Economic policy and administration

Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...

The Arbitration Council Foundation yesterday ruled that a Phnom Penh garment factory that announced it was closing for a month must pay employees 100 per cent of the wages they would have earned during that period. ...

The number of passenger arrivals at the Kingdom’s airports rose to 1.37 million in the first six months of the year, up 10 per cent from 1.24 million visitors in the same period in 2013, according to figures from Cambodia Airports. The figures include both international ...

Transport Minister Gerry Brownlee says Cabinet approval of two new air services agreements will make it easier for New Zealanders to travel and do business in Cambodia and the Philippines. The new agreement with Cambodia places no limits on flights and routes operated by airlines ...

The number of flights between New Zealand and Southeast Asia is set to grow with the approval of new air services agreements with the Philippines and Cambodia, Transport Minister Gerry Brownlee said Wednesday. “These agreements help provide New Zealanders with better access to Southeast Asia, providing ...

Phnom Penh Water Supply Authority (PPWSA) – the first listed company on the Cambodian stock exchange – has recorded a profit of $1.33 million for the first quarter, a decrease of 60 per cent from the same period last year, according to audited financial statements ...

Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...

Provincial government officials in Stung Treng have warned companies granted economic land concessions (ELCs) in the province to fulfil their promised development plans or face losing their rights to the land. Touch Thea, director of the Stung Treng provincial department of agriculture, said the call for ...

The $100 million Sokha Hotel and Residence on Phnom Penh’s Chroy Changva peninsula will be ready to receive its first guest by September, and recruitment is under way for more than 1,000 employees, the hotel’s owner said Monday. “We plan to open in September as a ...

The Ministry of Industry and Handicraft will introduce an online registration platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year, a ministry official confirmed yesterday. Heng Sok Kong, secretary of state at the ministry, said the new software for web registration was built in partnership ...

About 1,000 workers from the Canteran factory in Phnom Penh’s Dangkao district continued to strike on Saturday over a decision to push back the day they are paid. The workers have been on strike since Thursday after being told they will be paid on the 10th ...

The number of garment factories registered in Cambodia reached 1,200 at the end of June, an 8 per cent increase over six months ago, according to data released by the Ministry of Industry and Handicraft. The report also showed that the garment sector employed 733,300 workers ...

The pace of Cambodia’s rice exports are expected to slow this year. Unable to maintain the steady rate of previous years, the export volume for the first half of 2014 is much the same as it was this time last year. At the end of June, ...

Naming and shaming factories that fail to ensure a basic standard of conditions for their workers is starting to improve standards in the crucial garment sector, according to the International Labor Organization (ILO), but persistent offenders remain. Nine factories are included in the “lowest compliance” category ...

The Labor Advisory Committee has asked unions and employers to start separate internal talks on wages this month under a schedule it approved in June, an industry source says. In a report late Wednesday, Fibre2fashion.com said the 28-member committee had agreed that the talks would be ...

The presence of AEON Mall in Cambodia has stirred a lot of questions revolving around the future success of this Japanese giant mall. Since the official opening of the mall, thousands of people have flocked to visit this new mall. Not only people in general ...

Asia Atlantic Airlines, a Thai airline owned in part by Japanese tourism firm HIS Co, will launch scheduled flights between Cambodia and Japan this September, according a statement published by the airline on June 26. As of September 2, Asia Atlantic will run three weekly flights ...

The General Tax Department of Cambodia (GTD) needs to improve a number of administration processes to enhance revenue collection and make a greater contribution to the economy, a recent study released yesterday by Japan International Cooperation Agency (JICA) reveals. According to data from GTD, Cambodia ...

City Hall met with urban planning experts and officials from relevant ministries Tuedsay to discuss building a new overpass on Russian Boulevard, near the Institute of Technology, and extending the existing paved walkway along Phnom Penh’s riverside to Koh Pich bridge, according to Chrean Sophann, ...

When Men Chan started out as a cyclo driver in Phnom Penh in 1966, his services were in demand and his salary was modest but adequate. Now—like most of his colleagues across the city—the 71-year-old is struggling to make ends meet as his income stagnates and ...

A six-month standoff that eventually halted a box factory’s production ended on Friday, when managers of the factory in the capital’s Por Sen Chey district paid seniority bonuses to almost 150 former employees. Harta Packaging Industries paid bonuses of between $500 and $4,000 to a total ...

Cambodian firm Angkor Gold Corp (ANK) on Thursday finalised a partnership agreement with Hong Kong firm Tohui Beishan Property Group Holding Limited (TG) worth more than $10.4 million. According to a company statement issued on the Toronto Stock Exchange, ANK granted the Hong Kong firm 7.9 ...

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...

Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...