Economy and commerce
Rice millers can now get $20 mil
Rice millers in the country will now be able to access the government’s promised emergency loan of $20 million to purchase paddy rice from farmers in a bid to prevent rice prices from falling further, the Rural Development Bank (RDB) announced yesterday. Rural Development Bank CEO ...
Sok Chan
http://www.khmertimeskh.com/news/29939/rice-millers--can-now--get--20-mil/
Banking with a positive spin
A banking sector initiative launched yesterday aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...
Kali Kotoski
http://www.phnompenhpost.com/business/banking-positive-spin
Japan building Mekong supply chain
Greater connectivity between Japan and Cambodia is tightening economic links between the two countries while catalysing Japan’s ambitions to develop a chain of industrial complexes that cut a tract through the Lower Mekong region. Officials at Japan External Trade Organisation (JETRO), Japan’s development agency, say ...
Matthieu de Gaudemar and Cheng Sokhorng
http://www.phnompenhpost.com/business/japan-building-mekong-supply-chain
Thais reopen border to agriculture goods
The Cambodia-Thailand border in Pailin province temporarily reopened to various Cambodian agricultural products on Friday after a meeting between provincial authorities on both sides of the border, according to the deputy provincial governor who led the Cambodian delegation. ...
Pav Suy
http://www.khmertimeskh.com/news/29890/thais-reopen-border-to-agriculture-goods/
Asean energy demand discussed
Cambodia urged the heads of all Asean national oil companies to cooperate together to ensure that there is demand and supply of energy in the 10-nation grouping, said a senior official in the Ministry of Mines and Energy. ...
May Kunmakara
http://www.khmertimeskh.com/news/29822/asean-energy-demand-discussed/
More Chinese FDI on the horizon
China has pledged to increase its investment in Cambodia in return for the Kingdom’s commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei, secretary-general of the Chinese-ASEAN Expo (CAEXPO) Secretariat, said on Wednesday that Cambodia had thrown its full support behind China’s ...
Kali Kotoski
http://www.phnompenhpost.com/business/more-chinese-fdi-horizon
Thais to tackle farm barriers
The Thai Commerce Ministry is looking into existing trade and investment barriers for its “innovative farm products” with Cambodia, Laos, Myanmar and Vietnam, with the long-term goal of removing them, according to the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/29750/thais-to-tackle-farm-barriers/
Government investigates rice sector
Following a Monday announcement from the Agriculture Ministry that provincial officials must ensure that the country’s rice millers pay adequate prices for rice paddy, the ministry followed up yesterday, saying that working groups had started discussing the situation with rice millers and rice farmers. In a ...
Sok Chan
http://www.khmertimeskh.com/news/29775/government-investigates--rice-sector/
Creature comforts in demand
In its latest audit of domestic appliance sales for seven countries in Southeast Asia, German-based market research firm GfK found that consumer spending on refrigerators, air conditioning units and washing machines grew by 2 percent during the year ending June 2016, while washing machine sales ...
Hor Kimsay
http://www.phnompenhpost.com/business/creature-comforts-demand
Cambodia-Laos MoU on GI
Cambodia’s Ministry of Commerce and Laos’ Ministry of Science and Technology last week signed a memorandum of understanding (MoU) to cooperate in the protection of trademarks and geographical indications (GI). ...
Sok Chan
http://www.khmertimeskh.com/news/29639/cambodia-laos-mou-on-gi/
Palm farmers eye a sweet deal
Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market. Prak Sereywath, president of the Cambodia Institute for Research and Rural ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/palm-farmers-eye-sweet-deal
Local goods replacing imports
The value of imports from neighboring Thailand has decreased by almost $500,000 in the first seven months of this year, a possible sign of health of Cambodia’s domestic production capabilities. According to figures released by the Thai embassy, the value of imports dropped by 16 percent ...
