Trade

Banteay Ampil district, Oddar Meanchey province – The families of Beng commune have new neighbors: a battalion of Royal Cambodian Armed Forces (RCAF) soldiers building a military base inside one of 13 pockets across the province aiming to be the first forest-based carbon trading scheme ...

Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ...

Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...

Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...

Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the Ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...

The number of agricultural tractors and power-trailers imported to Cambodia through the Poipet International Checkpoint in Banteay Meanchey province has decreased by 72 percent in the first six months of the year, compared to the same period last year, the provincial commerce department said. Thong Thyna, ...

The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...

Cambodia will push to finalise a rice-exporting bloc with four other regional countries by the end of the year in a bid to become the world’s “food basket”, according to the Ministry of Commerce. The group of countries including Cambodia, Vietnam, Thailand, Laos and Myanmar – ...

Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...

Cambodia’s waterways go largely unused for domestic shipping, a factor hurting the competitveness of the country’s logistics and agriculture sectors, experts said yesterday. Cambodia lost ground this year in a measure of logistics performance. As rice millers and exporters push toward the 1 million-tonne rice goal ...

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...

After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...

Cambodia will sign a rice trade Memorandum of Understanding (MoU) with Indonesia in August under which Indonesia will purchase 100,000 tons of rice from Cambodia annually. The deal is expected to boost Cambodia’s rice exports and help the country achieve its target of exporting one ...

The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ...

Siem Reap City – With a host of uncertainties still hanging over the U.S. economy, more than 100 American businesses—the largest delegation to ever visit Cambodia—gathered here over the weekend, and all of them were in agreement about one thing: The slowdown in the U.S. ...

Koh Thom district, Kandal province – On a quiet stretch of road in this sleepy border town, there are some telltale signs of an unusual trade: A trail of discarded dead rats, some upturned with their paws stiff in the air, others covered with a ...

The “one community, one destiny” motto Cambodia adopted when it took over the rotating chairmanship of Asean this year could not have sounded more hollow as it did Friday when the 10-member bloc failed to produce a joint closing statement for the first time in ...

Adidas, the sportswear company, is facing an investigation over claims that Cambodian workers are being paid £10 a week in basic wages to make official merchandise for the London Olympics. It is one of the 2012 Games’ largest sponsors, believed to have invested £100 million, and ...

Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...

U.S. Secretary of State Hillary Clinton yesterday raised the issue of territorial disputes in the South China Sea with Prime Minister Hun Sen and outlined the strong focus the administration of U.S. President Barack Obama is currently placing on the Asean region, officials said. Arriving in ...

Khmer Brewery (KB), a locally owned company that produces Cambodia Beer, has made its first export to Japan, partly in response to Prime Minister Hun Sen’s call in mid-May for local food and beverage producers to push their products abroad. KB public-relations manager Sok Chantha said ...

The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago. At the day’s close, stock in PPWSA ...

Canada is willing to build close ties with Cambodia and other ASEAN member states in politics, trade and investment, said Canadian Foreign Minister John Baird on Wednesday. John said that Canada’s International Trade Minister Ed Fast will make a visit to Cambodia next month to ...

Jeremy Browne, UK foreign office minister, told officials in Cambodia during a two-day visit that despite the current problems the European Union is having with its currency union and economies, ASEAN should not be discouraged from pursuing closer economic and even political coordination within the 1.0-member bloc. Speaking at the Council of Ministers in Phnom ...