Economy and commerce
Trade
Cambodia to host 8th ASEAN Social Welfare Ministers meeting next month
The 8th ASEAN Ministerial Meeting for Social Welfare and Development will be held in Cambodia’s Siem Reap City from Sept. 3 to 7, according to a statement of Cambodia’s Ministry of Social Affairs released Thursday. ...
http://news.xinhuanet.com/english/world/2013-08/15/c_132633368.htm
Car Maker Mazda Opens in Cambodia
Japanese automaker Mazda opened its first showroom in Cambodia on Wednesday, making it the third foreign car company to move into the country since the beginning of the year. “Mazda starts selling in Cambodia from today,” said Chanthan Ngon, general manager of HGB Auto, the company’s ...
http://www.cambodiadaily.com/business/car-maker-mazda-opens-in-cambodia-39630/
New Zealand governor-general in cambodia to build bilateral ties
The governor-general of New Zealand, Lieutenant General Jerry Mateparae, began a four-day visit to Cambodia on Thursday at the invitation of King Norodom Sihamoni to promote bilateral relations between the two countries. “The visit reflects the priority New Zealand attaches to its relations with the ...
Simon Henderson
http://www.cambodiadaily.com/news/new-zealand-governor-general-in-cambodia-to-build-bilateral-ties-39050/
After Deadly Factory Collapse, Safety Improvements Scarce
On May 16, immediately after the ceiling of a shoe factory collapsed in Kompong Speu province, leaving two people dead, promises were made to prosecute those responsible for the tragedy and to conduct a nationwide inspection of all factories. “We will have a committee investigate clearly ...
http://www.cambodiadaily.com/news/after-deadly-factory-collapse-safety-improvements-scarce-39041/
Japanese, Cambodia trade is up 19 per cent
Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show. Cambodian exports to Japan were up 31 per cent in the first six ...
http://www.phnompenhpost.com/business/japanese-cambodia-trade-19-cent
Rail gets rice exports on move
For the first time since a railway rehabilitation project was launched in 2006, Cambodian rice is now being transported from Phnom Penh to the Sihanoukville port along the country’s southern line for export, operators Toll said on Wednesday. Speaking at the Phnom Penh cargo loading station, ...
http://www.phnompenhpost.com/business/rail-gets-rice-exports-move
Cambodia organizes int'l industrial machinery, garment exhibition
The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...
http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm
Inspections over tainted milk start in markets
Government officials began inspecting markets across the country yesterday in search of baby formula containing an ingredient from New Zealand dairy giant Fonterra that could cause botulism, quality control representatives at the Ministry of Commerce said. “We informed all our officials directly to collect nationwide some ...
http://www.phnompenhpost.com/business/inspections-over-tainted-milk-start-markets
Cambodia's trade with U.S. up 2% in first half of 2013
Bilateral trade between Cambodia and the United States has amounted to 1.44 billion U.S. dollars in the first six months of the year, up 2 percent compared with 1.41 billion U.S. dollars over the same period last year, the figures of the U.S. Department of ...
http://news.xinhuanet.com/english/business/2013-08/07/c_132610051.htm
Malaysian firms urged to venture into Cambodia's agri sector
Malaysian companies have been urged to venture into Cambodia’s agriculture sector especially in paddy planting and opening up rubber estates. In making the call, Raja Saiful Ridzuan, Deputy Chief of Mission at the Malaysian Embassy here, said Malaysian firms, with its vast expertise in agriculture sector, ...
http://www.nst.com.my/latest/malaysian-firms-urged-to-venture-into-cambodia-s-agri-sector-1.334244
Health Ministry to Probe Suspect Baby Formula
The Ministry of Health will investigate a baby milk formula sold in Cambodia that has been recalled over a risk it contains bacteria that causes botulism, an official said Tuesday. New Zealand dairy company Fonterra has advised eight companies that bought a whey protein concentrate produced ...
Workers asked to stay calm amid protest rumors
Cambodia’s Social Affairs Minister urged factory workers, employers and the public not to be concerned regarding the rumors of disorder and planned protests after the country’s recent parliamentary election. He appealed to all factories and enterprises within the country to proceed as normal. “The Cambodian government ...
Cambodia's garment industry at crossroads
Nun Vanak is an excellent example of how Cambodia’s garment manufacturing industry has helped to change lives of hundreds of thousands of people in this country. The 23-year-old is part of Cambodia’s half-a-million-strong workforce – mostly young women – that keeps these garment factories running. Her income ...
Credit at Cambodia's banks grows by 5.4 pct in first half
Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...
http://news.xinhuanet.com/english/business/2013-08/05/c_132603705.htm
Baby milk recalled in Cambodia
Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...
http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia
FAO Predicts Rice Crop to Match Last Year’s
The U.N.’s Food and Agriculture Organization (FAO) predicts that Cambodia’s rice crop this year will equal but not exceed last year’s record yield. In its July rice market monitor report, issued quarterly, the FAO said that weather conditions meant this year’s rice crop would not reach ...
http://www.cambodiadaily.com/business/fao-predicts-rice-crop-to-match-last-years-38297/
Rice exports already surpass last year’s total
Cambodia exported about 31,000 tonnes of rice in July, a 40 per cent seasonal increase from the average of 22,000 tonnes for first five months of this year. Official data show that Cambodia exported 207,000 tonnes from January through July, an amount surpassing the 205,000 tonnes ...
http://www.phnompenhpost.com/business/rice-exports-already-surpass-last-year%E2%80%99s-total
Cambodian rubber earnings fall
Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...
http://www.phnompenhpost.com/business/cambodian-rubber-earnings-fall
New Chinese envoy pledges to further enhance ties with Cambodia
Newly-designated Ambassador of China to Cambodia Bu Jianguo on Thursday vowed to help further deepen all rounds of cooperation with Cambodia for the benefits [sic] of the two countries and peoples. Paying a courtesy call on Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong, Bu ...
http://news.xinhuanet.com/english/china/2013-07/25/c_132573145.htm
Workers paid out on doorstop of election
A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...
http://www.phnompenhpost.com/national/workers-paid-out-doorstop-election
Philippine, Cambodian rice deal still on hold
Four months after the Philippines and Cambodia signed an agreement to increase rice trade, the plan is stuck in limbo. Philippine Ambassador to Cambodia Noe Wong and Cambodian Minister of Commerce Cham Prasidh signed a deal in April for the Philippines National Food Authority to import ...
http://www.phnompenhpost.com/business/philippine-cambodian-rice-deal-still-hold
UK Sugar Firm Investigating Child Labor Claims
U.K. sugar firm Tate & Lyle on Wednesday said it was looking into recent allegations of child labor on two plantations in Koh Kong province it has been buying sugar from since 2010, but rebuked NGOs for not bringing the claims to its attention sooner. The ...
http://www.cambodiadaily.com/news/uk-sugar-firm-investigating-child-labor-claims-36637/
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm
Timing of stats questioned
For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...
http://www.phnompenhpost.com/business/timing-stats-questioned