Economy and commerce
Trade
Cambodia must to strengthen its agriculture
Cambodia has accelerated its agricultural growth dramatically over the last several years, but agricultural sector in this developing country still depends on its neighboring countries. What are the reasons behind this dependence? During these past years, many businessmen, both foreign and local, are investing a large ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjBhMmRmZDM0Yjg
Italy millers slam ‘unfair’ EBA
Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...
Daniel de Carteret
http://www.phnompenhpost.com/business/italy-millers-slam-%E2%80%98unfair%E2%80%99-eba
Cambodia exports 177,928 tons of rice in January-June, 2014; up 1% from last year
Cambodia exported about 177,928 tons of rice in first half of calendar year 2014, up about 1% from about 175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-exports-177928-tons-rice-january-june-2014-1-last-year
EU ban on Cambodian fish remains in place
More than one year after its fish products were banned from Europe, the industry and government has done little to ensure it will be lifted. The ban, instituted in early 2013, has hurt potential fish exports to a potentially lucrative trade partner. But EU officials say Cambodia ...
Suy Heimkhemra
http://www.voacambodia.com/content/eu-ban-on-cambodian-fish-remains-in-place/1952962.html
Rice export target a big task
The pace of Cambodia’s rice exports are expected to slow this year. Unable to maintain the steady rate of previous years, the export volume for the first half of 2014 is much the same as it was this time last year. At the end of June, ...
Hor Kimsay
http://www.phnompenhpost.com/business/rice-export-target-big-task
Acacia chip exports to receive tax break: PM
The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...
Chan Muyhong
http://www.phnompenhpost.com/business/acacia-chip-exports-receive-tax-break-pm
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
Cambodia fears tough competition for long-grain rice exports from India
Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-fears-tough-competition-long-grain-rice-exports-india
India’s rice dump may impact local exports
With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia’s rice producers fear that any spillover into the global rice trade may impact local exports. David Van, acting secretary-general of a newly established Cambodia Rice Federation, said ...
May Kunmakara
http://www.phnompenhpost.com/business/india%E2%80%99s-rice-dump-may-impact-local-exports
Thailand says border trade rising between Surin and Oddar Meanchey
Border trade between Surin province in Thailand and Oddar Meanchey province in Cambodia is rising following military measures, the National News Bureau of Thailand said Sunday. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MDY1YTgxYjYzOTh
Surin Chamber of Commerce: Thai-Cambodia border trade surges
The Surin Chamber of Commerce has revealed that border trade between Thailand and Cambodia has risen since the National Council for Peace and Order (NCPO) launched a number of measures on politics, the economy, society, and security. ...
National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5706220010004
Cambodian, Thai companies ink deal to build 50 mln USD rice mill
Cambodia’s Soma Group and Thailand’s C.P. Intertrade on Thursday signed a joint-venture agreement to build a sophisticated rice milling and refining factory in the western Kampong Speu province of Cambodia. The deal was inked between Sok Puthyvuth, chief executive officer of Soma Group, and Prasit Damrongchietanon, ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=225245
Feed plant in Pailin to aid farmers’ stockpiles
Pailin province’s $5 million animal-feed processing plant and warehouse is to finish construction in the next three months and it is a welcomed development for the local farming community. The plant’s owner, Chea Kea, who also owns Diamond Crown casino on the border with Thailand in ...
Chan Muyhong
http://www.phnompenhpost.com/business/feed-plant-pailin-aid-farmers%E2%80%99-stockpiles
Rice piles up as exports slow
Lagging demand from foreign buyers has led to Cambodian rice being stockpiled at the country’s mills, according to the head of the country’s peak rice body. Sok Puthyvuth, president of the Cambodia Rice Federation (CRF), said that with exporters receiving fewer orders, the country’s larger rice ...
