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 ...

The European Chamber of Commerce (EuroCham) held its first annual general meeting Thursday at the Sofitel Hotel in Phnom Penh where a board of directors was elected and the French and German chambers merged with EuroCham in order to reinforce the interests of European companies ...

U.N. human rights envoy Surya Subedi met with a senior official at the Ministry of Justice on Wednesday and reiterated a call for new legislation to be passed on governing Cambodia’s judiciary. “He did not ask us much on anything new, but he did ask for ...

The timing couldn’t have been better. After a week in which one NGO was suspended and others warned to “readjust their work,” and the World Bank was finally forced to reveal that it had stopped loaning to Cambodia, the government announced over the weekend that ...

China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say. Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of ...

The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between ...

The owner of Cambodia Yellow Pages has agreed in principle to sell a 51 percent stake to the subsidiary of Malaysian technology firm CBSA Bhd. in a deal worth $2.04 million, an official at the company said Monday. According to a disclosure last week from CBSA ...

UNESCO, the Battambang provicial government and tourism officials held talks yesterday on plans to list the province on the UN arm’s World Heritage Cities Program. As part of the first of several conferences on sustainable tourism for the conservation of cultural and natural heritage and the ...

The French Development Agency yesterday agreed to grant Cambodia a total of $47.7 million, $8.7 million of which is a loan. The sum is to support the Kingdom’s irrigation infrastructure investment, to improve the country’s access to drinkable water and to fund the fight against emerging ...

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

The Garment Manufacturers Association in Cambodia (GMAC) has said that there should be no discussions on raising the minimum wage until 2014, in response to a request from three garment industry unions for talks on a living wage for workers. The response, sent on Wednesday ...

The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of ...

Electronic equipment supplier Eltek Valere Ltd. filed a complaint Wednesday with the Phnom Penh Municipal Court against mobile operator Mfone, demanding the company pay the $3.7 million it owes to Eltek from a previous GSM contract, a lawyer for Eltek said. ...

The coastal guard has seized a fishing vessel flying the flag of Cambodia off the cost of Primorye, the press service for the Border Guard Department of the Federal Security Service for the Primorye Territory has reported. The vessel Anteus (registered in Cambodia, owned by the ...

Customs procedures are being examined in a time-release study to identify issues that can affect Cambodia’s trade competitiveness. According to experts, the study is an important tool to improve the Kingdom’s investment climate. The study will be conducted and organised by the GDCE with support ...

The Association of Southeast Asian Nations (ASEAN) did not take any sides in South China Sea disputes, but supported the settlement of the disputes based on international law and agreed documents, a senior Cambodian official said in Phnom Penh on Sunday. “ASEAN made the statement based on a principle that ...

The Ministry of External Affairs today signed two agreements with the public sector WAPCOS Limited for assisting Cambodia in water resources management. One of the agreements is on Study of Ground Water Resources of Kampong Spue Province in Cambodia and the other on Development of ...

Detainees and prisoners continue to be administered electric shocks, beaten unconscious and even smothered by plastic bags, with 49 new allegations of torture or abuse at the hands of authorities this year, according to rights group Licadho, which says in a report released Wednesday that ...

Cambodia will push to finalise a rice-exporting bloc with four other regional countries by the end of the year in a bid to become the world’s “food basket”, according to the Ministry of Commerce. The group of countries including Cambodia, Vietnam, Thailand, Laos and Myanmar – ...

The small but sleek Angkor Car can easily navigate the narrow streets of Cambodia, while with an electric engine saves on expensive fuel costs. It may cost $10,000 per vehicle, a bit steep for most local people, but the vehicle is a welcome testimony to ...