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Subject :  Trade Fair new link
Comment :  Please see trade fair new in the links:

Trade Fair in Kampong Speu

>Trade Fair in Phnom Penh

>Trade Fair in Phnom Penh news

 
Posted by: UC   On: 2006-04-17   From: cambodia  
Reply :    Trade Fair new link


Subject :  Great News
Comment :  Gerat news I think. Thanks for sharing this information
 
Posted by: LoveKhmer   On: 2006-04-02   From: cambodia  
Reply :    Great News

 
Replied by: Boros Khmer   On: 2006-04-03   From: cambodia   
  Yes I think so..

Subject :  Rubber producer targets foreign land to quench resource....
Comment :  Rubber producer targets foreign land to quench resource thirst
01April 2006

A Chinese company signed a contract in Haikou Friday with a Cambodian counterpart to plant rubber in the southeast Asian nation, the first such move to increase China's self-supply capacity of the valuable industrial material.

According to the agreement signed between Hainan Natural Rubber Industry Group Corp. and Suigang Investment Development Co. Ltd. of Cambodia, the Chinese firm will be able to grow natural rubber, establish rubber and wood processing plants on a land of 62,659 hectares in Cambodia, and operate rubber trade.

"We will adopt the latest industrial standards in the project, taking advantage of Cambodia's abundant natural resources," said Wu Yarong, chairman of the board with the Hainan-based company, China's largest rubber producer.

With over 250,000 hectares of cropland, the company produces 250,000 tons of natural rubber every year, which accounts for about a half of China's total output.

"The cooperation project will help improve the living standards of Cambodian people," said Sim Sonthim, chairman of the board with Suigang.

China has become the world's largest rubber consumer and importer since 2001. The national consumption hit 2.04 million tons last year, however, the annual output capacity was some 500,000 tons.

Facing the mere 600,000 hectares of arable land of rubber mainly located in Hainan, Yunnan and part of Guangdong provinces in southern China with abundant rainfall, Chinese rubber producers are focusing their eyesight on African and southeast Asian regions where huge favorable land resources are still left unused.

Rubber expert Jiang Jusheng said the cooperation with the Cambodian company marks the turning point of Chinese enterprises' pursuit of a new development mode for rubber industry to practice.

The Hainan-based rubber company also plans to invest 1.3 billion yuan (162.5 million U.S. dollars) in the establishment of a rubber processing factory with an annual output capacity of 300,000 tons and a rubber trade firm in southeast Asia by 2010, and acquire the right of using 140,000 hectares of land in African and Southeast Asian nations, said Wu.

Another Chinese rubber giant Yunnan Natural Rubber Group Ltd. also aims at planting over 3,000 hectares of rubber in a demonstration project in Myanmar by 2010, preparing for the expansion of 30,000 hectares.

Chinese rubber producers are stung by soaring price, which has rocketed to a maximum of 22,000 yuan (2,750 U.S. dollars) per ton in the world rubber market from nearly 6,000 yuan (750 U.S. dollars) five years ago, according to Jiang.

China's automobile industry will require some 716,000 tons of rubber in 2010 and 1.63 million tons ten years later, according to Chinese Academy of Automobile Engineering.

Prompted by the strong desire to seek overseas development, Chinese rubber firms are suffering from some business problems like transportation inconvenience and dual taxation both at home and abroad.

Chinese rubber producers are calling for more government support for their bold efforts in exploring foreign market to achieve a "win-win" situation, which in the end will boost rubber supply to domestic market.

Source:http://english.eastday.com/eastday/englishedition/business

 
Posted by: KounKhmer   On: 2006-04-01   From: cambodia  
Reply :    Rubber producer targets foreign land to quench resource....


Subject :  WB: Diversification Needed to Sustain Cambodian Economi....
Comment :  World Bank: Diversification Needed to Sustain Cambodian Economic Growth

March 30, 2006 - 07:20:35

By KER MUNTHIT


PHNOM PENH, Cambodia (AP) - Despite healthy growth in 2005, Cambodia's economy gives cause for concern because of its narrow base, the World Bank said Thursday.

"Cambodia's economy showed unexpected strength in 2005 with initial estimates of GDP growth at 7 percent," said the bank's latest report on the Asian region's economic development.