Hor Kimsay
http://www.phnompenhpost.com/business/rice-piles-exports-slow
Cambodia: Garment and textile exports grow in Q1
Despite lapses in factory safety and ongoing labour unrest, Cambodian exports of garments and textiles grew 9% in the first three months of the year. According to data from the Garment Manufacturers Association in Cambodia (GMAC), Cambodia exported US$1.17bn worth of garments and textiles between January ...
Katie Smith
http://www.just-style.com/news/garment-and-textile-exports-grow-in-q1_id122051.aspx
Gov’t continues to seek new markets
The Ministry of Commerce has vowed to uncover more markets for Cambodian products to help buffer against price fluctuations caused by the Kingdom’s dependency on neighboring countries. In a response to concerns raised on social media, Commerce Minister Sun Chanthol wrote on the ministry’s official Facebook ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-continues-seek-new-markets
H&M, ILO Form New Industrial Relations Initiative
In an effort to bring stability back to the country’s embattled but crucial garment industry, the Ministry of Labor has joined forces with the International Labor Organization (ILO) and Swedish clothing giant H&M in a campaign for unions and factories to sign direct agreements to ...
Lauren Crothers
http://www.cambodiadaily.com/news/hm-ilo-form-new-industrial-relations-initiative-61424/
Thai capital market should cater to Cambodia, Laos, Myanmar
Thailand’s capital market should aim to be a funding base for Cambodia, Laos and Myanmar to gain the full benefit from high growth in the Greater Mekong Subregion and a more integrated region through the Asean Economic Community (AEC), panellists at a Euromoney Conferences forum ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MTc2MDk3YzQ2ZTI
Italy seeks to halt EU imports of duty-free Cambodian rice: report
Italy plans to lobby the European Union to halt duty-free imports of rice from Cambodia to protect local rice growers and millers, an industry source says. In a report Thursday, oryza.com said Italy was preparing to submit a report to Brussels saying that Cambodian rice was ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjBkNGJjNWM0ZDR
Bilateral trade with Malaysia up 17.6 percent
Bilateral trade between Cambodia and Malaysia increased during the first quarter this year by 17.6 percent compared to the same period last year, a Malaysian official said Tuesday. Trade increased from $89.63 million to $105.4 million, Rasazlan Abdul Rashid, the Malaysian ambassador to Cambodia, told a ...
Kang Sothear
http://www.cambodiadaily.com/business/bilateral-trade-with-malaysia-up-17-6-percent-61078/
Back on timber patrol
When Cambodia’s most prominent forest activist, Chut Wutty, was gunned down in April 2012, the community network he created to sabotage the rampant deforestation of this vast forest fragmented. The forest patrols that he organised nearly ground to a halt. Without money to fund large-scale expeditions, ...
May Titthara and Daniel Pye
http://www.phnompenhpost.com/national/back-timber-patrol
Rolls-Royce to sell luxury automobiles in Cambodia
Fabled luxury car maker Rolls-Royce will soon be marketing its goods in one of the world’s poorest countries: Cambodia. Rolls-Royce Motor Cars announced Monday that it has joined with a Cambodian business partner to open a showroom in the Cambodian capital next month. ...
Fox News Staff
http://www.foxnews.com/leisure/2014/06/09/rolls-royce-to-sell-luxury-automobiles-in-cambodia/
Vietnam’s fish industry dominates in Cambodia
At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, men frantically scoop dark, snake-like Trey Phtok fish out of a huge steel tank and into a wicker basket. The flickering pile of tails and gaping mouths is placed on a scale and weighs ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/vietnams-fish-industry-dominates-in-cambodia-60676/
Value of imported goods from Thailand jumps 14 percent
The total value of goods imported from Thailand increased more than 14 percent in the first four months of this year compared to the same period last year, according to data released Friday by the Thai Embassy in Phnom Penh. The figures show that the total ...
Kang Sothear
http://www.cambodiadaily.com/business/value-of-imported-goods-from-thailand-jumps-14-percent-60671/