Cambodia’s economic growth could surpass previous estimates and hit 8.7% this year, Prime Minister Hun Sen said in a speech yesterday. Earlier government forecasts estimated growth of 6% for 2011, though increasing garment exports and a strong recovery in the tourism sector have stimulated the economy ...

The Phnom Penh Water Supply Authority (PPWSA) will begin taking bids from investors tomorrow in order to determine the price and number of shares it will issue during its long-awaited initial public offering on Cambodia’s stock exchange, the company’s general director said yesterday. Investors will ...

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...

The total number of land concessions offered by the government to private agro-industrial firms hit 1.19 million hectares, or 13.5 percent of Cambodia’s total land mass, a senior official at the Ministry of Agriculture said yesterday. The government figure undermines figures released late last year ...

The Garment Manufacturers Association in Cambodia (GMAC) has said that there should be no discussions on raising the minimum wage until 2014, in response to a request from three garment industry unions for talks on a living wage for workers. The response, sent on Wednesday ...

On Sunday, CPP lawmaker Cheam Yeap will attend a forum on the evolving oil and gas sector with about 400 university students. If all goes according to plan, Chevron Corporation will begin to extract oil from Cambodian waters in little over a year. Though the amount ...

More than 1,000 villagers in Prey Veng city took to the streets in protest yesterday morning after a company that recently took control of the state-run water supply raised prices by 50 percent, from 1,200 riel, or $0.30, to $1,800 riel, according to residents and ...

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...

The Philippines is close to signing a government-to-government rice supply agreement that would make Cambodia a potential supplier of the grain staple to Manila, along with Vietnam and Thailand, agriculture officials said on Monday. The Southeast Asian neighbours aimed to sign a memorandum of understanding (MOU) ...

The Cambodian Alliance of Trade Unions (CATU) sent a letter to the Ministry of Labor yesterday requesting that all of the country’s factory owners pay workers their salary earlier than usual ahead of Khmer New Year. Workers are normally paid on the fifth to the ...

The Ministry of Environment has announced that it will collaborate with Hungary to implement a pilot project to solve sewage system issues in towns in some provinces. A representative for the Hungarian Embassy in Cambodia, Zoltan Gyorgy Horvath, met with the ministry’s secretary of state, Sao ...

More than 2,000 garment factory workers protested Saturday and plan to strike today in support of union organizers who face prosecution in court for alleged “incitement” over demonstrations at the plant, a union representative said yesterday. The workers at Ocean Garment factory began demonstrating on Aug. ...

Commerce Minister Cham Prasidh yesterday signed an agreement with Indonesia’s Trade Minister Gita Wijrawan to export 100,000 tons of milled rice to Indonesia every year, officials said. Although the details-such as when the exports will begin and where the rice will be sourced-have yet to be ...

The ancient works of Cambodia’s King Suryavarman II could become a protected intellectual trademark if the World Intellectual Property Organization (WIPO) finalizes a treaty recognizing cultural heritage, the organisation’s head said yesterday. Angkor Wat, a 12th century temple complex and the Kingdom’s No 1 tourist destination, became an area of contention ...

A 65-year-old woman who has spent months sleeping under a staircase at Borei Keila yesterday became the second land-rights activist sent to Prey Sar prison in little more than 24 hours. Phnom Penh Municipal Court investigating judge Ly Leabmeng questioned villager representative Tim Sakmony for almost ...

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 ...

After a three-day blockade, soldiers pulled out over the weekend from the Kratie province village where a teenage girl was shot dead last week by government security forces, officials said yesterday. However, human rights workers denied a report by a provincial official that freedom of movement ...

A dispute over territory in the South China Sea is once again set to hang over talks when China and the U.S. join in on a week of high-level Asean meetings that start in Phnom Penh on Friday. So far, the Ministry of Foreign Affairs has ...

Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies ...

More than 200 people were arrested while defending their land in 2012 – a year human rights groups described yesterday as Cambodia’s “worst” for land disputes. Of the 201 people arrested – a figure that more than doubled the 2011 total – 29 were imprisoned, mostly ...