Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

As part of ongoing government efforts to modernize and streamline the country’s tax system, 43 tax agent licenses were awarded yesterday. The 43 companies are now legally recognized as offering tax declaration services to the public and private sectors. Eighteen had previously been doing this work ...

A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...

The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

An information and communications technology (ICT) event will be held from July 5-7 this year, offering sales and networking opportunities amid a surge in ICT growth in the Kingdom. Expected to draw about 100 companies, the Mobile Social Commerce International Conference and Expo at Phnom Penh’s ...

The Government already issued a Decision to require the employers to increase the minimum wage for the factory workers to USD 100 per month, starting from February 2014, said a government official. Vong Savann, a senior official of the Labor Ministry added that the Decision was ...

Konrad-Adenauer-Stiftung (KAS) in Cambodia will launch a book on “The   Development of Cambodian Administrative Law” on 07th of May 2014 at 05:30pm at Raffles Hotel Le Royal. In its press statement, KAS said that by offering readers an overview on the status and development of administrative ...

Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says. The Philippine government’s National Food Authority (NFA) last week authorised the import of 500,000 tonnes of rice to the country. The bidding process, which is looking for the ...

Seven union leaders protesting against being sacked from the Vantage River Textile factory in Preah Sihanouk province each agreed yesterday to accept $300 compensation. Worker representative and sacked employee Keo Srey Pich, 22, said three hours of negotiations between the union, workers and the company, in ...

More than 250 indigenous Kuoy families in Preah Vihear province have refused to accept compensation from a gold mining company that has offered them just $500 per hectare of land. ...

Although economic risks from the Covid-19 crisis linger, Cambodian real estate still offers a wealth of potential, as well as reasonably low prices for investments, especially in a handful of key localities marked by burgeoning interest and a gradual pickup in investment activity, according to ...

Most Cambodian university students have heard of their country’s fledging extractive industry. But with little access to information, few are aware of how revenue from this industry is being managed. Most of this information remains unavailable, and some are now voicing their concerns about corruption ...

Political campaigning in Cambodia’s local elections began on Saturday and has so far passed without incident. Cambodians in Phnom Penh on Monday said they hoped that the election could be conducted fairly and free of violence. Sim To, a second-year student at Paññāsāstra University of Cambodia, ...

The Cambodian Center for Human Rights (CCHR) launches today – 16 June 2014 – a new project, the Empowering Cloghers Project (the Project) and announces a call for applications for people interested in receiving training through the Project. The Project aims to strengthen the online ...

Revenue from the Phnom Penh Water Supply Authority – the first listed company on the Cambodian stock exchange – will be cut 800 million riel ($200,000) per year as the company implements a concession plan to lower water prices. The plan was passed after the government ...

The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s  initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...

Japan’s second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a representative office in Phnom Penh on Friday. The office would serve as an information centre for potential investors and hoped to attract more Japanese companies, Masato Miyachi, general manager of the bank’s Asia and China division, ...

Lucky Air has launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to the coastal Cambodian city, an airline executive said yesterday.Kunming-based Lucky Air, part of Hainan Airlines Group, has a fleet of 25 aircraft. It ...

Tens of thousands of workers contracted by the government to prepare Cambodia for the June 4 commune elections, many of whom are still waiting to be paid for work in February, will have to wait for their March and April salaries until after Khmer New ...