Moody’s Investors Services has warned that Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the EU would weaken its economic growth and lead to a credit negative, a report released on Saturday says. It notes that while Cambodia maintained its ...

Changes to unfair wages for garment sector workers has to start at the top, with global brands paying higher prices for clothes, said leaders of an international labor organization at a meeting yesterday. IndustriALL is pushing for this through its ACT program. If successful, it ...

Indonesia would consider buying more rice from Cambodia if the price was more competitive, the Indonesian ambassador to Cambodia told reporters after the Indonesian Trade and Tourism Promotion 2016 expo in Phnom Penh on Friday. Ambassador Pitono Purnomo said that Cambodia and Indonesia signed a ...

Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, held a bookbuild last month to determine the share price for its upcoming initial public offering on the Cambodian stock market. The private company aims to raise between $8.1 ...

The government subsidised $51 million worth of electricity across the country in 2017 in a bid to bring down the price of electricity for low-income households, according to the Minister of Mines and Energy. Speaking at the annual conference of the Electricity Authority Cambodia yesterday, Suy ...

Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...

Grand Twins International, Cambodia’s second stock exchange listing, will list at the lower end of its expected buy-in range, an announcement on the Phnom Penh Securities (PPS) website said yesterday. GTI is to begin trading on May 29 with nine million shares at $2.41 each, according ...

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 ...

Grand Twins International launched its IPO one year ago to much fanfare, but a dwindling stock price has failed to generate much confidence in Cambodia’s fledgling bourse Despite the initial fanfare at the Cambodia Securities Exchange over the listing of Grand Twins International 12 months ago, ...

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 ...

About 20 families and traders living and selling around Phnom Sampov asked the relevant authorities to help resolve the compensation according to the market price in exchange for relocation as authorities claim that their move is to rehabilitate the site for tourism. ...

The Ministry of Agriculture, Forestry and Fisheries continues to enact measures to develop Cambodia’s agricultural sector. The ministry and private partners announced the signing of the MoU for the construction of more green houses in the country. ...

The Prime Minister of Cambodia, Dr. Hun Manet, stated that the vocational training policy for 1.5 million young people will focus on 10 areas and 38 professions. .. ...

Thai cassava farmers have asked Cambodia to stop exporting the commodity into Thailand in an attempt to keep prices high and avoid saturating the market, officials said yesterday. Sao Sarat, Pailin provincial cabinet chief, said that Thai government officials representing local cassava farmers met with Pailin ...

Preah Sihanouk provincial authorities have announced they would not recognise the more than 200 families who had illegally built makeshift huts and planted boundary markers on state and private land at Rithy II village in Stung Hav district’s Keo Phos commune. Stung Hav district governor ...

Phnom Penh Water Supply Authority (PPWSA) yesterday announced plans to pay its first dividend to shareholders. Dividends from the stock will be given to investors next month in cash after the financial performance of the company is audited by an international firm. Up until now, the ...

In less than two months, smokers indulging in Cambodia’s inexpensive cigarettes will have to reach a little deeper into their wallets. Starting in July, the tax on cigarettes will jump from 20 per cent to 30 per cent of the retail price, with a tax base ...

Cambodia has seen a 91 percent rise in dry rubber exports in the first half of 2014 as revenue from the exports increased only 3 percent due to global decline of rubber prices. During the January-June period this year, the country exported 42,190 tons of dry ...

Booking outperform expectation at 60 percent with Singaporeans and overseas investors forming bulk of buyers. YUEN Development Co., Ltd, a Singaporean-owned property developer, officially launched the sale of its phase one luxury condominium–La Vie Residences. Located in Chroy Changvar– Cambodia’s city of the future and adjunct ...

Lawmakers yesterday passed a rent control law for low-income earners and students, prohibiting landlords from increasing rent for two years once a contract is signed and allowing tenants to scrap a lease agreement without notice. The law, which sailed through the National Assembly with 102 of ...