News

Cambodia-Vietnam trade up 30 percent in 2017

Bilateral trade between Cambodia and Vietnam last year increased nearly 30 percent to about $3.8 billion according to Vietnamese state-run media, while Cambodia has yet to report trade statistics for most of 2017.  ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-vietnam-trade-30-percent-2017

Massive solar farm planned by US firm

US-based solar energy developer Omni Navitas announced a plan to set up a $500 million, 150-megawatt solar energy farm in Cambodia, which CEO Jim McAuliffe said would make it the largest solar farm in Southeast Asia by capacity. ...

Hor Kimsay
http://www.phnompenhpost.com/business/massive-solar-farm-planned-us-firm

Rain keeping local salt farmers from harvesting

Local farmers believe they won’t be able to produce enough salt this year to meet market demands, with weather conditions in the country being less than favourable, the president of the national salt association said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/50101594/rain-keeping-local-salt-farmers-harvesting/

Insiders say new concrete factories not enough to stabilise local sector

Four new Cambodian cement factories are set to come online in the near future, tripling the number of local producers, but insiders and officials this week maintained that even increased capacity will not significantly lower rates of cement imports to Cambodia due to prevailing high ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/insiders-say-new-concrete-factories-not-enough-stabilise-local-sector

Thailand port hope for Cambodian farmers

Cambodian farmers may be able to cut export costs from the middle of the year if an agreement is signed letting them send their produce through the Thai port of Laem Chabang. ...

Sok Chan
http://www.khmertimeskh.com/news/34243/thailand-port-hope-for-cambodian-farmers/

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/decline-transfers-linked-rice-prices

World Bank: Cambodia business climate improves

Cambodia continued to improve its business environment over the past year, according to the World Bank’s “Doing Business 2017” report that measures the regulations that enhance business activity and those that constrain it in 190 countries. The World Bank made this assessment despite the Kingdom’s ...

Sum Manet
http://www.khmertimeskh.com/news/31306/world-bank--cambodia-business-climate-improves/

Indonesia needs cheaper rice

Indonesia would consider buying more rice from Cambodia if the price was more competitive, the Indonesian ambassador to Cambodia told reporters after the Indonesian Trade and Tourism Promotion 2016 expo in Phnom Penh on Friday. Ambassador Pitono Purnomo said that Cambodia and Indonesia signed a ...

Sok Chan
http://www.khmertimeskh.com/news/30146/indonesia-needs-cheaper-rice/

Joint online tax system

The Ministry of Commerce and the Ministry of Economy and Finance’s general taxation department plan to jointly operate an online business tax registration system in a bid to strengthen tax collection in the country and root out corruption. Sok Sopheak, under-secretary of state of the Ministry ...

Chea Vannak
http://www.khmertimeskh.com/news/29545/joint-online-tax-system/

Minister discusses regional EU trade deal

Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/minister-discusses-regional-eu-trade-deal

SMEs: don’t look down on local goods

The Ministry of Commerce and representatives of small and medium enterprises (SMEs) came together on Friday to discuss ways to boost the promotion of made-in-Cambodia goods, both in local and international markets, against a background of local supermarkets discriminating against these local products. Minister of Commerce ...

Sum Manet
http://www.khmertimeskh.com/news/29022/smes--don---t-look-down-on-local-goods/

Lower fuel prices no remedy for troubled transport sector

While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/lower-fuel-prices-no-remedy-troubled-transport-sector

IPAC to work closely with gov’t to enhance intellectual property

Cambodia’s first independent association for promoting intellectual property (IP) is seeking closer cooperation with government agencies to help the private sector better understand IP, its benefits and the importance of registering their products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/ipac-work-closely-govt-enhance-intellectual-property

Consumer protection draft law almost ready

Officials at the Ministry of Commerce and Council of Ministers announced yesterday that a draft consumer protection law, which is intended to ensure that food and consumer products made domestically or imported into Cambodia are safe, was almost complete. A quarter of the almost 60 ...

Chea Vannak
http://www.khmertimeskh.com/news/28562/consumer-protection-draft-law-almost-ready/

Demand for flour on the rise

Wheat products have never had a big market in Cambodia, where meals revolve around rice, but Western influences are increasingly shaping local tastes and creating an appetite for flour products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/demand-flour-rise

Rice taskforce created, again

The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-taskforce-created-again

Exports to Japan rise sharply

Cambodia’s total exports of garments and footwear to Japan increased sharply in the first half of the year, according to latest figures from the Japan External Trade Organization (JETRO). ...

May Kunmakara
http://www.khmertimeskh.com/news/28319/exports-to-japan-rise-sharply/

Microsoft translation project to tackle business jargon

American software giant Microsoft announced yesterday that it would jointly implement a project with Cambodia’s Ministry of Commerce to create a translation program to simplify complex English and Khmer business terminology in order to help businesses better understand commonly used jargon. ...

Hor Kimsay
http://www.phnompenhpost.com/business/microsoft-translation-project-tackle-business-jargon

Bad meat among goods seized

More than 200kg of old meatballs were seized by the government’s Camcontrol in a crackdown on goods past their use-by dates in Pailin on Wednesday, according to the Ministry of Commerce. ...

San Bunsim
http://www.khmertimeskh.com/news/27546/bad-meat-among-goods-seized/

Cambodia’s oil imports up 64 pct in 2015

Cambodia imported 2.55 million tons of petroleum in 2015, up 64 percent from 1.55 million tons in the year before, according to the data of the Ministry of Commerce. ...

Hellenic Shipping News Team
http://www.hellenicshippingnews.com/cambodias-oil-imports-up-64-pct-in-2015/

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