Economy and commerce

Economic policy and administration

Kratie families march in Phnom Penh to protest evictions

Nearly 200 villagers from Kratie province gathered in Phnom Penh Monday, hoping to deliver a petition to the Cambodian Senate and other government agencies in protest of a rubber company’s development there. The villagers, from Snoul district, say a Vietnamese rubber company began developing in ...

Suy Heimkhemra,
http://www.voacambodia.com/content/kratie-families-march-in-phnom-penh-to-protest-evictions/1912760.html

Economic expansion of Cambodia; an opportunity for Thai entrepreneurs

The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...

National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001

Exports of rubber up, but prices on the fall

Despite a large increase in exports during the first quarter, natural rubber producers continue to see declining revenues, as world prices fall further. The latest figures from the Ministry of Commerce show natural rubber exports grew 26 per cent during the first quarter of 2014, compared ...

Chan Muyhong
http://www.phnompenhpost.com/business/exports-rubber-prices-fall

Survey says firms confident despite deadlock

Local and foreign firms have a high level of confidence in the current economic climate in Cambodia despite the political deadlock in the country since last year’s disputed election, and are optimistic about business over the next year, according to a study to be released ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/survey-says-firms-confident-despite-deadlock-58295/

Report sees increasing foreign investment in industrial sector

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector

Cambodia-U.S. trade up 11 pct in Q1

Bilateral trade volume between Cambodia and the United States had amounted to 845 million U.S. dollars in the first three months of 2014. The number saw a 11-percent rise from 758 million U.S. dollars over the same period last year, figures release by the U.S. Department ...

Shanghai Daily
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=216833

Union says three workers arrested over wing star protest

At least three workers were arrested Tuesday morning outside the Wing Star Shoes factory in Kompong Speu province, where the Free Trade Union (FTU) has been leading a strike calling for benefits and back pay, according to police and a union representative. An FTU representative said ...

Mech Dara and Sany Sinary
http://www.cambodiadaily.com/news/union-says-three-workers-arrested-over-wing-star-protest-58169/

Momentum building for GTI

The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...

Eddie Morton
http://www.phnompenhpost.com/business/momentum-building-gti

Garment protest trial defendants deny charges

Defendants in a mass trial of 25 men and teenagers accused of joining a string of violent garment worker protests continued to profess their innocence during the second day of hearings at the Phnom Penh Municipal Court on Tuesday. Twenty-three of the men were arrested in ...

Khy Sovuthy and Eang Mengleng
http://www.cambodiadaily.com/news/garment-protest-trial-defendants-deny-charges-58166/

Aeon microfinance booms with mall on horizon

When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...

George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/

Deposits rally after election outflows

Savings levels at Cambodia’s microfinance institutions (MFIs) have recovered well since the widespread withdrawal that followed last July’s disputed national election, with more than $90 million deposited in the first quarter of this year. The amount of deposits in MFI accounts fell from $378 million in ...

Hor Kimsay
http://www.phnompenhpost.com/business/deposits-rally-after-election-outflows

Ibis Rice exports on horizon

The Wildlife Conservation Society (WCS) says its Ibis Rice project has recorded a production surplus for the first time in its five-year history, prompting a bid to export the boutique product overseas. Concentrated in Preah Vihear province, Ibis Rice farmers produced more than 435 tonnes of ...

Eddie Morton
http://www.phnompenhpost.com/national/ibis-rice-exports-horizon

Police make arrest, file complaints in Bavet strike

Police in Svay Rieng province on Tuesday arrested a garment worker for allegedly breaking a car window during a strike that turned violent in Bavet City the day before, and have filed complaints to the provincial court against two union representatives accused of defamation. The arrest ...

Aun Pheap
http://www.cambodiadaily.com/news/police-make-arrest-file-complaints-in-bavet-strike-57856/

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