សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
ពាណិជ្ជកម្ម
Thailand Urges Cambodia To Consult Asean On Nuclear Power Project
Thai Army Chief General Prayuth Chan-ocha has called on neighbouring Cambodia to consult with member countries of the Association of Southeast Asian Nations on its reported plan to develop a nuclear power project. General Prayuth said the Cambodian nuclear power project has “pros and cons” ...
Investment needed to reach rice goal: experts
More investment is needed as well as additional assistance for farmers if the government wants to meet its export goal of 1 million tons of rice a year by 2015, according to experts at a recent rice sector meeting in Phnom Penh. Participants said rice millers would need substantial access ...
Commerce Official Denies Luxury Wood 'Logs' Exported to China
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 ...
http://www.cambodiadaily.com/news/commerce-official-denies-luxury-wood-logs-exported-to-china/
Local goods market doubles
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 ...
ASEAN affected by slowdown
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 ...
EU Bike Import Shows Huge Shifts
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 ...
Ministry of Labor Launches Anti-Fainting Campaign
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 ...
Workers given lesson in how not to faint
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 ...
Cambodia's Luxury Wood Trade to China Revealed
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 ...
Kiwi Umbrella Company Conquers Global Market
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 ...
http://www.scoop.co.nz/stories/BU1210/S00309/kiwi-umbrella-company-conquers-global-market.htm
Trade show starts on Wednesday
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 ...
http://www.phnompenhpost.com/index.php/2012100859159/Business/trade-show-starts-on-wednesday.html
High Costs Cripple Trading Firms, Report Says
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 Week at the CSX: September 28-October 3
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, ...
RPT-World Bank cuts East Asia GDP outlook, flags China risks
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 ...
http://www.reuters.com/article/2012/10/08/worldbank-asia-outlook-idUSL3E8L81IN20121008
Local markets still favorite
Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...
http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html
Port more active over nine months
Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...
http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html
Buyers Laud Renewal of Industrial Relations Agreement
As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...
Men Sarun rice to China
Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...
Strikes at two factories stretch into weekend
More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...
Cambodia needs markets to export remaining 3 million tons of cassava products
Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
Cambodia's food service industry gains new player
Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...
Rice registration for different strains
In an effort to promote rice exports among Cambodian farmers, government officials said on Tuesday they will register the type of rice seed set for export and the rice seed produced for the national market. Cham Prasidh, Minister of Commerce, said on the closing of the ...
Development Bank Revises Growth Outlook
A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...