The Week at the CSX
The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...
Border provinces request more energy from Thailand
Thailand had been asked to supply more electricity to those Cambodian provinces close to the shared border, according to officials. Suy Sem, Cambodian minister of Industry, Mine and Energy, talked to reporters after a bilateral meeting with his counterpart, Thai Minister Arak Chonlatanon last week, a ...
Malaysia - Cambodia trade increases
More than 24,000 Cambodians visited Malaysia during the first half of 2012, while Malaysian arrivals to Cambodia numbered 54,000, an increase of 11.1 per cent compared with the same period in 2011. Ambassador Hussein’s remarks came during the the first three-day Malaysia Travel and Shopping ...
http://www.phnompenhpost.com/index.php/2012092458862/Business/malaysia-cambodia-trade-increases.html
Manufacturers Raise Garment Workers’ Pay
Manufacturers in Cambodia yesterday agreed to increase the monthly wage of garment workers by $7 per month by providing them with additional allowances for transportation and housing, bringing the minimum wage packet taken home every month to $73. The raise occurred as the number of strikes ...
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...
Cambodia's Economic Growth Expects To Be 7% In 2012
“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...
Ethnic Banong Thwart Group of Illegal Loggers in Mondolkiri
More than 100 Banong ethic minority villagers in Mondolkiri province on Wednesday stopped and briefly apprehended a group of 11 outsiders who they say were caught illegally logging timber in the area, villagers said yesterday. The villagers say that they took it upon themselves to stop ...
New Kompong Thom Governor Vows to Give Land to Evictees
The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...
Losses Point to Differences Between Public, Private CPP Support
At Chak Angre Krom Primary School in Phnom Penh’s Meanchey district on Sunday, 82-year-old Kat Om slowly made his way out of one of the classrooms, his forefinger darkened with ink. Mr. Om is a seasoned voter, having thrown his support behind the ruling CPP—which claims ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/losses-point-to-differences-between-public-private-cpp%E2%80%88support-37659/
Cambodia sees 22 pct rise in garment export in 11 months
Garment industry, Cambodia’s largest foreign currency earner, reported a 22 percent surge in exports in the first 11 months of 2013, according to figures from the Ministry of Commerce on Thursday. The Southeast Asian nation exported apparel products in equivalent to 5.07 billion U.S. dollars during ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-12/19/c_132981486.htm
Cambodia's banking sector stable despite ongoing political row over poll results
Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/23/c_132657163.htm
Canadia, Cambodia Post to Launch New Bank
Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/canadia-cambodia-post-to-launch-new-bank-40699/
Fears SL strike could get ugly
Union officials fear violence that occurred at two separate rallies in front of the SL Garment Processing (Cambodia) Ltd factory last week will continue at one scheduled this morning. About 10 SL strikers were injured during demonstrations on Thursday and Friday, when uniformed and plain-clothes SL ...
Sean Teehan
http://www.phnompenhpost.com/national/fears-sl-strike-could-get-ugly
Majority of workers denied annual leave
Only about 10 per cent of Cambodia’s workforce is being granted paid annual leave, a report released last week says. Under the 1997 Labour Law, workers who work a standard 48-hour week are entitled to 18 days of paid annual leave, in addition to one day ...
Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/majority-workers-denied-annual-leave
Tourism revenues increase but taxes remain flat
Overall revenue from Cambodia’s booming tourism sector reached $2.5 billion last year, according to Tourism Minister Thong Khon. Khon said in an interview on Tuesday that the figure, which does not reflect the amount the state collected in taxes on the sector, marked a 15 per ...
Chan Muy Hong
http://www.phnompenhpost.com/business/tourism-revenues-increase-taxes-remain-flat
Exchange to receive millions
Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...
Eddie Morton
http://www.phnompenhpost.com/business/exchange-receive-millions
Cambodia asks for help in oil and gas industry
Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...
Simon Henderson
http://www.cambodiadaily.com/business/cambodia-asks-for-help-in-oil-and-gas-industry-57237/
Firm begins process to determine IPO share price
Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/
Cambodia gains 53 factories this year
The Cambodian government has approved 53 new garment and footwear factories, worth an estimated US$338 million, during the first half of this year, compared with 38 last year valued at $180 million, despite the increase in the number of strikes affecting the industry. Officials and industry ...
Fish, frogs to boost local food supply
The government has disbursed more than $4.5 million to boost aquaculture production and domestic market supply amid the Covid-19 pandemic. Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on Monday that in boosting agricultural production, the ministry has received financing from development ...
Thou Vireak
https://www.phnompenhpost.com/national/fish-frogs-boost-local-food-supply