Trade

Imports

Cambodia's customs officials urge importers to pay "tax fees, not pay bribe"

Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/14/c_132886796.htm

Californian Winery Enters Cambodian Market

California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/

Phnom Penh Port Says City Center Ban on Trucks Hurting Exports

The Phnom Penh Autonomous Port has requested that City Hall reduce the length of its daily ban forbidding container trucks from traveling on Phnom Penh roads between 5 a.m. and 9 p.m. because cargo is unable to reach the port, resulting in a decrease in ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-port-says-city-center-ban-on-trucks-hurting-exports-46759/

Sales of Korean energy drink explode in Cambodia

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 ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZWU4YTU1NzlhMTM

Herbalife to operate in capital

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 ...

Daniel de Carteret
http://www.phnompenhpost.com/business/herbalife-operate-capital

Cargo shipments up 16 pct

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 ...

May Kunmakara
http://www.phnompenhpost.com/business/cargo-shipments-16-pct

Cambodia sees 1.48 bln USD trade deficit in 9 months

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 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm

Cambodia's city port sees 20 pct rise in shipment in 9 months

Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...

Global Times News Staff
http://www.globaltimes.cn/content/818818.shtml#.UmSot_nTxe8

Mercedes-Benz Distributor to Halt Repairs on Illegal Imports

Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...

Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/

Cambodia's trade with Japan up 24 pct in 8 months

The two-way trade between Cambodia and Japan has hit $503 million in the first eight months this year, up 24 percent over the same period last year, the figures from the Japan External Trade Organization said Tuesday. Cambodian exports to Japan rose 39 percent to $358 ...

Global Times Staff
http://www.globaltimes.cn/content/816224.shtml#.UlS3adKBmN8

First hedging deal transacted

ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...

Daniel de Carteret
http://www.phnompenhpost.com/business/first-hedging-deal-transacted

Cambodia's rice exports up 107 pct in 8 months

Cambodia has seen a remarkable rise in the exports of milled rice in the first eight months of the year due to increasing demand on international markets, official figures showed Wednesday. The data, from the single window secretariat for facilitating milled rice exports, recorded that the ...

Xinhuanet News Staf
http://news.xinhuanet.com/english/world/2013-09/18/c_132731824.htm

Cambodia reports 1.41 bln USD trade deficit in first eight months

Cambodia has witnessed a trade deficit of 1.41 billion U.S. dollars in the first eight months of the year, according to figures from the Ministry of Commerce on Monday. The country’s total import and export volume was valued at 10.45 billion U.S. dollars during the January-August ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/16/c_132725537.htm

Tata moves in on agriculture

India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector. Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), ...

Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture

Damage control for Dumex

While New Zealand dairy giant Fonterra is working overtime to restore its damaged brand in the wake of a contaminated baby milk scare that triggered a global recall, local distributors whose products included the suspect ingredient are defending their own reputations. Local supplier Dumex Cambodia ...

Daniel de Carteret
http://www.phnompenhpost.com/business/damage-control-dumex

Sales of large home appliances rise 20 pct

Cambodian consumer spending on major domestic appliances such as air conditioners, refrigerators, washing machines and microwave ovens, saw a roughly 22 per cent year-on-year increase over the first six months of 2013, according to Germany-based research institute GfK. The rise comes alongside a 20 per cent ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/sales-large-home-appliances-rise-20-pct

Cambodia-U.S. Bilateral Trade Increases

In the first seven months of this year, the bilateral trade between Cambodia and the U.S. has reached some US$1.7 billion, up by 3.5 percent if compared to the same period in the previous year, according to the U.S. Trade Department’s figures. ...

Neou
http://www.akp.gov.kh/?p=36117

Kubota enters Cambodia

Siam Kubota Corporation (SKC), a leading farm truck maker, has partnered with Group Lease to enter the agriculture machine market in Cambodia. Mitsuji Konoshita, chief executive of Group Lease, said the partnership with SKC is a bid to extend leasing service to Kubota’s clients in ...

Nuntawun Polkuamdee
http://www.bangkokpost.com/news/asia/368267/kubota-enters-cambodia

Vietnam Plans to Add Border Gates Along Border With Cambodia

Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations. Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven ...

Nguyen Pham Muoi
http://blogs.wsj.com/searealtime/2013/08/29/vietnam-plans-to-add-border-gates-along-border-with-cambodia/

Drop-off in beverage imports questioned

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned

Cambodia's inflation stands at 2.9 pct in first half of 2013: central bank

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/28/c_132670860.htm

A rare delicacy hard to sell

Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...

Rann Reuy
http://www.phnompenhpost.com/business/rare-delicacy-hard-sell

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