News
Consensus reached on fuel pricing procedure
The government has reached an agreement with two foreign oil companies operating in Cambodia on a proposed fuel-price mechanism, ending a two-month deadlock that has prevented it from implementing a price ceiling on gasoline sold at petrol stations across the Kingdom. ...
Sor Chandara
http://www.phnompenhpost.com/business/consensus-reached-fuel-pricing-procedure
PTT to add 70 gas stations by 2020
An additional 70 gas stations will be set up across the country by 2020 by PTT (Cambodia) Limited, a subsidiary of Thailand’s PTT oil and gas conglomerate, while retail prices will soon be regulated to reflect the fluctuations in global oil prices. ...
Sok Chan
http://www.khmertimeskh.com/news/22390/ptt-to-add-70-gas-stations-by-2020/
Rice sector facing collapse, millers warn
About half of the country’s rice millers and exporters went out of business last year and those clinging on are likely to follow suit within two years unless the government injects capital into the sector and takes measures to curb the flood of imported rice ...
May Kunmakara
http://www.khmertimeskh.com/news/22030/rice-sector-facing-collapse--millers-warn/
US trade treaty to aid kingdom's TPP ambitions
As Prime Minister Hun Sen attends the US-ASEAN Summit in California today, government officials are in the midst of ongoing negotiations with their American counterparts to formulate a trade and investment agreement, which analysts say could be a stepping stone towards one day joining the ...
Ananth Baliga
http://www.phnompenhpost.com/business/us-trade-treaty-aid-kingdoms-tpp-ambitions
Exports through port rise nearly 10 percent from 2014
The number of ships coming through the port rose 17 percent year to year, and cruise ships rose from 25 to 36. ...
Phorn Bopha
http://www.voacambodia.com/content/exports-through-port-rise-nearly-10-percent-from-2014/3154467.html
Meeting on gas prices postponed again
The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...
Sum Manet
http://www.khmertimeskh.com/news/16570/meeting-on-gas-prices-postponed-again/
Cambodia's trade volume up nearly 10 pct in 1st half of 2015
Cambodia’s trade volume with foreign countries was valued at $ 9.75 billion in the first six months of 2015, an increase of 9.5 percent from $ 8.9 billion over the same period last year, according to Chinese News Agency-Xinhua quoted the ministry of commerce’s statistics. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-trade-volume-up-nearly-10-pct-in-1st-half-of-2015-8837
Cambodia, Thailand to open new border crossings
Cambodia and Thailand are planning to open four new border crossings in four provinces as part of a move to increase trade between the two countries, officials said yesterday. ...
Igor Kossov and Ek Madra
http://www.khmertimeskh.com/news/14631/cambodia--thailand-to-open-new-border-crossings/
After criticism, Ministry restores company database
Just days after a human rights group criticized the Commerce Ministry for stripping its newly revamped website of detailed information on businesses operating in Cambodia, the ministry restored its searchable database. ...
Chris Mueller
https://www.cambodiadaily.com/news/after-criticism-ministry-restores
Commerce Ministry takes AEC on the road
The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...
Chan Muyhong
http://www.phnompenhpost.com/commerce-ministry-takes-aec-road
New companies registered in Cambodia jump 36 pct in 9 months
Cambodia has issued operating licenses to 3,025 new companies in the first nine months of 2014, up 36 percent over the same period last year, the Ministry of Commerce said on Tuesday. Foreign companies were 1,335, an increase of 20 percent, as local registrations saw a ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141104/new-companies-registered-cambodia-jump-36-pct-9-months
France to train garment firms
French textile and garment association Evalliance yesterday signed an agreement with the Garment Manufacturers Association of Cambodia (GMAC) to provide training for middle-management workers in the industry. Speaking at the signing ceremony in Phnom Penh, Van Sou Ieng, chairman of GMAC said the agreement aims to ...
