BILATERAL trade between Cambodia and Indonesia increased by 24.7 percent in the first nine months of 2010, and looks set to keep growing, according to trade officials yesterday. Two-way trade between the countries reached US$175 million in the year to October, compared with $140 million over the same period last year, according to figures from [...]
FREIGHT transported through Phnom Penh Autonomous Port was up 45 percent for first 11 months of this year, compared to the same period of last year. Statistics from the port show 57,089 TEUs (twenty-foot equivalent units) were transported through the facility between January and November this year, up 44.73 percent from 39,443 TEUs for the [...]
Growing trade in textiles and cars has contributed to a 45 percent surge in bilateral trade between Cambodia and South Korea in the first 10 months of this year, over the same period of last year. Data from the Korean Trade-Investment Promotion Agency, received by The Post late last week, showed trade had increased to [...]
The first Vietnam Supermarket in Cambodia will open on December 29, creating advantageous condition for domestic businesses to sell and advertise Vietnamese goods to people in this neighboring country. Construction of the Vietnam Supermarket, in Monivong Street, Phnom Penh, Cambodia, has a total capital of US$3 million, invested by Z38 Company, a member of Vietnamese [...]
IT is a common question asked by many at the Kingdom’s restaurants and bars – is the ice safe to consume? Poor quality ice, made with suspect water and using unhygienic handling measures, often leads to illness such as stomachaches, undermining trust in the product, according to Khim Nary, owner of Pop Ice Enterprise ice [...]
THE recent spate of Cambodia-focused gold mining firms seeking capital via initial public offerings is no coincidence. It is a sign miners and investors have regained an appetite for exploration and risk after a difficult period prompted by the global downturn. And Cambodia looks set to benefit. Last year global expenditure on mineral exploration plummeted [...]
A WORLD Bank economist called for reform to the Kingdom’s tax system yesterday, as a new report highlighted that government revenues as a share of gross domestic product were lower than in neighbouring countries. Some 11.5 percent of domestic GDP was collected as government revenues last year, compared with 15.5 percent for Indonesia, 16.6 percent [...]
ALTHOUGH the finer details of the proposed 2011 budget remain unclear, the government’s planned 18 percent increase in spending for next year represents good news for the economy in an age of global fiscal austerity. Should the National Assembly approve the proposal – it seems unlikely it will change significantly given how the CPP rammed [...]
CAMBODIA will hold its first ASEAN-standard certification test for the Kingdom’s pattern-makers next week, a move that insiders say will help improve the value of the domestic garment industry. Pattern-making involves creating prototype garments for mass production, but much of the work is presently sourced outside of the Kingdom, according to Mona Tep, president of [...]
Cambodia’s Prime Minister Hun Sen gave a speech to the graduate student on Monday that Cambodia’s milled rice will be exported to Chinese market and the both countries are negotiating and will be signing the agreement on the exports of rice from Cambodia. The premier added that by reaching the target, it must start from [...]