Trading low as gold prices stay stable

9 June 2016

Gold retailers continue to enter into the Cambodian market despite a drop in demand in recent months as prices remain stable. Ly Hour Money Exchange and Jewelry, the girl said “I sell about 20 damlung of gold a day for $1,505, if prices decrease to 1,300 per damlung, I can sell nearly 100 damlung of gold per day.”

Source:

http://www.phnompenhpost.com/business/trading-low-gold-prices-stay-stable

CAMFOOD expo set to bring in foreign goods

9 June 2016

The fifth annual CAMFOOD and CAMHOTEL expo is scheduled for 22 October and will mostly feature foreign companies, giving local companies the opportunity to learn from foreign business practices as well as showcase their own products. The local companies cannot get this experience in any class or any school. Cambodians have very good products but they need to learn branding and marketing.

Source:

http://www.phnompenhpost.com/business/camfood-expo-set-bring-foreign-goods

Cambodia’s Pharmaceutical Product Import Increases by 10%

9 June 2016

Cambodia’s import of pharmaceutical products increase of around 10%. This increase in medicine import is not because of people’s poor health, but of the population growth, explained the same source. The pharmaceutical products are mostly imported from France, India, Thailand, China, and Indonesia at a total cost of some US$100 million a year.

Source:

http://www.akp.gov.kh/?p=81879

Malaysian Businessmen Urged to Invest in Cambodia

6 June 2016

The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. Last year, the total trade volume between the two countries was about $388 million.

Source:

http://www.khmertimeskh.com/news/25770/malaysian-businessmen-urged-to-invest-in-cambodia/

Fuel prices steadily increase

6 June 2016

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels.

Now, crude oil was nearly $50 per barrel. Cambodia imports between 1.5 million and 2 million tons of petrol and diesel annually. It is estimated that up to 5 to 7 million litres of fuel products are consumed daily.

Source:

http://www.phnompenhpost.com/business/fuel-prices-steadily-increase

Phillip Bank launches collateral-free credit

6 June 2016

Singapore-based Phillip Bank announced yesterday that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. The collateral-free credit product hopes that this will provide the opportunity to capitalise on consumer’s abilities to make regular repayments.

Source:

http://www.phnompenhpost.com/business/phillip-bank-launches-collateral-free-credit

Grow Asia targeting six local cash crops

6 June 2016

Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on 13 June in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential.  The six crops: rice, cassava, coconut, palm sugar, pepper and vegetables.

Source:

http://www.phnompenhpost.com/business/grow-asia-targeting-six-local-cash-crops