Skyscrapers, supermarkets and high-end clothing stores along Sihanouk Boulevard may reflect the increasingly affluent side of Phnom Penh, but turning down busy Street 63 toward Central Market the scene is more warzone than Asean capital, with air thick with dust and the road peppered with ...

SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...

Twenty-two factories that did not take the appropriate measures to shut down their businesses have 30 days in which to rectify the problem or face legal action from the government, the Council for the Development of Cambodia (CDC) said in a public announcement yesterday The announcement ...

Total fixed assets of Singaporean investment in Cambodia last year reached $82.7 million, a 500 per cent increase from $13.8 million in 2011, data from the Council for the Development of Cambodia (CDC) show. Singaporean entrepreneurs who have already entered the Cambodian market said they expect ...

Cambodia had granted operating licenses to 606 new companies in the first quarter of this year, a 33 percent decrease compared with the 904 firms at the same period last year, the Commerce Ministry’s report showed Tuesday. Yim Rom, an official at the ministry’s statistics ...

As Sihanoukville’s water shortage drags on, the price of water being delivered by private suppliers has skyrocketed with residents and business owners growing ever more desperate to get clean water into their homes, hotels and restaurants. Over the past week, since a reservoir supplying the city ...

In the latest bid to protect Mondulkiri’s ravaged forests, World Wildlife Fund is rolling out a new project designed to give locals financial incentives to help preserve Mondulkiri Protected Forest and Phnom Prich Wildlife Sanctuary. Cultivating small-scale, community-run businesses such as resin tree tapping and beekeeping ...

Prime Minister Hun Sen has told local business leaders that increased wages should be linked to improvements in the productivity of workers. Speaking at the 17th Government-Private Sector Forum on Tuesday, he said higher wages “must be attached to the production capacity of each worker and ...

Cambodia could lose its competitive advantage in bicycle manufacturing and assembly, an industry source says. In a report from the Taipei Cycle Show late Wednesday, the US-based Bicycle Retailer and Industry News said Cambodia had used low wages and zero tariffs in the European Union to ...

In a series of interviews conducted by a World Economic Forum team with key stakeholders across policymakers, firms, business associations and researchers, amounting to 41 separate entities,  firms have reported Cambodia as possessing a friendly investment and business environment. ...

Officials from the General Directorate of Consumer Protection, Competition and Fraud Repression (CCF) found 17 fuel businesses in four provinces conducting illegal business, while more than 1,000kg of defective goods and over 500 litres of counterfeit alcohol were confiscated and destroyed from October 18-20. ...

The Phnom Penh Municipal Administration has reminded residents and business owners who have failed to pay for their rubbish and solid waste collection service fees that they must settle the bills by June 15, or risk additional penalties including a record of unpaid debt and ...

New Zealand says it will set up a business association in Cambodia to boost trade with the rapidly growing economy. ...

Cambodia’s tourism industry is looking for ways to become more competitive, with some businesses suggesting visa exemptions for top visiting countries. ...

Real estate and hotel developers have identified the southern coast of Cambodia as having tourism potential to encourage more business investment. ...

The three-star Toyoko Inn hotel is set to open next week, filling the gap in the capital’s budget-business hotel market. ...

Almost 30,000 hectares of a wildlife sanctuary in Oddar Meanchey, Siem Reap and Preah Vihear provinces have been reclassified as state private land for agricultural development, drawing sharp criticism from rights groups. Four sub-decrees signed by Prime Minister Hun Sen on July 22 reclassify land ...

Vattanac may still be a family business, but a symbol of its big aspirations can be seen emerging from Phnom Penh’s skyline on Monivong Boulevard, where the company is building a 38-story tower that will house its headquarters next year. The tower, which was designed ...

Siam Cement PCL’s (SCC.TH) third-quarter net profit fell 13% as higher expenses and cost of sales weighed, but the fall in earnings at Thailand’s largest industrial conglomerate by revenue was in line with analysts’ expectations. Despite the profit decline, the conglomerate said before Wednesday’s earnings statement ...

A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...