Economy and commerce
Trade
Postal service revenue up
Operating revenue at the partly state-owned mail service, Cambodia Post (CP), rose more than 10 per cent last year compared to 2012, according to a senior government official. Ork Bora, CP’s general director, said that revenue reached $4.56 million, an increase of 12.54 per cent from ...
May Kunmakara
http://www.phnompenhpost.com/business/postal-service-revenue
Survey seeks info on Cambodian business health
Starting later this month, 10,000 small and medium-sized businesses will be queried as part of a Japanese government-backed economic census intended to take a snapshot of activity across the private sector. Beginning on February 23 and running through to March 31, Cambodia’s National Institute of Statistics ...
Eddie Morton
http://www.phnompenhpost.com/business/survey-seeks-info-cambodian-business-health
Moc Bai Border Gate Economic Zone
Moc Bai Border Gate Economic Zone is located on the Trans-Asia Road that starts from Myanmar, goes to Thailand, Cambodia, Laos and Vietnam and ends at Quangxi, China. It was built with three border gates on an area of 21,283ha, covering the communes of Long Thuan, ...
Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/92035/moc-bai-border-gate-economic-zone.html
Cambodia’s rice under fire
Amid falling local production in Italy, officials there are calling on the European Union to scrap a preferential trade agreement that gives Cambodia’s rice exports duty-free advantages in the global market. According to a January 31 report from rice industry publication Oryza, members of the Italian ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-rice-under-fire
No Results in Protest Shooting Investigations
At 10 a.m. on January 3, about 2,000 members of the security forces, mostly military police, advanced down Phnom Penh’s factory-lined Veng Sreng Street, spraying AK-47 assault rifle fire into a crowd of about 100 protesters who had been throwing stones and crude Molotov cocktails. ...
Khuon Narim and Colin Meyn
http://www.cambodiadaily.com/news/no-results-in-protest-shooting-investigations-51325/
EU Parliamentarian Finds Abuses Fueled by Trade Scheme
Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...
Denise Hruby
http://www.cambodiadaily.com/news/eu-parliamentarian-finds-abuses-fueled-by-trade-scheme-51188/
EU Parliamentarian Probes Sugar Plantations in Cambodia
A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...
Zsombor Peter
http://www.cambodiadaily.com/news/eu-parliamentarian-probes-sugar-plantations-in-cambodia-51166/
India urges more trade action
The Indian ambassador to Cambodia is calling on the government to reduce exorbitant shipping costs and take better advantage of a tariff scheme that India offers, two obstacles that the diplomat says are discouraging bilateral trade. Ambassador Dinesh Patnaik said on Tuesday that Indian businesses exporting ...
Eddie Morton
http://www.phnompenhpost.com/business/india-urges-more-trade-action
Commerce Minister calls on checkpoint officials to crackdown on expired goods
Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Son Chanthol, the Commerce Minister, made such comments during a meeting Tuesday with officials from Department of Commerce, Chamber of Commerce, and checkpoints in Banteat Meanchey province. He also asked his officials ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OWFjOTZkZjI0OTh
Commerce Minister calls on checkpoint officials to crackdown on expired goods
Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OWFjOTZkZjI0OTh
Cambodian garment export earns 5.53 bln USD in 2013
Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/27/c_133078498.htm
Cambodia's rubber export up 34 pct in 2013
Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/23/c_133068429.htm
ANZ sugar fallout broadens
Shareholders will want answers from ANZ bank after it was revealed this week that the banking giant’s joint venture in Cambodia financed ruling party senator Ly Yong Phat’s controversial sugar plantation, the Responsible Investment Association Australia (RIAA) said yesterday. Environmental audit documents obtained by the Post on Tuesday ...
Daniel de Carteret
http://www.phnompenhpost.com/business/anz-sugar-fallout-broadens
Exports consistent for Cambodia’s ag sector
Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...
May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector
Cambodia produces 9.3 mln tonnes of paddy rice last year
Cambodia had produced 9.3 million tons of paddy rice in 2013, which was comparable to the amount in 2012, according to the report of the Ministry of Agriculture on Thursday. Hean Vanhorn, director of the single window secretariat for facilitating milled rice exports, called on ...
Global Times News Staff
http://www.globaltimes.cn/content/838958.shtml#.UuHaSMr-LIU
Cambodia's rice export to reach 1 mln tons in 2015: commerce minister
Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/21/c_133062965.htm
EU resolution passed against sugar abuses
The European Parliament has passed a resolution calling on the bloc’s executive body to urgently act on an EU preferential trade scheme found to have carried high risks of human rights violations in Cambodia through land evictions for industrial sugar development. In a January 16 resolution, ...
Kevin Ponniah
http://www.phnompenhpost.com/national/eu-resolution-passed-against-sugar-abuses
Trade hurt by political and labour turbulence
Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce. Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 ...
Eddie Morton
http://www.phnompenhpost.com/business/trade-hurt-political-and-labour-turbulence
Season’s Bountiful Fish Catch Means Prahok Will Be Plentiful
Last week marked the end of the annual fishing season and many who had gathered on the riverbanks to buy and sell fish in the Russei Keo district of Phnom Penh called it the best season in years. An abundance of fish, there were bargain prices ...
Ben Sokhean and Malia Guyer-Stevens
http://www.cambodiadaily.com/news/seasons-bountiful-fish-catch-means-prahok-will-be-plentiful-50893/
Chinese investment in Cambodia up in 2013
Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...
Global Times News Staff
http://www.globaltimes.cn/content/838148.shtml#.Utx56xD-LIU
Cambodian, Laotian FMs to meet next week on ties
Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong would meet with his Laotian counterpart Thongloun Sisoulith next week to explore possibilities to further boost bilateral ties, the Cambodian Ministry of Foreign Affairs said Friday. The two top diplomats would co-chair the 12th meeting of the ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/17/c_133052813.htm
Food Vendors Feel the Bite of Soaring Inflation
Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...
Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/
Cambodia's trade with foreign countries reaches nearly 16 bln USD last year
Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm
Cambodia, ILO jointly launch job services, labor market information project with Chinese aid
Cambodia and the International Labor Organization (ILO) on Thursday launched a new project to expand job services and improve labor market information with funding from China, according to an ILO media statement. The ILO/China South-South Cooperation Project to Expand Employment Services and Enhance Labor Market Information ...
Global Times News Staff
http://www.globaltimes.cn/content/837853.shtml#.UtiSiRCSxqU