Economy and commerce
Trade
Drought prompts calls for fish farms, imports
The prolonged drought is raising fears that domestic fish supplies will be so depleted that the Kingdom may need to start importing fish to compensate for a shortfall at markets, officials said. ...
Chea Vannak
http://www.khmertimeskh.com/news/24523/drought-prompts-calls-for-fish-farms--imports/
Korea opens market to Cambodian mangoes
Mango growers now have access to the South Korean market following an agreement signed on Friday between officials from Korea and the Ministry of Agriculture, Forestry and Fisheries. ...
Sum Mane
http://www.khmertimeskh.com/news/24424/korea-opens-market-to-cambodian-mangoes/
Cashew price jump sparks call for investment
The price of cashew nuts has jumped about 15 percent this year prompting processers and exporters to call for the government to help funnel more investment into growing the crop. ...
Sok Chan
http://www.khmertimeskh.com/news/24423/cashew-price-jump-sparks-call-for-investment/
Cambodia and EU committee talks trade
The 9th session of the Cambodia-EU Joint Committee for bilateral cooperation to ensure the smooth operation and effective implement of trade and economic relations as well as the political development between the Kingdom and the EU is underway, and set to run until tomorrow. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/24492/cambodia-and-eu-committee-talks-trade/
Massive Thai rice sell-off ‘concerning’
Thailand’s plans to sell off 11.4 million tons of its rice stockpile over the next two months is concerning Cambodia, which fears the sale will drive global prices down as the Kingdom struggles to meet its own export target. ...
May Kunmakara
http://www.khmertimeskh.com/news/24245/massive-thai-rice-sell-off----concerning---/
SEZs starting to see the light of solar energy
Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill. ...
Kali Kotoski
http://www.phnompenhpost.com/business/sezs-starting-see-light-solar-energy
CAIF hopes to put a dent in used auto market
The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately ...
Kali Kotoski
http://www.phnompenhpost.com/business/caif-hopes-put-dent-used-auto-market
Cambodia to bid for Philippines rice contract, for show
Cambodia does not expect to win the contract to supply half million tons of rice to the Philippines during the bidding process that will take place in the upcoming months, citing high production costs as the major constraint in competing with neighboring Vietnam and Thailand, ...
May Kunmakara
http://www.khmertimeskh.com/news/23965/cambodia-to-bid-for-philippines-rice-contract--for-show/
Cambodia, Laos, Vietnam discuss trade deal
Representatives from Vietnam, Laos and Cambodia gathered Monday in Vietnam’s Central Highlands Dak Lak province to discuss an agreement on trade promotion. ...
Xinhua Team
http://news.xinhuanet.com/english/2016-04/18/c_135290720.htm
VNese firms concern exporting prospects into Cambodian market
In the past years, Vietnamese products had been exported most to Cambodia among countries in the ASEAN but recently they have faced cutthroat competition from the same kinds of products in Cambodia. ...
Thuy Doan
http://www.saigon-gpdaily.com.vn/Business/2016/4/118445/
Smuggled turtles discovered in Kampong Chhnang province
A driver’s assistant has been arrested for smuggling 18 turtles hidden in mattress covers in a truck from Thailand on Saturday in Kampong Chhnang’s Toul Kralanh village, according to officials. ...
Pav Suy
http://www.khmertimeskh.com/news/23814/smuggled-turtles-discovered-in-kampong-chhnang-province/
Vinamilk keeps stake in Angkor dairy plant
Vietnamese dairy giant Vinamilk has appointed Angkor Dairy Products Co Ltd as the official distributor of Vinamilk products in Cambodia following the closure of its local representative office last month. ...
Sor Chandara
http://www.phnompenhpost.com/business/vinamilk-keeps-stake-angkor-dairy-plant
Rice exports up, but cash shortage hitting
Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...
Sok Chan
http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/
Cambodia sees gains from Obama’s Sunnylands summit
It has now been some time since the special summit between the leaders of the Association of Southeast Asian Nations (ASEAN) and U.S. President Barack Obama at Sunnylands, California, on Feb. 15-16. The meeting was the first of its kind to be held on American ...
Kimseng Men
http://www.voacambodia.com/content/cambodia-sees-gains-from-obama-sunnylands-summit/3268490.html
Mangoes exported to Europe in a first for kingdom
Mong Reththy, known as the king of agriculture in Cambodia for his role running the large Mong Reththy Group, aims to expand the Kingdom’s mango market to Europe. ...
Sum Manet
http://www.khmertimeskh.com/news/23468/mangoes-exported-to-europe-in-a-first-for-kingdom/
Kandal forestry officials find zoo inside corn truck
A truck transporting corn from Battambang to Prey Vang province was seized by forestry officials on Monday evening after hundreds of turtles and pythons were found stashed inside, according to officials. ...
Pav Suy
http://www.khmertimeskh.com/news/23350/kandal-forestry-officials-find-zoo-inside-corn-truck/
Govt: no plan to ban used car imports
The government said yesterday it had no plans to ban the import of second-hand cars, despite concerns Cambodia lags behind other ASEAN countries on the issue and over safety and consumer protection. ...
Sok Chan
http://www.khmertimeskh.com/news/23338//
Rice industry crisis taskforce to meet deputy PM
The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...
May Kunmakara
http://www.khmertimeskh.com/news/23334/rice-industry-crisis-taskforce-to-meet-deputy-pm/
Cambodia-China business forum held in Phnom Penh
Cambodia launched an economic cooperation forum here on Thursday, aimed to further promote bilateral trade, investment and tourism relations with China, officials said. ...
Xinhua Team
http://news.xinhuanet.com/english/2016-03/24/c_135220339.htm
Cambodia asks China to import more products
Prime Minister Hun Sen has asked China to import more agricultural products from Cambodia to boost bilateral trade and strengthen the relationship between the two countries. The prime minister wants to boost bilateral trade to $5 billion by 2017. ...
Chea Vannak
http://www.khmertimeskh.com/news/23185/cambodia-asks-china-to-import-more-products/
Fish exports down, income rises
Despite a decline in the amount of exports, income from the fisheries sector rose almost 30 percent last year compared with 2014. ...
Sum Manet
http://www.khmertimeskh.com/news/23124/fish-exports-down--income-rises/
Crude palm oil exports increase
Cambodia’s exports of crude palm oil have increased, though the price has declined in line with falling global prices, according to an official and a producer. ...
Sum Manet
http://www.khmertimeskh.com/news/22860/crude-palm-oil-exports-increase/
Sesame exports on the rise, official says
The Kingdom exported 9,379.29 tons of sesame last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries, with Vietnam buying the lion’s share. ...
Sum Manet
http://www.khmertimeskh.com/news/22796/sesame-exports-on-the-rise--official-says/
Sweet step forward for Kampong Speu palm sugar
Palm sugar from Kampong Speu, which has been registered for geographical indication (GI) status, is in the processing stage of being granted protected geographical indication (PGI) status in Thailand and Vietnam. This comes after Kampot pepper was recently certified as PGI in the European Union ...
Chea Vannak
http://www.khmertimeskh.com/news/22734/sweet-step-forward-for-kampong-speu-palm-sugar/