A Change of Guard

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Friday 15 June 2012

ASEAN News Cambodia, Philippines

livetradingnews.com
Cambodia holds 4th International Gems and Jewelry exhibition
The 4th international gems and jewelry fair opened Thursday in a bid to promote Cambodia’s fledgling gems and jewelry industry, Minister of Commerce Cham Prasidh said.
The 4-day event has brought together 69 exhibitors from Cambodia, Thailand, China’s Hong Kong, Japan, Laos, and Singapore.
At the event, there are gems and jewelry fashion shows and concerts.
“The exhibition is aimed at promoting the production of Cambodian jewelry for both domestic supply and export,” the minister said during the opening of the fair at the Diamond Island Exhibition Center.

It was also to strengthen the product qualities and building necessary consumer trust of Cambodian gems and jewelry, he said.
“We want to turn Cambodia into a Key market of gems and jewelry supply in Southeast Asia,” Cham Prasidh said.
However, the minister acknowledged that currently, the designs and craftsmanship of Cambodian gems and jewelry do not meet the ever rising expectations of the markets.
Philippine exports recover, + 7.6% in April
Philippine export earnings recovered in April, after a dip in March, posting a 7.6% growth on year, the National Statistics Office reported Thursday.
The country’s export earnings rose to US$4.64-B, 7.2% higher than the prior month, mostly due to higher revenues earned by Key export products including garments, furniture and ignition wiring sets.
Earnings from exports of electronic products, which account for one third of the total export revenue, dropped 23.8% on year to US$1.64-B. It also fell 23.8% on monthly basis.
Major export markets include Japan, Korea, the United States, China, Hong Kong and Singapore.

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