News

China increases rice import quota

Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...

Hor Kimsay
https://www.phnompenhpost.com/business/china-increases-rice-import-quota

Work permits double in 2018

The number of foreigners issued with Cambodian work permits this year has more than doubled that of last year. The increase was driven by Chinese workers whose contribution alone could generate millions for the Kingdom’s economy each year. ...

Hor Kimsay
https://www.phnompenhpost.com/business/work-permits-double-2018

Cash influx a band-aid for failing rice sector

As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on Thursday lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. ...

Janelle Retka and Kuch Naren
https://www.cambodiadaily.com/news/cash-influx-band-aid-failing-rice-sector-118340/

Consumer protection draft law almost ready

Officials at the Ministry of Commerce and Council of Ministers announced yesterday that a draft consumer protection law, which is intended to ensure that food and consumer products made domestically or imported into Cambodia are safe, was almost complete. A quarter of the almost 60 ...

Chea Vannak
http://www.khmertimeskh.com/news/28562/consumer-protection-draft-law-almost-ready/

Government to push fish farming

The government has set an annual target of producing 1.2 million tons of fish in farms within the next three years to support high local demand and to reduce the flood of imports from neighboring countries, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Chea Vannak
http://www.khmertimeskh.com/news/28196/government-to-push-fish-farming/

Concern over trade deal’s investor dispute mechanism

A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...

Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism

First-ever FDI survey identifies $20B in capital inflow

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow

Rainsy asks EU to cut imports

Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers.   ...

Taing Vida
http://www.khmertimeskh.com/news/27332/rainsy-asks-eu-to-cut-imports/

Factory defies governor’s request

The labor dispute between workers and employers at the Aerosoft Summit Footwear factory in Battambang province’s Sampov Laun district is still raging due to the company’s refusal to allow workers back to the factory at the provincial governor’s request. ...

Mom Kunthear
http://www.khmertimeskh.com/news/27217/factory-defies-governor---s-request/

Letter accuses governor of corruption

A district governor in Battambang province was accused of corruption in an anonymous letter received by provincial authorities over the weekend. Thmor Kol district Governor Kong Ly allegedly used state funds for personal gain, according to the letter addressed to provincial Governor Chan Sophal that was ...

Pav Suy
http://www.khmertimeskh.com/news/26785/letter-accuses-governor-of-corruption/

Anti-graft czar attacks battambang governor

Anti-Corruption Unit (ACU) Chairman Om Yentieng lashed out at Battambang provincial governor Chan Sophal on Sunday for refusing to let the unit investigate a district governor for allegedly pilfering thousands of dollars of state money.  ...

Aun Pheap
https://www.cambodiadaily.com/news/anti-graft-czar-attacks-battambang-governor-114958/

Rice exports up, but cash shortage hitting

Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...

Sok Chan
http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/

Cheers over lower prices at the pump

The drop in the price of gasoline and diesel, following new pricing regulations introduced last week, has been especially cheered by people whose incomes are low. ...

Chea Vannak
http://www.khmertimeskh.com/news/22858/cheers-over-lower-prices-at-the-pump/

Commerce minister says TPP could help Cambodian trade

Cambodia will need several years to chart a path toward joining the US-led Trans-Pacific Partnership, but Commerce Minister Sun Chanthol believes it would be worth the effort. ...

Hul Reaksmey
http://www.opendevelopmentcambodia.net/wp-admin/post.php?post=87802&action=edit

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

UK trade envoy pushes FDI, British brands

The United Kingdom sees Cambodia as a strategic location at the heart of a transportation network through Thailand, Vietnam and Laos to reach China and other countries in the region and the world, a senior UK trade official said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/17898/uk-trade-envoy-pushes-fdi--british-brands/

Gov’t warns on renting of border land

The Interior Ministry has ordered all governors of border provinces to watch land that is being rented to people from neighboring countries for farming, amid ongoing border disputes. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/16969/gov---t-warns-on-renting-of-border-land/

Despite conflict, Cambodia’s borders continue to open

The opposition has accused Prime Minister Hun Sen’s government of a litany of sins, including ceding territory and allowing Vietnamese companies to exploit Cambodian resources. ...

James Reddick
http://www.khmertimeskh.com/news/15039/despite-conflict--cambodia---s-borders-continue-to-open/

China rice deal gets more urgent

Cambodia’s need to secure China as a rice export destination is becoming increasingly urgent, with China’s multiple pending agreements with other countries in Southeast and South Asia, said industry insider David Van. ...

Igor Kossov
http://www.khmertimeskh.com/news/14389/china-rice-deal-gets-more-urgent/

Farmers to reap info flow: gov’t

The Ministry of Agriculture, Forestry and Fisheries will roll out a new Agricultural Extension Policy that will look to boost the sector by making new knowledge and technology easily accessible to farmers and communities, in a bid to increase efficiency and productivity in the sector. ...

Chan Muyhong
http://www.phnompenhpost.com/business/farmers-reap-info-flow-govt

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