News

IMF: Cambodia should improve

The International Monetary Fund (IMF) said yesterday that Cambodia should improve its business climate and enhance competitiveness by upgrading infrastructure, improving the quality of labor, and strengthening governance as China changes its trade pattern by moving up the value chain. ...

May Kunmakara
http://www.khmertimeskh.com/news/29487/imf--cambodia-should-improve/

MFI lending continues on course

Cambodia’s microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests. ...

Hor Kimsay
http://www.phnompenhpost.com/business/mfi-lending-continues-course

US ambassador urges investment treaty

Cambodia has been asked to accelerate the final negotiations for a bilateral investment treaty with the United States to pave the way for more American investment in the Kingdom. ...

Sok Chan
http://www.khmertimeskh.com/news/26569/us-ambassador-urges-investment-treaty/

Learn DTAs, says Kith Meng

A sound understanding of double taxation avoidance agreements (DTAs) between Cambodia and other countries is crucial to lower barriers to promote cross-border investments and boost trade and economic flows between the Kingdom and its partner countries, said the president of the Cambodia Chamber of Commerce ...

May Kunmakara
http://www.khmertimeskh.com/news/26323/learn-dtas--says-kith-meng/

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/

US supports TPP bid

The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

Chea Vannak
http://www.khmertimeskh.com/news/25980/us-supports-tpp-bid/

Japan to help with patent law

The Ministry of Industry and Handicraft and the Japan Patent Office (JPO) yesterday signed an agreement for facilitating patent grants to obtain protection in Cambodia. ...

Sum Manet
http://www.khmertimeskh.com/news/24606/japan-to-help-with-patent-law/

Reshuffle a positive move says business community

The business community in Cambodia has welcomed the recent Cabinet reshuffle, which many say will improve the way the government works and will also improve the economy. ...

May Kunmakara
http://www.khmertimeskh.com/news/23187/reshuffle-a-positive-move-says-business-community/

Cambodia and United States to sign investment treaty

Cambodia expects to conclude a Bilateral Investment Treaty (BIT) with the United States within the next month that is set to expand trade and investment between the two countries. ...

May Kunmakara
http://www.khmertimeskh.com/news/21770/cambodia-and-united-states-to-sign-investment-treaty/

Industry ministry aims to increase patent protection

Due to the lack of qualified personnel to evaluate new patents and enforce the existing law, the Industry Ministry is cooperating with the European Patent Office to enhance their capacity so that Cambodia can better ensure protection of patents to draw more investment, Industry Minister ...

Sok Chan
http://www.khmertimeskh.com/news/19745/industry-ministry-aims-to-increase-patent-protection/

‘Policymakers still stuck in comfort zone’

As the global economy faces a challenging growth environment, developed and least developed countries are increasingly competing for export markets to spur growth, with many – like Cambodia – aiming to diversify markets as well as products. Cambodia has relied primarily on exports of ...

May Kunmakara
http://www.khmertimeskh.com/news/18178/---policymakers-still-stuck-in-comfort-zone---/

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/

Rice export goals quietly fall

Cambodia’s ambitious goal of exporting one million tons of rice this year has been quietly dropped. A follow-up export goal of 600,000 tons also is falling by the wayside. ...

T. Mohan and Muny Sithyna
http://www.khmertimeskh.com/news/12698/rice-export-goals-quietly-fall/

China signs 100,000-tonne rice import agreement

The Chinese government-run China National Cereals, Oils and Foodstuffs Corporation (COFCO) will today formally agree to import 100,000 tonnes of rice from Cambodia, local officials say. Representatives from COFCO and Green Trade Co, a Cambodian government-owned agriculture firm, today met in Beijing to sign the agreement, ...

Chan Muyhong
http://www.phnompenhpost.com/business/china-signs-100000-tonne-rice-import-agreement

Deadlock end lifts business spirits

Cambodia’s business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal ...

Eddie Morton and Daniel de Carteret
http://phnompenhpost.com/business/deadlock-end-lifts-business-spirits

Italy millers slam ‘unfair’ EBA

Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...

Daniel de Carteret
http://www.phnompenhpost.com/business/italy-millers-slam-%E2%80%98unfair%E2%80%99-eba

India’s rice dump may impact local exports

With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia’s rice producers fear that any spillover into the global rice trade may impact local exports. David Van, acting secretary-general of a newly established Cambodia Rice Federation, said ...

May Kunmakara
http://www.phnompenhpost.com/business/india%E2%80%99s-rice-dump-may-impact-local-exports

Exporter under attack in rice row

In December 2011, the managing director of Megagreen Imex Cambodia, Renne Outh, proudly announced that his firm had inked a $21 million deal to be the first to ship Cambodian rice to the Philippines. Nearly two and a half years on, not a single Cambodian grain ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/exporter-under-attack-rice-row

Thai rice failure hitting Cambodia

While last year was full of good news for Cambodian rice exports, which hit a record-breaking 378,800 tons, 2014 is getting off to a much slower start. Thai Prime Minister Yingluck Shinawatra’s controversial pledge to pay farmers above market rates for their rice is coming ...

Chan Muy Hong and Daniel de Carteret
http://www.phnompenhpost.com/business/thai-rice-failure-hitting-cambodia

EU clarifies rice comments

While the European Union Trade Commissioner Karel De Gucht never told the Ministry of Commerce that Cambodian rice was “30 per cent” mixed with the same product from Vietnam, he did say Cambodia had to better ensure that its harvest was homegrown and not from ...

Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/eu-clarifies-rice-comments

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