News
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
New registered businesses increase by 33 percent
The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...
Kang Sothear
http://www.cambodiadaily.com/business/new-registered-businesses-increase-by-33-percent-62376/
Half-year protest shutters factory
A six-month protest over unpaid bonuses has seen production at a Por Sen Chey district box factory grind to a halt over the past four days, with more than 200 former employees blocking gates and preventing shipments. Former employees at Harta Packaging Industries began barricading gates ...
Mom Kunthear
http://www.phnompenhpost.com/national/half-year-protest-shutters-factory
New business registrations in Cambodia rise 55 pct in 5 months
Cambodia’s Ministry of Commerce said Friday that it has granted operating licenses to 1,676 new firms in the first five months of 2014, up 55 percent as compared with the 1,084 companies for the same period last year. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-06/20/c_133424091.htm
Gov’t continues to seek new markets
The Ministry of Commerce has vowed to uncover more markets for Cambodian products to help buffer against price fluctuations caused by the Kingdom’s dependency on neighboring countries. In a response to concerns raised on social media, Commerce Minister Sun Chanthol wrote on the ministry’s official Facebook ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-continues-seek-new-markets
National Silk Board delayed as ministries fail to coordinate
Formation of the National Silk Board (NSB) has been delayed due to a lag in coordinating ministries to create the industry body, according to the spokesman of Ministry of Commerce. The former minister of commerce, Cham Prasidh, said in June last year that he was aiming ...
Chan Muyhong
http://www.phnompenhpost.com/business/national-silk-board-delayed-ministries-fail-coordinate
Cambodia's foreign trade up 15% amid ongoing political row
Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=213997
Cambodian rice exports fall in Q1
As Thailand sells its rice reserves and reforms in Myanmar are rewarded with more access to markets abroad, Cambodia’s total exports of milled rice are on the decline, falling more than 10 per cent in the first quarter of this year compared with the same ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodian-rice-exports-fall-q1
EU trade commissioner visits Cambodia to boost ties
The European Union (EU) Trade Commissioner Karel De Gucht started his visit to Cambodia on Tuesday to bolster bilateral trade link. De Gucht held talks with his Cambodian counterpart Sun Chanthol and both sides agreed to further promote bilateral trade relations for mutual benefits, Ken Ratha, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-03/18/c_133195945.htm
Long-term plans for durian
Though an occasional mango or pineapple can be spotted on Eung Uy Kheam’s sleepy farm in Kampot province, it’s the 130 durian trees that the fourth-generation farmer calls his cash crop. In Kampot, on Cambodia’s southwest coast, a pilot project led by the provincial Department ...
Chan Muy Hong and Daniel de Carteret
http://www.phnompenhpost.com/business/long-term-plans-durian
Increased residential, office and retail demand fueling rise in construction imports
Cambodia spent more than $414 million on imported construction materials to meet increasing demand in the local construction and property sectors last year – a rise of 7 per cent compared to 2012. According to officials and industry insiders, the increased value of imports reflected steady ...
Exports to the US see slight rise
Cambodia’s exports to the United States, the country’s biggest market, were valued at about $2.8 billion last year, a three per cent rise from $2.7 billion in 2012, according to fresh statistics from the US Department of Commerce. Ken Ratha, a spokesman for Cambodia’s Ministry of ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-see-slight-rise
Politics not quite all in the family
Kem Sokhon, the brother of Cambodia National Rescue Party deputy president Kem Sokha, is continuing to progress through government ranks. Sokhon – who has been openly critical of his brother’s policies since defecting from the opposition – told the Post yesterday he is now an adviser to senior ...
Meas Sokchea
http://www.phnompenhpost.com/national/politics-not-quite-all-family
India urges more trade action
The Indian ambassador to Cambodia is calling on the government to reduce exorbitant shipping costs and take better advantage of a tariff scheme that India offers, two obstacles that the diplomat says are discouraging bilateral trade. Ambassador Dinesh Patnaik said on Tuesday that Indian businesses exporting ...
Eddie Morton
http://www.phnompenhpost.com/business/india-urges-more-trade-action