Economy and commerce
Trade
Trade fair to cement India-Cambodia ties
In order to further promote trade between India and Cambodia, Phnom Penh will host an Indian trade fair next month, the Commerce Ministry announced. Organized in collaboration between the Indian and Cambodian chambers of commerce, the event is intended to further develop ties between businesses in ...
Chea Vannak
http://www.khmertimeskh.com/news/28743/trade-fair-to-cement-india-cambodia-ties/
Committees to tackle rice woes
The Cambodia Rice Federation (CRF) and the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday agreed to create provincial level committees to provide emergency relief to the Kingdom’s beleaguered rice sector, currently in crisis due to falling exports. ...
Sum Manet
http://www.khmertimeskh.com/news/28624/committees-to-tackle-rice-woes/
Demand for flour on the rise
Wheat products have never had a big market in Cambodia, where meals revolve around rice, but Western influences are increasingly shaping local tastes and creating an appetite for flour products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/demand-flour-rise
Rice crackers bound for China
Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ...
Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/
Cambodia asks East Timor to import rice, sugar
Cambodia is seeking to export milled rice and sugar to East Timor, according to the Ministry of Commerce, with experts saying it will expand markets for the Kingdom’s agricultural products. ...
Chea Vannak
http://www.khmertimeskh.com/news/28511/cambodia-asks-east-timor-to-import-rice--sugar/
Organic fertilizers enter Cambodia
A local wholesale company, Brightway Group Co. Ltd., and leading Thailand-based organic fertilizer manufacturer and distributor, MSK Fertilizer Co. Ltd., signed a memorandum of understanding (MoU) yesterday for the entry of non-chemical fertilizers into the Kingdom. ...
Sok Chan
http://www.khmertimeskh.com/news/28401/organic-fertilizers-enter-cambodia/
Mango exports to S. Korea stalled
In December, South Korea announced that it planned to import dried mangos from Cambodia and the news was heralded as a sign that the country’s lackluster mango export sector was improving. However, a lack of machinery in the Kingdom has meant that the South Korean ...
Chea Vannak
http://www.khmertimeskh.com/news/28400/mango-exports-to-s--korea-stalled/
Border control a concern as harvest looms
Tighter border controls by Thai authorities could result in thousands of tonnes of Cambodian agricultural goods getting stranded at the border next month when local farmers begin harvesting their crops, sources warned yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/border-control-concern-harvest-looms
Exports to Japan rise sharply
Cambodia’s total exports of garments and footwear to Japan increased sharply in the first half of the year, according to latest figures from the Japan External Trade Organization (JETRO). ...
May Kunmakara
http://www.khmertimeskh.com/news/28319/exports-to-japan-rise-sharply/
Drop in US exports seen as a wake-up call
The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of ...
Kali Kotoski
http://www.phnompenhpost.com/business/drop-us-exports-seen-wake-call
GMS cross-border pact on hold
Though all countries in the Greater Mekong Sub-region (GMS) had signed a cross-border trade agreement (CBTA) 14 years ago to enhance the sub-region’s economic connectivity, the CBTA, however, is yet to be ratified in individual Mekong nations for its full implementation. This was revealed last ...
Sok Chan
http://www.khmertimeskh.com/news/28140/gms-cross-border-pact-on-hold/
Bitter market for local coffee
The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bitter-market-local-coffee
Crude palm oil exports rise 116%
The export of crude palm oil (CPO) from agro-industrial conglomerate Mong Reththy Group reached 13,000 metric tons in the first six months this year, up a huge 116 percent compared to the same period last year. ...
Chea Vannak
http://www.khmertimeskh.com/news/27856/crude-palm-oil-exports-rise-116-/
EU asked to increase imports
The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...
Taing Vida
http://www.khmertimeskh.com/news/27825/eu-asked-to-increase-imports/
Travel-goods makers told act now or risk missing the boat
Just weeks since the United States announced it would grant new trade privileges that allow Cambodian-manufactured travel goods such as luggage and backpacks to enter the US market duty-free under its Generalised System of Preferences (GSP) scheme, a visiting American trade official hinted yesterday that ...
Kali Kotoski
http://www.phnompenhpost.com/business/travel-goods-makers-told-act-now-or-risk-missing-boat
Cambodia, Vietnam to build market on border
The Vietnamese government yesterday agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-vietnam-build-market-border
Cambodia asks UK for FTA
Cambodia’s Commerce Minister Pan Sorasak told British Ambassador Bill Longhurst he would like to see the two countries enter into a free trade agreement (FTA) as soon as possible following Britain’s decision to leave the European Union (EU). ...
Sok Chan
http://www.khmertimeskh.com/news/27684/cambodia-asks-uk-for-fta/
Exercise fad sends sales of bicycles freewheeling
With a greater number of Cambodians devoting time and money to exercise, bicycles are shedding their lowly image as a cheap means of transportation and fast becoming a symbol of the wealthier, more health-conscious elite. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/exercise-fad-sends-sales-bicycles-freewheeling
Bad meat among goods seized
More than 200kg of old meatballs were seized by the government’s Camcontrol in a crackdown on goods past their use-by dates in Pailin on Wednesday, according to the Ministry of Commerce. ...
San Bunsim
http://www.khmertimeskh.com/news/27546/bad-meat-among-goods-seized/
Insolvency looms in rice sector
The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...
Chea Vannak
http://www.khmertimeskh.com/news/27470/insolvency-looms-in-rice-sector/
Thais keep eyeing Cambodia
The Thailand government will consider tapping into 50 emerging cities, including those in Cambodia, for investment opportunities based on information provided by Japan External Trade Organization (Jetro), according to the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/27095/thais-keep-eyeing-cambodia/
Travel goods exports could soar as US drops tariffs
New trade privileges that allow Cambodian-manufactured travel goods duty-free access to the United States for the first time could see exports of these items increase by over 400 per cent in the coming years, industry experts said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/travel-goods-exports-could-soar-us-drops-tariffs
Thai blue-chip eyes Cambodia
Cambodia is one of the potential choices for a blue chip Thailand-based company’s expansion into the Asean region, according to the Bangkok Post yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/26836/thai-blue-chip-eyes-cambodia/
Thai project to benefit Cambodia
The Thai government has approved the Eastern Economic Corridor (EEC), linking the Dawei deep-sea port in Myanmar with Sihanoukville in Cambodia and Vung Tau port in Vietnam, according a report in the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/26734/thai-project-to-benefit-cambodia/