GREATER transparency along the garment supply chain, from producers to buyers, is required in order to strengthen the accountability of retailers, factories and governments in protecting the rights of workers, Ou Virak, president of the Cambodian Center for Human Rights, said yesterday. Speaking in Phnom ...

US-BASED Overseas Private Investment Corporation (OPIC) yesterday signed a deal to provide a $5 million long-term loan to Thaneakea Phum (Cambodia) Ltd (TPC), a local microfinance institution (MFI), to support TPC’s expansion of its home improvement loans for low-income Cambodians. Fernanda Lima, director of US-based socially ...

At 9 a.m. yesterday, more than 200 soldiers, police and military police officers were gathered outside a large mansion on Street 55 in Phnom Penh’s Daun Penh district. All were waiting for their promised “ang pao” – red envelopes containing cash usually handed out during ...

Cambodia’s ASEAN economic minister said the official launch of the negotiations for the Regional Comprehensive Economic Partnership (RCEP) will lead to potentially forming the biggest single market in the region and is much bigger than the traditional markets of the US and the EU. An economist ...

Vietnam’s investment in Cambodia has increased significantly in the last three years, but a mechanism to encourage and oversee investments in prioritized sectors is needed, according to diplomatic sources. Tan Nguyen Tien, head of the economic section at the Vietnamese embassy in Phnom Penh, said Vietnam’s ...

Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...

Outstanding loans and deposits made at Cambodian banks grew by 32 per cent and 28 per cent respectively at the end of March this year from a year earlier, according to data from the National Bank of Cambodia (NBC). The data from the NBC that the ...

Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...

Two locally-listed firms on October 8 reported recoveries in business performance this year thanks to improvements across regional and global economies as they emerge from the Covid-19 health crisis. ...

Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB. ...

The Ministry of Labour and Vocational Training said yesterday that businesses employing children will be shut down and fined or may even face criminal charges. ...

Several top Australian business leaders yesterday evinced interest in trade collaborations and investment opportunities in Cambodia as Prime Minister Hun Manet met them in separate meetings during his visit to the country. ...

The US-ASEAN Business Council has requested that Cambodia cooperate to facilitate US company investment, Business, and trade in the Kingdom, particularly to improve the climate. ...

The Ministry of Commerce (MoC) and the Ministry of Industry, Science, Technology, and Innovation jointly celebrated World Intellectual Property (IP) Day 2024, encouraging business owners to register their products to add value and strengthen competitiveness in domestic and foreign markets. ...

The ASEAN-International Wholesale Market, locally known as the New Deum Kor Market, was officially inaugurated last week in a ceremony including Khuong Sreng, Governor of Phnom Penh, Wang Wentian, Chinese Ambassador to Cambodia, and other representatives and stakeholders of the project. ...

Minister of Public Works and Transport Sun Chanthol on Tuesday called on China’s Hunan province to promote bilateral trade, cooperation and investment, and seize opportunities in many potential sectors. He was speaking at the Hunan Investment Promotion and Machinery Expo in Phnom Penh on Tuesday to ...

Foreign investors have asked the Cambodia government to reduce the cost of a certificate of origin (CO), which is currently far more expensive than other countries in ASEAN.​ ...

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Walmart, the world’s largest retailer intends to learn more about Cambodia’s trade and investment potential, potentially expanding its business in a future collaboration with the Ministry of Commerce. ...

Cambodia must ensure that the draft cybersecurity law is kept “business-friendly” to prevent driving out international companies and discouraging new overseas investment in the nation, according to an expert. ...