News

Bird’s nest export plan ready to fly

Cambodia is looking to secure its first commercial contract for the export of swiftlet nests to China, but must first demonstrate compliance with the Asian giant’s hygiene protocols, a government official has said. Hean Vanhan, undersecretary of state at the Ministry of Agriculture, said swiftlet nests, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/birds-nest-export-plan-ready-fly

Government taking inventory of fuel stocks

The Ministry of Commerce is visiting the Kingdom’s petroleum importers to check their inventories following the release of new regulations this week that require the companies to maintain and report their stock levels, a ministry official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-taking-inventory-fuel-stocks

Palm sugar's GI status

Kampong Speu palm sugar is expected to receive its geographical indication (GI) status certification from the European Commission’s Directorate-General for Agriculture and Rural Development by the end of this year, according to an official from the Kampong Speu Palm Sugar Promotion Association (KSPSPA). Mr. Sok Sarang, ...

Sok Chan
http://www.khmertimeskh.com/news/29070/palm-sugar-s-gi-status/

Garment factories close amid political uncertainty

Political uncertainty in Cambodia has forced the garment and footwear industry to look to alternative countries to meet production needs, forcing more than 70 factories to close and a sharp drop in orders, a senior official from the Garment Manufacturers Association in Cambodia (GMAC) said ...

Sok Chan
http://www.khmertimeskh.com/news/28810/garment-factories--close-amid-political-uncertainty/

Government scrubs database that exposed Hun family riches

The Commerce Ministry has scrubbed its website of all corporate shareholder information since last month’s release of a report damned by Prime Minister Hun Sen’s children for shedding light on the first family’s sprawling business empire. ...

Zsombor Peter
https://www.cambodiadaily.com/news/government-scrubs-database-exposed-hun-family-riches-116772/

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/

Ukraine eyes Cambodia

Ukraine aims to promote more bilateral cooperation and boost trade with Cambodia. At the same time, Kiev is urging Ukrainian businesses to consider investing in the Kingdom’s high performing sectors. ...

Sum Manet
http://www.khmertimeskh.com/news/28247/ukraine-eyes-cambodia/

Cambodia asks UK for FTA

Cambodia’s Commerce Minister Pan Sorasak told British Ambassador Bill Longhurst he would like to see the two countries enter into a free trade agreement (FTA) as soon as possible following Britain’s decision to leave the European Union (EU). ...

Sok Chan
http://www.khmertimeskh.com/news/27684/cambodia-asks-uk-for-fta/

Royal Group gets exclusive steel deal from Posco

Yong Sheng Global Trading, a subsidiary within the Royal Group conglomerate, signed an exclusive partnership agreement with Posco SS-Vina, a Vietnamese-based steel company, for exclusive distribution rights of construction materials on Tuesday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/royal-group-gets-exclusive-steel-deal-posco

Bilateral trade with Thailand declines

Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

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