Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...

The Phnom Penh and Bangkok bus companies will start operating their business this week in a move to integrate the ASEAN region and boost the facilitation of traveling between the two kingdoms, with a hope of attracting more tourists. “The bus link between Phnom Penh and Bangkok will begin this week, Transport Minister, Tram ...

An International Labour Organization official yesterday called the draft of a Ministry of Labour trade union law “a step backwards” during the opening of a two-day workshop meant to hear concerns of both labour unions and employers. In a speech to worker representatives, members of the ...

A lack of innovation has contributed to Cambodia dropping seven spots on the World Economic Forum’s 2014-15 Global Competitiveness Report (GCR), which was released on Wednesday. The Kingdom ranked 95th out of 144 countries, down from 88th in the previous report, according to the GCR. Apart ...

As the World Bank considers supplying fresh loans to Cambodia, a new study uses the country as exhibit A for how the financier effectively sponsors corporate land grabs at the expense of the rural poor it purportedly helps. Three years ago, the bank’s own inspectors found ...

Two dozens of Chinese entrepreneurs in the World Eminence Chinese Business Association have been visiting Cambodia to seek possibilities to broaden trade and investment ties between China and Cambodia. The group, led by Xia Lingsheng, the Association’s executive vice president, met with Tep Ngorn, the 2nd ...

South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...

IT businesspeople see the potential demand in business software. Ms. Sok Channda, CEO and President of ANANA Group, tells business Circle Magazine that because most businesses need to be controlled and managed systematically, demand for software development is experiencing an upward trend, including Point of Sale (POS) systems, inventory management systems, and software ...

A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...

ORO Financecorp Plc held its official launch on Friday, joining the growing ranks of microfinance institutions in the Kingdom. ORO Financecorp started providing business, agricultural and tractor loans in January with a $4 million capital investment from Seng Enterprise Co Ltd of Cambodia and Creed Asia ...

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...

Approximately US $75 million will be invested in Cambodia and Laos by Leopard Capital. The company will focus on financial service, agriculture and power. The 10 year fund is targeting annual returns of 25 percent and will favor renewable energy sources. ...

The National Bank of Cambodia yesterday granted Industrial and Commercial Bank of China a financial business licence, according to a report on aastocks, a Chinese stocks news service ...

The National Assembly yesterday passed Cambodia’s first law on pesticide and chemical fertiliser control, which the government hopes will regulate the use and sale of dangerous chemicals on agricultural products. Currently, hazardous pesticides are sold with little regulation and often without proper labeling that instructs farmers ...

Cambodia’s total exports surged 42 per cent through November to US$4.5 billion from $3.16 billion, official data from the Ministry of Commerce showed, as the Kingdom’s staple products of garments, textiles and agriculture led the move. Rising global demand, new trade agreements with regional neighbours and ...

The value of approved agricultural projects in 2011 increased by more than 30 per cent compared to the year before, according to data from the Council for the Development of Cambodia. The CDC approved 24 projects worth US$724.9 million last year, $674 million of which was ...

A Ratanakkiri Provincial Court prosecutor yesterday summoned an ethnic minority Jarai man in O’Yadav district to explain to the court his allegations that local authorities had threatened to kill him for exposing a land-sale corruption racket. Romas Chhvang, 45, filed a complaint to the court at ...

Cambodia needs at least another $120 million of investment in rice mills if it is to meet the government’s 2015 target of exporting 1 million tons of rice, Agriculture Minister Chan Sarun said yesterday. While rice exports from Cambodia this year have seen a significant increase ...

Every day they come in the thousands and crowd under a blazing sun for hours, awaiting a moment that costs them more than two full months’ salary – a passport. And where are they going? “Thailand,” 21-year-old Sem Pheaktra said, squinting under a harsh mid-morning sun. He, and ...

In May 2013, Business for Social Responsibility (BSR) and Better Work will launch HERproject in Cambodia. HERproject links multinational companies and their factories to local NGOs to create sustainable workplace programmes that increase women’s health awareness. The project also seeks to demonstrate the return on investment ...