Economy and commerce
Trade
Official releases EU trade data amid spat
Cambodia exported about $3 billion worth of goods to the EU in the first nine months of last year, according to Ouch Borith, a secretary of state at the Foreign Affairs Ministry. Borith’s remarks came at the ministry’s annual meeting and were in response to a ...
Brendan O’Byrne
http://www.phnompenhpost.com/business/official-releases-eu-trade-data-amid-spat
Rubber prices in decline
The price that Cambodian rubber latex fetches overseas dropped by 10 percent since the beginning of the year, a fall that officials attribute to an oversupply of the commodity in global markets and the sluggish growth of the international economy. ...
May Kunmakara
http://www.khmertimeskh.com/50110169/rubber-prices-decline/
Industries left guessing as Cambodia fails to release customs data for 2017
When government-aligned Fresh News reported on Sunday that bilateral trade between the US and Cambodia had increased to $3.46 billion last year, up more than 8 percent from the year before, they weren’t using Cambodian government data. Nor was the state-run Agence Kampuchea Presse using government ...
Hor Kimsay
http://www.phnompenhpost.com/business/industries-left-guessing-cambodia-fails-release-customs-data-2017
Thai trade meeting to take place next week
Taking place on the 21 and 22 on this month, the JTC meeting will focus on bilateral trade promotion. On the sidelines of the meeting, investors from both countries will participate in business matching events to enhance trade ties between the two countries. ...
Sok Chan
http://www.khmertimeskh.com/50108940/thai-trade-meeting-to-take-place-next-week/
Rise in timber exports to Vietnam
The value of logs and sawn wood exported from Cambodia to Vietnam last year increased by about $31.5 million compared to 2016, customs data has shown. The Vietnamese data, obtained by Khmer Times yesterday, said about 163,071 cubic metres of Cambodian logs were imported to the ...
May Titthara
http://www.khmertimeskh.com/50107116/rise-timber-exports-vietnam/
Cambodia-Vietnam trade up 30 percent in 2017
Bilateral trade between Cambodia and Vietnam last year increased nearly 30 percent to about $3.8 billion according to Vietnamese state-run media, while Cambodia has yet to report trade statistics for most of 2017. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-vietnam-trade-30-percent-2017
Deal for yuan trade with China in works
Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead of US dollars, part of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead of using US dollars as an intermediary currency, was made by ...
Hor Kimsay
http://www.phnompenhpost.com/business/deal-yuan-trade-china-works
Việt Nam, Cambodia’s bilateral trade surged 30% in 2017
Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. Of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...
Viet Nam News
http://vietnamnews.vn/economy/422484/viet-nam-cambodias-bilateral-trade-surged-30-in-2017.html#q1s8ssWTMd4ceTep.97
Indonesia-Cambodia trade grows to $492M
Bilateral trade between Cambodia and Indonesia amounted to $492.7 million in the first 11 months of last year, a 23 percent increase compared to the same period in 2016, according to a report from an Indonesian state-run news agency. ...
Post Staff
http://www.phnompenhpost.com/business/indonesia-cambodia-trade-grows-492m
Commentary: Cambodia can no longer depend on old drivers of growth
After it graduated from least developed country status in July 2016, Cambodia’s economy has remained healthy with a GDP growth rate of 6.9 per cent in 2017. This was driven by the recovering tourism sector, the ongoing construction boom and the gradual emergence of non-textile ...
Heng Pheakdey
https://www.channelnewsasia.com/news/asiapacific/commentary-cambodia-can-no-longer-depend-on-old-drivers-of-9918992
Hun Sen seeks to bolster trade at India-Asean meet
Indian government data show that annual trade between the Cambodia and India has lagged of late, decreasing by nearly 30 percent to $141 million during the last Indian fiscal year, which ran from April 2016 to May 2017. That’s the lowest level since the 2012-2013 ...
Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/hun-sen-seeks-bolster-trade-india-asean-meet
Cambodia may be pressed by new EU palm oil regulations
New proposed rules from the European Union restricting the import of palm oil would likely affect Cambodia’s nascent palm oil sector, but the country’s main exporter is hoping that demand from India and China will cushion the blow. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodia-may-be-pressed-new-eu-palm-oil-regulations
Ministry, US body sign MoU to increase exports
The Labour Minister said he expects buyers from America to increase their orders both in the textile and footwear industry after a Memorandum of Understanding (MoU) was signed on Monday between the Ministry of Labour and the American Center for International Labor Solidarity. ...
Mom Kunthear
http://www.khmertimeskh.com/50103562/ministry-us-body-sign-mou-to-increase-exports/
Labour Ministry signs pact with US agency
The Labour Ministry is expecting American buyers to increase their orders after a memorandum of understanding between the ministry and the American Centre for International Labour Solidarity on “Cooperation in the Field of Labour” was signed. ...
Mom Kunthear
http://www.khmertimeskh.com/50103718/labour-ministry-signs-pact-with-us-agency/
Invasive fruit flies detrimental to Kingdom’s mango exports
Cambodia’s mango shipments have been routinely blocked before making it to the international market, with the Ministry of Agriculture claiming the mangoes are not of a high enough quality to meet the sanitary and phytosanitary (SPS) requirements necessary to ship outside of the Kingdom. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/invasive-fruit-flies-detrimental-kingdoms-mango-exports
New Cambodia-Vietnam market to serve as ‘model’ for growing trade ties
A new market will open on the Cambodia-Vietnam border over the next year, according to commerce ministry officials. The general goods market, launched during a groundbreaking ceremony on Tuesday in Tbong Khmum province, is being built following the conclusion of demarcation of the border in Memot ...
Hul Reaksmey
https://www.voacambodia.com/a/new-cambodia-vietnam-market-to-serve-as-model-for-growing-trade-ties/4213673.html
Rubber exports jump as smugglers siphon off profits
The total amount of rubber exported by Cambodia surged 30 percent last year, but widespread rubber smuggling on the Vietnamese border crippled potential profits from the booming industry. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-jump-smugglers-siphon-profits
Phnom Penh port’s revenue up 14 percent
Following robust growth in cargo shipments, total revenue for state-owned Phnom Penh Autonomous Port (PPAP), the second largest harbor in Cambodia, increased by 14 percent in 2017, according to the Ministry of Public Works and Transport. ...
May Kunmakara
http://www.khmertimeskh.com/50102226/phnom-penh-ports-revenue-up-14-percent/
Malaysian motorcycle maker breaks into Cambodian market
DNC Asiatic Holdings Sdn Bhd, a Malaysian manufacturer of motorcycles, will ship 25,000 units of its Demak model to the kingdom this year, in a deal worth $56 million that is part of its overseas expansion strategy. ...
May Kunmakara
http://www.khmertimeskh.com/50101598/malaysian-motorcycle-maker-breaks-cambodian-market/
China asked to buy more sugarcane from Cambodia
During a meeting with Chinese Premier Li Keqiang yesterday, Prime Minister Hun Sen asked China to increase imports of Cambodian sugarcane. The officials met in Phnom Penh’s Peace Palace yesterday. ...
Sok Chan
http://www.khmertimeskh.com/50101596/china-asked-buy-sugarcane-cambodia/
Trade with China on the upswing
Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...
May Kunmakara
http://www.khmertimeskh.com/50100171/trade-china-upswing/
China order lifts rice imports for 2017
Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/china-order-lifts-rice-imports-2017
Exports rose 19 percent: Commerce Ministry
The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/exports-rose-19-percent-commerce-ministry
SECC cuts transaction fees for derivative trades
The Securities and Exchange Commission of Cambodia (SECC) has decided to slash transaction fees on derivative trading, a move the SECC claims will help spur future trades. ...
Hor Kimsay
http://www.phnompenhpost.com/business/secc-cuts-transaction-fees-derivative-trades