Workers asked to stay calm amid protest rumors

Cambodia’s Social Affairs Minister urged factory workers, employers and the public not to be concerned regarding the rumors of disorder and planned protests after the country’s recent parliamentary election. He appealed to all factories and enterprises within the country to proceed as normal. “The Cambodian government ...

http://www.thecambodiaherald.com/cambodia/index/1

Credit at Cambodia's banks grows by 5.4 pct in first half

Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...

http://news.xinhuanet.com/english/business/2013-08/05/c_132603705.htm

FAO Predicts Rice Crop to Match Last Year’s

The U.N.’s Food and Agriculture Organization (FAO) predicts that Cambodia’s rice crop this year will equal but not exceed last year’s record yield. In its July rice market monitor report, issued quarterly, the FAO said that weather conditions meant this year’s rice crop would not reach ...

http://www.cambodiadaily.com/business/fao-predicts-rice-crop-to-match-last-years-38297/

Cambodian rubber earnings fall

Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...

http://www.phnompenhpost.com/business/cambodian-rubber-earnings-fall

New Chinese envoy pledges to further enhance ties with Cambodia

Newly-designated Ambassador of China to Cambodia Bu Jianguo on Thursday vowed to help further deepen all rounds of cooperation with Cambodia for the benefits [sic] of the two countries and peoples. Paying a courtesy call on Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong, Bu ...

http://news.xinhuanet.com/english/china/2013-07/25/c_132573145.htm

Workers paid out on doorstop of election

A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...

http://www.phnompenhpost.com/national/workers-paid-out-doorstop-election

UK Sugar Firm Investigating Child Labor Claims

U.K. sugar firm Tate & Lyle on Wednesday said it was looking into recent allegations of child labor on two plantations in Koh Kong province it has been buying sugar from since 2010, but rebuked NGOs for not bringing the claims to its attention sooner. The ...

http://www.cambodiadaily.com/news/uk-sugar-firm-investigating-child-labor-claims-36637/

Cambodia predicts 7.6 percent GDP growth in 2013

Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...

http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm

Timing of stats questioned

For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...

http://www.phnompenhpost.com/business/timing-stats-questioned

Bamboo crafts furnish an income

Prior to 2009, Kong Channa, a rice farmer from Svay Rieng province, would leave his wife and young child for months at a time in neighbouring provinces to supplement his income in the off season. This all changed, though, when he began working with the Cambodian ...

http://The Phnom Penh Post.com

Swine imports spell the end of good fortune for farmers

Three years ago, the high prices for pig livestock inspired Chhoeurng Sarun and many other villagers in Svay Rieng province, near the Vietnam border, to go into small-scale farming. Imports coming over from the Vietnamese and Thai borders flooded the market, and prices fell. Srun ...

http://www.phnompenhpost.com/business/swine-imports-spell-end-good-fortune-farmers

Cambodia sees gold price dip

Gold prices in Cambodia are down about 27 per cent from January through June, according to the Ministry of Commerce. Gold trade changed little yesterday after the biggest drop in almost two weeks in response to the US Federal Reserve Chairman Ben S Bernanke’s comments ...

http://www.phnompenhpost.com/business/cambodia-sees-gold-price-dip

Ethical Sugar Group Suspends Tate & Lyle Over Plantations

An international group that promotes the ethical sourcing of sugar for the food and energy industries has suspended the membership of U.K. sugar giant Tate & Lyle for failing to answer complaints that it was buying from Cambodian plantations accused of stealing land from local ...

http://www.cambodiadaily.com/news/ethical-sugar-group-suspends-tate-lyle-over-plantations-35438/

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

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