News

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 ...

http://www.phnompenhpost.com/index.php/2012072657633/Business/rubber-price-drops-as-exports-increase.html

Inflation Falls on Lower Gas, Food Prices

Consumer prices in Phnom Penh grew just 1.8 percent year-on-year in the month of June, the lowest increase in almost two years, as food and gas prices remained stable, according to figures released yesterday by the Ministry of Planning. In its monthly inflation report, the ministry ...

Workplace injury rate rises

A spike in factory faintings contributed to a 65 per cent increase in the number of workplace injuries reported in 2011, a Ministry of Labour official said yesterday. Leng Tong, director of the occupational health and safety department, said the ministry plans to introduce specialist safety ...

http://www.phnompenhpost.com/index.php/2012072457581/National-news/workplace-injury-rate-rises.html

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

Cambodian fishermen returned from Africa

Two Cambodian fishermen, trafficked into slave labour in South Africa in mid-2011, returned safely to Phnom Penh on Friday after being rescued by legal resource group the Community Legal Education Center. ...

http://www.phnompenhpost.com/index.php/2012072357553/National-news/cambodian-fishermen-returned-from-africa.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 ...

In 6 Months, 26 Shot Dead on Border While Illegally Logging

In the first six months of the year, 26 Cambodians have been shot dead by the Thai military while illegally logging along the border, nearly double the number killed in all of 2011. “According to the Cambodian-Thai Relations Bureau documents for the semester, there were 26 ...

Fewer Cambodians Cross Poipet to Work in Thailand

The number of Cambodian workers passing through Poipet international checkpoint to work in Thailand decreased by 10 percent during the first six months of the year compared to 2011, an immigration police officer said yesterday. Leak Romnea, chief of administration of Banteay Meanchey province’s Poipet immigration ...

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, ...

Airport Arrivals Soar With Business Traffic

The number of visitors to Cambodia through its two main airports increased 19.7 percent to more than 1 million people in the first half of the year, compared to the same period last year, figures released by Cambodia Airports show. Between January and June, 1,028,285 passengers ...

GE Engines to power Cambodian rice husk power project

GE Energy has signed a contract with Cambodian industrial conglomerate Soma Group to supply two of its engines to power a biomass gasification facility. Soma Group’s Hak Se mill biomass gasification project is located in Cambodia’s rural rice milling region Kamphong Cham, and reinforces a 2011 ...

http://biomassmagazine.com/articles/7870/ge-engines-to-power-cambodian-rice-husk-power-project

Reported Cases of Land Grabbing Decrease

The number of new land disputes reported in the first six months of this year decreased by 38 percent compared to the same period in 2011, according to data released by rights group Licadho last week. According to the figures, which represent 15 of the country’s ...

Prices and Monetary Developments

Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...

http://www.etmcambodia.com/

Number of Japanese firms to surge this year

If industry-watchers were roused last year by the influx of Japanese investment to Cambodia – including bellwether parts manufacturer Minebea – 2012 should not disappoint. Up to 60 new Japanese companies are expected to apply for business licences this year after the number tripled to about ...

http://www.phnompenhpost.com/index.php/2012071257368/Business/number-of-japanese-firms-to-surge-this-year.html

Campu and Acleda Post Strong Earnings for First Six Months

Despite being downgraded by Moody’s just over two months ago, profits at Cambodian Public Bank (Campu) and Acleda Bank—two of the largest banks in the country—increased by about 50 percent during the first half of the year, according to figures provided by the banks yesterday. In ...

Forte Insurance predictions positive

Charles Cheo, managing director of Forte Insurance, is sanguine on the growth prospects of Cambodia’s US$30 million general insurance market, even though there are five other general insurers competing against Forte, and three new life insurers entering the market. Forte established a presence in Cambodia in ...

http://www.phnompenhpost.com/index.php/2012071157332/Business/forte-insurance-predictions-positive.html

Migrants to Korea jump

More Cambodian migrant workers headed to South Korea in the first half of this year than in all of 2011, data from the Ministry of Labour shows. A suspension on Vietnamese migration, coupled with an improving Korean economy, primarily accounted for the jump, officials say. Working ...

http://www.phnompenhpost.com/index.php/2012071057315/Business/migrants-to-korea-jump.html

Factory Owners Agree to Provide More Benefits

Garment factory owners have agreed to provide workers with an additional $9 in monthly benefits for transportation, housing and attendance in order to reduce growing protests in the sector, Garment Manufacturers Association of Cambodia (GMAC) officials said yesterday. “We will provide $3 in attendance bonuses and ...

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