Trade

The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...

A group of Chinese trade officials from South China’s Shenzhen city has been visiting Cambodia to promote the bilateral trade and investment ties. The group was led by Zhang Jinsheng, director of Shenzhen WTO Affairs Office. Addressing a Shenzhen Economic and Trade Forum on Friday afternoon, Zhang ...

Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday. During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at ...

CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed at improving service and cost efficiency as a part of the CIMB Group’s regional strategy. Executive vice-president Dusanee Klewpatinontha said Cambodia has ...

Cambodians like pork. The average Cambodian consumes almost 9.29 kg of the meat each year, and local farmers supplied about 2 million pigs, more than 90 percent of the domestic demand, in 2008. But the market for small-scale pig farmers has flown. Live pig prices have fallen ...

Cambodia expects the arrival of the ASEAN Community in 2015 to present challenges as well as opportunities for its people. Economic advisor to the Ministry of Foreign Affairs and International Cooperation Sok Siphanna believes that the ASEAN integrity will create more opportunity for Cambodia. “Cheap labor in ...

About 500 garment workers gathered in front of their factory in Kompong Speu province yesterday to protest that the factory had not paid their full salary for August, a worker representative said yesterday. The protest started on Tuesday at Sien-Atree Co. Ltd. in Samraong Tong district ...

Total investment in new construction projects reached $1.53 billion through the first  eight months of the year, a 73.96 percent improvement compared to the same period last year, according to data released yesterday by the Ministry of Land Management, Urban Planning and Construction. Though the number of permits ...

The plan to create an economic union in the Association of the Southeast Asian Nations (Asean) will likely see a delay of a year, Asean Secretary-General Surin Pitsuwan said at the meeting of the bloc’s energy ministers in Phnom Penh. During the meeting, Mr. Surin said ...

Container traffic through Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year versus the same period last year, hitting the port’s record on Tuesday. During the January-August period this year, the port had received 57,000 twenty-foot-equivalent units, or TEUs, ...

Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice ...

In parts of rural Cambodia, farmers’ primary source of income comes from harvesting rice — once a year. This is a poor outcome compared to other ASEAN countries which harvest twice or thrice a year. To help increase farmers’ income, Victor Combal-Weiss and Guillaume Virag founded ...

In an effort to stimulate US$5 billion in trade between Cambodia and Vietnam by 2015, the Vietnamese Trade Fair will be held at the Diamond Island Convention and Exhibition Centre from September 21 to 25. Cambodia’s Prime Minister Hun Sen and Vietnam’s Prime Minister Nguyen Tan ...

The president of the Free Trade Union yesterday sent a letter to the Ministry of Labour’s inspection department to monitor working conditions at M&V factories in Kampong Chhnang province, alleging excessive overtime is causing workers to faint. “They have to work both in day and night ...

Prime Minister Hun Sen opened the 30th ASEAN Ministers on Energy Meeting yesterday in Phnom Penh, where ASEAN officials will focus on ASEAN green energy and develop a plan for ASEAN’s power grid, officials said. Victor Jona, deputy director general of energy of the General Department ...

Eating rat is a common phenomenon over the border in Vietnam, but increasing numbers of Cambodians in nearby villages are adopting rodent cuisine with relish. As many as three tonnes of rats are caught every day in Cambodia and exported to Vietnam to feed a ...

Human rights monitoring groups and Cambodian activists are calling for an international boycott of Tate & Lyle and Domino Sugar, who do business with sugar suppliers accused of participating in government-sanctioned land grabs and illegal evictions throughout rural Cambodia. According to the Cambodian League for the ...

A preference for NGO and government jobs among young Cambodians was contributing to a critical labor shortage in the industrial manufacturing sector, a Labor Ministry official said yesterday. Speaking to 3,000 prospective university students on Phnom Penh’s Diamond Island, Labor Ministry Secretary of State Pich Sophoan ...

The price of imported raw silk decreased to US$44 per kilogram even as raw silk production fell off, according to industry insiders. Imported raw silk dropped 12 per cent to $44 per kilogram compared to $50 per kilogram last May. Cambodia Craft Federation CEO Soeng Kemyun, said ...

Cambodia’s total trade volume grew 15.41 percent to reach$7.46 billion in the first seven months compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Revenues earned through exports reached $2.9 billion, an increase of 11.82 percent compared to ...

Global food prices remained high in August according to the UN’s Food and Agriculture Organisation (FAO) food price index, maintaining the high level achieved last month as corn prices jumped in the US and rice prices increased in Cambodia. With 213 points in August the food ...

ASEAN senior officials on energy gathered here on Monday to discuss and prepare documents for the 30th ASEAN Ministers on Energy Meeting and related meetings to be held on Sept. 12. The two-day preparatory meeting, under the theme “ASEAN Green Connectivity”, was chaired by Tun ...

Siam Cement Group (SCG), the country’s top industrial conglomerate, says its logistics unit will cover Asean and southern China within five years, partly through mergers and acquisitions. Kan Trakulhoon, the president and chief executive, said the expansion will accommodate growing regional trade under the Asean Economic ...

Cambodia’s consumer price index (CPI) increased slightly year-on-year in July by 1.3 per cent, which was driven by increased food and fuel prices, according official data from the National Institute of Statistics (NIS). “The increase for all index groups was 1.3 per cent of inflation in July 2012 ...