Wednesday, November 21, 2018
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Kang Sothear

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Bilateral Trade With Malaysia Up 17.6 Percent

Bilateral trade between Cambodia and Malaysia increased during the first quarter this year by 17.6 percent compared to the same period last year, a Malaysian official said Tuesday.

Vietnam’s Fish Industry Dominates in Cambodia

At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, Phy Veasna has a business importing fish from Vietnam. “In Cambodia we don’t have fish,” he says. “If Cambodian fish were available I wouldn’t need to buy and sell Vietnamese fish.” But Cambodia does have fish, lots of them.

Value of Imported Goods From Thailand Jumps 14 Percent

The total value of goods imported from Thailand increased more than 14 percent in the first four months of this year compared to the same period last year, according to data released Friday by the Thai Embassy in Phnom Penh.

Government Officials Meet Railway Evictees

Government officials met with about 200 families who stand to be affected by a railway rehabilitation project funded by the Asian Development Bank in Phnom Penh’s Toul Kok district on Friday to present their plans for the rest of the project and discuss the possibility of additional compensation.

Rice Exports Inch Higher As Thailand Ups Imports

Cambodian rice exports inched up one percent in the first five months compared to the same period last year, while rice imports from Thailand also increased following offloading of the country’s stocks, official figures show.

Fire Causes Customers to Flee Karaoke Club

A fire destroyed 10 rooms at a karaoke club in Meanchey district shortly before midnight on Thurs­day, but no customers or employees were injured and the fire was quickly contained, according to local officials.

Accused Fraudster Announces New Project

A Japanese businessman who was publicly accused this week of defrauding nearly 100 compatriots out of millions of dollars in fake Cambodian real estate deals an­nounced Friday the launch of a new technology project in Banteay Meanchey province.

Rice Farmers Neglected Amid Exports Push

Cambodia’s rice farmers are being neglected amid the government’s push to ramp up exports of milled rice to one million tons by the end of next year, a goal that will only be reached with improved cultivation, agriculture experts and farmers said Wednesday at the Royal University of Phnom Penh.

Vendors Hit as Price of Thai Durian Imports Rise

The price of durian from Thailand has risen sharply this year, leading to shrinking profits for fruit vendors in Phnom Penh as demand from China for the spiky, pungent fruit grows more robust.

Foreign Currency Deposits See Strong Growth

Foreign currency deposits grew briskly during the first four months of the year, a sign that public confidence in Cambodia’s financial institutions is high despite the uncertainty after last year’s disputed national election, bankers said this week.

Thai Upheaval Puts Tourism Plan in Jeopardy

The Ministry of Tourism said during a meeting Monday that as Thailand’s tourism industry languishes amid political upheaval, leading to a steep drop in Chinese tourists, Cambodia must ensure that its own efforts to turn the country into a haven for Chinese tourists aren’t dashed.

Government Revenue and Spending Up in 2013

Cambodia’s state coffers continued to expand last year, with government revenue increasing by eight percent over the year before as a result of higher tax collection, while expenditures jumped 32 percent to $3.1 billion, according to a statement from the Ministry of Finance.

Construction Project Value Soars in First Quarter

The value of approved construction projects has soared 413 percent during the first three months of the year compared to the same period last year amid an increase in domestic investment and property speculation ahead of planned regional integration next year.

Sok An’s Son Elected Head of Rice Federation

Sok Puthyvuth, the son of Deputy Prime Minister Sok An, won the votes of Cambodia’s rice millers, exporters and other industry players Monday to be elected president of the newly created Cambodian Rice Federation, which aims to link industry stakeholders and iron out the inefficiencies plaguing the sector.

Gas Company Employee Strikes Suspended for Wage Study

After a week of strikes, employees at Caltex gas stations agreed to go back to work Friday after being promised a $20 one-time bonus while the company studies its wage structure, a union representative said Friday.

Rubber Prices Tumble as Industry Panics

Cambodia’s steadily declining rubber prices have hit critically low levels that are destined to only get worse as Thailand prepares to offload huge rubber stocks, the secretary-general of the Association for Rubber Development of Cambodia said Thursday.

Tourism Sector Outstrips Skilled Workforce

Cambodia’s tourism sector is growing at an unsustainable rate as the skilled workforce fails to keep pace with rising demands and opportunities in the hospitality industry, officials at the Ministry of Tourism and Industry experts say.

Provincial Governors Get RCAF Promotions

The governors of Siem Reap and Kompong Chhnang provinces have been promoted in the military, according to a royal decree signed last month.

Protests See Some Businesses Bust, Others Boom

Hundreds of demonstrators regularly gather outside the Phnom Penh courthouse when high-profile cases are being tried, but Phy Mengleng, the manager of an electronics store across the street from the court, wishes they would just go away.

Candidates Vie to Head New Rice Federation

The Ministry of Commerce met with candidates vying for the top job in the newly formed Cambodian Rice Federation on Monday to assess their applications ahead of the election later this month.