News

Business summits set to start

16 November 2012
The Phnom Penh Post
Economy and commerce / Investment
2012 ASEAN Business and Investment Summit / ASEAN Business Advisory Council / ASEAN business and investment summit / ASEAN economic ministers / ASEAN-US Center / ASEAN’s merchandise trade / Cambodia Chamber of Commerce / CCC / domestic companies / European Union aid / FDI / foreign direct investment / Foreign Minister Hor Namhong / Intra-ASEAN investment / Intra-ASEAN trade / Investment / investment hub / Japanese aid / Kith Meng / Loran Import-Export / Ministry of Commerce / Nguon Meng Tech / People's Republic of China / Prime Minister Hun Sen / regional trade / Renewable Energy / Tourism / Trade / United States aid / Wen Jiabao

Prime Minister Hun Sen will open the 2012 ASEAN Business and Investment Summit, to run from the 17th to the 18th, in Phnom Penh tomorrow, ahead of the 21st ASEAN Summit on Monday. The summit is being held in an attempt to increase regional trade ...

http://www.phnompenhpost.com/index.php/2012111659776/Business/business-summits-set-to-start.html

Hun Sen: remove ASEAN trade barriers

31 October 2012
The Phnom Penh Post
Economy and commerce / Trade / Trade policy and regulation
AEC / ASEAN / ASEAN Economic Community / ASEAN members / development partners / Economic Development / Economics / global markets / non-tariff barriers / Prime Minister Hun Sen / regional cooperation / regional integration / regional trade / tariff barriers / Trade / trade barriers

Prime Minister Hun Sen has called for the removal of all tariff and non-tariff barriers when the ASEAN Economic Community (AEC) integrates in 2015, saying it is of central importance. Speaking at the opening of an ASEAN symposium in Phnom Penh on Tuesday, the premier said integration of ...

http://www.phnompenhpost.com/index.php/2012103159497/Business/hun-sen-remove-asean-trade-barriers.html

China's ICBC offers RMB transfers

23 October 2012
The Phnom Penh Post
Economy and commerce / Investment
ASEAN / ASEAN Clearing Electronic System / banking / CHANCES / Chinese aid / Chinese currency / Commercial Bank of China / Commercial banks / Currency / ICBC / regional development / regional trade / renminbi / RMB / Trade / Union Commercial Bank

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

Possible benefits for Cambodia in Mekong Region trade

12 October 2012
The Phnom Penh Post
Economy and commerce / Exports / Imports / Trade
ADB / Asian Development Bank (ADB) / cross-border trade / Exports / GMS / GMS Southern Economic Corridor / Greater Mekong Subregion / Infrastructure / Logistics / logistics costs / Mekong region / Ministry of Agriculture / Peter Brimble / regional development / regional trade / transport

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. ... During a media briefing yesterday, Brimble [senior country economist and author of ...

http://www.phnompenhpost.com/index.php/2012101259264/Business/cambodia-to-get-more-benefits-in-mekong-region-trade-adb.html

Vietnam trade fair to boost two economies

12 September 2012
The Phnom Penh Post
Economy and commerce / Investment / Trade
bilateral trade / Cambodia-Vietnam Investment and Trade / Diamond Island Convention and Exhibition Centre / foreign investment / foreign trade promotion / international trade / Prime Minister Hun Sen / regional trade / Trade / Vietnamese investors / Vietnamese Trade Fair

In an effort to stimulate US$5 billion in trade between Cambodia and Vietnam by 2015, the Vietnamese Trade Fair will be held at the Diamond Island Convention and Exhibition Centre from September 21 to 25. Cambodia’s Prime Minister Hun Sen and Vietnam’s Prime Minister Nguyen Tan ...

http://www.phnompenhpost.com/index.php/2012091258644/Business/vietnam-trade-fair-to-boost-two-economies.html

Deals With China Inked

22 August 2011
The Phnom Penh Post
Aid and development / Bilateral development assistance / Chinese aid / Economy and commerce / Energy / Energy policy and administration / Generation and distribution facilities / Infrastructure / Non-DAC members / Roads and bridges / Transport and shipping / Transport infrastructure and facilities
agricultural industry / agricultural produce / Agro-business company / aid / Beijing / Boeung Kak Lake / Cambodia / Cambodian resources / CamGSM / Chen Jian / Chinese companies / Chinese National Development and Reform Commission / Chinese Vice Minister of Commerce / construction / defense / Development / Eang Sophalleth / energy / environmental destruction / Erdo Hongjun Investment Company / exportation / Huawei / Hun Sen’s spokesman / Investment / investment groups / investments / irrigation / Keat Chhon / Kith Meng / Lao Meng Khin / Lao Mong Hay / Leopard Capital / memorandums / mining / Mining projects / Ministry of Economy and Finance / MOU / oil-rich territory / One-China Policy / Phnom Penh / Politburo Standing Committee / power plant projects / Prime Minister Hun Sen / regional trade / regulation / rice exports / roads / Royal Group / Satellite / Scott Lewis / South China Sea / Taiwan / telecommunications / Z-9 helicopters / Zhou Yongkang

Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...

http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html

Asean to forge ahead through global crises

11 August 2011
The Phnom Penh Post
Economy and commerce / Trade / Trade policy and regulation
ASEAN / Boediono / Cambodia / Chang Mai Initiative / Chinese aid / debt crises / Economics / energy / Europe / Exports / Food / foreign investment / free trade / GDP / Global economy / global financial crises / Indian aid / Indonesia / Indonesia Vice President / Indonesian Trade Minister / Japanese aid / labor / Laos / Mari Pangestu / Production / Recession / regional trade / rice / Singapore / South Korean aid / Southeast Asia / stock market / stock markets / Thailand / trade ministers / Unions / United States aid

Southeast Asia needs to push ahead with a regional free trade bloc and policies to cope with global financial crises, Indonesia’s government said yesterday. Indonesia’s Vice President Boediono, addressing trade ministers from the Association of Southeast Asian Nations (ASEAN), said it was evident since the ...

http://www.phnompenhpost.com/

Exports Rise, but Value of Goods Remains Weak

Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...

http://www.camnet.com.kh/cambodia.daily/