Trade

With demand for shopping space in Cambodia on the rise and investor interest growing, the Japanese developer Aeon Mall (Cambodia) Co Ltd last week broke ground on the construction of a US$205-million mall in Phnom Penh. “We are happy to contribute to the development of ...

A NEW [sic] organisation for rice exporters was launched in Cambodia this weekend in an effort to transform the industry as it seeks to meet ambitious export targets. The Federation of Cambodian Rice Exporters (FCRE) was inaugurated on Saturday, and says it will gain full authorization ...

PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...

The 7th Cambodia Import-Export Promotion Exhibition kicked off here on Saturday, aiming at promoting local trade and trade between the country and its foreign trading partners. The four-day event, held at the capital’s Diamond Island Exhibition Center, brought together products from 21 countries around the world, ...

Cambodia is ramping up efforts to attract US investment, especially because it benefits from trade preferences due to its status as a least-developed country, Cambodian Commerce Minister Cham Prasidh says. Cambodian products can be imported duty free to a number of markets, including Europe and ...

A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...

About 1,000 workers at a bicycle factory in the Tai Seng Special Economic Zone went on strike Wednesday for a second day, sources said. The sources said the striking workers at Smart Tech (Cambodia) Co Ltd threw rocks at factory windows and threatened to continue ...

Christmas shoppers stand to be taken by surprise this month as campaigners take action in shopping centers around Europe to raise awareness of poverty wages of Cambodian garment workers. With these ‘fashion mobs’, they pressure H&M, Inditex (Zara), Levi’s and Gap to introduce a living ...

The Ministry of Commerce will host the 7th Cambodian Export-Import and One Product One Province Exhibition at Diamond Island from December 15-18. ...

As Cambodia’s rice harvest gets into full swing, the government said yesterday that it expects this year’s crop to exceed last year’s, despite fears that drought would limit the yield. Minister of Agriculture Chan Sarun said that farmers had already harvested more than 3 million tons ...

The Alliance of Rice Producers Exporters of Cambodia (ARPEC) will release US$2 million after December 15th to its members in nine provinces so they can buy paddy rice before the harvest season ends and stocks been depleted. He said the pay out is being drawn from ...

The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...

Cambodia has recorded a growth rate of 10 percent since the last 10 years, and the time is right for the Indian small and medium enterprises (SMEs) to look at Cambodia as its key partner for accessing the ASEAN marke [sic], Ambassador of India in ...

The Kep-Kamport Salt Producers Community expressed concern about the production of salt this year not reaching its forecast due to the late-starting season and the lack of labour to work in the fields. Um Chhun, director of the administration office in Kep-Kamport Salt Producers Community, said ...

Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business relatively free from the graft as Cambodia makes anti-corruption headway. Cham Prasidh was in Washington last week, where he and other ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...

Cambodia’s rubber price is expected to fall further in coming years while government projects aimed at doubling rubber resin production will take effect by 2015, according to the latest figures from the Rubber General Department. Mak Kimhong, president of the Cambodia Rubber Association and owner of ...

The ties between Cambodia and China in trade, investment and tourism have steadily grown from year to year thanks to good relations between the two countries, Cambodian Minister of Commerce Cham Prasidh said Tuesday. “China is one of our key trading partners. The two-way trade volume ...

British ambassadors and high commissioners from the ASEAN region convened last week in Singapore; among the range of topics discussed was the increase of the UK’s economic involvement in the region. According to Mark Gooding, British Ambassador to Cambodia, UK trade with Cambodia has been increasing ...

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 17 percent over the first 11 months of the year, compared to the same period in 2011, a port official said yesterday. From January through October, the Port received a total of 86,334 ...

The Commerce Minister said yesterday that China is a potential market for Cambodia’s garment exports and some other agricultural products while the traditional big markets of Europe and the United States are experiencing an economic slowdown. Cham Prasidh said at the sidelines of the Cambodia-China Trade ...

Less developed countries should promote domestic software development that meets local needs and capabilities, bringing development gains, a United Nations Conference on Trade and Development (UNCTAD) report published last week says. Locally developed software is more likely to fit the culture, context and language where it ...

Provincial authorities have reported an influx of people from Phnom Penh to the provinces over the three-day Water Festival celebration, while vendors who set up shops on Koh Pich in the capital during the holiday said that they had barely broken even. This year saw ...

Aeon Thana Sinsap (Thailand) plans aggressive business expansion both here and in neighbouring countries. The leading Japanese non-bank company is using Thailand as a centre to expand its businesses in other Asean countries. Aeon Thana Sinsap plans to offer more financial services in Cambodia, Vietnam, Laos and ...