Economy and commerce
Trade
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/
Kingdom's sugar exports to EU plummet
New figures show that Cambodia’s sugar exports to the European Union fell by 94.8 per cent between 2013 and 2015, amid accusations of rights abuses and land grabbing in the Kingdom’s industry. ...
Will Jackson
http://www.phnompenhpost.com/national/kingdoms-sugar-exports-eu-plummet
ASEAN FTA with Hong Kong, China on track
Trade between Cambodia and Hong Kong is rising fast, expanding from about $1 billion in 2014 to $1.3 billion last year year, Veng Sothy, an Undersecretary of State at the Commerce Ministry, told a meeting in Siem Reap Friday. ...
Sok Chan
http://www.khmertimeskh.com/news/22681/asean-fta-with-hong-kong--china-on-track/
Firm to advise on offshore financial products
Tag Wealth International, a subsidiary of Australian financial services company Tag Group, will establish a permanent office in Phnom Penh to provide services for expatriates living in Cambodia, its director said yesterday. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/firm-advise-offshore-financial-products
Muhibbah’s profits rise on Cambodian activities
Malaysian conglomerate Muhibbah Engineering Bhd reported that revenue declined 7.5 per cent last year, but gross profit increased in part due to its stake in the company that operates Cambodia’s three international airports. ...
Post Staff
http://www.phnompenhpost.com/business/muhibbahs-profits-rise-cambodian-activities
Lao rice-export target sparks alarm
Local rice millers and exporters have responded with alarm to the rice-export target set by the Lao government of 1 million tons this year, while Cambodian rice millers and traders have yet to overcome numerous barriers hindering their competitiveness at home and abroad. ...
May Kunmakara
http://www.khmertimeskh.com/news/22477/lao-rice-export-target-sparks-alarm/
After prod, Rice Federation springs to action
The Cambodia Rice Federation (CRF) will work closely with the government to curb Vietnamese rice imports flooding the domestic market and channel more lending to domestic millers so that they can compete with rivals in neighboring countries, it said yesterday in a statement. ...
May Kunmakara
http://www.khmertimeskh.com/news/22407/after-prod--rice-federation-springs-to-action/
Claims of Cambodia outpacing VN's garment exports denied
Recently, several local newspapers reported that Cambodia surpassed Viet Nam to become the fifth largest exporter of garment and textile products to the EU. ...
Vietnam Net Team
http://english.vietnamnet.vn/fms/business/152094/claims-of-cambodia-outpacing-vn-s-garment-exports-denied.html
Revised rubber export tax scheme criticised
Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...
Sor Chandara
http://www.phnompenhpost.com/business/revised-rubber-export-tax-scheme-criticised
Cambodia’s oil imports up 64 pct in 2015
Cambodia imported 2.55 million tons of petroleum in 2015, up 64 percent from 1.55 million tons in the year before, according to the data of the Ministry of Commerce. ...
Hellenic Shipping News Team
http://www.hellenicshippingnews.com/cambodias-oil-imports-up-64-pct-in-2015/
Cambodia's Kampot pepper wins coveted EU protection
Cambodia’s Kampot pepper, a go-to spice for chefs around the world, has joined an elite group of gourmet food items whose names are protected by the European Union, joining products such as Gruyere cheese from France and Parma ham from Italy. ...
VOA Team
http://www.voacambodia.com/content/ap-cambodia-kampot-pepper-wins-coveted-eu-protection/3216204.html