Economy and commerce

Economic policy and administration

Vietnam island airport opens flights to Singapore, Cambodia

Vietnam Airlines will launch new international routes on November 1, connecting the Kien Giang Province’s Phu Quoc airport to Singapore and Cambodia. The Phu Quoc – Singapore route will carry two flights a week and the Phu Quoc – Siem Riep route will carry three flights ...

Thanh Nien Daily News Staff
https://www.google.com.kh/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=+Cambodia&tbm=nws

Raid of illegal gaming sites snares seven

Police in Phnom Penh’s Daun Penh district took part in a sting target took part in a sting targeting illegal computer gaming locations yesterday, arresting seven people and seizing 71 illicit machines across three locations in Phsar Thmey III village. ...

Kim Sarom
http://phnompenhpost.com

Italy demands ‘fairer’ rice deal

Italy has demanded that the European Union restrict Cambodia’s duty-free import status, as concerns over the survival of that country’s rice sector appear to be reaching a fever pitch. According to rice industry website Oryza, the Italian government has officially submitted a request to the EU ...

Eddie Morton
http://www.phnompenhpost.com/business/italy-demands-%E2%80%98fairer%E2%80%99-rice-deal

Cambodia sees 16 pct rise in garment, footwear exports in 6 months

Garment and footwear industry, Cambodia’s largest income earner, saw a 16 percent increase in exports in the first six months of 2014, according to a commerce ministry’s report on Sunday. The country exported apparel and footwear products worth 2.92 billion U.S. dollars during the January-June period ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/20/c_133497592.htm

Cambodia denies allowing China's Taiwan to open representative office

Cambodia on Friday afternoon issued a statement to reject a news report that the country had given approval to China’s Taiwan to open a trade center in its territory. According to the statement posted on its website, the Cambodian Ministry of Foreign Affairs and International Cooperation ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-07/18/c_133494396.htm

Employers snub talks over wages

Management at Ocean Garment factory yesterday flouted a Ministry of Labour invitation to sit at the negotiating table with employees protesting the factory’s refusal to abide by an Arbitration Council decision in their favour. ...

Mom Kunthear
http://www.phnompenhpost.com/national/employers-snub-talks-over-wages

Cambodian FM hails China's development

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong on Wednesday praised China for its rapid development in all fields, particularly in the economic front. “China’s fast development, especially in the economic sector, is due to the right and wise leadership of the current Chinese government,” ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-07/16/c_133489111.htm

Cambodia sees 1.41 bln USD trade deficit in 1st half of 2014

Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday. Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-07/15/c_133484829.htm

Remittances dip on exodus

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Eddie Morton
http://www.phnompenhpost.com/business/remittances-dip-exodus

New Association seeks to improve rice market

Cambodian farmers are looking toward a new organization to help them get the best prices for their rice, but many are skeptical disparities between farmers and traders can be overcome. The Cambodian Rice Federation was started in May, bringing together disparate companies, associations and farmers in ...

Suy Heimkhemra
http://www.voacambodia.com/content/new-association-seeks-to-improve-rice-market/1957023.html

Smartphone sales slowing

After years of ever-brisker sales, the smartphone market may be plateauing. Cambodians spent more than $300 million on smartphones last year, a 38 per cent increase from 2012’s figure of about $220 million, according to data from Singapore-based research firm GfK. Some 907,000 smartphones were sold in ...

May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/smartphone-sales-slowing

Factory wage rallies heat up

More than 1,000 workers held a demonstration in front of Ocean Garment factory in the capital yesterday, burning tyres and blocking the road in protest against the management’s refusal to abide by a ruling that workers be paid in full for a one-month closure. On May ...

Mom Kunthear
http://www.phnompenhpost.com/national/factory-wage-rallies-heat

Berjaya Food share rises after Cambodia unit formed

Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...

Free Malaysia Today News
http://www.freemalaysiatoday.com/category/business/2014/07/10/berjaya-food-share-rises-after-cambodia-unit-formed/

Passenger arrival at airports up by 10 pct

The number of passenger arrivals at the Kingdom’s airports rose to 1.37 million in the first six months of the year, up 10 per cent from 1.24 million visitors in the same period in 2013, according to figures from Cambodia Airports. The figures include both international ...

Hor Kimsay
http://phnompenhpost.com

Agreement provides better access to Cambodia and the Philippines

Transport Minister Gerry Brownlee says Cabinet approval of two new air services agreements will make it easier for New Zealanders to travel and do business in Cambodia and the Philippines. The new agreement with Cambodia places no limits on flights and routes operated by airlines ...

Voxy News Staff
http://www.voxy.co.nz/politics/agreement-provides-better-access-cambodia-and-philippines/5/195776

New Zealand opens door to more flights to Philippines, Cambodia

The number of flights between New Zealand and Southeast Asia is set to grow with the approval of new air services agreements with the Philippines and Cambodia, Transport Minister Gerry Brownlee said Wednesday. “These agreements help provide New Zealanders with better access to Southeast Asia, providing ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=228794

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