News

Camcontrol may leave border

Prime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, ...

Hor Kimsay
https://www.phnompenhpost.com/business/camcontrol-may-leave-border

Petrol labs to track fuel cheats

The Ministry of Commerce yesterday launched a petroleum mobile lab to detect fraud and cheating at petrol stations and ensure fair competition. The lab, under the authority of CamControl, will drive across the country, starting from Phnom Penh. ...

Chea Vannak
http://www.khmertimeskh.com/5080945/petrol-labs-track-fuel-cheats/

Draft food law could be ready by July: UN

The first draft of a long-awaited food law that aims to regulate food safety and quality “from the farm to the table” could be completed as soon as July, UN and government officials said yesterday. ...

Ananth Baliga
http://www.phnompenhpost.com/national/draft-food-law-could-be-ready-july-un

Poisioning is result of ‘bad prep’

Lab results have revealed that an outbreak of food poisoning that left hundreds hospitalised in Siem Reap province last week was caused by bacteria likely passed on through unhygienic food preparation, an official said yesterday. ...

Alice Cuddy and Pech Sotheary
http://www.phnompenhpost.com/national/poisioning-result-bad-prep

Drop-off in beverage imports questioned

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned

Poipet Vendors Protest Corrupt Border Officials

More than 800 street vendors and drivers of taxis, tuk-tuks and motorcycles working the border area between Banteay Meanchey province and Thailand yesterday marched through Poipet City calling for an end to the rampant corruption being carried out by border officials. Migrant workers who cross ...

http://www.cambodiadaily.com

Cambodia's rubber exports up 17 pct, revenues down 21 pct in 2012

Cambodia recorded a 17 percent rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21 percent due to declining rubber prices in the international market, the government’s statistics showed Friday. The country had exported 54,530 tons of rubber latex ...

http://www.globaltimes.cn/content/756747.shtml

Regulator sees growth

Camcontrol revenues for the first nine months of the year hit US$7.9 million, surpassing the Ministry of Economy and Finance’s revenue goal of $6 million for the year. Kong Putheara, director of the Ministry of Commerce’s statistics department, this week said the unexpected growth came from ...

http://www.phnompenhpost.com/index.php/2011110352505/Business/regulator-sees-growth.html

Revenues from trade inspection climbing

Camcontrol Directorate General revenue from goods inspections during the first half of the year increased by more than 32 percent compared to the same period last year, according to Ministry of Commerce data. Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates ...

http://www.phnompenhpost.com/index.php/2011092251792/Business/revenues-from-trade-inspection-climbing.html

Medical imports decline

THE supply of pharmaceutical products has outstripped demand, causing a decrease in the value of drug imports during the first half of 2011, experts say. An increase in the number of firms importing pharmaceutical products in 2010 led to this year’s drop, Medical Trust Company ...

http://www.phnompenhpost.com/index.php/2011080250792/Business/medical-imports-decline.html

Length of Time Taken to Export Goods Declines

The time it takes to export goods has fallen 40 percent according to the UN. Southeast Asia has seen an improvement in the average time it takes for trade procedures to be completed, dropping to 19 days, though this is still three times longer than ...

Cambodian Rubber Exports Increase 84%

Rubber exports from Cambodia increased 84 percent in the first six months of 2011 compared to the same period last year, according to figures released by Camcontrol, the government’s import-export inspection agent. Cambodia exported 21,511 tons of rubber, worth $102 million, during the first half ...

Construction material imports on the increase

A return to work on larger construction projects in Cambodia is leading to an increase in the impartation of construction materials, experts said yesterday. Cambodia’s construction materials are generally imported from China, Vietnam and Thailand, and also as far afield as Europe, said Khuon Savuth, Statistics ...

http://www.phnompenhpost.com/index.php/2011072850681/Business/construction-material-imports-on-the-increase.html

Graft Risk Leads FedEx to Limit Local Business

In order to comply with legislation that prohibits bribery of public officials logistics company FedEx has limited its inbound shipments to Cambodia to those valued under $300. Customs and CamControl officials regularly impose unofficial payments to facilitate the customs and excise process. FedEx, initially announced ...

Growth in vehicle sales fuelled by bank loans, dealers say

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, ...

http://www.phnompenhpost.com/index.php/2011070450153/Business/growth-in-vehicle-sales-fuelled-by-bank-loans-dealers-say.html

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say. The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, ...

http://www.phnompenhpost.com/index.php/2011070150113/Business/pig-production-priority.html

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