Economy and commerce

Following an outbreak in South Korea of a deadly respiratory disease which has killed three people and infected 36 in that country since late last month, Cambodian health officials on Friday asked travelers coming from infected regions to be vigilant to avoid its spread here. ...

Vietnam offered Friday the lower price for the additional rice supply that the Philippines will import to increase its buffer stock for the lean season, the National Food Authority said. NFA earlier invited Cambodia, Thailand and Vietnam to supply an additional 250,000 metric tons of rice ...

Garment factory Grand Twins International (GTI), one of the two companies listed on Cambodia’s fledgling stock exchange, will pay 50 per cent of its net income after tax in dividends to shareholders by the 22nd of this month. According to an announcement from the Cambodia Securities ...

Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. The Thai government recently approved 99-year leases for state land for industrial and commercial use ...

On May 19, 2015, the European Union (EU) adopted a Joint Communication: The EU and ASEAN: a partnership with a strategic purpose. The communication calls for taking “trade relations with ASEAN to a different level and working towards an ambitious region-to-region free trade agreement (FTA) ...

Vietnam, the world’s third largest rice exporter after India and Thailand, has raised by 3% the export price floor for the 25% broken rice to $350 a ton as it prepares for a tender in the Philippines, traders said. ...

Cambodian rice exporters are expressing concern that the country’s rice exports to the European Union (EU) under the Everything But Arms (EBA) agreement have been facing a stiff competition from Myanmar, which also exports rice to the EU under the EBA agreement, according to local ...

Cambodia will continue to diversify its export markets, and is optimistic that investors will reap good benefits from investing in the country. Prime Minister Hun Sen said to expand its exports, the government would promote transport connectivity and the logistic systems, improve the regulatory framework and ...

ASEAN and the European Union (EU) are set to explore the possible resumption of talks on a free-trade agreement (FTA) after the ASEAN Economic Community comes into effect this year, Malaysia’s Bernama news agency reported Sunday. ...

Prime Minister Hun Sen met with Chinese President Xi Jinping on the sidelines of the 60th Asian-Af­ri­can Conference Commemoration in Bandung, Indonesia, on Thursday, announcing further cooperation between the two countries, local media reported Friday. ...

The Ministry of Environment said it is working to make eco-friendly and green technologies tax-free, in order to reduce the cost barriers associated with importing and implementing these technologies, such as the use of solar panels. Speaking at EuroCham’s Green Business Forum in Phnom Penh, Environment ...

There is a growing demand for palm sugar in the marketplace. But producers are unhappy that they have not been paid fair prices by middlemen. The fair price for a kilo of raw palm sugar varies from US$0.41 to US$0.70. But the producers get much ...

Less than 10 months after the $200-million Aeon Mall opened its doors to Phnom Penh’s consumers, at least seven tenants at Cambodia’s largest shopping center have shuttered their businesses, complaining of disappointing foot traffic, construction disturbances and overly thrifty patrons. ...

A Cambodian rice exporter is expected to take part in an Iraqi bid for 30,000 tons of milled rice late this month, a company’s representative said Wednesday. ...

On April 19, the 24th World Economic Forum on East Asia kicked off in the Indonesian capital of Jakarta. One of the main events was a conversation on “East Asia in the New Global Context,” which featured two heads of state – Cambodian prime minister ...

Cambodia’s economy is expected to benefit from a strong recovery in the US markets and the fall of global oil prices, driving its high growth trend, according to the International Monetary Fund’s projection for the Asia-Pacific region. ...

The number of tourists travelling during the three-day Khmer New Year festivities saw a dramatic increase this year, with the largest attraction – Angkor Sangkran in Siem Reap – hosting more than a million visitors last week. ...

The World Bank said last week that Cambodia will likely graduate to a lower-middle-income nation in 2015, on the back of sustained poverty alleviation, stable economic growth and progress made on reducing inequality between the rich and poor. ...

Cambodia set yet another Guinness World Record on Wednesday—its second in three days—when 2,015 people participated in a synchronized line dance during the Angkor Sankranta New Year festival in Siem Reap City. ...

A Guinness World Records judge kicked this year’s Angkor Sankranta festival into action Monday by officially declaring a 4-ton sticky rice cake produced for the Khmer New Year celebration to be the largest ever made. ...

Cambodia Bayon Airlines made its inaugural flight to Sihanoukville on Sunday, more than three months after the Chinese airline opened a daily route between Phnom Penh and Siem Reap City. ...

The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds. The prediction is a gloomy counterpoint to the coming rebound the Asian Development Bank (ADB) forecast ...

Power system engineering and technical solutions provider Pestech International Bhd has become a concession owner in Cambodia after it secures a project worth RM1.59bil. ...

The Phnom Penh Water Supply Authority – one of two listed companies on the Cambodia Securities Exchange – earned an after-tax net profit of $11.43 million last year, up 20 per cent from 2013. ...