សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Hun Sen Asks China for Loan to Build New Road
Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...
Rice exports up 2 percent over last year
Cambodia’s total export of milled rice via the single window office slightly increased by two per cent over the first nine months of this year compared to the same period last year, according to data from the Ministry of Agriculture. Speaking at the Cambodian Rice Forum ...
IMF: Cambodia’s economy expected to grow 7 pct in 2012
The International Monetary Fund (IMF) predicted Tuesday that Cambodia’s economy could grow as high as 7 percent this year, 0.8 percentage points higher than its April’s forecast of 6.2 percent. Speaking in a meeting with Cambodian Deputy Prime Minister Sok An, IMF’s Chief of Mission to ...
http://www.nzweek.com/world/imf-cambodias-economy-expected-to-grow-7-pct-in-2012-8368/
New condominium launched
A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...
New outsourcing players challenge export giants
Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...
Over 600% Growth in UAE Re-Exports to Cambodia in 2011:
The UAE’s non-oil exports to Cambodia have risen by 639 percent from 2010 to 2011, with total Emirati exports to the Asian country going up by 271 percent during which the UAE achieved a surplus in trade between the two countries of around USD 2.3 ...
Kenya eyes Cambodia's rice and flight sectors
Cambodia’s Deputy Prime Ministerand Ambassador of Kenyadiscussedan initiative to connect Phnom Penh and Nairobi through a direct flight to boost tourism and economic activities as well as the conclusion of a rice export deal ...
Cambodian farmers squeezed out
Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...
http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out
Hun Sen Announces Tax on Land Concessions
Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...
Garment industry stokes Cambodia’s political growth
Under dazzling white strip-lights, a production line of young Cambodians stitch, iron and fold their way to the day’s target of 820 two-piece children’s pajamas. These garments are destined for the shelves of Los Angeles, shop price $9.97. The workers, mostly women, start at 7:30 ...
The arrival of the ASEAN Economic Community will likely be delayed
ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...
Cambodia records 1.51 bln trade deficit in 7 months
Cambodia reported a trade deficit of 34 percent in equivalent to 1.51 billion U.S. dollars in the first seven of this year, the report of the Commerce Ministry showed on Thursday. During January-July period this year, the country’s total import and export value was 7.45 billion ...
http://www.nzweek.com/world/cambodia-records-1-51-bln-trade-deficit-in-7-months-7684/
Water Wars Feared Over Mekong
China’s dam building spree on the upper Mekong River raises new tensions over water resources Vietnamese President Truong Tan Sang obviously had China in mind when he warned recently that tensions over water resources are not only threatening economic growth but presenting a source of conflict Cambodia, ...
http://www.rfa.org/english/east-asia-beat/mekong-09302012160353.html
UAE- Lubna Al Qasimi heads Trade delegation to Cambodia and Thailand
Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade will lead a delegation on Monday to Cambodia and Thailand to discuss strengthening trade and investment ties with these countries. The delegation also included officials and representatives from national institutions and companies. ...
Cambodia's highly competitive mobile phone industry poised for change
The nation is awash with SIM cards, and that is indicative of an industry that, as most observers see it, is simply overcrowded. But [mobile phone] operators, despite their special promotions and a young population in love with phones, are finding themselves squeezed as margins ...
Meeting sets out action plan for women's economic empowerment
Poor education and a lack of skills are still major challenges for Cambodian women and a recent meeting in Phnom Penh with the Ministry of Women’s Affairs and the United Nations Development Program set out to validate an action plan on women’s economic empowerment that ...
Cambodia to levy economic land concessions tax
Cambodian Prime Minister Hun Sen on Friday ordered investors in economic land concessions (ELC) to pay tax from the sixth year of their investment in a bid to speed up their agricultural production. The premier decided that investment companies receiving ELCs must pay the land tax ...
http://news.xinhuanet.com/english/world/2012-09/28/c_131880215.htm
Alliance an advocate for industry
The executive committee of the Alliance of Rice Producers and Exporters of Cambodia, ARPEC, decided earlier this month to set up a commercial arm to help members get financing for a variety of rice-related activities. According to ARPEC secretary-general Hun Lak and deputy secretary-general David Van, ...
http://www.phnompenhpost.com/index.php/Special-Reports/alliance-an-advocate-for-industry.html
Piaggio's Vespa Scoots Back Into Phnom Penh
Vespa, the iconic Italian scooter, is now officially available for purchase in Cambodia-again. Italy-based automobile company Piaggio, in cooperation with the local Narita Group, opened the doors yesterday to the country’s first licensed Vespa dealership. The new Vespas range in price from $2,950 for the ...
Now available: certified chemical-free vegetables
In May, the first group of vegetable producers in Cambodia was certified on the basis of COrAA’s “Standards for Chemical-free Crop Production”. The 72 farmers, belonging to the Women Chemical-free vegetable-producing group of the Vegetable Supply Co-operative in Svay Rieng, have been producing healthy vegetables for ...
Rising world demand for Cambodian organic rice
Several ASEAN countries, including Cambodia, have witnessed a growing demand for organic rice that local producers cannot satisfy, according to Winfried Scheewe, adviser to the Cambodian Organic Agriculture Association (COrAA). Scheewe says demand for organic rice is on the rise, especially in the Philippines, Malaysia and Singapore, but also ...
http://www.phnompenhpost.com/index.php/Special-Reports/cambodian-organic-rice-on-demand.html
Kenya wants flights and rice imports
The Ambassador of African country Kenya, Richard Titus Ekai, told Deputy Prime Minister Sok An on Wednesday that he would like to see direct flights between Phnom Penh and Nairobi. Sok An met Kenyan Ambassador Ekai at his office to discuss the initiative regarding direct flights ...
Court Questions Unionist on Incitement Charges
The Kandal Provincial Court yesterday questioned labor leader Rong Chhun over allegations he incited garment factory workers to stage an illegal strike, a court official said. A director at the Tai Yang garment factory in Ang Snuol district- which supplies apparel to U.S. brands Levi Strauss, ...
Union boss grilled on incitement allegation
The president of the Cambodian Confederation of Unions Rong Chhun appeared in Kandal Provincial Court for nearly three hours yesterday, fielding questions stemming from accusations of incitement and defamation, the union boss said. According to Chhun, his appearance was related to a complaint alleging that he had incited ...