Investment

Despite the depressed market conditions throughout Europe in 2013 Cambodia’s export to the EU skyrocketed. The country is well under way to take over Taiwan’s leading position in bike export to Europe. Between January and October 2013 Cambodia’s bike export showed a huge increase of no ...

After the Court of Appeal denied bail to 21 jailed protesters on Tuesday, 16 labor unions and associations announced Wednesday that they will retaliate by calling a nationwide labor strike in the middle of March. The unions, which mainly represent workers in the garment industry, said ...

The government on Monday agreed to a comprehensive solution for rural families who have lost their land to well-connected agricultural plantations exporting sugar to the European Union (E.U.) duty free and will meet again early next month to discuss details. The decision was made at a ...

The Labor Ministry on Tuesday defended its failure to act on the results of its own study, which in November found that the minimum livable wage for garment factory workers is between $157 and $177. In its annual report, the ministry listed its wage study, carried ...

Cambodia and Vietnam vowed on Tuesday to further strengthen and expand friendship and cooperation for the benefits of the two countries and peoples. Koy Kuong, spokesman for the Cambodian Ministry of Foreign Affairs, said the two ministers agreed to increase cooperation in economics, trade, investment, ...

Cambodian Prime Minister Hun Sen on Tuesday was optimistic about the country’s steadily growing trade with Vietnam and foresaw that the bilateral trade volume would definitely reach $5 billion by 2015. The two-way trade volume was valued at $3.5 billion last year, up 25 percent year-on-year. Speaking ...

Ministry of Commerce appealed to the Cambodian traders to join the upcoming Macau International Exhibition to promote their products and find business partners. The appeal was made following the Macau Trade and Investment Promotion Institute (IPIM), which announced that it would hold 2014 Macau International Environmental ...

More than a dozen ethnic minority communities from Cambodia’s northeast filed a complaint with the International Finance Corporation (IFC) on Monday, accusing it of breaking its own safeguard policies by investing in rubber plantations they say are stealing their land and illegally logging their forests. The ...

Cambodia’s largest hydropower plant to date, the Stung Russey Chrum, is operational. The 338-megawatt dam, located in Koh Kong’s Mondul Sima district forest, produced and transmitted electricity to Phnom Penh last month, according to its developer, China Huadian Corporation. “It is the biggest and best dam we ...

A dispute has erupted off the coast of Sihanoukville. On one side is the country’s aviation authority, backed by the local airport. On the other side are a couple of guys and a few flying boats. The State Secretariat of Civil Aviation (SSCA) said yesterday that ...

The progress in the project to build the Belarus tractor assembly plant in Cambodia was discussed in a meeting between Belarusian Ambassador to Russia Igor Petrishenko and Ambassador of the Kingdom of Cambodia to Russia Thay Vanna, BelTA learnt from the press service of the ...

Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...

Some of the hundreds of families losing land and community forest to Vietnamese-owned rubber plantations in Cambodia’s northeast will this week file a complaint with the International Finance Corporation (IFC) over the investment it has made in the plantations’ parent company. Eang Vuthy, executive director of ...

More than 100 vendors from Phe Leu market in Kratie town protested yesterday after they arrived at work to find security guards refusing to let them sell at their usual spots, vendors said. More than 20 unarmed guards blocked the protesters, forcing them to set up ...

Insurance providers sold far fewer motor vehicle and personal accident policies in 2013 than in the previous year, sparking concern among some in the industry that the importance of being covered in case of a road accident isn’t getting through to drivers. According to the General ...

 Flag carrier Philippine Airlines (PAL) is said to be better off not pursuing a deal with Royal Group of Cambodia (RGC) to form Cambodia Airlines Co. Ltd., saying there are other “bigger priorities” for the flag carrier. CAPA said the Cambodia-Philippines is a small market, ...

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...

Compared to the bustling tourist center of Siem Reap, Phnom Penh has long stood in second place as an investment destination for international hotel operations. But as infrastructure slowly improves and the number of visitors to the capital continues to grow, international hotel chains are taking ...

Starting later this month, 10,000 small and medium-sized businesses will be queried as part of a Japanese government-backed economic census intended to take a snapshot of activity across the private sector. Beginning on February 23 and running through to March 31, Cambodia’s National Institute of Statistics ...

At 10 a.m. on January 3, about 2,000 members of the security forces, mostly military police, advanced down Phnom Penh’s factory-lined Veng Sreng Street, spraying AK-47 assault rifle fire into a crowd of about 100 protesters who had been throwing stones and crude Molotov cocktails. ...

Japan will introduce direct flights to and from Cambodia this year in an effort to bolster trade, investment and tourism between the two nations, Prime Minister Hun Sen said on Friday. Hun Sen announced the plan at a meeting with a delegation led by Hideo ...

Prime Minister Hun Sen of Cambodia believes that within 6 months, Cambodia will have direct flight from Japan, which will help promote tourism and investment in the Kingdom. The Premier made such comment January 31 during his meeting with Delegates of World Tourism led by Mr. ...

Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...

Cambodian Prime Minister Hun Sen said Friday that the country wanted to see more British investors in order to further contribute to developing local economy and reducing poverty. The premier made the remarks during a meeting with visiting British Minister of State at the Foreign and ...