Economy and commerce
Trade
Cambodia's garment exports up 22 pct in 5 months
Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...
http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm
K-pop a boon for cosmetics shops
Kim Hyun-joong is looking at you. From a poster outside of a hair salon, from a shop window, in a TV commercial or on local social media sites, the South Korean singer and actor decorates various advertisements in Phnom Penh. But it isn’t just about his ...
http://www.phnompenhpost.com/2013062766507/Business/k-pop-a-boon-for-cosmetics-shops.html
Cambodia's foreign trade worth over 6 bln USD in 5 months
Cambodia’s trade with foreign countries amounted to 6.25 billion U.S. dollars in value in the first five months of this year, up 20 percent from the same period last year, according to statistics from the Commerce Ministry on Wednesday. During the January-May period this year, the ...
Hong Kong delegation seeks business opportunities in Cambodia
A delegation from China’s Hong Kong Special Administrative Region are currently seeking possibilities to broaden bilateral trade and investment ties in Cambodia. The delegation comprising of business executives from 24 different firms in the financial and professional services, infrastructure and real estate, garments and textiles, telecommunications, ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=Y2Y2MTQ4Zjk2YmR
Beware risk with ASEAN investment
Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...
Group Considers Complaint Against Sugar Giant
A London-based sugar trade association aiming to promote a more ethical and sustainable industry will meet early next month to consider a request from Cambodian farmers that it eject U.K.-based sugar firm Tate & Lyle from the group unless it gives them back their land. Some ...
http://www.cambodiadaily.com/news/group-considers-complaint-against-sugar-giant-32001/
Lao And Cambodian Stock Exchanges Stagnant After Two Years With A Combined Three Companies Listed
If you were given all the money in the world to invest in a stock from the stock exchanges of Laos and Cambodia, which stock would you choose? You might not actually get a lot of choices – both exchanges are stagnant two years after ...
Sophie Song
http://www.ibtimes.com/lao-cambodian-stock-exchanges-stagnant-after-two-years-combined-three-companies-listed-1320809
Cambodian Agricultural Research Center Honored
The Cambodian Center for Study and Development in Agriculture has been recognized for its contributions to Cambodians by the a group of experts at Food Tank. The US-based think tank said the center, known in Cambodia as Cedac, was responsible for higher yields in Cambodian agriculture ...
http://www.voacambodia.com/content/cambodian-agricultural-research-center-honored/1688200.html
Bets keep flowing as NagaWorld Employee Protest Continues
Gambling went on as usual at NagaWorld, Phnom Penh’s only licensed hotel-casino, Monday, despite an ongoing strike by employees who claim that more than 400 of them have been fired following weeks of protest. About 300 workers sat outside the casino with banners on Monday in ...
Hul Reaksmey and Simon Lewis
http://www.cambodiadaily.com/news/bets-keep-flowing-as-nagaworld-employee-protest-continues-31881/
Illegal cosmetics chemicals trashed
Government officials yesterday disposed of some 30 tonnes of chemical substances they said Chinese nationals had intended to sell illegally as cosmetics. Long Sreng, deputy chief of the Interior Ministry’s anti-economic crime department, said authorities seized the chemicals – some of which already were falsely packaged ...
http://www.phnompenhpost.com/2013062566459/National/illegal-cosmetics-chemicals-trashed.html
‘Thinnest’ smartphone is set for debut in Cambodia
Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...
Thai rice cuts pose problems
Thailand’s recent announcement of a 20 per cent price cut within the government rice-pledging scheme will have little impact for Cambodian exports, but farmers may feel the effects, say industry insiders. In an article published in the Bangkok Post on June 19, Thailand’s cabinet had agreed ...
http://www.phnompenhpost.com/2013062166407/Business/thai-rice-cuts-pose-problems.html
Gov’t revenues rise 11 pct
Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...
http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html
Cambodia PM says garment firms may quit over wage rows
Cambodia’s strongman Prime Minister Hun Sen on Wednesday warned garment workers that protests demanding higher wages could push manufacturers to quit the country. His appeal came after unions last week said hundreds of workers had been fired from a factory making sportswear for US giant Nike ...
