CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...

Negotiations to determine 2019’s minimum wage for garment workers began at the Labour Ministry yesterday with the issue of worker welfare as the first order of business, the Labour Advisory Committee said. ...

Cambodia’s current accounts deficit has increased in recent years, but is not yet a cause for concern, according to experts. The Asian Development Bank’s July update showed Cambodia’s current accounts deficit stood at 11 percent of GDP in 2010, and statistics show the trade gap ...

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...

The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...

At a conference entitled Sustainable production and use of food, animal feed and fibre, Minister of Agriculture, Forestry and Fisheries Veng Sakhon said deforestAtion, unhealthy environmental practices and climAte change has led to a decrease in land quality. ...

Speaking at the virtually held ASEAN Finance and Central Bank Deputies’ Meeting (AFCDM), Neav Chanthana, deputy governor of the National Bank of Cambodia (NBC), said that members are committed to pushing economic growth in the region despite the Coronavirus pandemic. ...

The Ministry of Tourism (MoT) and the World Wide Fund for Nature (WWF) teamed up to promote ‘green tourism’ in the Kingdom by prioritising the conservation of natural resources while promoting the use of renewable energy aimed at turning the country into a world-class tourism ...

PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...

Prime Minister Hun Sen’s new Cabinet on Friday approved a 2014 draft budget of $3.5 billion, a 13 percent increase over this year’s budget, but gave no details as to how the money would be spent. The CPP also said it will go ahead with a ...

More than 1,000 workers at the Manhattan (Cambodia) Co Ltd garment factory in Kampong Cham province are striking in the wake of factory management’s reaction to their last strike action. ...

Ministry of Labour officials have agreed to allow the selling off of equipment inside a Phnom Penh garment factory, abandoned by its owner at the end of January, to pay money owed to workers, union officials said Tuesday. ...

Deputy Prime Minister Sok An has a stunning portfolio of positions within the CPP government. On Monday, CPP lawmakers once again appointed Mr. An as the Cabinet Minister for Prime Minister Hun Sen. He is also the chairman of the state-controlled Cambodian National Petroleum Authority and ...

A Lao government delegation visiting the Kingdom’s capital last week anticipates that a joint visa scheme that would allow entry to both countries on a single visa will take at least two to three years to implement. Manoxay Vilayhane, second secretary at the Lao embassy in ...

Explosive remnants of war continue to haunt the Cambodian people with the country at peace, with a 33-year-old woman losing a leg after stepping on a landmine while harvesting bamboo shoots in Banteay Meanchey province. ...

Garment and footwear industry, Cambodia’s largest foreign exchange earner, currently consists of 960 factories, employing some 620,000 workers, labor minister Ith Samheng said Thursday. The sector made a revenue of 5.5 billion U.S. dollars last year, accounting for around 80 percent of the country’s total exports, ...

The United States government on Tuesday organized an intellectual property rights (IPR) enforcement workshop for some 50 Cambodian and Lao law enforcement officials. ...

The Arbitration Council says the Ministry of Labor has knighted an Australian industrial commissioner for his long period of work as an honorary advisor to the council. In a statement posted on its website Friday, the council said Labour and Vocational Training Minister Ith Samheng awarded ...

The Phnom Penh Municipal Court on Thursday fined a 29-year-old hairstylist and make-up artist 2 million riel, or about $500, and ordered her to pay 5 million riel, or about $1,250, in compensation to a rival beauty parlor owner she defamed on Facebook. The sentence is ...