Economy and commerce
Trade
Thai insurer planning to enter Cambodia
Muang Thai Life Assurance (MTL) is planning to expand to the Cambodian market early next year, according to a report in the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/18942/thai-insurer-planning-to-enter-cambodia/
Cambodia, Thailand agree to ambitious trade goals
Prime Minister Hun Sen and his Thai counterpart, Prayuth Chan-ocha, agreed to boost bilateral trade by 300 percent—to $15 billion—by 2020 during meetings in which they also signed off on deals to open two new international border crossings and a railway line linking Phnom Penh ...
Aun Pheap
https://www.cambodiadaily.com/news/cambodia-thailand-agree-to-ambitious-trade-goals-103523/
Despite progress, draft union law has major flaws: HRW
After seven years under discussion and a series of drastic edits, the Trade Union Law is inching closer to being passed by the National Assembly. Human Rights Watch yesterday issued a statement on the latest draft of the union law, saying that while it ...
Jonathan Cox
http://www.khmertimeskh.com/news/18829/despite-progress--draft-union-law-has-major-flaws--hrw/
Cambodia's SEZ exports expected to hit 1.2 bln USD in 2015
Exports from Special Economic Zones (SEZs) in Cambodia are projected to reach about 1.2 billion U.S. dollars this year, up 87 percent year-on-year, a local English newspaper reported Tuesday, citing figures from the Commerce Ministry.Exports from SEZs totalled 672 million U.S. dollars last year. ...
Global Post News Staff
http://www.globalpost.com/article/6705473/2015/12/15/cambodias-sez-exports-expected-hit-12-bln-usd-2015
Cambodia’s 2015 goods export value up about US $4.5 billion
Cambodia’s goods exports including the garment export in 2015 increased 25 percents in value in 2015, worth more than $4.5 billion, according to Ministry of Commerce’s figure. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodia%E2%80%99s-2015-goods-export-value-up-about-us-45-billion-9106
Jiangsu province opens trade, economic office in coastal Cambodia
East China’s Jiangsu province on Wednesday opened a trade and economic representative office in the Sihanoukville Special Economic Zone (SSEZ) in southwest Cambodia, aiming to further boost trade and investment ties between the two countries. ...
Xinhua News Staff
http://www.chinadaily.com.cn/business/2015-12/10/content_22679139.htm
Cambodia fails to meet rice export target
Cambodian Prime Minister Hun Sen said Thursday that his country has failed to export its targeted 1 million tonnes of milled rice this year. The volume of exports, however, was higher than last year, as for the whole 2014 more than 370,000 tonnes of milled ...
Kyodo News Staff
http://www.bangkokpost.com/news/asean/790885/cambodia-fails-to-meet-rice-export-target
Thailand, Cambodia to open new border crossing in Sa Kaeo
The 5th Committee Joint Trade Meeting which was co-chaired by Thailand’s Commerce Minister Apiradi Tantraporn and her Cambodian counterpart, Sun Chanthol, discussed a wide range of cooperation which was mainly focused on trade and investment along the Thai-Cambodian border. ...
Thai Visa News Staff
http://news.thaivisa.com/thailand/thailand-cambodia-to-open-new-border-crossing-in-sa-kaeo/123699/
Thailand, Cambodia agree to strengthen cooperation in trade and investment
Thailand and Cambodia have agreed to strengthen ties in trade, investment, and other forms of cooperation, aiming for double-digit annual growth in bilateral trade from now on. Foreseeing the importance of human-resources development to make the Greater Mekong Subregion countries the core of the Asian ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Thailand-Cambodia-agree-to-strengthen-cooperation--30274410.html
EU, Vietnam sign free trade deal
The EU and Vietnam on Wednesday signed a free trade deal that removes nearly all tariffs between Europe and the Southeast Asian nation. EU exports to Vietnam, meanwhile, are dominated by high-tech products including electrical machinery and equipment, aircraft, vehicles and pharmaceuticals. ...
AFP News Staff
http://www.thanhniennews.com/politics/eu-vietnam-sign-free-trade-deal-55555.html
Turkish brands seek expansion in Cambodia
Turkish cosmetics brands looking to push further into the Southeast Asian market have met in the Cambodian capital, an embassy official said Wednesday. A joint economic commission was also set up that month by Cambodian Commerce Minister Sun Chanthol and Turkey’s Minister for Science, Industry ...
