News
FAO Predicts Rice Crop to Match Last Year’s
The U.N.’s Food and Agriculture Organization (FAO) predicts that Cambodia’s rice crop this year will equal but not exceed last year’s record yield. In its July rice market monitor report, issued quarterly, the FAO said that weather conditions meant this year’s rice crop would not reach ...
http://www.cambodiadaily.com/business/fao-predicts-rice-crop-to-match-last-years-38297/
Kratie Floods Displace People, Damage Crops
Hundreds of hectares of farmland have been inundated by the rain-swollen Mekong River in Kratie province’s Bos Leav commune since late last week, officials said yesterday. Bos Leav commune chief Nai Khhy said seven of the commune’s eight villages are flooded affecting more than 800 ...
Rice exports already surpass last year’s total
Cambodia exported about 31,000 tonnes of rice in July, a 40 per cent seasonal increase from the average of 22,000 tonnes for first five months of this year. Official data show that Cambodia exported 207,000 tonnes from January through July, an amount surpassing the 205,000 tonnes ...
http://www.phnompenhpost.com/business/rice-exports-already-surpass-last-year%E2%80%99s-total
Floods in Northwest as Hun Sen Issues Riverbank Collapse Warning
People living along the banks of the Mekong, Bassac and Tonle Sap rivers should exercise caution in the coming days, and be particularly aware of possible riverbank collapses as water levels are rising in Stung Treng province and elsewhere in the country, Prime Minister Hun ...
Mekong residents voice their concerns
Residents living in the Mekong River basin are expressing concerns over water degradation in the Mekong river and its impact on farming, aquaculture and the livelihood of the millions of people who live in the region. People from Cambodia, Thailand and Viet Nam’s Cuu Long (Mekong) ...
http://vietnamnews.vn/society/242941/mekong-residents-voice-their-concerns.html
Initiative Encourages Private Rural Investment
Representatives from more than 90 Cambodian businesses gathered yesterday at the Council of Ministers building in Phnom Penh to hear about a new initiative that aims to encourage private sector investment in agriculture. The $55.6 million project is an extension of the Asian Development Bank’s (ADB) ...
http://www.cambodiadaily.com/business/initiative-encourages-private-rural-investment-37899/
Garlic leaves are a boon for farmer
Profitable income generation has many sources. Whether it requires work in an office, trading on the market or farming land – the outcome always depends on the innovation and effort of the individual. For Pring Leang, the sources are three small fields in Kampong Por village ...
http://www.phnompenhpost.com/business/garlic-leaves-are-boon-farmer
Cambodia keen on farming cooperation with Tien Giang
A senior Cambodian official has voiced his desire to boost agricultural cooperation with the Mekong Delta province of Tien Giang, especially in fruit farming. Tien Giang has 70,000 ha grown with various fruit trees which produce nearly 1 million tonnes a year. Working with the provincial officials ...
UK Sugar Firm Investigating Child Labor Claims
U.K. sugar firm Tate & Lyle on Wednesday said it was looking into recent allegations of child labor on two plantations in Koh Kong province it has been buying sugar from since 2010, but rebuked NGOs for not bringing the claims to its attention sooner. The ...
http://www.cambodiadaily.com/news/uk-sugar-firm-investigating-child-labor-claims-36637/
Cambodia tests 'super rice' to fortify its children
For breakfast, it’s rice. For lunch, it’s rice again, and for dinner – rice. Sometimes, Cambodian Un Koy says, her mother will prepare some beans or carrots, and on very special days even fish or pork. Across Asia, rice is the most widely consumed staple. That’s ...
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm
Malaysian motos to enter market
Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager. “[Business] will probably be launched on the first of next month,” Hay Chamreoun, the manager, said yesterday, adding that construction for the ...
http://www.phnompenhpost.com/business/malaysian-motos-enter-market
Swine imports spell the end of good fortune for farmers
Three years ago, the high prices for pig livestock inspired Chhoeurng Sarun and many other villagers in Svay Rieng province, near the Vietnam border, to go into small-scale farming. Imports coming over from the Vietnamese and Thai borders flooded the market, and prices fell. Srun ...
http://www.phnompenhpost.com/business/swine-imports-spell-end-good-fortune-farmers
Cambodia's rubber exports up 29 pct in 5 months
Cambodia reported a 29 percent rise in dry rubber exports in the first five months of 2013, but revenues from the exports rose only 4 percent due to price decline in international markets. Currently, the country has about 300,000 hectares of rubber trees, according to ...
http://www.asean-china-center.org/english/2013-07/19/c_132556398.htm#
Cambodia very lucrative for investors
Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc
Ministry to Survey Gap Between University, Jobs
The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ...
http://www.cambodiadaily.com/news/ministry-to-survey-gap-between-university-jobs-34764/
Some 1,368 new firms registered in Cambodia in H1, down 19%
The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...
http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm
Kampot pepper demand dips
Sales of Cambodia’s World Trade Organization-certified pepper from Kampot province fell to 21 tonnes at the end of this year’s harvest season, a slight decline from 22 tonnes after the end of last year’s season. Nguon Lay, president of the Kampot Pepper Association, said fast-changing ...
http://www.phnompenhpost.com/business/kampot-pepper-demand-dips
Rice husk to power agriculture
Cambodia-based SOMA Energy will construct two bio-mass power-generating plants that convert rice husks into electricity to supply Cambodian farmers working in the provinces. SOMA energy, a subsidiary of SOMA group, has invested nearly $3 million in the construction of the plants, one of which is located ...
http://www.phnompenhpost.com/business/rice-husk-power-agriculture
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
FAO sees slight decline in Cambodian rice harvest this year
Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDBmNGIwNDFiZWY
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm
Cambodia's rice exports up 125 pct in first half of 2013
Cambodia has seen a sharp rise in the exports of milled rice in the first six months of this year thanks to increasing demand on international markets, an official said Wednesday. The figures, from the single window secretariat for facilitating milled rice exports, showed that the ...
http://news.xinhuanet.com/english/business/2013-07/10/c_132529640.htm
Rising Demand Boosts Organic Rice Industry
Production of Cambodian organic rice is rising rapidly as international demand for the product increases, experts said at a forum for growers and other industry members held Tuesday at the Phnom Penh headquarters of agricultural NGO Cedac. “In the first six months of this year we’ve ...
http://www.cambodiadaily.com/business/rising-demand-boosts-organic-rice-industry-34216/