News

Luxury Motor Show takes on Used Car Market

At Cambodia’s first ever international motor show over the weekend, top-end car manufactures including Mercedez-Benz, BMW and Ford presented their luxury range of SUV’s, sedans pickup trucks and motorbikes. Vehicle imports to Cambodia, which include cars, trucks and motorcycles, more than doubled to 1.9 million ...

http://www.cambodiadaily.com

Logger Reported Dead as Rosewood Trade Directive Announced

Amid reports that a second Cambodian has been killed this year by Thai armed forces while illegally logging in Thai border territory, officials had little detail yesterday on a government directive that is aimed at ending the international demand for rosewood from Cambodia. Prime Minister Hun ...

http://www.cambodiadaily.com

Construction Revival Behind Import Growth

A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...

http://www.cambodiadaily.com

Trade Reached $11.17B In First Ten Months

Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...

http://www.cambodiadaily.com

Cambodian vegetable farmers forced to compete with Vietnamese rivals

Cambodian vegetable farmers say they are being forced to compete with more efficient farmers in Vietnam who use farming techniques to make their vegetables grow faster. Farmers in Sambork Meas, a village on the Mekong River in Mokkompul commune in Bakkeng district in Kandal province, say ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=ZWEwOWJiNzMwZWY4NmNhNzBhYjQxZWU0NzU2Mzk0

Cambodia's Trade Deficit Grows to Almost $2 Billion

Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on Saturday. Chinese state news agency Xinhua reported that the total value ...

Trucking Companies Plagued by High Costs, Informal Payments

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

http://www.cambodiadaily.com/business/trucking-companies-plagued-by-high-costs-informal-payments-3716/

High Costs Cripple Trading Firms, Report Says

Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...

Port more active over nine months

Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...

http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

Thailand's Khon Kaen sees double-digit revenue growth next year

Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...

http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924

Phnom Penh sees rise in shipments in 2012

Container traffic through the Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year compared to the sme period last year, according to port figures. In the January through August period, the port received 57,000 twenty-foot-equivalent units, or TEUs, up ...

http://etmcambodia.com

Inflation rises 1.3 percent

Cambodia’s consumer price index rose by 1.3 percent in July compared to a year earlier on the back of higher food and fuel prices, according to data from the National Institute of Statistics. The increase was also due to non-alcohol beverages, clothing and footwear, housing, water, ...

http://etmcambodia.com

Cambodia spends 1 bln USD for oil imports in 7 months

Cambodia had spent 1 billion U. S. dollars to buy petroleum from foreign suppliers in the first seven months of this year, up 22 percent from 817 million U.S. dollars at the same period a year ago, a report of the Commerce Ministry showed Saturday. The ...

http://www.dap-news.com/en/index.php?option=com_content&view=article&id=9579:cambodia-spends-1-bln-usd-for-oil-imports-in-7-months-&catid=1:local-news&Itemid=18

Price of imported raw silk decreases

The price of imported raw silk decreased to US$44 per kilogram even as raw silk production fell off, according to industry insiders. Imported raw silk dropped 12 per cent to $44 per kilogram compared to $50 per kilogram last May. Cambodia Craft Federation CEO Soeng Kemyun, said ...

http://www.phnompenhpost.com/index.php/2012091158633/Business/price-of-imported-raw-silk-decreases.html

Cambodia's Trade Grows By 15 Percent

Cambodia’s total trade volume grew 15.41 percent to reach$7.46 billion in the first seven months compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Revenues earned through exports reached $2.9 billion, an increase of 11.82 percent compared to ...

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