Economy and commerce
Trade
Cassava prices hit a new low
Cassava prices in Cambodia experienced a sharp drop this month leading to heavy losses for smallholder farmers unable to quickly switch to more profitable crops and recoup their mounting losses, a provincial agriculture official said yesterday.Faced with low prices of around 144 riel ($0.035) per ...
US initiates anti-dumping investigation on VN’s polyester
he US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Việt Nam.These investigations are based on petitions filed by DAK Americas ...
The next chapter for the Trans-Pacific Partnership
The future of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement. The TPP was the economic arm of ...
Demarcation complete, Luang Prabang eyes investment to push SEZ project ahead
Development of a US$1.2 billion special economic zone (SEZ) in Luang Prabang province has faced delays attributed to project demarcation now completed while its developer seeks further investment and financial backing. The plans for the zone include a 23-storey building, schools, hospitals, shopping centre, bank, ...
China’s squeeze on capital outflow felt in Cambodia
Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects.Read more ...
Vietnam’s black pepper race persists notwithstanding price dip
Though per-kilogram prices of black pepper in Vietnam have dropped 65 percent since their record high two years ago, local growers are still racing to increase production. After peaking at VND200,000 ($8.81) per kilogram in 2015, the price of black pepper in Vietnam has plummeted ...
Mandalay to China rice exports dip
Rice exports from Mandalay to China have dropped to almost nil due to finance difficulties caused by China’s decision to freeze 132 bank accounts of Myanmar citizens on June 14, said rice traders in the border region.The freezing of the bank accounts has caused difficulties ...
NA President hails Laos-Cambodia bilateral relations, cooperation
The Lao side highly values the relations and cooperation between Laos and Cambodia, President of the National Assembly (NA), Ms Pany Yathotou told her visiting Cambodian counterpart Heng Samrin in their meeting yesterday in the capital. Mr Heng Samrin is paying an official goodwill visit ...
Shaky outlook for black pepper
The rapid expansion of pepper cultivation in Cambodia coincides with the spice’s plummeting world prices, creating concerns that the glut of pepper ripening on vines across the Kingdom could further erode next season’s market prices and push the sector toward a collapse.Read more ...
Wood veneer exports approaching limit
Wooden veneer, partially-processed timber products have been exported in accordance with the government’s special permission, according to the latest official report. The latest report from the Ministry of Industry and Commerce showed that as of May 19, as many as 12,182 cubic metres of veneer ...
