Investment

A few garment factories resumed operations in Phnom Penh on Friday, albeit at reduced capacity, as thousands of workers returned to the city after Khmer New Year celebrations in the provinces. While the majority of factories in Meanchey and Pur Senchey districts stayed closed, it remained ...

Most garment factories did not open for business Thursday, choosing to extend the Khmer New Year holidays—which officially ended Wednesday—rather than face industrial action in the form of a planned nationwide stay-at-home strike. However, a number of workers interviewed Thursday said they knew nothing about the ...

The Sichuan-Cambodia Business Matching Session 2014 was held here Thursday with an aim to further promote economic and trade relations between Cambodia and China. The half-day forum brought together business executives from 51 enterprises in Southwest China’s Sichuan Province and some 120 Cambodian business people. ...

Along Phnom Penh’s industry-heavy Veng Sreng Street on Wednesday, garment factories lay idle in observance of Khmer New Year. The dorms around them were empty, save for the few workers who could not afford the bus ticket home for the holiday, which ended Wednesday. Eight unions ...

Security guards at the center of a yearlong land dispute between families in Phnom Penh’s Boeng Kak community and the Khun Sear Import Export Company on Wednesday accused the families of attacking them during a late-night Khmer New Year drinking party. Nuon Sokhannara, one of the ...

Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ...

Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...

Business International Monitor said Thursday that Cambodia, Laos and Myanmar were expected to outperform their regional peers in terms of real economic growth in the longer term. In a statement, the London-based firm said the three countries would offer ” substantial opportunities for investors over the coming decade, ...

The Garment Manufacturers Association in Cambodia (GMAC) warned garment workers on Thursday that they risk losing their jobs if they extend their Khmer New Year vacation by joining a stay-at-home strike. Aiming to avoid police suppression of street protests for a higher garment sector minimum wage, ...

The Zongtex Garment factory off Phnom Penh’s Russian Boulevard looks like a nondescript residential compound, hidden down a dead-end road. There are no signs suggesting that it supplied to some of the world’s leading high street names – and the US military. Taiwanese-owned Zongtex Garment Manufacturing ...

Members of an ethnic minority in Koh Kong province’s Areng Valley stood watch Thursday to block a road leading to the site of a proposed dam after they heard that Chinese workers would inspect the site, community representatives said. Villagers believe that the Chinese company Sinohydro ...

Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...

Eight families involved in a land dispute in Kompong Chhnang province with Chea Kheng, the wife of Mines and Energy Minister Suy Sem, on Wednesday walked away from a meeting that was set up at their local district administrative office to resolve the dispute, an ...

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Cambodian and Indian senior diplomats on Wednesday discussed ways to strengthen and expand bilateral relations and cooperation for mutual benefits of the two countries and peoples. The talk was made between Cambodian deputy Prime Minister and Foreign Minister Hor Namhong and Indian Ministry of External Affairs ...

About a dozen Tuol Kok district security guards in Phnom Penh on Tuesday blocked three families involved in a long-running land dispute from building a fence around the disputed property in Boeng Kak I commune, an official said. Deputy district governor Saing Sopheak Vichet said the ...

Mobile network operator Beeline announced on Monday that it will launch a 4G service by the end of the year. Hout Vanthan, the chairman of parent company Sotelco, said the 4G network will be available in Phnom Penh by the fourth quarter of 2014. ...

Ath Thorn, the president of the union that led strikes at the SL Garment Factory last year, appeared before the Phnom Penh Municipal Court on Tuesday for questioning over allegations of incitement. The Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU), headed by Mr. Thorn, spearheaded ...

In their latest bid for a $160 minimum monthly wage for the garment industry, independent unions will lead a “stay at home” strike late next week. While the chances of that figure being approved anytime soon seem slight – the government has only just announced a ...

Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...

About 200 workers employed by a sub-contractor of Kampot Cement Company went on strike for several hours Tuesday, demanding better wages as well as annual leave, a union representative said. “The reason they went on strike is that they want Banjamag company to implement five points” ...

The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, ...