Economy and commerce
Trade
Court to Summon Witnesses in Journalist's Killing
The Ratanakkiri Provincial Court will soon summon a number of people for questioning in its investigation into the brutal murder of journalist Hang Serei Odom earlier this month, a court official said yesterday. Former military police Captain An Bunheng and his wife, Sim Vy, were ...
Tobacco lost to smuggling, survey shows
Government data show that significant amounts of tobacco are being smuggled out of the country each year, health and economics experts said yesterday. A national tobacco survey from 2011, the exact numbers of which remain confidential, shows that more tobacco is produced in Cambodia than is ...
Brown rice standards are being promoted
Cambodian officials have begun to raise awareness on the forthcoming government issued standards for Cambodian milled brown rice, in an effort to guage reactions ahead of the official approval by the National Standards Board, according to officials. The official approval, aimed at promoting brown rice in ...
Inflation rises 1.3 percent
Cambodia’s consumer price index rose by 1.3 percent in July compared to a year earlier on the back of higher food and fuel prices, according to data from the National Institute of Statistics. The increase was also due to non-alcohol beverages, clothing and footwear, housing, water, ...
Border trade 'to double' under AEC
Thailand’s border trade with neighbouring countries is targeted to double to Bt2 trillion by 2015, thanks to the seamless market brought by the Asean Economic Community. “Cross-border trade continues to play a more important role for Thailand with closer economic cooperation ahead of the AEC,” Olarn ...
http://www.nationmultimedia.com/business/Border-trade-to-double-under-AEC-30190599.html
Payment demanded for journalist's death
A journalist murdered in Ratanakkiri last week took a call from his accused killer on the night of his disappearance, his family has claimed in a complaint to the rights group Adhoc. Ken Sovann, 63, the mother of slain journalist Hang Serei Oudom, whose body was found in his car in O’Chum district ...
Investigation delays final Dara hearing
The Phnom Penh Court of Appeal yesterday postponed the final hearing of disgraced anti-drug czar Moek Dara, Chea Leng and Morn Doeun until next month, citing a need for more time in light of last-minute investigations by the Banteay Meanchey Provincial Court, a court official ...
Villager efforts reveal illegal timber activities
Villagers have found more than 100 cubic metres of timber and three chainsaws in Prey Lang forest during a six-day patrol for illegal logging, community officials said yesterday. Scouring the forest on motorcycles and on foot, more than 300 villagers from four provinces found 100 cubic ...
WHO Urges Higher Taxes On Tobacco
The World Health Organization (WHO) yesterday urged Cambodia to increase taxes on cigarettes and other tobacco products-currently the lowest in the world-in order to raise revenue and deter smokers. Ayda Yurekli, coordinator of the WHO’s tobacco control economics unit, said during a workshop in Phnom Penh ...
Prey Long Forest Patrols Cut Short by Torrential Rain
Community groups have aborted their coordinated patrol of Prey Long forest in search of illegal logging because of heavy rain, a community member said yesterday. The Prey Long People’s Network had planned to continue its patrol-which began Friday and had already found at least 65 cubic ...
At ASEAN energy summit, green energy and investment were in focus
In his talk at the ASEAN energy ministers meeting held in Phnom Penh last week, Prime Minister Hun Sen emphasized the need for the ten-member bloc to work together to bolster its regional energy connectivity to meet a rapidly growing demand for energy. He also ...
Cambodia spends 1 bln USD for oil imports in 7 months
Cambodia had spent 1 billion U. S. dollars to buy petroleum from foreign suppliers in the first seven months of this year, up 22 percent from 817 million U.S. dollars at the same period a year ago, a report of the Commerce Ministry showed Saturday. The ...
Patrols in Prey Long Forest Find Signs of Illegal Logging
Community patrols of Prey Long forest by local villagers over the last few days have uncovered at least 65 cubic meters of illicitly cut timber and three chainsaws believed to belong to the illegal loggers. Soem Sean, a member of the Prey Long People’s Network, dedicated ...
Forestry Official, Reporter Arrested and Released
A forestry officer and a reporter from a little-known newspaper were arrested Friday on allegations of attempted extortion and assaulting a man they caught illegally transporting luxury timber, but were released on Saturday, military police officials said yesterday. Seng Chandaron, the chief of Sandan commune Forestry ...
Journo, forest official allegedly beat logger
A local journalist and a forestry official were arrested by military police in Kratie province’s Sambo district on Friday night for allegedly discharging a weapon into the air and beating a man with a boat oar in an extortion bid gone awry. According to district military ...
Southeast Asia smartphone growth: 78% in 12 months
Southeast Asia is a growth market for the mobile industry, with Indonesia and the Philippines being key markets for growth, particularly in smartphones, reports GfK Asia. The Southeast Asian mobile phone market is on the rise, having grown by 24% in volume in the past 12 ...
http://e27.sg/2012/09/17/southeast-asia-smartphone-growth-78-percent-12-months/
The Week at the CSX
The price of Phnom Penh Water Supply Authority stock over the Sept. 6-12 period fluctuated between KHR 6,350 (US$1.57) and KHR 6,300 (US$1.55). The price on Sept. 6, KHR 6,350, fell to KHR 6,300 (US$1.58) on Sept. 7 and remained there until climbing to KHR 6,350 ...
Cafta report card
China is encouraged by growing cooperation with Asean countries and hopes to see even more development in China-Asean trade to generate benefits for both sides. Under the China-Asean Free Trade Agreement (Cafta) that went into effect on Jan 1, 2010, more than 7,000 products are now ...
http://www.bangkokpost.com/business/news/312738/cafta-report-card
The Week at the CSX
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 ...
Officials seek to boost trade ties with Cambodia
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 ...
http://www.chinadaily.com.cn/business/2012-09/15/content_15760426.htm
Cambodia records US$1.51-B trade deficit in 7 months
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 ...
http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm
CIMBT expands intra-Asean ATM service
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 ...
http://www.bangkokpost.com/business/economics/312275/cimbt-expands-intra-asean-atm-service
Local Farmers Can't Compete With Cheap Pork
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 sees mixed bag for 2015
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 ...
http://www.thejakartapost.com/news/2012/09/13/cambodia-sees-mixed-bag-2015.html