Phnom Penh Port aims for November listing

29 May 2015

The Kingdom’s second-largest port, Phnom Penh Autonomous Port, is aiming to be listed on the Cambodia Securities Exchange by this November, which would help raise funds for the development of a new terminal. The public offering, which is being managed by Yong Yang Securities, will help increase the terminal’s capacity to 300,000 containers, from the 150,000 developed during the first phase.

Source:

http://www.phnompenhpost.com/business/phnom-penh-port-aims-november-listing

Cambodia's sea port reports 19% rise in container throughput in 4 months

29 May 2015

The Sihanouk Ville Autonomous Port has seen a 19% rise in container volume in the first four months of 2015. Containerized cargo tonnage increased 9% to 1.29 million tons from 1.18 million tons. The port also saw a 7% increase in the import of petroleum from 410,792 tons in the first four months last year to 440,070 tons over the same period this year. The Sihanouk Ville Autonomous Port handles more than 60% of the country's cargo traffic. 

Source:

http://thecambodiaherald.com/cambodia/cambodias-sea-port-reports-19-pct-rise-in-container-throughput-in-4-months-8651

Exim Bank vows strong support for border trade

29 May 2015

Total export value by the end of 2014 was US$227.57 billion (Bt7.68 trillion), and the top four markets last year were China, the United States, Japan and the European Union.

The economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) are expected to expand by 7.2, 7.3, 8.3 and 6%. It is expected to grow by 7-8% annually over the next five years. Non-alcoholic beverages and vehicles, parts and engines are doing well in Cambodia. Exim Thailand has launched five products to support Thai business expansion along the border areas this year. The bank's services include short- and long-term loans, export credit insurance.

Source:

http://www.nationmultimedia.com/business/Exim-Bank-vows-strong-support-for-border-trade-30261075.html

Cambodia, EU Sign EU Multiannual Indicative Program 2014-2020

29 May 2015

Cambodia and the European Union (EU) signed cooperation the EU Multiannual Indicative Program (MIP) 2014-2020. This MIP with US$460 million is to support three priority sectors of the Rectangular Strategy-Phase III, including agriculture and natural resource management (EUR 144 million); education, vocational training and skills (EUR 140 million); and governance and administration (EUR 120 million).

Source:

http://www.akp.gov.kh/?p=63030

Cambodia appoints 7 new ambassadors to foreign countries

28 May 2015

Cambodia has appointed seven new ambassadors to foreign countries such as: ambassador to the United States, Australia, New Zealand, Kuwait, Indonesia, Japan, Belgium, and India. The National Assembly president told them to do all their best to further promote ties and cooperation between Cambodia and those host countries. Moreover, he urged them to attract investors and tourists in those countries to Cambodia.

Source:

http://thecambodiaherald.com/cambodia/cambodia-appoints-7-new-ambassadors-to-foreign-countries-8646

Gov’t seeks to reclassify croc status for export

27 May 2015

The government is proposing to de-list the Siamese crocodile as a highly endangered species in a bid to help crocodile farmers reach new markets.

Because the Siamese crocodile is listed as an Appendix I animal, which means it is a threatened species under the international wildlife protection treaty CITES, or the Convention on International Trade in Endangered Species of Wild Fauna and Flora, it is banned from export. And the government would attempt to list the reptile under Appendix II, making it possible for farmers to export them.

Source:

http://www.phnompenhpost.com/business/govt-seeks-reclassify-croc-status-export

Centre targets $47.5-billion textile exports in 2015-16

27 May 2015

The government has set the textile and clothing export target at $47.5 billion for the current fiscal, aiming for an almost 14% rise in outbound shipments from the actual level of 2014-15.

The country’s overall textile and garment exports grew roughly 5% in the last fiscal to $41.4 billion from a year before, said a textile ministry official. Still, the exports fell short of the official target of $45 billion for 2014-15. Earlier, quick estimates had showed that the exports during the April-February period went up by nearly 2% from a year before. The industry wants certain incentives to capture markets in countries such as Bangladesh, Vietnam and Cambodia.

Source:

http://www.financialexpress.com/article/economy/centre-targets-47-5-billion-textile-exports-in-2015-16/76187/