Lauren Crothers
http://aa.com.tr/en/turkey/turkish-brands-seek-expansion-in-cambodia/484526
Turkish cosmetics firms eye market
Representatives of 21 Turkish cosmetics and self-care brands pitched their products to wholesalers, retailers and distributors at a cluster meeting in Phnom Penh yesterday, looking to get a foothold in one of Asia’s fastest-growing consumer markets.All but one of the brands had come to Cambodia ...
Ayanna Runcie
http://www.phnompenhpost.com/business/turkish-cosmetics-firms-eye-market
Massive boost in Cambodia-Thai trade sought
Trade officials from Cambodia and Thailand will begin two days of talks in Bangkok tomorrow in an attempt to boost bilateral increase by 30 per cent per year over the next five years, including drawing more investment from third countries in special economic zones (SEZ), ...
May Kunmakara
http://www.khmertimeskh.com/news/18212/massive-boost-in-cambodia-thai-trade-sought/
Move to increase cross-border trade with Cambodia
THAILAND and Cambodia will work on strategies next month in a bid to boost bilateral trade by 30 per cent a year over the next five years, while also stimulating more investment in planned special economic zones (SEZs). ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Move-to-increase-cross-border-trade-with-Cambodia-30273937.html
Local SMEs keen to replace Thai, Vietnamese imports
Cambodian businesses are joining forces in an attempt to increase production and reduce the country’s dependence on imports. The Federation of Association for Small and Medium Enterprises of Cambodia, the Ministry of Industry and Handicraft, and the Cambodia Chamber of Commerce plan to encourage small ...
Sok Chan
http://www.khmertimeskh.com/news/18174/local-smes-keen-to-replace-thai--vietnamese-imports/
Tycoon reelected president of two chambers of commerce
Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...
Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/
In rice-exporting Vietnam, consumers growing fond of Cambodian grain
Some rice businesses in the southern province of Tien Giang have begun sourcing rice from Cambodia to distribute to Ho Chi Minh City and neighboring localities, instead of that grown in Vietnam’s Mekong Delta, known as the country’s granary.Trung, who runs a major rice firm ...
Tuoitrenews Staff
http://tuoitrenews.vn/business/31871/in-riceexporting-vietnam-consumers-growing-fond-of-cambodian-grain
PM urges US to drop tariffs
Prime Minister Hun Sen urged policymakers in Washington to expand its preferential treatment of goods imported from least-developed countries (LDCs) including Cambodia by increasing the amount of goods permitted duty- and quota-free access to the US market.“Cambodia would like to request that the US provide ...
Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/pm-urges-us-drop-tariffs
UK trade envoy pushes FDI, British brands
The United Kingdom sees Cambodia as a strategic location at the heart of a transportation network through Thailand, Vietnam and Laos to reach China and other countries in the region and the world, a senior UK trade official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17898/uk-trade-envoy-pushes-fdi--british-brands/
Unions petition against draft union law, warn of protests
Several trade unions representing some of the garment sector’s 700,000 workers petitioned lawmakers on Monday to make important changes to a controversial draft union law before passing it and warned of mass protests if they were ignored. ...
Mech Dara
https://www.cambodiadaily.com/news/unions-petition-against-draft-union-law-warn-of-protests-100508/
ASEAN integration concerns aired at grassroots event
Hundreds gathered yesterday in Phnom Penh’s Freedom Park for the fifth Cambodian Grassroots People’s Assembly, where they called for issues ranging from deforestation to democracy to be addressed ahead of ASEAN integration. ...
Pech Sotheary
http://www.phnompenhpost.com/national/asean-integration-concerns-aired-grassroots-event
Japanese FDI leads to surge in exports: analysts
Cambodia’s total exports to Japan increased sharply over the first nine months of the year compared to last year due to flows of investment from Japan to Cambodia over the last few years, analysts said. ...
May Kunmakara
http://www.khmertimeskh.com/news/17864/japanese-fdi-leads-to-surge-in-exports--analysts/
Cabinet approves draft Union law
Prime Minister Hun Sen said the government will move forward in adopting the Trade Union Law despite the absence of the opposition Cambodia National Rescue Party. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17839/cabinet-approves-draft-union-law/
Slight dip in rice yields ‘won’t affect exports’
As the harvest of wet-season rice ends this month, a report from the Ministry of Agriculture says the yield will fall slightly below the target but this will not affect exports. ...
Sok Chan
http://www.khmertimeskh.com/news/17674/slight-dip-in-rice-yields----won---t-affect-exports---/