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

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

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