The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 ...

Local rubber producers yesterday expressed little enthusiasm to attend this year’s Global Rubber Conference, which opens today in Ho Chi Minh City, voicing pessimism about the gloomy market for natural rubber and scepticism on whether the conference would yield any solutions to producers’ pricing problems.Among ...

Growing demand for animal feed is driving up both the demand and price of corn, with smallholder farmers claiming the field crop offers a more stable market than cassava.Corn is grown on more than 140,000 hectares in Cambodia and can be harvested twice a year, ...

A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the ...

Direct daily flights between Phnom Penh and Singapore started yesterday with the first Tiger Airways flight departing at 8:30am and landing in Singapore at 11:30am, kicking off a seven-days-a-week low-cost service. The company is offering a special price of US$38 one-way from Phnom Penh to Singapore ...

CIMB Bank announced over the weekend that it will enlarge mortgage loans provided to clients, going from 70 per cent last year to 80 per cent financing of the total purchase price of properties for 2013. Heng Thida, head of retail financial services for the Malaysia-based ...

Economic growth and increasing investment in construction have facilitated sales of paint this year. Thas Chantrea, sales manager of Jotun Cambodia, said his company’s sales of paint products from Thailand and Malaysia saw an increase of 50 per cent in the first quarter of this year ...

Cambodian farmers are looking toward a new organization to help them get the best prices for their rice, but many are skeptical disparities between farmers and traders can be overcome. The Cambodian Rice Federation was started in May, bringing together disparate companies, associations and farmers in ...

Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday. The 2,000-square-metre showroom on Monivong Boulevard currently holds just two of the German carmaker’s models, the Q7 and the A8L, with prices ranging between $135,000 and ...

Import duties and limits, as well as rising wages in neighbouring countries, made Cambodia the second largest exporter of bicycles to the European Union after Taiwan, an industry newsletter reports. According to Bike-EU.com, which quoted data from Eurostat, Cambodia exported 519,389 units to EU countries between ...

While Kampot pepper and Kampong Speu palm sugar carry the brand-building Geographical Indication (GI) status, newcomers seeking the same tag continue to wait for funding to get their products off the ground. In 2010, Kampot pepper and Kampong Speu palm sugar were the first Cambodian goods ...

Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...

Following a Monday announcement from the Agriculture Ministry that provincial officials must ensure that the country’s rice millers pay adequate prices for rice paddy, the ministry followed up yesterday, saying that working groups had started discussing the situation with rice millers and rice farmers. In a ...

Starting on April 1, the Electricity Authority of Cambodia (EAC) will continue to bring down the cost of electricity for households and enterprises in Phnom Penh and a number of provinces, according to a recent announcement by the agency. In a statement released earlier this month ...

Axiata Group Bhd is set to strengthen its foothold in Cambodia through a merger between Hello Axiata Company Ltd and Latelz Company Ltd, which it acquires for a consideration of US$155mil (RM473mil). In a statement, Axiata announced that its Cambodian arm had entered into a sales ...

Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...

While the Phnom Penh Water Supply Authority’s (PPWSA) share price continued to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plans to register by the end of July. At a ceremony marking the first ...

Huawei Technologies (Cambodia) Co agreed yesterday to withdraw its injunction against Mfone in order to pave the way for a court-appointed administrator to sell the bankrupt company’s assets and compensate its many creditors. Along with other creditors, Huawei representatives expressed concerns that the assets would ...

More than 100 villagers claiming to represent more than 200 families in Prasat Bakong district,  Siem Reap province protest in front of the provincial hall on the morning of October 24 to demand fair land compensation as the market prices while officials have promised to ...

Vietnam will be sharing its knowledge with Cambodia Aquaculturist Association (CAA) members on juvenile fish breeding techniques to strengthen breeding abilities, and produce better quality and increased amounts of fish at competitive prices. ...