Economy and commerce
Trade
Paddy farmers risk losses as prices fall
Paddy prices in the capital are falling on weak demand and the drop risks damaging the market, farmers and traders said. The market price for 100 baskets of stored manaw thukha paddy in Nay Pyi Taw was almost K850,000 in September, but has since fallen to ...
Port signs new deals with Vietnamese companies
The Phnom Penh Autonomous Port announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal province. Hei ...
Textile & garment companies still attract foreign investors
Though growth in investment in the textile & garment sector has slowed down, it is still attractive in foreign investors’ eyes. The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign ...
Shark fin trade swims on, despite ban
Pungent piles of dried fish meat fill tiny shops on the ground floor of Phnom Penh’s Phsar O’Russei as the latest catch flops in metal basins. Hanging from some stalls are bags of half-meter long, leathery, dried shark fins—destined for expensive bowls of a soup ...
Gov’t, Vietnam exchange blame on logging
Cambodian conservation officials spoke publicly for the first time on October 10 about what they described as nearly three years of corrupt practices by their Vietnamese counterparts in facilitating the multibillion-dollar illicit trade in Siamese rosewood. But their complaint comes amid allegations from Hanoi that ...
China downplays reports of sharing river waters with India
Playing down official media reports mooting a mechanism to share Brahmaputra river waters with India, China on October 10 said Beijing and New Delhi have “effective” cooperation to share data of the river flow and it is willing to continue it. “China and India have appropriate ...
China places first order for Thai rice under last Dec’s G2G deal
China has agreed to place the first purchase order for 100,000 tonnes of Thai rice under a government-to-government contract for a total of one million tonnes, which was signed last December. The order is for new-crop 5-per-cent white rice at a free-on-board price of US$399 per tonne ...
US officially terminates sanctions order
After imposing economic sanctions on Myanmar for nearly two decades, the US formally abolished the blacklist on October 7. US President Barack Obama signed an executive order terminating the sanctions, following his pledge to do so made when State Counsellor Daw Aung San Suu Kyi visited ...
Thai group promises to build new SEZ
Prime Minister Hun Sen welcomed a pledge by a Thai-based industrial real estate developer on October 10 that promised to build a special economic zone in Cambodia, despite officials saying the company has yet to make any firm commitments. According to local media, the pledge was made ...
Illegal waste imports reach alarming level
Mismanagement and legal loopholes have both lent a hand to enterprises to illegally import prohibited waste. The National Assembly’s Standing Committee convened a meeting on September 13 discussing the amendment of the Technology Transfer Law. At the meeting, National Assembly’s Chair Nguyen Thi Kim Ngan asked: “Will ...
