Economy and commerce
Trade
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---/
Chair of ASEAN audit board goes to Kingdom
Som Kimsour, the chairwoman of Cambodia’s National Audit Authority, was appointed to chair the ASEAN Supreme Audit Institutions (ASEANSAI), a collaborative body of public sector auditors, during a summit on Thursday in Phnom Penh, according to state media outlet AKP. ...
Igor Kossov
http://www.phnompenhpost.com/national/chair-asean-audit-board-goes-kingdom
Phone retailers ordered to pay tax on inventories
Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/phone-retailers-ordered-pay-tax-inventories
Cambodia pins economic hopes on AEC
Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...
Luke Hunt
http://www.voanews.com/content/cambodia-pins-economic-hopes-on-aec/3031723.html
Commerce minister seeks more ideas on rice export
Cambodian Commerce Minister Sun Chanthol says the country’s rice has a branding problem. With better branding, he told a group of officials at a roundtable recently, more rice would sell. ...
Sok Khemara
http://www.voacambodia.com/content/commerce-minister-seeks-more-ideas-on-rice-export/3026417.html
PM pitches ASEAN access to French investors
Prime Minister Hun Sen on Monday called for more investment from France, telling business leaders in Paris that they could access the entire region when the ASEAN Economic Community (AEC) kicks off at the end of the year. ...
May Kunmakara
http://www.khmertimeskh.com/news/17217/pm-pitches-asean-access-to-french-investors/
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
Viet Nam, Cambodia pledge to further co-operative relations
Viet Nam and Cambodia vowed to further tighten the traditional friendship and comprehensive co-operation between the two nations in response to the wishes and aspirations of the governments and people of the two nations. By the end of 2014, Viet Nam had 167 investment projects ...
Viet Nam News Staff
http://vietnamnews.vn/politics-laws/277314/viet-nam-cambodia-pledge-to-further-co-operative-relations.html
Cambodia should not focus on Trans-Pacific Partnership, analysts say
As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...
Sok Khemara
http://www.voacambodia.com/content/cambodia-should-not-focus-on-trans-pacific-partnership-analysts-say/3013799.html
PM urges greater economic integration with China
Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...
May Kunmakara
http://www.khmertimeskh.com/news/16773/pm-urges-greater-economic-integration-with-china/
E-commerce law to debut by end of year
The draft law on e-commerce is set to be completed and enacted by the end of this year, ahead of the launch of the Asean Economic Community (AEC), which begins at the end of the year, commerce officials said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/16571/e-commerce-law-to-debut-by-end-of-year/
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
US, Japan, Pacific rim nations reach massive trade deal
The United States, Japan and 10 other Pacific Rim countries reached agreement Monday on a massive free trade deal that will lower trading barriers and set commercial rules for 40 percent of the world economy. ...
Ken Bredemeier
http://www.voacambodia.com/content/us-japan-10-other-nations-reach-accord-on-massive-trade-deal/2992236.html
World Bank says Cambodia will weather China slowdown
The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-says-cambodia-will-weather-china-slowdown-96516/
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
Sor Chandara
http://www.phnompenhpost.com/business/exports-20-h1-europe-purchases
Cambodia sees 37 percent surge in rice export
Cambodia exported 369,105 tonnes of milled rice in the first nine months of 2015 — a 37 percent rise over the same period last year, according to a report on Wednesday. ...
Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-sees-37-percent-surge-in-rice-export-115093000523_1.html
China, ASEAN eyes production capacity cooperation
Zhang Ping, owner of a northeast China power technology company, described his trip to the 12th China-ASEAN Expo in the southern city of Nanning as a success. Also attending the expo, representatives from Sihanoukville special economic zone in Cambodia are seeking investment from China and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/19/c_134640721.htm
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
GMS ministers calls for the mobilization of the additional $ 30 billion fund
Cambodia and other ministers attending the 20th Greater Mekong Subregion (GMS) Ministerial Conference in Myanmar called for the mobilization of additional funding to fully implement a $30 billion pipeline of investment and technical assistance projects that will drive growth and infrastructure development in the subregion. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gms-ministers-calls-for-the-mobilization-of-the-additional--30-billion-fund-8941
Mobile options fuel insurance surge
Partnerships with mobile service providers have greatly helped insurance companies with market penetration here, insurers told Khmer Times. ...
Igor Kossov
http://www.khmertimeskh.com/news/15538/mobile-options-fuel-insurance-surge/