News

AEC presents migrant hurdles

With cross-border flows of migrant workers rapidly increasing since the founding of the Asean Economic Community (AEC) in 2015, industry insiders claim that this change has had both positive and negative effects on the Kingdom by reducing the levels of unemployment while highlighting the need ...

Robin Spiess
http://www.phnompenhpost.com/business/aec-presents-migrant-hurdles

Nontariff barriers continue to hinder regional trade

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/nontariff-barriers-continue-hinder-regional-trade

Hun Sen issues a clarion call

As Cambodia prepares to host the World Economic Forum on Asean in May, Prime Minister Hun Sen yesterday made a global call for more investment flows into the region that he said was safe and secure for investors, and fast becoming a manufacturing powerhouse in ...

May Kunmakara
http://www.khmertimeskh.com/news/35505/hun-sen-issues-a-clarion-call/

Tourism officials lay out plans for schools

Tourism Ministry officials outlined plans yesterday for two new vocational training facilities for the country’s growing tourism sector. Try Chhiv, deputy director general of the Ministry of Tourism, said the government will build the first school in Phnom Penh with a capacity of 1,000 students, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-officials-lay-out-plans-schools

Rubber producers want export taxes scrapped

A group of private sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories. ក្រុមអ្នកផលិតកៅស៊ូចង់នាំឱ្យពន្ធនាំចេញត្រូវលុបចោលក្រុមអ្នកផលិតកៅស៊ូឯកជនមួយបានដាក់ញ្ញត្តិទៅរដ្ឋាភិបាលដើម្បីទម្លាក់ចោលពន្ធនាំចេញផលិតផលកៅស៊ូ ដែលលើកឡើងថា ការមិនយកពន្ធនាំចេញនៃវិស័យនេះអាចនឹងទាក់ទាញវិនិយោគិនបរទេសមកដំឡើងរោងចក្រកែច្នៃ។ ...

Post Staff
http://www.phnompenhpost.com/business/rubber-producers-want-export-taxes-scrapped

Asean forms sugar alliance

Cambodia, along with six other Asean member countries, reached an agreement to form an alliance of sugar-producing countries ‒ or so the called Asean Sugar Alliance (ASA) ‒ to promote and support the regional sugar industry and make it more competitive globally. ...

May Kunmakara
http://www.khmertimeskh.com/news/27411/asean-forms-sugar-alliance/

New milestone for Cambodia and Vietnam bilateral trade

The two-day official state visit to the Kingdom, that started yesterday, by Vietnam’s new President Tran Dai Quang marks a new milestone for bilateral trade and investment between the two close neighbors that would also have a multiplier effect of attracting overseas capital into the ...

May kunmakara
http://www.khmertimeskh.com/news/26107/new-milestone-for-cambodia--and-vietnam-bilateral-trade/

Tax revenue fills coffers of the state

The government’s tax revenue saw a sharp increase of about 22 percent in the first five months of the year, compared with the same period last year, with some $763 million collected by the General Department of Customs and Excise. ...

Sum Manet
http://www.khmertimeskh.com/news/25916/tax-revenue-fills-coffers-of-the-state/

CAMFEBA launches an ASEAN guidebook

The Cambodian Federation of Employers and Business Associations (CAMFEBA) yesterday launched an ASEAN Economic Community (AEC) guidebook aimed at providing employers with practical recommendations to help businesses better understand the dynamic regional changes of integration. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/camfeba-launches-asean-guidebook

Thai manufacturers sizing up Cambodia

Thai manufacturers are being urged to transfer some of their production facilities to Cambodia and other neighboring countries, according to a report in the Thai media yesterday.   ...

Sum Manet
http://www.khmertimeskh.com/news/24478/thai-manufacturers-sizing-up-cambodia/

Cambodian diaspora urged to invest back home

Cambodians who live abroad should be taking advantage of opportunities to invest in the Kingdom, despite the fact that skilled labor remains a problem, an advisor to the government said Friday. ...

Chea Vannak
http://www.khmertimeskh.com/news/22969/cambodian-diaspora-urged-to-invest-back-home/

Surge in new product standards as tariffs fall

A recent surge in the development of national standards for manufactured goods and food products is creating more opportunities for local products in regional markets, a government official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/surge-new-product-standards-tariffs-fall

Time to outgrow garment manufacturing, gov’t advisor says

As the ASEAN Economic Community (AEC) raises Cambodia’s profile as a member of one of the world’s largest trade zones, investors around the world are considering Cambodia as a gateway to the region and it should take advantage of this opportunity by diversifying its economic ...

Chea Vannak
http://www.khmertimeskh.com/news/21466/time-to-outgrow-garment-manufacturing--gov---t-advisor-says/

Barriers remain for Southeast Asia’s economic integration plans

Efforts to integrate of Southeast Asia’s economies are beginning to bear fruit, experts say, although there is some way to go before the goal of turning the region into a single market and production base can be reached. ...

Ten Soksreinith
http://www.voacambodia.com/content/barriers-remain-for-southeast-asia-economic-integration-plans/3190571.html

ASEAN still a tough market for rice exports despite AEC

Cambodian rice exports are finding new markets and rising demand in ASEAN this year, but officials and exporters are not linking this to the ASEAN Economic Community (AEC), saying it was too early to tell what impact the regional trade bloc – which took effect ...

Sum Manet
http://www.khmertimeskh.com/news/21156/asean-still-a-tough-market-for-rice-exports-despite-aec/

Thitikorn to open two branches in Cambodia

Listed hire-purchase company Thitikorn plans to open two branches in Cambodia next year, after being in the market for one year and finding huge opportunity and high demand for motorcycle lending there, managing director Prathama Phornprapha said yesterday. ...

The Nation News Staff
http://www.nationmultimedia.com/business/Thitikorn-to-open-two-branches-in-Cambodia-30275540.html

Hun Sen calls for ASEAN cooperation in times of disaster

Prime Minister Hun Sen on Wednesday called on Asean member states to work together on cross-border rescues of citizens in the wake of natural or man-made disasters. ...

Hul Reaksmey
http://www.voacambodia.com/content/hun-sen-calls-for-asean-cooperation-in-times-of-disaster/3105429.html

Revenue from business registration fees rises

Revenue from business registration fees rose 13 percent to about $2.4 million in the first 11 months of the year over the same period last year, with 4,076 businesses registering at the Commerce Ministry compared to 3,618 in the year-ago period, the ministry said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/18655/revenue-from-business-registration-fees-rises/

Labour market unfazed by AEC

As ASEAN member states race to get ready for the ASEAN Economic Community (AEC) integration later this month, one of the pillars of the new economic bloc is the free flow of skilled labour across borders, with Cambodian industry experts unperturbed by the possibility of ...

Sor Chandara
http://www.phnompenhpost.com/business/labour-market-unfazed-aec

ASEAN integration will require human resources, scholar says

With Asean integration fast approaching, analysts say Cambodia has more to do to strengthen its human resources and be competitive in the region’s open markets. ...

Men Kimseng
http://www.voacambodia.com/content/asean-integration-will-require-human-resources-scholar-says/3099035.html

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