Economic policy and administration

The Asian Development Bank on Tuesday said it expects Cambodia’s economic growth to slow slightly in 2014. In its annual “Asian Development Outlook,” the bank said it expects to see a drop in the rate from about 7.2 percent last year to 7 percent this year ...

The government and industry insiders are worried about the steady decline of rubber prices over the last three years, during which the area it is cultivated in has grown. “Farmers and investors raised concern . . . over the trend of the market and the price of natural ...

Prime Minister Hun Sen said that he would like to see the stronger economic and trade cooperation between Cambodia and Brunei. And Cambodia want to increase the rice export to Brunei. ...

The world’s third largest smartphone maker Huawei on Monday unveiled two newest smartphone models for Cambodia’s fast growing mobile phone market.​ ...

Aeon Microfinance (Cambodia) plans to expand its branches in Cambodia this year and also diversify its products from the current base after two years of operating in the Kingdom, officials with the company say. Until now, the microfinance institution (MFI) – which is part of the ...

Local conglomerate Royal Group said Tuesday that while it is committed to its partnership with Australia-based ANZ bank, it would entertain selling its stake in ANZ Royal Bank for “a very high offer.” “The Royal Group would like to clarify that it is a strong and ...

The Garment Manufacturers Association in Cambodia says it will hold a workshop next month to explain to foreign managers why Cambodians behave in certain ways. “This workshop will provide the participants with relevant cultural information about the Cambodian workers and will show the different perspectives from ...

Battambang land prices have increased this year, according to a local real estate firm. Sorn Seap, general manager of Key Real Estate, said land prices in Battambang city, capital of the province of the same name, have increased by around 12 per cent this year compared ...

Executives from Australia and New Zealand Banking Group Limited (ANZ) and local partner Royal Group of Companies (RGC) both went into damage control yesterday after comments by ANZ chief executive officer Mike Smith suggesting the joint banking venture between the two was on the rocks. Royal ...

Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to ...

A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...

Cambodia’s central bank won’t recognise bitcoin as a form of payment, making the Kingdom the latest Asian country to reject the digital currency. National Bank of Cambodia director-general Chea Serey confirmed the regulator’s stance on the issue on Wednesday, citing the absence of any e-commerce law ...

Soft-drinks giant PepsiCo has pledged to take a “zero-tolerance” approach to land grabs by its sugar suppliers. In a statement posted on the company’s website on Tuesday, it said the move came in response to a campaign by Oxfam, which targeted Coca-Cola and PepsiCo. ...

A majority government-owned life insurance company has stopped paying out benefits to policy holders who die while taking part in protests and demonstrations, the company confirmed yesterday. The Cambodian Life Insurance Company – 51 per cent owned by the Ministry of Economy and Finance and 49 ...

European Union Trade Commissioner Karel de Gucht said he has no plans to launch an investigation into Cambodia’s much-criticized sugarcane plantations after a meeting with Commerce Minister Sun Chanthol in Phnom Penh on Tuesday. Bottom line: Cambodia’s free trade benefits to Europe are safe for ...

Thousands of workers at the Wing Star Shoes factory demonstrated Tuesday for the second day in a row outside the factory in Kom­pong Speu province after a meeting between union and company officials failed to reach an agreement that would end an ongoing strike, worker ...

The European Union (EU) Trade Commissioner Karel De Gucht started his visit to Cambodia on Tuesday to bolster bilateral trade link. De Gucht held talks with his Cambodian counterpart Sun Chanthol and both sides agreed to further promote bilateral trade relations for mutual benefits, Ken Ratha, ...

Thailand’s Viriyah Insurance, one of the biggest firms of its kind in the country, is seeking to expand its motor vehicle business in Southeast Asia, according to a report yesterday in the Bangkok Post. ...

Cambodia’s bicycle exports to the European Union are expected to decline this year after changes to EU trade preferences in early January excluded Malaysian and Singaporean parts from the scheme. Under EU preferences, a bicycle is considered a Cambodian product when at least 30 per cent ...

The newly appointed local distributor of German carmaker Porsche broke ground yesterday on a $2 million dealership that is set to open within eight months across from the Phnom Penh International Airport on Russian Boulevard. Equipped with four service bays, the planned Porsche Centre Phnom Penh ...

About 7,000 workers protested in front of the Wing Star Shoes Co. Ltd. factory in Kompong Speu province on Monday, demanding that the company raise their bonuses by $5 and properly enforce a number of labor laws, a union official said. The strike comes ten months ...

Two union organizers have filed a complaint with the Phnom Penh Municipal Court claiming that the senior leaders of the Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU) have embezzled money that was meant to be paid to workers in compensation following a dispute with ...

The European Union has called on Cambodia to release 21 jailed activists and protesters and told the government during high level talks held here this week that a failure to reform the judiciary and electoral process could have severe consequences for the ruling party by ...

The World Bank on Thursday asked Phnom Penh municipal officials to do more to help the thousands of families the city evicted from the Boeng Kak neighborhood to make way for a CPP senator’s private real estate project, and is now waiting for a reply, ...