Economy and commerce

Economic policy and administration

Khiri Travel helps Cambodia’s Banteay Chhmar community with a new tourism product

Banteay Chhmar Community-Based Tourism project is a group of local villagers from the Banteay Chhmar community dedicated to preserving and protecting the cultural heritage of their local temple site. Khiri Travel is aiming to create a responsible tourism industry in the town of Banteay Chhmar. The CBT ...

Luc Citrinot
http://www.traveldailynews.asia/news/article/55650/khiri-travel-helps-cambodia-rsquo-s-banteay

Union leaders evade arrest, co-workers say

Two union leaders narrowly escaped arrest yesterday morning when employees on strike at a Phnom Penh garment factory forced their release from police and security guards, fellow union officials said. Seang Sambath, president of the Worker Friendship Union Federation, said WFUF vice president Mao Vannak and ...

Mom Kunthear and Alice Cuddy
http://www.phnompenhpost.com/national/union-leaders-evade-arrest-co-workers-say-0

Cambodia sees big jump in construction investment in first quarter

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday. During the January-March period this year, the ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=219820

Temple to be restored

A stone wall from the Angkorian-era Banteay Chhmar temple that was damaged in a rainstorm last month will be repaired in July, an official said yesterday. Yang Tangkouy, a provincial official, said the Ministry of Culture and Fine Arts is cooperating with UNESCO on the restoration ...

Mom Kunthear
http://www.phnompenhpost.com/national/temple-be-restored

Imports of petroleum on the rise last quarter

Cambodia’s petrol bill topped $440 million at the end of the first quarter, up 11 per cent from $397 million during the same period last year, according to data from the Ministry of Commerce. The data show Cambodia imported a total of 453,000 tonnes of petroleum ...

May Kunmakara
http://www.phnompenhpost.com/business/imports-petroleum-rise-last-quarter

Acleda joins WEF growth club

Cambodia’s largest financial institution, Acleda Bank, has been adopted into the World Economic Forum’s group of Global Growth Companies (GGC), an exclusive club made up of some of the world’s fastest-growing medium-size firms. The WEF yesterday announced that 20 companies from the Asia-Pacific region had been ...

Eddie Morton
http://www.phnompenhpost.com/business/acleda-joins-wef-growth-club

Exports to Japan see a big jump

Cambodia’s exports to Japan increased sharply by 39 per cent over the first three months of 2014 compared to the same period last year, according to data from the Japan External Trade Organization (JETRO). Total exports reached more than $178 million at the end of March, ...

May Kunmakara
http://www.phnompenhpost.com/business/exports-japan-see-big-jump

Rubber prices tumble as industry panics

Cambodia’s steadily declining rubber prices have hit critically low levels that are destined to only get worse as Thailand prepares to offload huge rubber stocks, the secretary-general of the Association for Rubber Development of Cambodia said Thursday. As the price of natural rubber has paralleled a ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/rubber-prices-tumble-as-industry-panics-58889/

17 families reject payout from minister’s wife

A special committee set up in March to settle a long-running land dispute between 52 families in Kompong Chhnang province and the wife of Mines and Energy Minister Suy Sem has finished its work, leaving 17 families without a deal. Deputy provincial governor Dork Sothea, who ...

Kuch Naren
http://www.cambodiadaily.com/news/17-families-reject-payout-from-ministers-wife-58741/

As free man, Polonsky plans tourism mecca

Sergei Polonsky, a Russian fugitive and former billionaire real estate magnate who was recently released from prison in Cambodia, has grand plans for a string of islands off the coast of Sihanoukville. Less than a month after the Supreme Court refused to extradite him to Russia ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/as-free-man-polonsky-plans-tourism-mecca-58726/

Cambodia exports to US rise by over 10 pct

Driven by a slowly recovering American economy, Cambodian exports to the US increased 11 per cent in the first quarter of 2014 compared with the same period last year, according to the latest US government data. Cambodian exports from January to March totalled $771 million, up ...

Eddie Morton
http://www.phnompenhpost.com/business/cambodia-exports-us-rise-over-10-pct

Caltex loosing hundreds of thousands of dollars, striking workers say

Chevron’s Caltex gas stations are potentially losing hundreds of thousands of dollars per day in Cambodia, striking employees say. Workers say Caltex, a subsidiary of US-based multinational Chevron, sells between 5,000 to 10,000 liters per station per day, putting its losses between $350,000 to $700,000 ...

Khoun Theara,
http://www.voacambodia.com/content/caltex-loosing-hundreds-of-thousands-of-dollars-striking-workers-say/1914429.html

Strike by Cambodian Caltex staff enters 3rd day after wage talks fail

Cambodian workers for the U.S.- owned Caltex petrol stations in Phnom Penh continued their strike for higher wages Wednesday after wage negotiations late Tuesday failed to reach any agreement. Strike leader Sar Mora, president of the Cambodian Food and Service Workers Federation, said some 300 Caltex ...

Xinhuanet News
http://news.xinhuanet.com/english/world/2014-05/14/c_133332966.htm

Angkor brewery agrees to strikers’ demands

More than 200 striking workers at Cambodia’s largest brewer, Cambrew Ltd., resumed work on Saturday after the company agreed to lift their monthly salary from $120 to $150 as they had been demanding. The workers at the company, which produces Angkor beer and Black Panther stout, ...

Ben Sokhean
http://www.cambodiadaily.com/news/angkor-brewery-agrees-to-strikers-demands-58466/

For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/

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