The new figure is almost a full point higher than the last projection, of 6.1 percent, that the bank had made in November for 2005 growth.

The bank said the increased growth was due to a "surging agricultural sector," with crop production _ especially rice _ and fishery yields significantly higher than in 2004. Expansion of international trade also was a contributor.

Although last year's growth was "impressive," diversifying the economy is necessary to keep it expanding, Rob Taliercio, a World Bank senior country economist, said at a news conference discussing the findings.

"The Cambodian agricultural sector seems to be characterized by a boom and bust cycle," he said, noting that growth in the sector was negative in 2002 and 2004, but positive in 2003 and 2005.

The fluctuation in the agricultural growth rates "creates a lot of vulnerability for poor people," commented Nisha Agrawal, the bank's country manager, calling for the government to implement a better irrigation policy and investment program to sustain the sector's growth.

Garment exports, Cambodia's main dollar earner, grew 10.6 percent last year to US$2.2 billion (euro1.8 billion) largely because of the restrictions imposed by the United States and the European Union on Chinese garment imports, the bank said.

About 71 percent of Cambodian garments were exported to the U.S. and 23 percent to EU markets, it said.

An increase in tourist arrivals and stable fiscal and monetary performance also boosted growth.

Cambodia received more 1.4 million visitors and produced nearly 6 million tons of rice last year, according to government statistics.

Prime Minister Hun Sen said Wednesday that Cambodia has a surplus of more than 2 million tons of rice above that needed for domestic consumption that can be exported.

Source: http://www.moneysense.ca/news/company_news/shownews.jsp?content=D8GLSQCO7_ap

 
Posted by: WatchDog   On: 2006-03-30   From: cambodia  
Reply :    WB: Diversification Needed to Sustain Cambodian Economi....


Subject :  Second-hand cars prepare to ‘land’ in Vietnam
Comment :  13:33' 20/03/2006 (GMT+7)

Second-hand cars flood Phnom Penh.
VietNamNet Second-hand automobilers in Phnom Penh and Cambodian areas bordering Vietnam have been busily preparing for the day that Vietnam opens its doors to second-hand cars.

Many Vietnamese traders have come to Cambodia to buy old cars while Cambodian traders are preparing goods to export to Vietnam after May 1, 2006. For only a few thousand US dollars one can come by a nice car in Cambodia.

At 8am, the Hanoi Pho restaurant at No. 310, Monivong Boulevard, Phnom Penh, was full, mostly of overseas Vietnamese businessmen and their relatives.

Lu Minh, a Chinese-Vietnamese entrepreneur, who has been quite successful in doing business in Cambodia, said that in Cambodia a car is as cheap as a motorbike in Vietnam. One can buy a car on the spot without any personal papers. He said that many Vietnamese people who have relatives in Phnom Penh have bought old cars to bring to Vietnam when the country opens it doors to second-hand cars.

Walking along the Tonle Sap River in Phnom Penh, one can see many auto showrooms and garages. On Monivong Boulevard there are showrooms of reputable car producers like Toyota, Ford, Nissan, GM, BMW, Mercedes, Daewoo.

A garage near the Lucky Market has hundreds of cars, mainly 4-15 seat cars, both old and new. Asked about the price of a Toyota Camry 3.0, the garage manager named Xia said $7,000; and only $5,000 for a Camry 2.4, and $1,000 for a Toyota Corona.

Lam Tai, an owner of an old garage in Phnom Penh, said: Ive known that Vietnam would open its border-gates to second-hand cars.

An overseas Vietnamese in Mean Chey district calculated: A ford Laser or a Toyota Camry 3.0 that has over several thousand kilometers in Cambodia is priced at only $6,000-7,000, but it will be around $20,000 when it is brought to Vietnam.

There are many garages in Phnom Penh specialising in making up second-hand cars and they can also make cars older so they are subject to lower taxes. This will be a challenge for Vietnamese managers: to correctly evaluate the age, quality and the price of second-hand cars to calculate import taxes.

(Source: TN)
 
Posted by: Traders   On: 2006-03-20   From: cambodia  
Reply :    Second-hand cars prepare to ‘land’ in Vietnam



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