Cambodia posts sharpest increase in rice output among major producers
Cambodia posted the sharpest increase in production among the world’s major rice producers between 2000 and 2010, the Food and Agricultural Organization said in a report released Wednesday. The 2013 edition of the UN agency’s Statistical Yearbook showed that Cambodia was the world’s 12th largest rice ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTRlZjk2Yzg3OTd
Discount shops attracting crowds
Two thousand five hundred – for Mom Dalin, this is more than just a random number or the price of a coffee, it is her way of making a living. The 55-year-old sits at a small desk in her son’s shop on Sihanouk Boulevard, within sight ...
http://www.phnompenhpost.com/2013062066378/Business/discount-shops-attracting-crowds.html
Thai and Cambodian trade fair on the road
In a joint effort to promote trade ties, government officials in Cambodia and Thailand have organised the first “Caravan Fair” in which producers within the neighbouring countries will showcase their products to one another. The Cambodia-Thailand Caravan Fair 2013, a travelling event starting on June 25 ...
http://www.phnompenhpost.com/2013061966350/Business/thai-and-cambodian-trade-fair-on-the-road.html
Cambodia shrugs at Gambia’s import ban
Gambia’s recent announcement that it would ban rice imports in about three years to spur local demand will only have a small impact on Cambodia, which sends a portion of its annual output to the west African country and other nations on the continent, data ...
http://www.phnompenhpost.com/2013061866317/Business/cambodia-shrugs-at-gambia-s-import-ban.html
Kingdom, Hong Kong boost ties
Economic cooperation between Cambodia and Hong Kong is on the rise, while the introduction of a new visa extension is also evidence of strengthening relations, officials say. On June 1, Cambodian officials will be able to travel to Hong Kong without a visa and stay ...
http://www.phnompenhpost.com/2013061866316/Business/kingdom-hong-kong-boost-ties.html
Cassava farmers rely on Thai seed imports
Cassava farmers in Banteay Meanchey province had to import seeds from Thailand this season in response to rapidly-changing weather conditions that interfered with seed growth. Te Haing, a cassava farmer in Banteay Meanchey who planted more than 1,000 hectares this season, told the Post yesterday that ...
http://www.phnompenhpost.com/2013061766299/Business/cassava-farmers-rely-on-thai-seed-imports.html
India seeks to enhance trade links
An Indian business delegation visiting Cambodia hopes to boost bilateral cooperation in trade, tourism and transport, officials said yesterday. Meeting with key Cambodian officials, Director General of the Indian Chamber of Commerce said the Kingdom presented many opportunities for India. ...
http://www.phnompenhpost.com/2013061466268/Business/india-seeks-to-enhance-trade-links.html
Cambodia eyes to become region's prominent gems, jewelry market
Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...
http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm
Cambodia, China's Guangxi pledge to broaden cooperation
Cambodia and China’s Guangxi Zhuang Autonomous Region on Thursday vowed to further enhance cooperation in trade, investment, and tourism for mutual benefits. The commitment was made during a meeting between Cambodian Prime Minister Hun Sen and Peng Qinghua, secretary of Guangxi Zhuang Autonomous Region’s CPC Committee, ...
http://news.xinhuanet.com/english/china/2013-06/13/c_132453081.htm
Mobile Payments Set for Phnom Penh Eateries
Diners may soon be able to leave their wallets at home the next time they decide to eat at a restaurant in Phnom Penh. Starting next week, WING, a Cambodian mobile payment service provider, will introduce a new service that allows people to pay their restaurant ...
http://www.cambodiadaily.com/business/mobile-payments-set-for-phnom-penh-eateries-30765/