News

Business Registrations Up 10.8% in First 6 Months

The number of new businesses registered in Cambodia through the first six months of 2012 reached 1,694, an increase of 10.86 percent compared to the same period last year, according to figures released on Tuesday by the Ministry of Commerce. ...

Viet Nam invests over VND110 billion in sugar planting in Cambodia

Sugar factories from Tay Ninh Province have spent over VND110 billion (US$5 million) to plant sugar cane in Cambodia’s Svay Rieng Province for the 2012-2013 crop, said the Tay Ninh People’s Committee. Vietnamese sugar producers have planted the crops in Cambodia as sugar cane in ...

http://vietnamnews.vnagency.com.vn/Economy/227973/viet-nam-invests-over-vnd110-billion-in-sugar-planting-in-cambodia.html

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

Loans, deposits mirroring growth

Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...

http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html

Cambodia's banking industry sees 31 pct lending growth in last 12 months

Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. As of June 2012, the kingdom’s 32 commercial banks had ...

http://www.chinadaily.com.cn/xinhua/2012-07-24/content_6528755.html

Cambodia's garment export reaches 2.1 bln USD in H1, up 9 pct

Cambodia had exported garment and textile products in equivalent to 2.1 billion U.S. dollars in the first six months of 2012, up 9 percent from 1.93 billion U.S. dollars in the same period last year, a report from the Commerce Ministry showed on Monday. ...

http://news.xinhuanet.com/english/business/2012-07/23/c_131732434.htm

ASEAN Post Ministerial Conference Focuses On Mutual Benefits

The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...

http://thesoutheastasiaweekly.com/

France helps Microfinance and Hevea Sector

Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...

http://thesoutheastasiaweekly.com/

Cambodia’s GDP is revised

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...

http://www.phnompenhpost.com/index.php/2012071857475/Business/cambodia-gdp-is-revised.html

Registered business numbers increased

The number of businesses registered with the Ministry of Commerce climbed by more than 10 per cent year on year during the first half of 2012, ministry data showed. Officials credited the government’s piecemeal efforts to institute a transparent investment policy and gross domestic product growth, ...

http://www.phnompenhpost.com/index.php/2012071757450/Business/registered-business-numbers-increased.html

Charter flights fuel growth

Charter flights through Cambodia’s two international airports contributed to a 20 per cent year on year jump in passenger flow during the first half of 2012, according to the minister of tourism. About 1.03 million passengers arrived at Phnom Penh International Airport and and Siem Reap ...

http://www.phnompenhpost.com/index.php/2012071657429/Business/charter-flights-fuel-growth.html

Siem Reap Recognized As Cultural City Of East Asia In 2012

Siem Reap, home of world heritage Angkor Wat temple was recognized as the cultural city of East Asia 2012. The announced was made in the 13th ASEAN Plus Three Foreign Ministers’ Meeting in Phnom Penh on July 10. “That is an honor for Siem Reap province, said Cambodian officials and tourism sector. The ...

http://thesoutheastasiaweekly.com/

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

Cambodian goods to be certified

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...

http://www.phnompenhpost.com/index.php/2012070657245/Business/cambodian-goods-to-be-certified.html

Migrant abuse claims skyrocket five fold

Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...

http://www.phnompenhpost.com/index.php/2012070657258/National-news/migrant-abuse-claims-mount.html

Outbreaks of foot-and-mouth disease decrease, but are still painful for Cambodian farmers

The number of cases of foot-and-mouth disease dropped significantly in first six months of 2012 compared with the three previous years, according to new report by the UN’s Food and Agriculture Organization (FAO). However, the report’s authors say the disease is still a problem for Cambodian farmers, especially owners of small farms, and can severely ...

http://www.etmcambodia.com/index.php

Office space growing as more firms set up shop in Phnom Penh

The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...

http://www.etmcambodia.com/index.php

National Budget

In 2011, the actual amount of domestic revenue collected during the year did not reach the set target, while actual budget expenditure exceeded the planned amount. As a result, the overall budget deficit grew to 7-3 percent of GDP in 2011. For 2012 and 2013, while the execution of ...

http://www.etmcambodia.com/

Industry Sector

The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...

http://www.etmcambodia.com/

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