Economy and commerce
Trade
Cambodia expects double growth in rice exports this year: minister
Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-08/27/c_132667860.htm
Fruit Trucks Block Road In Customs Fee Protest
About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs officials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...
Hul Reaksmey
http://www.cambodiadaily.com/business/fruit-trucks-block-road-in-customs-fee-protest-40925/
New container terminal may not deliver for Cambodia
Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...
Hindu Business Line News Staff
http://www.thehindubusinessline.com/industry-and-economy/logistics/new-container-terminal-may-not-deliver-for-cambodia/article5061737.ece
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
US investors cite corruption as major issue
Though U.S.-owned businesses in Cambodia are optimistic of the country’s economy, its appeal as an investment destination lags behind most of its neighbors due to the perception of endemic corruption, a new survey of 475 senior U.S. business executives in Asean shows. The 2013-14 ASEAN Business ...
Simon Henderson
http://www.cambodiadaily.com/business/us-investors-cite-corruption-as-major-issue-40520/
Cambodian Sommeliers Head to Singapore for Regional Contest
Beer, whisky and strong, home-brewed moonshine have long been Cambodians’ favorite tipples, but with an ever-growing middle class, tastes are changing and if you’re part of the new elite, it is increasingly important to know your Pinot Gris from your Pinot Noir. To help enhance one’s ...
http://www.cambodiadaily.com/news/cambodian-sommeliers-head-to-singapore-for-regional-contest-40504/
Cambodian, Chinese top diplomats pledge to advance ties
Cambodian and Chinese top diplomats on Wednesday pledged to maintain and further heighten bilateral ties and cooperation for the mutual benefits of the two countries and peoples. The pledge came after a bilateral talk between Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong and visiting ...
http://news.xinhuanet.com/english/china/2013-08/21/c_132650650.htm
Ratch pulls out of JV for Cambodia power plant
Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...
CAMBA Business Expo Looks to Invigorate Cambodian Businesses Both Home and Abroad
The fourth annual Business and Culture Expo hosted by the Cambodian American Business Association, an event designed to bring together business owners, entrepreneurs and Cambodian community members, will be held Sunday August 25 in the parking lot of the Mark Twain Library. However, the event that ...
Kampot’s famous pepper goes global
When Him Anna started to plant pepper crops seven years ago, she would have never thought that one day it would turn into a profitable business. Today, Anna is the chief executive officer of Bright Starling Holdings Co, which owns Starling Farm Kampot Pepper. Established ...
http://www.phnompenhpost.com/business/kampot%E2%80%99s-famous-pepper-goes-global
Cambodia's rubber export up 32 pct in first half of 2013
Cambodia has seen a 32 percent rise in dry rubber exports in the first six months of the year, according to the figures of the Ministry of Commerce on Tuesday. Revenues from the exports valued at 76.5 million U.S. dollars during the first half of ...
http://news.xinhuanet.com/english/business/2013-08/20/c_132647504.htm
Cambodia to return to former glory
Kuala Lumpur (The star /ANN) — A country once torn apart by war is emerging as a key investment destination for small and medium enterprises. It was once home to a great civilization. In the 12th century, the Khmer empire was South-East Asia’s largest. Angkor was ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDRhOTI5NzA0Y2E
Toyota to import used cars
Toyota Cambodia unveiled plans yesterday to add second-hand vehicles to its showroom in response to consumer preference for less expensive cars and a competitive grey market full of unauthorised dealers. Kong Nuon, chairman of Toyota Cambodia, the country’s largest car dealer, said that while demand for ...
http://www.phnompenhpost.com/business/toyota-import-used-cars
Malaysia's Dataprep considers presence in Cambodia
Malaysian information technology service provider Dataprep Holdings Bhd is considering establishing a presence in Cambodia, the Malaysian Reserve reported Monday. “We are currently looking at increasing our presence in Indochina, ASEAN and China,” chief executive Ahmad Rizan Ibrahim was quoted as telling reporters Friday. ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjViNjdmMjg5ZTc
Fearing Unrest, Garment Workers Abandon Jobs
Phnom Penh’s garment factories are operating at a greatly reduced capacity as workers return home to the provinces in droves in response to the government’s decision to increase security after the opposition warned they plan to hold mass demonstrations against the election results. Ken Loo, secretary-general ...
http://www.cambodiadaily.com/elections/fearing-unrest-garment-workers-abandon-jobs-39842/
Cambodia to host 8th ASEAN Social Welfare Ministers meeting next month
The 8th ASEAN Ministerial Meeting for Social Welfare and Development will be held in Cambodia’s Siem Reap City from Sept. 3 to 7, according to a statement of Cambodia’s Ministry of Social Affairs released Thursday. ...
http://news.xinhuanet.com/english/world/2013-08/15/c_132633368.htm
Car Maker Mazda Opens in Cambodia
Japanese automaker Mazda opened its first showroom in Cambodia on Wednesday, making it the third foreign car company to move into the country since the beginning of the year. “Mazda starts selling in Cambodia from today,” said Chanthan Ngon, general manager of HGB Auto, the company’s ...
http://www.cambodiadaily.com/business/car-maker-mazda-opens-in-cambodia-39630/
New Zealand governor-general in cambodia to build bilateral ties
The governor-general of New Zealand, Lieutenant General Jerry Mateparae, began a four-day visit to Cambodia on Thursday at the invitation of King Norodom Sihamoni to promote bilateral relations between the two countries. “The visit reflects the priority New Zealand attaches to its relations with the ...
Simon Henderson
http://www.cambodiadaily.com/news/new-zealand-governor-general-in-cambodia-to-build-bilateral-ties-39050/
After Deadly Factory Collapse, Safety Improvements Scarce
On May 16, immediately after the ceiling of a shoe factory collapsed in Kompong Speu province, leaving two people dead, promises were made to prosecute those responsible for the tragedy and to conduct a nationwide inspection of all factories. “We will have a committee investigate clearly ...
http://www.cambodiadaily.com/news/after-deadly-factory-collapse-safety-improvements-scarce-39041/
Japanese, Cambodia trade is up 19 per cent
Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show. Cambodian exports to Japan were up 31 per cent in the first six ...
http://www.phnompenhpost.com/business/japanese-cambodia-trade-19-cent
Rail gets rice exports on move
For the first time since a railway rehabilitation project was launched in 2006, Cambodian rice is now being transported from Phnom Penh to the Sihanoukville port along the country’s southern line for export, operators Toll said on Wednesday. Speaking at the Phnom Penh cargo loading station, ...
http://www.phnompenhpost.com/business/rail-gets-rice-exports-move
Cambodia organizes int'l industrial machinery, garment exhibition
The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...
http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm
Inspections over tainted milk start in markets
Government officials began inspecting markets across the country yesterday in search of baby formula containing an ingredient from New Zealand dairy giant Fonterra that could cause botulism, quality control representatives at the Ministry of Commerce said. “We informed all our officials directly to collect nationwide some ...
http://www.phnompenhpost.com/business/inspections-over-tainted-milk-start-markets
Cambodia's trade with U.S. up 2% in first half of 2013
Bilateral trade between Cambodia and the United States has amounted to 1.44 billion U.S. dollars in the first six months of the year, up 2 percent compared with 1.41 billion U.S. dollars over the same period last year, the figures of the U.S. Department of ...
http://news.xinhuanet.com/english/business/2013-08/07/c_132610051.htm