ព័ត៌មាន
Garment Exports Grow 15% in First Quarter
Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...
Protest Becomes Secession When Liberties Are Taken With Words
This month’s eviction of villagers in Kratie province that resulted in the death of a 14-year-old girl was one of many such violent incidents over land that have erupted in Cambodia in recent years. But what set the May 16 violence apart was a word: ...
Malaysia - Cambodia Trade And Investment Performance 2011
Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...
Cambodia wants Kuwait tourists
Tourism officials in the Kingdom have suggested that the Kuwaiti ambassador should push for direct flights between Cambodia and Kuwait, and invited Kuwaitis to invest in Cambodia’s soaring tourism sector. “We need more and more investment in the tourism sector,” said tourism minister Thong Khon. He ...
http://www.phnompenhpost.com/index.php/2012052956447/Business/cambodia-wants-kuwait-tourists.html
Cambodian Start-up Competes With India in Natural Hair Market
PHNOM PENH, Cambodia — For an Internet start-up, Arjuni faces more challenges than usual. The e-commerce site that sells hair extensions operates out of a five-story building here that lacks elevators and, sometimes, power. Employees typically have to travel to remote villages by motorbike or foot ...
http://dealbook.nytimes.com/2012/05/28/in-cambodia-a-start-up-uses-the-internet-to-sell-hair/
The potential of Cambodia
Whenever you build a structure, you always start with a plan that exists first as an idea and then makes its way to paper and then usually a model: and this is true of ships or skyscrapers. Then comes the construction process when you bring in ...
http://www.phnompenhpost.com/index.php/2012052856411/Business/the-potential-of-cambodia.html
Cambodia Officially Starts Trading Life Insurance
Cambodia on May 21 officially started to trade life insurance for first time in history with hope of supplementing social security and growth of insurance development in the kingdom. At the inauguration ceremony at 21st floor of Canadia Tower in Phnom Penh, His Excellency, Aun Porn Moniroth, secretary of state of finance ministry said: “it ...
World Bank outlook for Cambodia positive
The World Bank’s biannual report on Cambodia was largely positive given dire economic prospects in Europe, which economists agreed were closely tied to the Kingdom’s key export sectors. The report, released yesterday, predicted 6.6 per cent growth in gross domestic product Manufacturing is predicted to slow slightly this year, ...
China seeks to expand trade, investment ties with Cambodia
China sees Cambodia as one of the potential trade and investment partners among the Association of Southeast Asian Nations (ASEAN) and pledges to boost closer economic ties between the two countries, said a senior Chinese official on Tuesday. Wan Jifeisaid that his visit to Cambodia ...
http://english.peopledaily.com.cn/90001/90776/90883/7389759.html
Thai-Cambodia agricultural zones set for establishment
Cambodia and Thailand have agreed to set up specialised agricultural export zones along the border inside Cambodia in a bid to curb any suspension of cross-border trade from Thailand, as well as to achieve a 30 per cent increase in bilateral trade year-on-year, commerce official ...
First life insurance company launches in Cambodia
The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...
http://www.phnompenhpost.com/index.php/2012052256297/Business/life-insurance-opens-doors.html
Visitors from Vietnam up 18 per cent in Q1
The number of Vietnamese tourists visiting Cambodia and Cambodians visiting Vietnam has increased recently, according to new data released by the Cambodian tourism ministry. Vietnam has the largest number of tourists visiting Cambodia at 600,000, or 21 per cent, of all international visitors. ...
British companies eye on Cambodia on education, construction and finance services
Considering the growth potential of US$400-million worth in bilateral trade between the United Kingdom and Cambodia for the past five years, the British Trade and Investment office plans to establish its permanent branch in Phnom Penh. British companies are eyeing investment opportunities in education, construction and ...
Cambodian Rice Exports Fall Short of Government Hopes
Cambodia’s rice exports in 2012 may fall significantly compared to last year, due to high fuel prices, soaring logistics costs and high prices. According to local sources, Cambodian rice shipments to Europe this month are at a $200 markup per container over those from Thailand and ...
Charity Calls on UK Gov’t to Act for Cambodian Workers
A report by a U.K.-based charity has highlighted the low pay of Cambodian garment workers and called on the British government to intervene in disputes involving Southeast Asian factories supplying British retailers. Restricting Rights, a report published Tuesday by anti-poverty charity War on Want, looks at ...
Investors eye Meoun Chey border
Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak Savann said the potential investors are looking for land in the area to ...
http://www.phnompenhpost.com/index.php/2012051756211/Business/investors-eye-meoun-chey-border.html
Q1 exports to Thailand soar
Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped US$85.4 million in ...
http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html
Thailand moves on double tax treaty with Cambodia
Thailand is moving forward to strike a double tax treaty with Cambodia, to cope with increasing cross-border trade. Sathit Rungkasiri, director general of the Revenue Department, said it is a priority to expand the double tax treaty with all countries in Asean to prepare for the ...
http://www.nationmultimedia.com/business/Double-tax-treaty-with-Cambodia-eyed-30182041.html
Fire Insurance Costs Soar for Garment Sector
Large payouts last year by local insurance companies to two garment factory owners and regional natural catastrophes have resulted in a huge hike in the cost of fire insurance for commercial premises in Cambodia, brokers said. Cambodia’s insurance industry paid out some $24 million in fire ...
Cambodia prepares for G20
If it were a Group of 180 nations meeting, Cambodia would be invited. But the Kingdom’s chances of attending the so-called G20 summit, which brings together the world’s largest economies, are unlikely, says Mey Kalyan, a government adviser who last week became the first Cambodian to ...
http://www.phnompenhpost.com/index.php/2012051456136/Business/cambodia-prepares-for-g20.html
Solving problems brings in wealth
One of Cambodia’s true rags-to-riches success stories is that of Din Somethearith, co-founder and executive director of Frangipani Villa Hotels. Frangipani, named for the blossoming tree, is a chain of boutique hotels, one of which is located just off Street 178 at number 43, down a ...
http://www.phnompenhpost.com/index.php/2012051456140/Business/solving-problems-brings-in-wealth.html
UN Sees Cambodian Economic Growth Slowing in 2012
Economic growth in Cambodia is estimated to reach 6.7 percent this year, a 0.2 percent drop compared with 2011, the U.N. said in a report released on Friday, citing a modest slowdown in exports from Cambodia to the U.S. and Europe. In its Economic and Social ...
PH may tap Cambodia rice buffer stocks
The Philippines may decide to choose Cambodia to supply some of the rice it needs to boost its buffer stocks, Agriculture Secretary Proceso Alcala said on Friday. Alcala said the government still has to buy 120,000 metric tons of rice to fill the 500,000 metric tons ...
http://business.inquirer.net/58969/ph-may-tap-cambodia-rice-buffer-stocks
Subedi ‘shocked’ by evictions
One of the first things UN Special Rapporteur Surya Subedi did on his week-long fact-finding mission in Cambodia was visit the grave of slain environmentalist Chut Wutty. It wasn’t on the itinerary, but Subedi, rapporteur on the situation of human rights in Cambodia, said he wanted ...
http://www.phnompenhpost.com/index.php/2012051156113/National-news/subedi-shocked-by-evictions.html