ពាណិជ្ជកម្ម

Cambodia will no doubt look to partners other than the US and the European Union to bolster its economic growth as those key export markets continue to struggle, a senior International Monetary Fund official says. One way in which Cambodia would forge new and growing relationships with higher-income ...

A Thai ban on Cambodian corn and other agricultural products led to a 65 per cent year-on-year drop in the Kingdom’s corn exports during the first two months of the year, officials claimed yesterday. January and February exports fell to 2,333 tonnes from 6,694 a year ...

The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...

Cambodian rubber exports declined 3 per cent year-on-year during the first two months of 2012, according to figures from the Ministry of Commerce. The value of the exports fell by nearly a third. ...

MARUHAN Japan Bank will be the next to join a growing list of Cambodian banks that provide cross-border remittance in Chinese yuan. The move by the Japanese-owned bank is part of a greater push to promote trade with China throughout the region, according to a statement ...

Despite a slow start for milled-rice exports in 2012 brought on by falling regional prices, officials yesterday predicted Cambodian shipments would more than double to 400,000 tonnes this year. Tax exemptions from Europe, which boosted milled-rice exports to about 173,000 tonnes last year, would continue to ...

The volume of goods passing through Phnom Penh Autonomous Port increased by 11 percent in the first three months of 2012 compared to the same period last year, according to statistics released by the port yesterday. Between January and March, 17,386 containers passed through the ...

The government plans to review fuel import taxes in the wake of soaring prices at the pump over the past few weeks, an official said yesterday. Cheam Yeap, Cambodian People’s Party lawmaker and chairman of the finance and banking commission, said the government will look into ...

Prime Minister Hun Sen yesterday called on the Thai government to allow border checkpoints to stay open more consistently to increase trade between Thailand and Cambodia. ...

An across-the-board trade and investment deal signed with China’s Yunnan province on Friday was a jump-start to Chinese President Hu Jintao’s pledge a week earlier to double bilateral trade with the Kingdom to US$5 billion by 2017. The package signing, which brought a delegation of 45 ...

A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...

Opposition MP Mu Sochua yesterday called for a boycott of global sports brand Nike, following two fainting incidents at a factory that supplies it last week. She also warned that global brands and the Cambodian government were taking a huge gamble by failing to address the ...

Revenues earned by the Sihanouk Autonomous Port for the first quarter of this year jumped 22 per cent year-on-year to US$8.3 million, according to figures released yesterday by SAP. Exports of the Kingdom’s rice, garments and timber, coupled with imports of textiles, electronics and construction materials, ...

Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about ...

The Ministry of Commerce is setting up a National Confederation for Rice Exporters to achieve Prime Minister Hun Sen’s target of exporting 1 million tons of milled rice by 2015. ...

More than 1,600 tons of cassava have been stuck at the Thai-Cambodian border in Banteay Meanchey for several days because Thai officials have banned imports of the crop in an effort to support domestic prices at home, officials and exporters said yesterday. The cassava, 800 tons ...

Two hundred tons of unmilled rice slated for export to Vietnam was destroyed in a warehouse fire in Kandal province’s Ang Snuol district early yesterday morning ...

Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

Asean leaders urged the lifting of economic sanctions against Burma, while the Burmese president made his first public statement on the nation’s recent by-elections, calling them “very successful” at the Asean Summit in Phnom Penh yesterday. “Asean has consistently spoken of lifting sanctions, but now, more ...

Cambodia had made its first direct shipment of rice to China, an official revealed yesterday, but the test run, which was hoped to open the vast Chinese rice market to local exporters, was largely unsuccessful. Golden Rice Co Ltd shipped 48 tonnes of milled rice to ...

Prime Minister Hun Sen said Tuesday that establishing a regional instrument to protect migrant workers in Southeast Asia should be a priority for ASEAN this year. “The free flow of skilled workers is a key condition for the ASEAN Economic Community,” he said in an opening ...

Representing more than 1,200 delegates from the 10 Asean countries, the Asean Peoples’ Forum issued a highly critical statement yesterday to visiting Asean leaders concerning issues such as land evictions, effects of large-scale hydropower projects and the opaque nature of drafting the Asean Human Rights ...

Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...