A logistics firm and two garment manufacturers planned to list on the Cambodia Securities Exchange during the second half of 2012, underwriter Phnom Penh Securities said yesterday. The companies are the first known private businesses to confirm their intentions of listing on the Kingdom’s still-dormant bourse. Manufacturing ...

Unicef during a discussion yesterday pressured the Phnom Penh Municipality to develop a plan to eradicate slums in the capital, but government officials offered no quick fixes. According to the municipality, there are 281 slum communities in the capital, which 2,033 families call home. Earlier this month, ...

Minister of Education, Youth and Sports Hang Chuon Naron said the ministry’s long-term goal is to establish at least one technical high school in each province and require each young person to have acquired at least one professional skill. There are currently 18 technical educational ...

Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...

Overloaded vehicles are contributing to a more rapid than anticipated deterioriation of Cambodia’s road network, experts said yesterday The ADB has funded an axle-load control programme as part of a US$1 million technical package to support government rehabilitation of about 150 kilometers of the Kingdom’s roads. ...

Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. A total of 87 projects worth US$5.6 billion were approved by the Council for the Development of Cambodia during the ...

Five years after the government established the country’s special economic zones (SEZs), the Phnom Penh SEZ, Sihanoukville II SEZ, and Manhattan SEZ in Svay Rieng province are at last starting to attract more business. According to data from the Council for the Development of Cambodia (CDC), ...

Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...

Hundreds of students attending a forum yesterday on plans of regional governments to develop hydropower dams on the Mekong River expressed concern over the river’s future, and they urged the governments to abandon the projects or proceed with caution. The forum in Phnom Penh was the ...

The Royal Government needs to address the environmental impacts not only from climate change but from man-made, water-based infrastructure such as dams before another natural disaster like the recent flooding claims hundreds of lives, community representatives said yesterday. At the first NGO Forum conference on climate ...

Prime Minister Hun Sen yesterday ordered an end to all private land deals inside the country’s protected areas and warned local businessmen and officials against making such illegal deals. “All official paperwork in connection with natural protected areas is invalid,” he said while speaking at the ...

French government through French development agency will give $74million loan to Cambodia to support social and economic development in the kingdom, according to a senior official said today. Director General of French Agency for Development (Agence Française de Développement -AFD) Mr Dov Zera will travel to ...

For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

The key to lifting people out of poverty could be found in the setting up of farming cooperatives, the country director of the World Food Program said on Friday, which was also World Food Day. Jean-Pierre de Margerie, country director of the World Food Program, said ...

U.S. Ambassador William Todd on Thursday said that despite his efforts to promote Cambodia as an attractive destination for business, major American companies are reluctant to invest here as they still perceive the country as indelibly corrupt. “I believe now is the time for big U.S. ...

A group of unions in the U.K. is urging its government to make sure British brands sourcing clothes from Cambodian factories respect their workers’ rights, and to ask the European Union to negotiate a deal with the Cambodian government to improve factory conditions. In a July ...

Cambodia is one of only two economies worldwide to have declined in global value chain (GVC) participation since 1995, according to the World Trade Organization’s latest study. The WTO’s World Trade Report 2014, released Monday, shows Cambodia’s overall percentage of GVC participation – one country’s contribution ...

The Ministry of Labour has issued a prakas urging employers to follow existing regulations in the Labour Law that limit foreign workers to 10 per cent of the total workforce at any one company. It has warned that failure to stay within this limit – or ...

The government must correctly implement the Land Law and allow indigenous people greater access to collective titling of their native territories, human rights group Adhoc said yesterday in a statement. Although there is a provision in the Land Law allowing indigenous groups to obtain collective ...