Trade

Garment industry, Cambodia’s largest income maker, reported a 24 percent rise in exports in the first ten months of 2013, according to figures of the country’s Ministry of Commerce Thursday. The figures showed that the country exported garment products in equivalent to 4.76 billion U.S. dollars ...

Muhibbah Engineering (M) Bhd and its joint venture partner has secured two contracts valued at US$87mil (RM276mil) to build and expand two airports in Cambodia. Muhibbah has a 30% stake in SCA [Societe Concessionnaire de L’Aeroport]. The duration for the Phnom Penh Airport and Siem ...

German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...

Cambodia exported 294,150 tonnes of milled rice in the first 10 months of the year, a 101 percent rise from 146,200 tonnes over the same period last year, a government data showed Tuesday. The country’s milled rice has been sold to 57 countries and regions around ...

Cambodia last year accounted for 24 percent of the overseas sales of Bacchus, an energy drink marketed by South Korea’s Dong-A ST, Korea IT Times reported Monday.  “By the year’s end, the company expects it would sell 100 million cans of Bacchus, about eight cans per ...

Cambodian and U.S. senior officials met here on Monday to further promote bilateral ties and cooperation. The meeting was made between Ouch Borith, secretary of state at the Cambodian Ministry of Foreign Affairs, and Scot Marciel, visiting principal deputy assistant to the United States Secretary of ...

Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...

The Cambodian government should construct an effective annual review system for the minimum wage to ease worker unrest, according to clothing retail giant H&M. The Swedish company’s comments came after CEO Karl-Johan Persson visited the country in mid-October, meeting Cambodia Prime Minister Hun Sen and other ...

Herbalife Ltd, a global nutrition company whose business practices are being challenged in a US court and whose marketing strategies have been the subject of public criticism, will officially open a six-storey distribution centre in Phnom Penh today, according to the New York Stock Exchange-listed ...

National insurance broking firm MGA Insurance Brokers is opening a new office in the developing market of Cambodia. The Cambodian operation was being set up as a joint venture with two local brokers, Chantol Seng and Sophat Meas, who had extensive international experience. “Cambodia has a ...

PTT Plc, Thailand’s giant oil and gas conglomerate, has renewed its concession with the Cambodian government to provide jet fuel services for another five years at airports in Phnom Penh and Siem Reap. Senior executive vice-president Auttapol Rerkpiboon said PTT will provide jet fuel service at ...

Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...

Trade and tourism between Indonesia and Cambodia is growing but the two countries can still increase cooperation in those fields, according to participants in the 7th Indonesian Trade and Tourism Promotion exhibition on Phnom Penh’s Koh Pich on Sunday. The sale of Indonesian pharmaceuticals, food products ...

Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang ...

The volume of cargo shipments going through the Sihanoukville Autonomous Port (PAS), the biggest deep-water port in Cambodia, saw a 16 per cent year-on-year increase in the first nine months of this year, data released by the port on Friday show. About 2.27 million tonnes of ...

Despite the disputed territory near Phra Viharn Temple, Thai-Cambodian border trade is still normal as 150,000 billion baht cash flow is expected by the end of 2013. According to the Thai Chamber of Commerce (TCC), border trade along the disputed area around Phra Viharn Temple ...

Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...

Danish beer giant Carlsberg, a partner in Cambodia’s largest brewery, Cambrew, said it is not concerned by a call to boycott its popular Angkor Beer brand over a partner company’s investment in a Laos dam. Ben Morton, vice president of Carlsberg’s international media relations and issues ...

Despite concerns that political uncertainty would be a drag on the economy, Cambodia’s garment exports continued on an upward trend in the first nine months of the year, the latest data show. Though volume increased, factory profit margins were squeezed due to labour disputes and demands ...

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...

More than 55,000 people have joined an online petition set up by a pair of French nongovernment groups urging the European Union (E.U.) to immediately launch an investigation into local sugar plantations accused of illegally evicting hundreds of Cambodian families. At the center of the dispute ...

Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...

Environmental groups and a local community leader in Stung Treng province have called for a nationwide boycott of the popular Angkor Beer brand to protest the beverage company’s links to a controversial hydro­power dam to be built in Laos. Laos announced earlier this month that it ...

Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...