សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
ពាណិជ្ជកម្ម
Strike may end if deal holds: union
Workers who have been told they have been sacked for striking at the co-owned Tai Yang and Camwell factories will forget about their seniority bonuses – for now – if they are reinstated, unions and an advocacy group said yesterday. In an attempt to end one ...
National Bank of Cambodia looks at local yuan role
Bank of China is in negotiations with Cambodia’s central bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial banks in Cambodia have launched yuan remittance and trade-settlement products. The ...
The week at the CSX August 2-8
The price of Phnom Penh Water Supply Authority stock from the period of August 2 to 8 remained very stable at KHR6,500 for most of the week after a slight increase from KHR6,400 (US$1.57) to KHR6,500 (US$1.6) on August 3. Trading volumes overall were lower ...
Cambodia Falls Short of Region's Energy Goals
Speaking to an audience of more than 150 private- and public-sector energy officials at the Second East Asia Summit Energy Efficiency Conference, officials agreed that not enough was being done to convince manufacturers and other large consumers of energy to switch to new energy efficient ...
Philip Heijmans, P. 21
http://www.cambodiadaily.com/
Small and medium enterprises prepare for ASEAN
Cambodia’s small and medium enterprises (SMEs) are busily preparing for the ASEAN Economic Community’s free flow of goods in 2015 and are probably not that different from the other 10 ASEAN member states’ own SMEs. Te Taing Por, president of the Federation of Associations for ...
Rubber price drops as exports increase
Rubber exports increased by more than 5 per cent in the first half of the year compared to the same period in 2011 as the price decreased more than 28 per cent, according to data received from Cambodia’s Ministry of Commerce. The data shows that ...
Push for trade in yuan increasing
Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...
http://www.phnompenhpost.com/index.php/2012072557593/Business/push-for-trade-in-yuan-increasing.html
Loans, deposits mirroring growth
Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...
http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html
Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012
Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year. Goods exported through the port are mostly garment products and ...
Indian envoy seeks direct flights to Cambodia
India’s Ambassador Dinesh K. Patnaik pledged Tuesday to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. ...
http://in.news.yahoo.com/indian-envoy-seeks-direct-flights-cambodia-061659956.html
New border crossing to open at Preah Vihear
Cambodia and Thailand will open another permanent border crossing between Preah Vihear province and Thailand’s Ubon Ratchathani province on Wednesday An Ses, the new permanent border crossing, is primarily used for the trade of agricultural products. Cambodian people usually import products from Thailand through the crossing, ...
REDD Forests Endangered by Loggers, Soldiers
Banteay Ampil district, Oddar Meanchey province – The families of Beng commune have new neighbors: a battalion of Royal Cambodian Armed Forces (RCAF) soldiers building a military base inside one of 13 pockets across the province aiming to be the first forest-based carbon trading scheme ...
Cassava plantings decrease
Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ...
http://www.phnompenhpost.com/index.php/2012072357551/Business/cassava-plantings-decrease.html
Trade Deficit Up 34 Percent On Last Year
Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...
Cambodia's export growth falls
Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...
http://www.phnompenhpost.com/index.php/2012072357550/Business/export-growth-falls.html
Gas Imports Grow to Nearly 1M Tons This Year
Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the Ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...
Tractor Imports From Thailand Decline
The number of agricultural tractors and power-trailers imported to Cambodia through the Poipet International Checkpoint in Banteay Meanchey province has decreased by 72 percent in the first six months of the year, compared to the same period last year, the provincial commerce department said. Thong Thyna, ...
ASEAN Post Ministerial Conference Focuses On Mutual Benefits
The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...
PM looks to counter OPEC, push rice-exporting power
Cambodia will push to finalise a rice-exporting bloc with four other regional countries by the end of the year in a bid to become the world’s “food basket”, according to the Ministry of Commerce. The group of countries including Cambodia, Vietnam, Thailand, Laos and Myanmar – ...
http://www.phnompenhpost.com/index.php/2012071957506/Business/pm-looks-to-counter-opec.html
France helps Microfinance and Hevea Sector
Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...
More water transport needed
Cambodia’s waterways go largely unused for domestic shipping, a factor hurting the competitveness of the country’s logistics and agriculture sectors, experts said yesterday. Cambodia lost ground this year in a measure of logistics performance. As rice millers and exporters push toward the 1 million-tonne rice goal ...
http://www.phnompenhpost.com/index.php/2012071857471/Business/waterways-needed.html
Cambodia’s GDP is revised
Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...
http://www.phnompenhpost.com/index.php/2012071857475/Business/cambodia-gdp-is-revised.html
Cambodia will not export rice to Philippines
After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...
Cambodia, Indonesia to Sign 100,000 Ton Rice Trade Deal in August
Cambodia will sign a rice trade Memorandum of Understanding (MoU) with Indonesia in August under which Indonesia will purchase 100,000 tons of rice from Cambodia annually. The deal is expected to boost Cambodia’s rice exports and help the country achieve its target of exporting one ...