News
No improvement in 'Doing Business' report
With few reforms made in the past year, Cambodia ranked 138th out of 181 countries for the second consecutive year in the World Bank’s ‘Doing Business’ report released yesterday, a ranking that put it behind countries such as Syria and Sudan. The report ranks countries based ...
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 ...
Trade with Singapore soars
The Kingdom’s total trade with Singapore soared 148 percent in the first half of the year, while exports to Hong Kong increased 80 percent in the same period, according to Ministry of Commerce figures. The data showed that Cambodia’s exports to Hong Kong totalled in excess ...
Cambodia and UK trade surges in 2011
Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...
Inflation Will go Down Later this Year, Economy Minister Said
The Consumer Price Index increased by a total of 7.1 percent in June 2011 compared to the same period last year at the same time. Ministry of Economy and Finance expects that inflation would go down to 6.5 percent at the end of this year ...
1st Chinese Animal Feed Mill Launches in Cambodia
Phnom Penh–The first Chinese animal feed mill officially inaugurated here on Sunday, bringing the number of the same kind of factories in the country to five, said Cambodian Minister of Agriculture. “The factory is a new achievement of good cooperation between the governments and the peoples ...
http://news.xinhuanet.com/english2010/china/2011-08/28/c_131079538.htm
Agreement Inked on Trade Loans in Cambodia
The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...
China, Cambodia Ink 29 Agreements for Economic and Trade Ties
The relations between People’s Republic of China and Cambodia have become closer in the way of culture, in which China is the most important strategic development partner in improving Cambodia’s economic growth through both financial and technical grant aids,” Mr. Eang Sophalet, assistant to Samdech ...
Exports Increase 45.9% in First Six Months
Cambodian exports increased 45.9 percent to $2.15 billion in the first six months of the year compared to the same period in 2010, according to figures released by the Ministry of Commerce yesterday. Of the total value of exports, 80 percent, or $1.74 billion, were ...
Food Imports See Big Jump
CAMBODIA’S total food and beverage imports jumped 28 percent year-on-year through June to US$74 million, as domestic demand continued to outpace the Kingdom’s production capacity. The demand comes as Cambodia’s economy regains momentum following the global financial crisis, said officials at the Ministry of Commerce, ...
http://www.phnompenhpost.com/index.php/2011082351201/Business/food-imports-see-big-jump.html
No Change to Reserve Requirement
Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...
http://www.phnompenhpost.com/index.php/2011081851125/Business/no-change-to-reserve-requirement.html
Exports Rise, but Value of Goods Remains Weak
Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...
Petroleum imports surge on economic growth
A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...
Korea trade keeps on climbing
CAMBODIA’S trade with South Korea grew 38 percent in the first half of 2011 on the same period last year, according to Korea Trade-Investment Promotion Agency (KORTA) statistics. The growth is partly due to increasing numbers of South Korean importers seeking business in Cambodia, KOTRA’s ...
http://www.phnompenhpost.com/index.php/2011080850915/Business/korea-trade-keeps-on-climbing.html
US Debt Woes Could Affect Cambodia, Conference Told
Cambodia is concerned that US debt could lead to rising import costs. US lawmakers are currently trying to pass a deficit-cut deal before Aug. 2 when the US reaches its own debt ceiling of $14.3 trillion. Without a deal the US would default on its ...
Imports from Thailand show decline
The Thai embassy has released figures that show that exports to Cambodia have decreased slightly from $1.095 billion to $1.091 billion. Total trade between the nations has increased by 3.5 percent for during the first of the year when compared to last year. Cambodia has ...
Thai Exports Ban to Benefit Hog Farmers
A ban of live pig exports by Thailand will benefit local farmers as prices are expected to rise. According to the MSME Project most of the pork in Cambodia comes from Thailand. Only 40 to 50 percent of Cambodia’s hogs are supplied by domestic farmers. ...
