The International Business Chamber of Cambodia (IBS) on Friday took a step to formulate industry-wide construction standards by signing a memorandum of understanding with the UK’s Royal Institute of Chartered Surveyors (RICS), an accreditation agency that monitors quality and safety across the property market.  ...

Bank of China, one of the five biggest state-owned commercial banks in China, will expand its operations in Cambodia by opening new branches in Siem Reap and Sihanoukville, a local bank executive said yesterday. ...

Following the announcement earlier this month that the monthly minimum wage in the garment sector will be raised from $128 to $140 next year, eight unions representing factory workers issued a list of 13 demands on Tuesday, threatening protests if their requests go ignored. ...

Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...

The Cambodia-India Joint Committee Meeting on bilateral trade and technology exchange will be held in New Delhi on Friday, the spokesman of the Ministry of Foreign Affairs told reporters yesterday.   ...

Companies from Europe’s frigid north are taking steps toward moving into the fish and environmental industries in Cambodia’s warmer climes.   ...

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...

The Securities and Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing that there is no regulation in place to manage the use of digital coins. ...

The Cambodia Chamber of Commerce (CCC) and more than 60 companies from Vietnam’s southern provinces held a business forum on Friday to discuss the establishment of a special economic zone (SEZ) along the border of the two countries. CCC vice-president Lim Heng, who presided over ...

Cambodia’s Special Economic Zones (SEZs) have received a total investment of 1.65 billion US dollars since their inception in 2006, according to a government report released on Friday. Since 2006 to now, the zones have attracted 172 investment projects, mostly from China, South Korea and Japan, ...

Vietnamese Prime Minister Nguyen Tan Dung will pay a working visit to Cambodia from Jan. 12 to 14, announced Vietnam’s Ministry of Foreign Affairs on Wednesday. ...

Prime Minister Hun Sen said today that three draft laws will be adopted in the first semester of 2014 to ensure independence of the judiciary in Cambodia. ...

Cambodia will end customs fees for milled rice exports with effect from May 1, 2014, in order to reduce production costs and boost Cambodia’s competitiveness in the international market, according to local sources. ...

Bilateral trade volume between Cambodia and the United States had amounted to 845 million U.S. dollars in the first three months of 2014. The number saw a 11-percent rise from 758 million U.S. dollars over the same period last year, figures release by the U.S. Department ...

The National Bank of Cambodia on Tuesday officially issued a new 50,000-riel banknote (in equivalent to 12.5 U.S. dollars) in order to mark King Norodom Sihamoni’s 61st birthday, which falls on May 14. A sub-decree on the issuance of the new banknote was endorsed by ...

Around 1,000 garment workers from a factory producing jeans in Bith Trang Special Economic Zone in Prey Nop district went on strike to protest against administration chief in their factory.   They also demanded the annual leave of 18-21 days per years, which were rejected by ...

Environment Minister Say Sam Al met with private firms with land concessions last week to gauge their compliance with government rules and regulations, and adherence to their own contracts. Amid mounting local and international pressure, Prime Minister Hun Sen in mid-2012 ordered a freeze on ...

Four “one-stop” offices to process documentation for Cambodians seeking legal work in Thailand will open on Tuesday after the Ministry of Labor issued a directive last week outlining how the migration process will operate, according to the head of the Ministry of Interior’s passport department. Mao ...

Garment and footwear exports earned $3.92 billion over the first eight months of 2014, up more than 7 percent year-on-year, according to new figures from the Ministry of Commerce. The latest numbers show a slowdown after year-on-year earnings for the first six months of the year ...

A Ministry of Social Affairs official yesterday announced that, starting next year, the government would offer regular payments of 20,000 riel (about $5) to all disabled Cambodians, a benefit that so far has only been available to retired disabled soldiers. In an announcement that coincided with ...