សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម

A Commerce Ministry official yesterday denied that Cambodia was exporting luxury wood logs to China, insisting that any wood leaving the country was in a “processed” form. The China Customs data also states that each year, just under 10,000 cubic meters of “logs” and about ...

Cambodia’s branded Fast-Moving Consumer Goods (FMCGs) market might double in value to US$1 billion over the next seven years, according to Unilever Indochina. Factors influencing this are the increasing urbanization of Cambodian society and the desire for more choice, said Maks Mukundan, Unilever Indochina’s managing director. Cambodia’s open ...

Thailand has committed to supplying additional energy to provinces on the Thai-Cambodia border, an official says. Tun Lean, director of the General Energy Department at the Ministry of Industry, Mines and Energy, said on Monday its Thai counterpart would supply an additional 40 megawatts of energy. For ...

The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some ASEAN nations, particularly low-income countries such as Cambodia. A senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some ASEAN economies relying heavily ...

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...

The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th ...

Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...

The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...

Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

The Ministry of Labor on Sunday launched an educational campaign aimed at preventing further mass faintings in garment factories, a ministry official said yesterday. Meng Hong, director of the ministry’s inspection and legal affairs department, said that the campaign would target more than 30,000 garment workers ...

Education garment workers and their bosses on how to avoiding fainting is the latest strategy the Ministry of Labor is using to address a problem that has plagued the industry in the past two years, a ministry official said yesterday. Labor Ministry Secretary of State Oum Mean said he ...

Thousands of cubic meters of luxury wood is being shipped from Cambodia to China each year, according to official Chinese import documents shown to The Cambodia Daily. According to the data, some 36,000 cubic meters of logs under the “rosewood” category have been recorded entering China ...

New Zealand’s most wind-resistant outdoor umbrella range has taken the global market by storm with exports to 35 countries Shade7 is a Kiwi export success story and is run by businessmen and philanthropists David Jesze and Michael Pearce. Jesze and his wife currently live in Cambodia, where ...

After a two-year hiatus, the CamBuild, CamFood and CamHotel exhibitions are back at Diamond Island this week, starting on Wednesday and going through to Friday. Andrew Siow, director of the Kuala Lumpur-headquartered AMB Exhibitions, says the three industry shows at the same time should attract more ...

Gender inequality in education is still palpable in Cambodia, causing women to be undervalued in the workplace and their potential to be untapped, the Under Secretary of State at the Ministry of Women’s Affairs said during the celebration of the United Nations International Day of the ...

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...

The price of Phnom Penh Water Supply Authority stock over the Sept. 27- Oct. 3 period was only KHR 6,200 (US$1.54), under the IPO price of KHR 6,300 (US$1.56), for nearly the whole week. But on Oct. 3, the price rose to the IPO price again, ...

The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected “Economic projections for EAP (East Asia and Pacific) are surrounded by ...

Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...

Cambodia’s aviation regulator is imposing a royalty fee of $1,000 for almost every flight that lands at Siem Reap International Airport, a practice that airlines said is pushing up their costs, and which is also against an international aviation convention. While airline officials say the $1,000-per-landing ...

French companies are considering plans to invest in a tram system providing comfortable public transport for residents of Phnom Penh, an official said Friday Kuy Koung, spokesman for Ministry of Foreign Affairs and International Cooperation, said the project was discussed during a meeting between Foreign Minister ...