Chea Vannak
http://www.khmertimeskh.com/news/29638/local-goods-replacing-imports/
PM: China will open markets
Prime Minister Hun Sen said yesterday that China gave assurances that it will grant greater access for Cambodia’s agricultural products to enter its markets. “It is my mission to ensure that domestic goods, especially agricultural products, can be exported to China in greater quantities. I just ...
May Kunmakara
http://www.khmertimeskh.com/news/29640/pm--china-will-open-markets/
PM in China to discuss trade ties
Prime Minister Hun Sen yesterday appealed for more Chinese investment in Cambodia and said he hoped the country of more than 1.3 billion would increase its imports of products from the Kingdom. ...
Vong Sokheng
http://www.phnompenhpost.com/national/pm-china-discuss-trade-ties
MoU signed with China
The Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT) on Friday signed a memorandum of understanding (MoU) to promote business interaction and enhance trade and investment between China and the Kingdom. ...
Sok Chan
http://www.khmertimeskh.com/news/29595/mou-signed-with-china/
China doubles Cambodian rice quota
The Chinese government will import 200,000 tons of rice from Cambodia from next year – double the current amount – and will also help in the restoration of Preah Vihear temple, it was announced yesterday. ...
Ven Rathavong
http://www.khmertimeskh.com/news/29566/china-doubles-cambodian-rice-quota/
Thai bank’s $140M offer to buy Cambodian MFI on hold
Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...
Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold
China dominates construction
China is the top-ranking foreign investor in the construction and property sectors in Cambodia, with South Korea and Japan coming second and third, according to a new government report. ...
Sum Manet
http://www.khmertimeskh.com/news/29552/china-dominates-construction/
Rubber producers want export taxes scrapped
A group of private sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories. ក្រុមអ្នកផលិតកៅស៊ូចង់នាំឱ្យពន្ធនាំចេញត្រូវលុបចោលក្រុមអ្នកផលិតកៅស៊ូឯកជនមួយបានដាក់ញ្ញត្តិទៅរដ្ឋាភិបាលដើម្បីទម្លាក់ចោលពន្ធនាំចេញផលិតផលកៅស៊ូ ដែលលើកឡើងថា ការមិនយកពន្ធនាំចេញនៃវិស័យនេះអាចនឹងទាក់ទាញវិនិយោគិនបរទេសមកដំឡើងរោងចក្រកែច្នៃ។ ...
Post Staff
http://www.phnompenhpost.com/business/rubber-producers-want-export-taxes-scrapped
Royal Group submits plan for coal-fired plant
New details have emerged on Royal Group’s ambitions to expand its energy portfolio after a government official clarified that Cambodia’s biggest conglomerate is seeking to develop its own coal-fired power plant, rather than finance an existing one. ...
Kali Kotoski
http://www.phnompenhpost.com/business/royal-group-submits-plan-coal-fired-plant
Lenders come out of the dark
More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/lenders-come-out-dark
Rice bound for Indonesia?
The Cambodia Rice Federation (CRF) hopes to export around 200,000 tons of milled rice a year to Indonesia, which is one of the biggest rice markets in Asean. This comes after the CRF announced late last month that it will not join the bid to ...
Chea Vannak
http://www.khmertimeskh.com/news/29485/rice-bound-for-indonesia-/
EDC tells banks to stop outsourcing collections
State-run energy utility Electricité du Cambodge (EdC) has asked banks and microfinance institutions (MFIs) to stop using third-party services to collect payment of customer electricity fees, local media reported yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/edc-tells-banks-stop-outsourcing-collections
Rice loans to be disbursed soon
Cambodia’s beleaguered rice millers can now breathe a sigh of relief after a tumultuous three months in what seemed to be government ineptitude in disbursing an emergency loan of $30 million to prevent them from becoming insolvent. In June, the Cambodia Rice Federation (CRF) announced that ...
Chea Vannak
http://www.khmertimeskh.com/news/29421/rice-loans-to-be-disbursed-soon/