Trade

Cambodia has signed a memorandum of understanding (MoU) yesterday to export 100,000 tonnes of rice per year to Indonesia. Senior Cambodian officials hope the MoU will be the impetus for attracting more investments from other ASEAN member states. The MoU was signed between Cambodia’s Minister of ...

Indonesia will soon sign a contract to import 100, 000 metric tones of rice from Cambodia over the next 5 years On his part, Hun Sen invited Indonesian Investors to invest in poor harvest businesses such as rice hulling in Cambodia ...

A pay rise for the nation’s garment workers is imminent, but if recent strikes are anything to go by, the US$10 monthly increase from September 1 won’t be enough to stop them from walking off the job. Central to the demands of strikers at four garment ...

Indonesia plans to sign an agreement to import rice from Cambodia if needed to supplement domestically produced supply, Iman Pambagyo, director general of international trade cooperation at the Trade Ministry, said on Tuesday. “The agreement will be similar with the ones Indonesia has with Thailand and ...

ASEAN needs to seek more funds from development partners to develop infrastructure and connectivity in order to narrow the gap among member states, said Prime Minister Hun Sen yesterday at the opening ceremony of the 44th ASEAN Economic Ministers meeting. The Premier said strengthening the connectivity ...

Countries in the region need to move faster to reduce the economic gaps between Asean nations if they are to successfully integrate and establish the Asean Economic Community by 2015, Prime Minister Hun Sen said yesterday. Speaking at the 44th Asean Economic Ministers’ Meeting in Siem ...

US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...

Malaysia-based GO Communications Group has acquired 100 percent of a public relations agency in Cambodia as a part of its ambitious plan to control a leading PR network in Southeast Asia, chief executive officer Michael De Kretser said In terms of foreign direct investment in Cambodia, ...

Trade between Vietnam and Cambodia exceeded US$1.9 billion (Bt60 billion) in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday The news conference coincided with Thursday’s opening of a five-day trade fair promoting high-quality Vietnamese goods and the association’s ...

Younger Southeast Asian countries will look for a means of filling the financial gap between poorer mainland ASEAN members and more developed states this week during the 44th ASEAN Economic Ministers Meeting, which kicked off today. At the five-day meeting which Prime Minister Hun Sen was ...

Rocket Internet, the successful German-based internet copycat, says that despite its interest in Cambodia’s e-commerce market, tax issues in the Kingdom had forced it to “reposition” its projects. In July, the company launched an online retail site, saying it planned to invest millions in the country’s ...

Workers striking at Ocean Garment factory say they still fear for their safety after being ordered back to work on Friday, where a manager accused of sexual harassment continues to work. More than 2,500 workers at the Phnom Penh factory – which supplies retail giant Gap ...

Cambodia’s General Department of Customs and Excise will begin certifying firms it deems trustworthy so that their products will have easier passage across the country’s borders, officials have said. The government is working on a program to provide “authorized economic operators” or “AEO” status on approved ...

More than 2,000 garment factory workers protested Saturday and plan to strike today in support of union organizers who face prosecution in court for alleged “incitement” over demonstrations at the plant, a union representative said yesterday. The workers at Ocean Garment factory began demonstrating on Aug. ...

The secong Cambodia International Textile and Garment Exhibition from August 17 to 20 aimed to boost the Kingdom’s all-important garment sector by highlighting high-tech machinery which could boost factories’ productivity and bottom lines. Over 2,700 square meters at the Diamond Island Convention and Exhibition Center, the ...

After a day sewing, treating fabrics and ironing, workers steam out of the Maurea Garment Factory in a suburb of Phnom Penh. Unilke some other factories, this one doesn’t have to deal with work slowdowns due to electricity outages of high monthly energy bills since ...

For the first time since the bourse went alive in April, no trading took place on the Cambodian Securities Exchange on Friday. The share price of the bourse’s sole listing, the Phnom Penh Water Supply Authority (PPWSA), remained flat at 6,450 riel ($1.58) at the end ...

The vision regional leaders have for an ASEAN Economic Community by 2015 may become clearer after this week’s Economic Ministers meeting in Siem Reap, but not everyone has a rose-coloured view of what such integration might mean for Cambodia. Students who have not mastered the ...

China’s Export-Import Bank officials proposed to provide loans of up to US$70 million for rice milling in an effort to aid Cambodia’s efforts to export a million tonnes of rice by 2015, government officials said yesterday. The bank’s officials visited Cambodia last week to met with Cambodian ...

Southeast Asian nations must redouble efforts to bridge development gaps which threaten the region’s efforts to create an EU-style single market, Cambodia’s prime minister said Monday. Building an ASEAN economic community by 2015 is the “top priority”, Hun Sen said as he opened the annual ...

Indonesia was involved in advanced talks in Cambodia during the late 1980s. Known as the Jakarta Informal Meeting, Indonesia was trying to help put an end to Vietnam’s invasion of Cambodia, in what some observers called the Third Indochina War (1978-91). Despite these close ties, ...

Economic ministers from the 10 ASEAN countries are meeting in Siem Reap, Cambodia on Monday to discuss the progress in regional economic integration initiatives. They will also focus on working towards establishing an ASEAN Economic Community by 2015.. ...

United States Trade Representative Ron Kirk will be in Siem Reap, Cambodia, August 30-31, to participate in the Association of Southeast Asian Nations (ASEAN) Economic Ministers’ meeting and the ASEAN-U.S. Business Summit. The ten ASEAN countries are key economic and strategic partners for the United States, ...

The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward  because this community is going smoother than other two ...