High Costs Cripple Trading Firms, Report Says

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

The Week at the CSX: September 28-October 3

The price of Phnom Penh Water Supply Authority stock over the Sept. 27- Oct. 3 period was only KHR 6,200 (US$1.54), under the IPO price of KHR 6,300 (US$1.56), for nearly the whole week. But on Oct. 3, the price rose to the IPO price again, ...

http://etmcambodia.com

Local markets still favorite

Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...

http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html

Port more active over nine months

Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...

http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html

Buyers Laud Renewal of Industrial Relations Agreement

As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...

Men Sarun rice to China

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

http://www.phnompenhpost.com/index.php/2012100559116/Business/local-company-to-export-tonnes-of-rice-to-china.html

Strikes at two factories stretch into weekend

More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...

http://www.phnompenhpost.com/index.php/2012100559124/National-news/workers-strike-stretch-into-weekend.html

Cambodia needs markets to export remaining 3 million tons of cassava products

Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...

http://thesoutheastasiaweekly.com/?p=4823

Slowdown in garment exports from Cambodia

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497

Cambodia's food service industry gains new player

Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...

http://www.phnompenhpost.com/index.php/2012100459102/Business/cambodias-food-service-industry-gains-new-player.html

Development Bank Revises Growth Outlook

A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...

Striking the right balance

The number of strikes in Cambodia’s garment industry could be set to dip and workers could be on their way to free lunches after both sides of the industry signed a two-year memorandum of understanding (MoU) yesterday. The MoU – inked by the Garment Manufacturers Association (GMAC) in ...

http://www.phnompenhpost.com/index.php/2012100459107/National-news/unions-factories-deal-to-curb-walkouts.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

Belarus plans to open tractor factory in Cambodia

visiting Prima Vitlay, vice minister of industry of Belarus today met with deputy prime minister and finance minister of Cambodia, Keat Chhon, here to expand cooperation and trade ties between two countries. Prima told finance minister: “his country schedules to open a tractor factory in Cambodia ...

http://thesoutheastasiaweekly.com/?p=4835

Cargo at Phnom Penh Port Jumps 15.24 Percent

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port has increased 15.24 percent through the first nine months of this year, compared to the same period last year, a port official said yesterday. Hei Bavy, general director of the Phnom Penh Autonomous Port, ...

Cambodia set to produce halal food

Cambodia is being considered as a site for halal food production and rice milling by the United Arab Emirates, according to the UAE’s Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi yesterday. Speaking during an official meeting with Prime Minister Hun Sen at the Peace ...

http://www.phnompenhpost.com/index.php/2012100359052/Business/cambodia-set-to-produce-halal-food.html

Report Shows Advanced Illegal Timber Trade

Cambodia is among the tropical countries whose forests are being cleared using increasingly advanced methods to feed a growing global trade in illegal timber worth at least $30 billion a year, according to a new report. The report, Green carbon, black trade, a joint effort by ...

Rice Exports Increases Two Percent

Cambodia’s total milled rice exports increased just two percent to 131,064 tons over the first nine months of this year in comparison to the same period last year, according to data released from the Ministry of Agriculture ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=90

Garment Exports to EU Catching Up With US

The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.S. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ...

Investment Needed to Reach Rice Export Target

Cambodia exported just 78,000 tons of milled rice through the first eight months of 2012, and if the government is to reach its target of exporting 1 million tons each year by 2015 the agriculture sector needs more access to financing, participants at the Cambodian ...

Emirates ask for more rice

As part of its plan to become of the world’s top exporters of rice, Cambodia is looking to increase its rice shipments to the United Arab Emirates, one of the world’s main milled rice importers. Cham Prasidh, Minister of Commerce, met with delegates and businessmen led ...

http://www.phnompenhpost.com/index.php/2012100259035/Business/uae-asks-for-more-rice.html

Rice exports up 2 percent over last year

Cambodia’s total export of milled rice via the single window office slightly increased by two per cent over the first nine months of this year compared to the same period last year, according to data from the Ministry of Agriculture. Speaking at the Cambodian Rice Forum ...

http://www.phnompenhpost.com/index.php/2012100259022/Business/rice-exports-up-2-per-cent-over-last-year.html

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