Wage talks remain in deadlock
The third day of negotiations between members of a working group trying to reach a consensus on the minimum monthly garment wage remained stagnant yesterday, as manufacturers refused to budge from their $110 offer. ...
Mom Kunthear and Sean Teehan
http://phnompenhpost.com/national/wage-talks-remain-deadlock
Tong Yang to Underwrite Bonna Realty IPO
More than two months after the firm announced it would list on the Cambodian Securities Exchange, Bonna Realty has selected Tong Yang Securities to underwrite its initial public offering (IPO), an official said yesterday. Sung Bonna, the CEO of the Phnom Penh-based realty firm, said that ...
Working group on investment, economy set up with China
Cambodia and China have decided to set up an investment and economic cooperation working group to promote the Belt and Road Initiative (BRI), as well as strengthen investment and prop up bilateral economic and trade ties. ...
Hom Phanet
https://www.phnompenhpost.com/business/working-group-investment-economy-set-china
Cambodia, Japan agree to ensure full implementation of RCEP free trade deal
Cambodia and Japan on Sunday agreed to ensure the full implementation of the Regional Comprehensive Economic Partnership (RCEP) free trade agreement for the benefit of all, according to a Cambodia-Japan joint statement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501044760/cambodia-japan-agree-to-ensure-full-implementation-of-rcep-free-trade-deal/
Expert warns of ‘debt-trap’ ahead of Cambodian PM visit to China Belt and Road Forum
Overdependence, coupled with loans and the cost of maintaining infrastructure, could leave Cambodia in a “debt trap” to China, an expert said Tuesday, as Cambodia’s Prime Minister Hun Sen prepares to attend a summit in Beijing on Chinese President Xi Jinping’s sweeping Belt and Road ...
Joshua Lipes
https://www.rfa.org/english/news/cambodia/trap-04232019163513.html
World Bank Report Predicts 6.6 Percent Growth
Cambodia’s economy will grow by an average of 7 percent in each of the next five years, the World Bank said yesterday in a report on the country’s economic outlook. In its periodic update on economies in the region, the World Bank predicted gross domestic product ...
Going offline? The threat to Cambodia’s newfound internet freedoms
On World Information Society Day, LICADHO releases its report “Going offline? The threat to Cambodia’s newfound internet freedoms,” describing the vital importance of the internet for freedom of expression in Cambodia and the imminent threat that this last bastion for independent voices now faces. ...
LICADHO
Belt and Road Economic Information Partnership records growth with 56 members
A significant meeting was conducted in the bustling eastern Chinese city of Shanghai last Wednesday to deliberate on economic information sharing, focusing on enriching the ongoing efforts of the Belt and Road Initiative (BRI). ...
Khmer Times Staff
https://www.khmertimeskh.com/501369310/belt-and-road-economic-information-partnership-records-growth-with-56-members/
ASEAN leaders adopt a number of key documents
The ASEAN Heads of State/Government adopted a number of important documents to boost their economic growth, ensure food security and boost digital economy, at the end of the Plenary Session of the 43rd ASEAN Summit in Jakarta, Indonesia yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501355584/asean-leaders-adopt-a-number-of-key-documents/
Australia Drops Cambodian Bribery Allegations
The Australian Federal Police (AFP) have closed an investigation into suspicious payments to officials in Cambodia by the world’s largest mining company BHP Billiton, according to a report released by the Organization for Economic Cooperation and Development (OECD). Although the report, released last month, does not ...
http://www.cambodiadaily.com/business/australia-drops-cambodian-bribery-allegations-5337/
Preah Sihanouk special economic zone policy draft approved
The Council of Ministers on January 13 examined, discussed and agreed to the draft policy on land management and use to convert Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone” with planning to that end from 2022-2038. ...
Post Staff
https://www.phnompenhpost.com/business/preah-sihanouk-special-economic-zone-policy-draft-approved
Officials Mute on Shooting Investigation; Rights Groups Concerned
Government officials remained tight-lipped yesterday about progress in their investigation of the Feb. 20 shooting of three female garment workers during a strike and demonstration in Svay Rieng province’s Bavet city. On Feb 20, three women were wounded when a uniformed gunman opened fire at ...
Japanese firms seek business options in Cambodia
Representatives of a dozen large Japanese companies arrived in Phnom Penh on Tuesday looking for business opportunities in the kingdom. Hidetoshi Nishimura, executive director of the Economic Research Institute for ASEAN and East Asia, led the delegation, whose members represent firms in industries such as technology, ...
Cambodia’s new tourism frontier
A year ago, getting to Sihanoukville required perseverance and a certain degree of bravery. There had been no flights to Cambodia’s premier beach resort for years — at least no scheduled services — and cruise ships docking here were few and far between Following years spent ...
http://www.bangkokpost.com/business/tourism/308486/cambodia-s-new-tourism-frontier
Official briefs court on ELCs over logging
A senior Agriculture Ministry official on Tuesday appeared at Mondulkiri Provincial Court to clarify how companies, including a Vietnamese firm under investigation over illegal logging, are granted Economic Land Concessions. Mam Vanda, provincial court spokesman, yesterday said that Chan Savuth, a ministry secretary of state, provided ...
Khy Sovuthy
https://www.khmertimeskh.com/50642910/official-briefs-court-on-elcs-over-logging/
Helping SMEs to stand on their own two feet
Following the successful completion of two rounds of assistance packages to support small and medium-sized enterprises (SMEs) and startups during the COVID-19 pandemic, Khmer Enterprise will implement a third this year. ...
Sok Chan
https://www.khmertimeskh.com/50810982/helping-smes-to-stand-on-their-own-two-feet/
After Reform Promise, a Return to Statecraft as Usual
In an epic, six-hour address in September, Prime Minister Hun Sen apologized for the government’s many “problems” and promised a more reformist government over the next five years of his rule. Targeting corruption, deforestation and the lack of transparency across government sectors, the prime minister made ...
Alex Willemyns
http://www.cambodiadaily.com/news/after-reform-promise-a-return-to-statecraft-as-usual-48602/
Cambodian deputy PM says strategic partnership with China creates more opportunities for businesses
The Comprehensive Strategic Partnership of Cooperation between Cambodia and China has been providing “more favourable conditions” for economic, trade and investment ties between the two countries, Cambodian Deputy Prime Minister and Cabinet Minister Sok An said on Sunday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-09/07/c_126962873.htm
Last Year Saw More New Firms Register
Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...
Private side can spark investment
The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country. Speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed ...
http://www.phnompenhpost.com/2013070566681/Business/private-side-can-spark-investment.html