While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in ...

Denso Corp. (6902) will begin making motorcycle parts in Cambodia in July, responding to growing production of vehicles in Southeast Asia. The autoparts manufacturer will establish a production subsidiary in Cambodia in April. Plans are to lease a plant in the Phnom Penh Special Economic Zone ...

Cambodia’s encouraging economic climate had paved the way for the K-four Electronic company to launch Samsung’s latest refrigerator in this country, company representatives said. Kith Bunnarong, of K-four Electronic, said the comp-any’s sales in this country had increased since 2010, when it began working with Thai   ...

The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday it would begin exporting organic rice to Europe in June for the first time as part of a one-year agreement with a German-based equitable trade organization. “We’re looking to break more into the international ...

American packaging firm Crown Holdings Inc. announced Tuesday it would build a new can manufacturing plant in Sihanoukville that will become operational in the second half of 2013. Although it did not say how much the project was worth, the factory will produce 725 million 33 ...

Loun Savath, a monk and rights activist who was detained by plain clothes security officials Thursday, was released that night, after he agreed to sign a letter vowing to stop leading and participating in protests. However, he has promised he will not halt his activism. Loun ...

Four Cambodian women working at a garment factory in Dongguan, China returned home yesterday after a nine-month ordeal during which they found themselves sick, overworked and trapped without passports in a foreign country. Yin Sophy, 27, Sok Kunthea, 25, Non Sopheap, 21, and Yin Sophea, 20, ...

Thousands of workers from the Tai Yang Enterprise garment factories, which supply major US brands Levis and Gap, have vowed to continue a two-week strike today after negotiations between the company, union and Labour Ministry officials broke down on Friday. “The minister did not protect ...

Approximately 1,686 workers in garment and shoe factories got fainted last year due mainly to overwork, poor health, exposure to chemical substances, and hysteria, a Cambodian labor official said Wednesday. Pok Vanthath, vice-chief of the Labor Ministry’s vocational training department, said the mass fainting incidents had ...

Worldwide renowned travel advisory website–the tripadvisor.com–has listed Nepali capital Kathmandu in its top 10 best places to visit in Asia. While Siem Reap of Cambodia topped the chart, China’s Beijing and Shanghai cities hold the respective second and third best places to travel in the ...

Work will start this year on a 400km railway line and a new seaport in Cambodia, with most of the funding coming from Chinese sources. Cambodia Iron and Steel Mining Industry Group (CISMIG) and China Railway Major Bridge Engineering have signed an agreement to jointly invest ...

A court official on Friday agreed to implement an injunction to freeze the assets of bankrupt telecommunications firm Mfone Co. Ltd., according to a lawyer in the case. The Phnom Penh Municipal Court issued the injunction against Mfone on January 17, after Huawei Technologies Co. Ltd. ...

Cambodia’s rubber prices declined almost six per cent in the past two weeks, caused by concern over the European crisis with Greece, industry players and Cambodian officials said yesterday. Men Sopheak, deputy director general of Chop Rubber Plantation, a big rubber exporter in Cambodia, said the ...

Violent land evictions, unlawful prison sentences, shooting deaths and crackdowns on peaceful protests are all on a list of allegations a human rights group is voicing concerns about this week. The Cambodian Human Rights Action Committee condemned the incidents in a statement released on Tuesday, calling ...

Stevia Nutra Corporation, a Canadian agro-business company, has announced its decision to grow stevia in Cambodia’s Kampong Speu province. The company will grow the plant, whose leaves are used as a sweetener or sugar substitute, on just over 20 hectares of land close to Phnom Penh. Stevia Nutra has incorporated Mighty MekongAgro Industries Co. Ltd, ...

Laos has denied it is pushing forward with the controversial Xayaburi hydropower dam in violation of international legal obligations, the country’s state media reported on Friday. Under a 1995 agreement with Cambodia, Vietnam and Thailand, Laos was obligated to not begin construction without a prior ...

Cambodia is in need of more skilled workers in order for the economy to grow and move beyond basic manufacturing jobs, the Asia Development Bank (ADB) said in a new report. “The skills demand in Cambodia is for low-skilled workers, and this demand reinforces the current ...

A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. “The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...

The United Kingdom embassy in Phnom Penh said today that bilateral trade volume between the two kingdom had reached to $750 million, an increase of 27 per cent if compared  to 2011. British Ambassador Mark Gooding welcomed the increasing trade between the UK and Cambodia.  “bilateral ...

Phnom Penh Water Supply Authority (PPWSA) will allocate its first dividend to shareholders since listing on the bourse, on April 10. According to an announcement by PPWSA, the annual dividend will be distributed in cash. The dividend payout ratio is seven per cent, with a total dividend ...