SET-listed Major Cineplex Group Plc has earmarked 1.2 billion baht to open 100 new cinemas nationwide next year in a bid to boost revenue by 10-15%.The investment budget will not cover further expansion in Cambodia, Laos, Myanmar and Vietnam, which will be made through partnerships ...

Cambodian rice exports are finding new markets and rising demand in ASEAN this year, but officials and exporters are not linking this to the ASEAN Economic Community (AEC), saying it was too early to tell what impact the regional trade bloc – which took effect ...

Despite the government’s vow to be more transparent with regulations and the issuing of sand-dredging licences, the Ministry of Mines and Energy (MME) has granted nearly 70 new such licences without holding public auctions or requiring companies to disclose environmental impact assessments (EIA) results to ...

A survey of foreign direct investment by the National Bank of Cambodia due to be completed at the end of this month will help fill data gaps in the construction industry and could lead to new regulations in the property market that will pave the ...

Factories in Cambodia’s garment industry say they need more productivity out of workers if they are to survive a new wage hike.Earlier this month, the government agreed to raise minimum wage to $140 per month, a figure managers said would damage the industry. ...

Prince Microfinance Plc held its official opening yesterday, becoming the 49th registered microlender to operate in Cambodia’s rapidly expanding microfinance market.Hon Sorachana, CEO of Prince Microfinance Plc, said the new financial institution will focus on providing a range of credit options to Cambodians and foreigners, ...

The Ministry of Labour has announced new regulations for hiring workers between the ages of 15 and 18, toughening identification requirements in a sector plagued by the use of fraudulent documents.The prakas, active since November 20, requires young workers to show at least three different ...

Just four years ago, the white sand beach at Koh Rong Samloeun’s Saracen Bay was empty. Now workers can be seen scrambling over the frames of new bungalows along the shoreline, and speed boats arrive hourly from the mainland to drop off crowds of tourists ...

The illegal timber trade to Vietnam, a key nexus in a shadow industry worth billions of dollars, has been all but eliminated, an official said yesterday in summarising a new report from the government’s anti-logging commission, a claim met with disbelief by more than one ...

Prime Minister Hun Sen and his Thai counterpart, Prayuth Chan-ocha, agreed to boost bilateral trade by 300 percent—to $15 billion—by 2020 during meetings in which they also signed off on deals to open two new international border crossings and a railway line linking Phnom Penh ...

Labour rights abuses are taking place at Cambodian supplier factories for US clothing retailer Gap Inc, according to a new report, the latest in a series aimed at bringing attention to perennially poor conditions in the Kingdom’s garment industry ahead of the International Labour Organization’s ...

The greatest obstacle to increased contraception use in Cambodia isn’t the price of birth control or the social stigma around using it, a new study has found, it is fear of side effects. What’s more, this fear may arise from the many disparate medical systems operating ...

Advanced Bank of Asia Limited (ABA Bank of Cambodia) officially unveiled a new logo yesterday, as it builds on its majority ownership by the National Bank of Canada.The National Bank of Canada integrated the ABA Bank as part of its group after becoming the major ...

Kerry WorldBridge Logistics SEZ, which is developing a 63-hectare industrial park and free trade zone 17 kilometres south of the capital in Kandal province, has taken on a new partner to design and create an “industry and technology cluster” aimed at attracting non-garment manufacturing investment ...

As growing trade and investment linkages in Asia and the Pacific have helped to improve the region’s overall resilience to global economic and trade policy uncertainties, countries in the Greater Mekong Subregion (GMS) need to make swifter progress in streamlining trade through multilateral agreements that ...

Court cases and investigations involving former Cambodia National Rescue Party officials are continuing apace, with new charges laid against opposition leader Sam Rainsy, another appeal for bail filed on behalf of jailed party leader Kem Sokha and a National Police spokesman saying yesterday that the ...

Geopacific Resources this week announced the discovery of new gold deposits within its Kou Sa project, located in prospect area 181 in Preah Vihear province. The 2,320-metre exploration diamond drilling yielded intercepts of 11.5 metres, graded at 3.14 grams/tonne, for gold, and 14 metres at 109.48 ...

Cambodian betel nut chewers are six times more at risk of contracting potentially malignant oral cancers, according to a new report. The study surveyed 1,634 people in Phnom Penh, Kampot, Kampong Cham, Pursat and Stung Treng and found that 54 percent had oral lesions – white ...

Authorities suspect that a new case of H5N1, or bird flu, has emerged in Mondulkiri province after more than 60 villagers’ chickens fell ill.Sok Kheang, chief of the provincial agriculture and fisheries department, said more than 60 chickens in Keo Seima district had fallen ill ...

Farmers in Pursat province are to benefit from a new vegetable market, allowing them to sell their produce for free for the first five years. The market is aimed at boosting sales of chemical-free vegetables for distribution across the country, to reduce reliance on imported vegetables ...