While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...

With the first drop of crude oil from the Apsara oilfield expected by next year, officials gathered on Thursday to discuss the much-awaited law on petroleum. Representatives of the Ministry of Mines and Energy, the Ministry of the Environment and the Ministry of Justice were ...

About 150 members of the former Dey Krahorm community in Phnom Penh’s Chamkar Mon district marked the fifth anniversary on Friday of the day mechanical excavators, security guards and authorities destroyed their homes to make room for a real estate project. Much like on past anniversaries, ...

Sok Rasmey (not his real name) works for an NGO in Phnom Penh with a salary of $350 a month. This is usually enough to cover his modest living costs, but when urgent expenses arise, he often looks to borrow to cover his costs. Ashamed ...

The CPP-dominated National Assembly on Wednesday approved a law that will see the Ministry of Industry, Mines and Energy split into two separate ministries, but has yet to decide who will head the new bodies. The CPP’s 68 lawmakers unanimously passed a measure that will see ...

Total exports during the first nine months of the year rose 41 percent to $3.5 billion compared to the same period in 2010, according to data released by the Ministry of Commerce. of the total amount, $3.1 billion was in garments, $10 million in paddy rice, ...

The US House of Representatives has renewed a trade law experts said could have a substantial effect on Cambodia’s exports to the United States, as well as the future of the Kingdom’s manufacturing sector. The Generalized System of Preferences (GSP) program waived tariffs on about US$13 ...

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

Trading on the Cambodia Securities Exchange will be delayed once again until the beginning of 2012, Minister of Economy and Finance Keat Chhon said yesterday. He blamed an incomplete regulatory regime and the public’s lack of confidence in the stock market as reasons for the delay, ...

Following a three-hour debate at the National Assembly, lawmakers passed a draft law approving the $2.5 billion the government spent in 2010. During the debate, CPP lawmaker Cheam Yeap presented a 10-page document that he said justified the $2.5 billion in spending, which was 25 percent ...

The Cambodian Alliance of Trade Unions (CATU) sent a letter to the Ministry of Labor yesterday requesting that all of the country’s factory owners pay workers their salary earlier than usual ahead of Khmer New Year. Workers are normally paid on the fifth to the ...

The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy ...

Opposition leader Sam Rainsy has been in hot water since he told an EU parliamentary meeting on July 13 that he wanted them to consider decreasing garment imports from Cambodia in the hope it would pressure Prime Minister Hun Sen and his government into complying ...

Canada is keen to sign an investment protection agreement with Cambodia to boost trade between both countries following the visit of Canadian Foreign Minister Stephane Dion to the Kingdom last Friday. ...

Two workers from a garment factory in Kompong Speu province who were charged with a slew of crimes following their attempt last month to break away from the only union operating at their factory were released from jail on Friday, a court official and union ...

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

Free Trade Union of Workers of Cambodia said Tuesday it had sued the director of Thailand’s Mfone Co Ltd for not respecting local labor laws. In a letter issued Tuesday to the Department of Labor Disputes, the union’s deputy secretary general Sam Srey Mom accused Mfone ...

The government, this year, intends to transfer it’s budget to individual town district authorities, and to vouchsafe into their hands from 2013 onward, aiming to push forward decentralization, said an interior ministry official. The budget, of on average US$ 35,000 per year, is in process of being transferred to the individual 193 town-district authorities across ...

A spike in factory faintings contributed to a 65 per cent increase in the number of workplace injuries reported in 2011, a Ministry of Labour official said yesterday. Leng Tong, director of the occupational health and safety department, said the ministry plans to introduce specialist safety ...