Economy and commerce
Trade
Thai business seeks openings in Cambodia
In anticipation of increasingly adverse export conditions, entrepreneurs from six northeastern provinces of Thailand are trying to strengthen ties with their counterparts here. ...
Naomi-Collett Ritz
http://www.khmertimeskh.com/news/12544/thai-business-seeks-openings-in-cambodia/
Cambodia-China trade to top $5 billion by 2017
Bilateral trade between China and Cambodia will be worth more than $5 billion by 2017, up from $3.75 billion last year, according to estimates made public by the Ministry of Commerce on Monday. ...
Tsz-kwan Ho and Kang Sothear
https://www.cambodiadaily.com/business/cambodia-china-trade-to-top-5-billion-by-2017-86222/
Daimler India exports trucks to Cambodia from Chennai facility
Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a 100 per cent wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), a Daimler Company, started exporting its DICV-made FUSO trucks to Cambodia, making it the 13th market ...
Business Standard News Staff
http://bit.ly/1K93glr
Philippines re-invites bids for 100,000 tons of rice import
The National Food Authority (NFA) of the Philippines has re-invited bids for the remaining 100,000 tons from the June 5 tender, BusinessworldOnline quoted Reuters. The NFA has reportedly invited governments of Thailand, Vietnam and Cambodia, with which the Philippines has bilateral agreements, to send their bids ...
Oryza News Staff
http://oryza.com/22917/philippines-re-invites-bids-100000-tons-rice-import
Police seize 73 tons of illegally imported sugar
Police have seized some 31 tonnes of refined sugar illegally imported from Cambodia, while investigating a rubber farm in the southeastern province of Tay Ninh’s Chau Thanh district. ...
Viet Nam News Staff
http://vietnamnews.vn/society/271758/police-seize-73-tons-of-illegally-imported-sugar.html
Asia-Pacific negotiators end talks without free trade goal
Negotiators from 16 Asia-Pacific countries ended their eighth round of talks to promote a deal that would free up their trade early Sunday, falling short of setting any ambitious goal of eliminating tariffs. ...
The Mainichi Daily News Staff
http://mainichi.jp/english/english/newsselect/news/20150614p2g00m0bu014000c.html
New draft of trade Union Law adds guilt by association
An updated version of the draft Trade Union Law gives the Labor Ministry the power to suspend unions that “cooperate” or hold joint activities with groups the government deems to have caused economic sabotage or “damaged” the national interest, according to a copy of the ...
Zsombor Peter
https://www.cambodiadaily.com/news/new-draft-of-trade-union-law-ad
Central bank seeks to promote Riel use
Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...
Cam McGrath
http://www.khmertimeskh.com/news/12117/central-bank-seeks-to-promote-riel-use/
Exports to Japan bucking the trend
Cambodia’s exports to Japan dramatically increased during in the first quarter of 2015, bucking the trend of fellow ASEAN member states who all saw a decline in shipments to Japan over the same period. ...
May Kunmakara
http://www.phnompenhpost.com/business/exports-japan-bucking-trend
Viet Nam wins Philippines' rice supply deal
Viet Nam won a bid for rice supply to the Philippines late last week, with an offer of US$410.12 per tonne, according to the Philippines’ National Food Authority (NFA). ...
Viet Nam News Staff
http://bit.ly/1T8igmp
Cambodia, Thailand eyeing over US$5 Billion in trade this year
Cambodia and Thailand are targeting to boost bilateral trade to more than US$5 billion in 2015, Vietnam News Agency (VNA) reported. In the first quarter of 2015, bilateral trade between both countries reached over US$1.6 billion. ...
Bernama News Staff
http://bit.ly/1MDvAKX
Cambodia's rice export up 64 pct in 5 months
Cambodia exported 243,025 tons of milled rice in the first five months of 2015, a 64 percent rise from the 148,262 tons over the same period last year, according to an official report on Sunday. ...
The Cambodia Herald News Staff
http://bit.ly/1KPnihX
Rights group condemns trade union draft law
The Cambodian government is trying to weather criticism over the lack of transparency concerning the proposed draft law on NGOs that is now in the hands of the National Assembly. But another important draft law regulating trade unions is being heavily criticized for violating international ...
