kenya-59451/
Imports of petroleum on the rise last quarter
Cambodia’s petrol bill topped $440 million at the end of the first quarter, up 11 per cent from $397 million during the same period last year, according to data from the Ministry of Commerce. The data show Cambodia imported a total of 453,000 tonnes of petroleum ...
May Kunmakara
http://www.phnompenhpost.com/business/imports-petroleum-rise-last-quarter
Customs agreement gets green light at NA
The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...
May Kunmakara
http://www.phnompenhpost.com/business/customs-agreement-gets-green-light-na
Cambodia's oil imports up 10 pct in Q1
Cambodia imported 453,000 tons of petroleum in the first three months of 2014, up 10 percent from 412,190 tons over the same period last year, the data of the Ministry of Commerce showed Tuesday. During the January-March period this year, the country spent 442 million U.S. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MjhiNWFmMjgwODB