ព័ត៌មាន
Asian garment industry to undergo further segmentation
The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...
http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm
Real Wages in Garment Sector Fell Over 10 Years
Wages for Cambodian garment workers decreased by more than 20 percent in real terms between 2001 and 2011 despite the industry’s exponential increase in exports, which in 2012 were valued at more than $4 billion, according to a recent report by a U.S.-based workers advocacy ...
http://www.cambodiadaily.com/news/wages-in-garment-sector-fell-22-over-10-years-34788/
Cargo Traffic Grows at Sihanoukville Port
The total weight of goods transported through the Sihanoukville Autonomous Port in the first six months of the year was up 15 percent compared with the same period last year, according to figures released Thursday. Some 1.51 million tons of goods passed through the port in ...
http://www.cambodiadaily.com/business/cargo-traffic%E2%80%88grows-at-sihanoukville-port-34628/
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm
Korea trade nears $1 billion
Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...
http://www.phnompenhpost.com/business/korea-trade-nears-1-billion
Cambodia's rice exports up 125 pct in first half of 2013
Cambodia has seen a sharp rise in the exports of milled rice in the first six months of this year thanks to increasing demand on international markets, an official said Wednesday. The figures, from the single window secretariat for facilitating milled rice exports, showed that the ...
http://news.xinhuanet.com/english/business/2013-07/10/c_132529640.htm
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Myanmar rice is back
While exports of Cambodian rice have been booming, analysts are predicting that new competition from Myanmar could eventually rain on the parade. Cambodia exported nearly 176,000 tonnes of rice in the first six months of the year, a 125 per cent increase from the same period ...
Rising Demand Boosts Organic Rice Industry
Production of Cambodian organic rice is rising rapidly as international demand for the product increases, experts said at a forum for growers and other industry members held Tuesday at the Phnom Penh headquarters of agricultural NGO Cedac. “In the first six months of this year we’ve ...
http://www.cambodiadaily.com/business/rising-demand-boosts-organic-rice-industry-34216/
Garment Exports Booming Despite Concerns
Despite criticisms over safety, outbreaks of sometimes violent industrial action and a raise in the minimum wage that it was warned would scare off manufacturers, Cambodia’s garment sector is booming, according to government figures. A report on state newswire Agence Kampuchea Presse (AKP) on Friday said ...
http://www.cambodiadaily.com/business/garment-exports-booming-despite-concerns-34035/
Phnom Penh Port Trade Volume Increases by 29%
The number of shipping containers that passed through the Phnom Penh Autonomous Port increased by 29 percent during the first six months of the year compared to the same period in 2012, according to figures released yesterday. The port received 50,157 standard containers between January and ...
Goods traffic through Phnom Penh port up 29 pct
Cargo shipments moving in and out of the Phnom Penh Autonomous Port (PPAP) increased 29 per cent in the first six months of this year when compared to the same period in 2012, according to official data. The figures show that imported and exported goods amounted ...
Cambodia Falls Short as Garment-Industry Model
This small Southeast Asian country was supposed to become a model for the world apparel industry, with tough factory monitoring and strong worker protections. But a dozen years after the United Nations’ International Labour Organization launched a program to manage Cambodia’s booming garment trade—the first of ...
http://online.wsj.com/article/SB10001424127887324423904578521240151597504.html
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
Brunei inks deal to buy Cambodian jasmine rice
The government of Brunei on Saturday signed a one-year contract to purchase 3,000 tons of jasmine or fragrant rice from Cambodia, the first such deal reached by the two Asian nations. The deal was inked between Pg Haji Mohd Noordin B PLP Pg Haji Mohd Said, ...
http://news.xinhuanet.com/english/business/2013-07/06/c_132517759.htm
Map connects factories and buyers
In light of ongoing disputes over working conditions in the garment sector, the Cambodian Centre for Human Rights (CCHR) released yesterday details on hundreds of factories it believes will offer greater transparency along the garment supply chain – from producers to buyers – and shine ...
http://www.phnompenhpost.com/2013070166578/Business/map-connects-factories-and-buyers.html
ADB to loan $55 million to Cambodia's rice sector
The Asian Development Bank (ADB) has approved a loan of $55 million to help transform the rice sector of Cambodia into a viable commercial industry as well as taking care of the land and water resources. ADB’s Climate-Resilient Rice Commercialization Sector Development Program―which will run ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjI4NDZjMzFlMmE
Cambodia's garment exports up 22 pct in 5 months
Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...
http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm
K-pop a boon for cosmetics shops
Kim Hyun-joong is looking at you. From a poster outside of a hair salon, from a shop window, in a TV commercial or on local social media sites, the South Korean singer and actor decorates various advertisements in Phnom Penh. But it isn’t just about his ...
http://www.phnompenhpost.com/2013062766507/Business/k-pop-a-boon-for-cosmetics-shops.html
Cambodia's foreign trade worth over 6 bln USD in 5 months
Cambodia’s trade with foreign countries amounted to 6.25 billion U.S. dollars in value in the first five months of this year, up 20 percent from the same period last year, according to statistics from the Commerce Ministry on Wednesday. During the January-May period this year, the ...
Hong Kong delegation seeks business opportunities in Cambodia
A delegation from China’s Hong Kong Special Administrative Region are currently seeking possibilities to broaden bilateral trade and investment ties in Cambodia. The delegation comprising of business executives from 24 different firms in the financial and professional services, infrastructure and real estate, garments and textiles, telecommunications, ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=Y2Y2MTQ4Zjk2YmR
Thai rice cuts pose problems
Thailand’s recent announcement of a 20 per cent price cut within the government rice-pledging scheme will have little impact for Cambodian exports, but farmers may feel the effects, say industry insiders. In an article published in the Bangkok Post on June 19, Thailand’s cabinet had agreed ...
http://www.phnompenhpost.com/2013062166407/Business/thai-rice-cuts-pose-problems.html
Cambodia PM says garment firms may quit over wage rows
Cambodia’s strongman Prime Minister Hun Sen on Wednesday warned garment workers that protests demanding higher wages could push manufacturers to quit the country. His appeal came after unions last week said hundreds of workers had been fired from a factory making sportswear for US giant Nike ...
India seeks to enhance trade links
An Indian business delegation visiting Cambodia hopes to boost bilateral cooperation in trade, tourism and transport, officials said yesterday. Meeting with key Cambodian officials, Director General of the Indian Chamber of Commerce said the Kingdom presented many opportunities for India. ...
http://www.phnompenhpost.com/2013061466268/Business/india-seeks-to-enhance-trade-links.html