Ministry of Commerce

Gas stations around the country will be required to sell their products at a standardized price and any that overcharge will be fined, the government said yesterday. ...

The government has reached an agreement with two foreign oil companies operating in Cambodia on a proposed fuel-price mechanism, ending a two-month deadlock that has prevented it from implementing a price ceiling on gasoline sold at petrol stations across the Kingdom. ...

An additional 70 gas stations will be set up across the country by 2020 by PTT (Cambodia) Limited, a subsidiary of Thailand’s PTT oil and gas conglomerate, while retail prices will soon be regulated to reflect the fluctuations in global oil prices. ...

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. ...

About half of the country’s rice millers and exporters went out of business last year and those clinging on are likely to follow suit within two years unless the government injects capital into the sector and takes measures to curb the flood of imported rice ...

Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. ...

At the close of the three-day annual Cambodia Rice Forum, Commerce Minister Sun Chanthol on Tuesday suggested that the first-rate rice brand set to be launched on the international market this year be marketed as “Extra Premium” jasmine rice. ...

The number of ships coming through the port rose 17 percent year to year, and cruise ships rose from 25 to 36. ...

The Ministry of Commerce announced last week a $400 million proposal by three Chinese firms to build state-run rice warehousing facilities to increase the Kingdom’s storage capacity. ...

The $540 million Tatay River hydropower plant was inaugurated yesterday in Koh Kong, making it the second hydropower plant in the province after the Russei Chrum Krom River plant opened earlier this year. ...

Muang Thai Life Assurance (MTL) is planning to expand to the Cambodian market early next year, according to a report in the Bangkok Post. ...

Local manufacturers are calling for government support to help them make their products meet quality standards set by other members of ASEAN – standards they say will be the major barrier to access the regional market as the ASEAN Economic Community (AEC) kicks off at ...

Cambodian manufacturers have to improve the quality of the packaging of their goods if they want to attract investment and compete internationally, Commerce Minister Sun Chanthol said at the opening of trade show yesterday. ...

Revenue from business registration fees rose 13 percent to about $2.4 million in the first 11 months of the year over the same period last year, with 4,076 businesses registering at the Commerce Ministry compared to 3,618 in the year-ago period, the ministry said yesterday. ...

Prime Minister Hun Sen has ordered authorities around the country to “crack down” on groups involved in armed robberies following a recent crime wave that has left a number of people killed and injured. ...

Chinese Investors from Sichuan Province in Western China are seeking out investment opportunities in Cambodia, a senior official from the China Council for the Promotion of International Trade (CCPIT) Sichuan Council said yesterday at a meeting in the capital. Investment would be focused on infrastructure ...

Technological innovation is playing a critical role in the development of the country’s economy by making business operate faster, a senior official at the Ministry of Commerce told a seminar last week. ...

A new law protecting investment from Russia and Belarus will help Cambodia diversify its export markets as well as encourage more investments from Russia and Eastern Europe, Senate spokesman Mam Bun Neang said yesterday. ...

Cambodia continues to struggle to adopt a balanced approach to its energy needs, according to a report released by the World Energy Council (WEC) today. ...

Cambodia’s garment industry continued to perform “solidly” through the first half of the year, allaying fears that recent minimum wage increases would cripple one of the country’s main economic engines, according to the latest figures released by the International Labor Organization (ILO). ...

Commerce Minister Sun Chanthol told parliament Monday of plans to overhaul the current system of registering a business in Cambodia, an often slow and corrupt process, by moving the entire system online, where registration will open on December 7. ...

The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...

The Cambodia’s Ministry of Commerce on Thursday convened a meeting with eight major oil companies to urge them to slash oil prices as global prices have declined. ...

The Cambodian government will hold a meeting with gasoline companies on October 1st aiming to ask those companies to reduce the price of gasoline.​ ...