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 [...]
A YEAR after Chinese Vice President Xi Jinping visited Cambodia to sign a staggering US$1.2 billion in economic deals with the government, Prime Minister Hun Sen heads to China for this week’s five-day visit to further entrench economic ties between the two countries. After the recent introduction of Bank of China, the country’s second-largest in [...]
KAMPOT Pepper yields are expected to increase significantly in the first harvest since gaining Geographic Indicator status in April, as increased demand from exporters drives up prices. Output this season is expected to surge by 60 percent, from 10 tonnes at the last harvest to 16 tonnes, this harvest. The increase has been driven by [...]
China’s COFCO, the largest oils and food importer and exporter in China and a leading food manufacturer, on Tuesday afternoon expresses its interest to invest in rice exports and tourism in Cambodia. “We are very interesting in rice exports from Cambodia and hotel industry in Cambodia,”Yang Hong, vice president of China Oil and Foodstuff Corporation [...]
HA NOI — Despite the fact that many Vietnamese companies are increasing their investments in the promising Cambodian market, they are still faced with a number of difficulties and have asked the Government for more support. Vietnamese firms have entered Cambodia in the fields of farm produce, finance, telecommunications, hydro-power and cash crops such as [...]
The Richard Peiris Group (RPC) which has turned around the corner in the current financial year and heading for its biggest profit in history, says it’s looking to acquire assets overseas and build a plantation base in countries like Cambodia and Vietnam, official sources said. “We find there is insufficient land here for expansion in [...]
A CAMBODIAN association has signed a deal worth US$22.4 million with a Vietnamese firm to plant 20,000 hectares worth of paddy rice for export. The Community of Takmoa Agricultural and Industrial Development yesterday signed an investment deal with Vietnam’s Thai Thinh Company. Lim Kimkhun, head of the Takmoa association, said that the cooperative agreement between [...]
A free trade agreement with India has been passed by Cambodia’s Council of Ministers and now awaits final approval from the National Assembly. Ratification talks for the ASEAN-India Free Trade Agreement are set to take place later this month, according to Cheam Yeap, chairman of the National Assembly’s Banking and Finance Committee, after ministerial approval [...]
TRADE between Cambodia and China over the first nine months of 2010 has already surpassed the total amout recorded last year, according to figures from the Ministry of Commerce’s Camcontrol department obtained yesterday. Bilateral trade totalled US$813 million in 2010 to the end of September, a 3 percent rise compared to the whole of 2009, [...]
Global economic crisis really affected Cambodia’s garment industry, which is one of main sector because it is dependent on foreign consumption. In the last nine months of this year, the number of order was down, even though about 20 new garment factories opened. Ken Loo, Garment Manufacturers Association of Cambodia Secretary General, said that foreign [...]