Economy and commerce
Trade
Insight: Land conflict, impunity dims Cambodia's awakening
Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. ...
http://www.reuters.com/article/2012/11/12/us-cambodia-protests-idUSBRE8AB17J20121112
Hanging by a Thread
Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...
http://www.bangkokpost.com/business/economics/320823/hanging-by-a-thread
Decorative plants are more popular than ever, but most are imported
Sar Botra has always liked gardening. The front yard of his house, an explosion of flowers and plants, makes it clear that he’s got a very green thumb. He used to spend a lot of time with his plants after work or on the weekends, ...
Vietnam, Laos, Cambodia seek investments for Mekong sub region
Delegates attending a forum on investment and cooperation for the Mekong sub region, held in the central highland province of Dak Lak on November 9, all agreed that Vietnam, Laos and Cambodia need to work on common preferential policies to attract lucrative investments for the ...
Cheap Cambodian sand reaches city
The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...
http://www.thehindu.com/news/cities/chennai/cheap-cambodian-sand-reaches-city/article4082209.ece
CAMBODIA: Garment exports soar 9.9% in 9 months
Cambodia’s garment exports rose 9.9% to $3.44bn in the first nine months of this year, up from $ 3.13bn a year ago, according to the latest figures from the Cambodian Ministry of Commerce. ...
http://www.just-style.com/news/garment-exports-soar-99-in-9-months_id116076.aspx
Hun Sen to Hold Bilateral Talks With Obama During Summit
Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...
Tax revenue up from 2011
Cambodia collected $633 million in taxes over the first 10 months of this year, a 31 per cent rise from $483 million over the same period last year, according to the General Department of Taxation. However, an opposition watchdog claimed the amount is still far ...
E-commerce set to boom
E-commerce in the Kingdom would boom during the coming years as a result of technological developments and young Cambodians being eager to gain skills in new technology, a gathering of business people heard during “E-biz Tuesday”, a monthly meeting for discussion on Cambodia’s e-commerce industry. According ...
http://www.phnompenhpost.com/index.php/2012110859633/Business/e-commerce-set-to-boom.html
Refined sugar for domestic market
Phnom Penh Sugar will begin producing white sugar this month for the Cambodian market to reduce the demand for imported sugar, according to a spokeswoman for the firm. Chheang Kemsoun, a representative of Phnom Penh Sugar, told the Post yesterday the company would produce white sugar ...
http://www.phnompenhpost.com/index.php/2012110759620/Business/refined-sugar-for-domestic-market.html
Cambodian Prime Minister calls on Japan for more tourists, investors
Prime Minister Hun Sen of Cambodia has called upon Japanese counterpart Yoshihiko Noda for his support in encouraging more investments and tourism from Japan to help strengthen bilateral ties between the two Asian nations. The request was made at a meeting on Monday during the ...
A factory’s fainting crisis
In a single factory that supplies some of the biggest international brands, faintings occurred every day for five years, a new investigation by the Cambodian Legal Education Centre has found. Until just weeks ago, when the management installed new fans, three to four garments workers were ...
http://www.phnompenhpost.com/index.php/2012110759624/National-news/a-factorys-fainting-crisis.html
Kingdom’s trade deficit widens
Cambodia’s total exports increased more than 13 per cent in the first nine months of this year, with a year-on-year comparison indicating a widening trade deficit. A private-sector representative, an exporter and an independent economist said the slow growth was mainly due to the slowing of ...
http://www.phnompenhpost.com/index.php/2012110759621/Business/kingdoms-trade-deficit-widens.html
Coffee Chain Costa to Open Shop Next Month in Phnom Penh
The U.K.-based coffee chain Costa Coffee will join the mix of few coffee shops in Phnom Penh when it opens its first branch in Chamcar Mon district next month, representative of the international branch said yesterday. Rami Sharaf, CEO of RMA Cambodia, which represents international brands ...
http://www.cambodiadaily.com/business/coffee-chain-costa-to-open-shop-next-month-in-phnom-penh-5301/
Telecom Group Vimpelcom Hires Adviser to Help Sell Beeline
United Arab Emirates-telecoms group Vimpelcom has hired Standard Chartered to advice it on the sale of its business in Cambodia, Laos, Burundi, Zimbabwe and the Central African Republic, two people familiar with the matter said. New York-listed Vimpelcom wants to focus on its largest markets of ...
ASEAN to study new ties with six partners
ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...
Cambodia’s Rubber exports + 12%, revenues off 27% in 1st 9 months of Y 2012
Cambodia Monday reported a 12% rise in rubber latex exports in the first nine months of this year; however, revenues from the exports went down by 27% due to declining rubber prices in the international market. ...
NGOs Call for Asean Rights Document Delay
With less than two weeks until Asean leaders meet in Phnom Penh to consider approval of the region’s first human rights declaration, international NGOs yesterday urged them to postpone passing what they are calling a “deeply flawed” document. “In the current form, the [Asean Human Rights] ...
Phnom Penh Port Cargo Up 15 Percent on Last Year
The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 14.92 percent over the first 10 months of the year compared to the same period in 2011, a port official said yesterday. “We are seeing that the major imports are construction equipment ...
Hedging China risks, Japan firms turn to booming SE Asia
Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian Economic Minnow’s exports into a tailspin and dried up investment interest. Now, ...
Paddy Rice Price Fluctuates
The price of paddy rice in Cambodia’s northwestern provinces jumped to 1,500 riel from 1,350 riel per kilogram in mid-October on a lack of supply, but quickly fell to 1,360 riel. Meanwhile, the prices in the Cambodia-Vietnam border provinces rose from 1,300 riel to 1,390 ...
http://www.phnompenhpost.com/index.php/2012110659583/Business/paddy-rice-price-fluctuates.html
Cambodia, a potentially lucrative market for Vietnam
Exporting Vietnamese products to Cambodia is beneficial to both countries, however, in order to hold onto this market, Vietnamese firms must remain proactive and consistently advertise their brands and improve quality of their products and services. ...
Cambodia spends $1.22 b to buy oil in 9 months
Cambodia spent $1.22 billion to purchase petroleum from foreign suppliers in the first nine months of this year, a 18 percent rise compared with $1.03 billion it spent during the same period last year, a Commerce Ministry’s report showed Monday. ...
Ministry fires back over EU resolution
A week after the European Parliament issued a damning resolution on Cambodia’s human-rights situation and called for a revoking of trade privileges, the Ministry of Foreign Affairs has shot back. “It is essential for the EU parliament to study and better understand the situation before passing ...