Chan Muyhong
http://phnompenhpost.com/business/france-train-garment-firms
Commerce claims that donations not political
The Ministry of Commerce has defended its solicitation of donations from private organisations as voluntary, legal and a form of corporate social responsibility. The ministry’s response comes after Post Weekend revealed on Saturday, through leaked documents, that the Garment Manufacturers Association in Cambodia (GMAC) made a ...
Eddie Morton
http://phnompenhpost.com/business/commerce-claims-donations-not-political
Steady rise for business registration in Kingdom
Despite ongoing protests over the minimum wage in the garment industry and the political deadlock that lasted well in to July, Cambodia registered over 3,000 new businesses from January to September this year. The latest data from the Ministry of Commerce reveal there were 3,025 newly ...
May Kunmakara
http://phnompenhpost.com/business/steady-rise-business-registration-kingdom
Cambodia imports construction materials worth 229 mln USD in first 6 months
Cambodia had spent about 229 million U.S. dollars buying construction materials from foreign countries in the first six months of 2014, up 3 percent from 223 million U.S. dollars over the same period last year, a report of the Ministry of Commerce said Tuesday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140909/cambodia-imports-construction-materials-worth-229-mln-usd-fi
Cambodia sees 44% rise in new company registrations in 7 months
Cambodia has granted operating licenses to 2,424 new companies in the first seven months of 2014, up 44 percent compared with 1,688 firms over the same period last year, according to the latest report of the Ministry of Commerce on Tuesday. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=238871
Russia pledges duty-free trade
Russia is set to approve duty- and quota-free imports for up to 3,000 Cambodian agricultural products, according to local government officials. A statement issued by Cambodia’s Ministry of Commerce on Friday states that Russia’s Minister for Economic Development, Alexey Ulyukaev, agreed in principal to increase the ...
Chan Muyhong and Charles Rollet
http://phnompenhpost.com/business/russia-pledges-duty-free-trade
Quality control to lift exports
China will work with Cambodian officials to broaden the range of agricultural products that the Asian economic giant allows to be imported from the Kingdom, government officials said yesterday. Ken Ratha, spokesman for the Ministry of Commerce, confirmed that China’s General Administration, Quality Supervision, Inspection and ...
Chan Muyhong
http://www.phnompenhpost.com/business/quality-control-lift-exports
Cambodia, US trade up in first half of year
Trade data from the US shows Cambodian exports to the world’s largest economy increased 6 per cent during the first six months of the year. As of June 30, Cambodian exports to the US totalled $1.4 billion, up from $1.32 billion recorded during the same six-month ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-us-trade-first-half-year
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
Cassava farmers plead for gov’t help
Cassava farmers are calling on the government to standardise prices and help stabilise demand as the market for the root crop continues to prove risky for growers. Cassava exports totalled 226,000 tonnes in the first six months of the year, down 21 per cent from a ...
Chan Muyhong
http://www.phnompenhpost.com/business/cassava-farmers-plead-gov%E2%80%99t-help
Cashew nut export numbers aren’t adding up: producers
Cambodian cashew nut exports are on the rise, yet export figures are still well below production numbers, with thousands of tonnes unaccounted for. Unshelled cashew nut exports totalled close to $2.5 million in the first six months of the year, with 2,800 tonnes exported, a rise ...
Chan Muyhong
http://www.phnompenhpost.com/business/cashew-nut-export-numbers-aren%E2%80%99t-adding-producers
Italy demands ‘fairer’ rice deal
Italy has demanded that the European Union restrict Cambodia’s duty-free import status, as concerns over the survival of that country’s rice sector appear to be reaching a fever pitch. According to rice industry website Oryza, the Italian government has officially submitted a request to the EU ...
Eddie Morton
http://www.phnompenhpost.com/business/italy-demands-%E2%80%98fairer%E2%80%99-rice-deal
Cambodia sees 1.41 bln USD trade deficit in 1st half of 2014
Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday. Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2014-07/15/c_133484829.htm