News
Kingdom’s crafts can be hit in Korea
Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...
http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea
Cambodia's trade with S. Korea up 12% in 5 months
Bilateral trade between Cambodia and South Korea has reached 329 million U.S. dollars in the first five months of this year, up 12 percent over the same period last year, showed the latest figures from the Korea Trade- Investment Promotion Agency to Phnom Penh on ...
http://news.xinhuanet.com/english/business/2013-07/17/c_132549530.htm
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
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
Congressional Hearing in US Pushes Cut to Cambodian Aid
At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcommittee ...
http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/
Korea trade nears $1 billion
Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...
http://www.phnompenhpost.com/business/korea-trade-nears-1-billion
Cambodia Receives 1.79 Million Foreign Tourists In First Five Months
Cambodia attracted 1.79 million foreign visitors in the first five months of the year, up 19 per cent over the previous year. From January to May, Vietnam remains the main source of visitors with 341,000 tourists, up 11 per cent year-on-year, followed by South Korea with ...
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=962064
Cambodia's Angkor Wat earns 30 mln USD per annum from ticket sales
Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...
http://www.asean-china-center.org/english/2013-07/08/c_132522594.htm
Brunei inks deal to buy Cambodian jasmine rice
The government of Brunei on Saturday signed a one-year contract to purchase 3,000 tons of jasmine or fragrant rice from Cambodia, the first such deal reached by the two Asian nations. The deal was inked between Pg Haji Mohd Noordin B PLP Pg Haji Mohd Said, ...
http://news.xinhuanet.com/english/business/2013-07/06/c_132517759.htm
Cambodia, S. Korea to sign loan agreement
South Korea will soon give a four year loan package worth $200 million for dam and road projects, according to Cambodian Ministry of Foreign Affairs on Friday. The loan will be utilized to repair three national road lines as well as rural roads in nine ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTUzZGE4MTQxOWF
Foreign investment rises 73 pct
A mid [sic] global economic fragility, foreign direct investment (FDI) in Cambodia grew a whopping 73 per cent in 2012 from the year before, a huge increase helping to fuel a record-setting amount of money pouring into least developed countries, according to the United Nations ...
http://www.phnompenhpost.com/2013070166579/Business/foreign-investment-rises-73-pct.html
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 ...
Airline will offer more China trips
Cambodia Angkor Air plans to launch chartered flights between Siem Reap and the southeastern coastal Chinese city of Xiamen next month. The national flag carrier plans to take off for China for the first time on July 11, CAA Chairman Tek Reth Samrach said yesterday, the ...
Anne Renzenbrink
http://www.phnompenhpost.com/2013062566453/Business/airline-will-offer-more-china-trips.html
Skyscraper’s woes continue
The saga of the stalled $240 million Gold Tower 42 was revived last week when it emerged that a supplier for the project had accused the owner and builder of failing to pay out nearly $500,000 in fees, according to an injunction request obtained by ...
http://www.phnompenhpost.com/2013061866319/Business/skyscraper-s-woes-continue.html
Cambodia and S Korea aid workers
Cambodia and South Korea signed a memorandum of understanding yesterday, agreeing to work together to ensure worker protection. Last month, a Kampong Speu shoe factory collapse killed two workers. The incident inspired the Ministry of Labour to implement a Health and Safety Network for workers here ...
http://www.phnompenhpost.com/2013061266215/National/cambodia-and-s-korea-aid-workers.html
New Siem Reap health centre to be a boon for mothers, babies
With the promise of better care for both mother and baby during labour, the Maternal Child Medical Centre was inaugurated yesterday at the Siem Reap Provincial Hospital. The inauguration was presided over by Deputy Prime Minister Tea Banh, who said the centre was the first of ...
Cambodia’s garment exports grow 17.5% in Jan-March’13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Last year, Cambodia exported apparels worth US$ 4.61 billion, ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951
Cambodia’s garment industry expanding
Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...
http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html
Cambodia Carrier on Track with New Flights
Cambodia Angkor Air will launch routes to China and the South Korean city of Seoul by August while it eyes additional destinations to Singapore and Malaysia, according to a senior official with the country’s national carrier. “Singapore is a hub for Asia, so we have ...
http://www.phnompenhpost.com/2013060466030/Business/cambodia-carrier-on-track-with-new-flights.html
Cambodia's trade with foreign countries up 25 pct in four months
Cambodia’s trade volume with foreign countries had reached 5.12 billion U.S. dollars in the first four months of this year, a 25 percent rise compared with 4.1 billion U.S. dollars over the same period last year, according to a report from the Ministry of Commerce’s ...
http://news.xinhuanet.com/english/world/2013-05/30/c_132419210.htm
Samsung pushes for 30 stores in Kingdom
Samsung plans to more than quadruple its number of stores – currently seven – in the Kingdom, aiming to have 30 branches by the end of this year. The move will extend its lead as the electronic brand with the most stores here, and comes as ...
http://www.phnompenhpost.com/2013052865864/Business/samsung-pushes-for-30-stores-in-kingdom.html
Cambodia sends 4,779 laborers abroad in Q1
Cambodia has dispatched 4,779 workers to Thailand, South Korea and Japan in the first three months of this year, according to a report from the Ministry of Labor on Friday. During the January-March period this year, the country sent 4, 100 workers to Thailand, 678 workers ...