Donald Lee
http://www.khmertimeskh.com/news/12089/rights-group-condemns-trade-union-draft-law/
Everything But Arms treaty under scrutiny after bicycle trade problems
The European Union is increasingly scrutinising abuse of its Everything But Arms treaty with Cambodia, underscoring both the importance of the zero-tariff agreement to the Kingdom’s economy and the potential for its misuse. In Cambodia’s rice sector, fears that cheap rice from neighbouring countries is ...
Charles Rollet
http://www.phnompenhpost.com/post-weekend/everything-arms-treaty-under-scrutiny-after-bicycle-trade-problems
Vietnam tops auction to supply rice to NFA
Vietnam offered Friday the lower price for the additional rice supply that the Philippines will import to increase its buffer stock for the lean season, the National Food Authority said. NFA earlier invited Cambodia, Thailand and Vietnam to supply an additional 250,000 metric tons of rice ...
Anna Leah E. Gonzales
http://bit.ly/1QgImol
Time to revisit an ASEAN-EU FTA?
On May 19, 2015, the European Union (EU) adopted a Joint Communication: The EU and ASEAN: a partnership with a strategic purpose. The communication calls for taking “trade relations with ASEAN to a different level and working towards an ambitious region-to-region free trade agreement (FTA) ...
Ji Xianbai
http://bit.ly/1AP2O8P
Vietnam export prices rise for rice sought by PHL
Vietnam, the world’s third largest rice exporter after India and Thailand, has raised by 3% the export price floor for the 25% broken rice to $350 a ton as it prepares for a tender in the Philippines, traders said. ...
Business World Online News Staff
http://bit.ly/1eOqD6G
Myanmar poses threat to Cambodian rice exports to European Union, say exporters
Cambodian rice exporters are expressing concern that the country’s rice exports to the European Union (EU) under the Everything But Arms (EBA) agreement have been facing a stiff competition from Myanmar, which also exports rice to the EU under the EBA agreement, according to local ...
Oryza News Staff
http://bit.ly/1AJVI5M
Cambodia to continue diversifying export markets - Hun Sen
Cambodia will continue to diversify its export markets, and is optimistic that investors will reap good benefits from investing in the country. Prime Minister Hun Sen said to expand its exports, the government would promote transport connectivity and the logistic systems, improve the regulatory framework and ...
Bernama News Staff
http://bit.ly/1A3ptbv
ASEAN, EU may resume free-trade talks: report
ASEAN and the European Union (EU) are set to explore the possible resumption of talks on a free-trade agreement (FTA) after the ASEAN Economic Community comes into effect this year, Malaysia’s Bernama news agency reported Sunday. ...
The Cambodia Herald News Staff
http://bit.ly/1bv0CYh
China, Cambodia further cement relations
Prime Minister Hun Sen met with Chinese President Xi Jinping on the sidelines of the 60th Asian-African Conference Commemoration in Bandung, Indonesia, on Thursday, announcing further cooperation between the two countries, local media reported Friday. ...
Sek Odom and Maria Paula Brito
https://www.cambodiadaily.com/news/china-cambodia-further-cement-relations-82669/
Cambodia to bid for Iraqi rice supply
A Cambodian rice exporter is expected to take part in an Iraqi bid for 30,000 tons of milled rice late this month, a company’s representative said Wednesday. ...
The Cambodia Herald News Staff
http://bit.ly/1yS4SM0
Cambodia’s Hun Sen slams ASEAN-splitting TPP
On April 19, the 24th World Economic Forum on East Asia kicked off in the Indonesian capital of Jakarta. One of the main events was a conversation on “East Asia in the New Global Context,” which featured two heads of state – Cambodian prime minister ...
Prashanth Parameswaran
http://bit.ly/1J4FSoA
IMF sees exports to US offsetting China slowdown
Cambodia’s economy is expected to benefit from a strong recovery in the US markets and the fall of global oil prices, driving its high growth trend, according to the International Monetary Fund’s projection for the Asia-Pacific region. ...
Kimsay Hor
http://bit.ly/1E0h3a5