Investment

While more Japanese companies are flocking to Cambodia for investments in recent years, they are more diversified, ranging from restaurants to manufacturing industries and electronics. Yoshihito Katsuo, first secretary in charge of trade at the Japanese embassy in Phnom Penh, told Kyodo News on Friday that ...

Axiata, the Malaysia-based parent company of Cambodia’s second-largest telecommunications provider, Smart, posted a rise in total revenues for 2013 to $5.5 billion. The boost represents a 4.1 per cent increase from the fourth quarter of the previous year. Driven by its Malaysian, Bangladeshi and Cambodian operations, ...

Malaysian entrepreneurs operating their businesses in Cambodia have been urged to work closely with the Cambodian government, Tan Sri Muhyiddin Yassin said. The deputy prime minister said like Malaysia, the Cambodian government has rolled out a plan to turn Cambodia into a developed country. “Apart from generating ...

Cambodian casino operator, Hong Kong-listed NagaCorp, is trying to reach deals in order to fly gamblers from Macau and mainland China to its gaming resort in Phnom Penh, according to media reports. Hong Kong media quoted NagaCorp chief financial officer, Philip Lee Wai Tuck, as ...

Most tuk-tuk drivers have to continuously vie with each other to attract tourists’ attention, but Oung Hour gets it without even trying. As he stands on the sidewalk near the riverside, groups of tourists point at his bright mustard-yellow tuk-tuk, its smooth fiberglass body shaped like ...

About a year after offering the country’s sole agriculture policy, Forte Insurance is struggling to sell coverage. “We still need time to get farmers to understand the benefits of agricultural insurance,” said Youk Chamroenrith, director and general manager of Forte. “We have four clients signed up ...

Acting on direct orders from Prime Minister Hun Sen, Phnom Penh Municipal Governor Pa Socheatvong on Tuesday called on municipal officials to strictly monitor the companies that collect daily fees from the city’s market vendors. Mr. Hun Sen called out the governor in a speech on ...

Prime Minister Hun Sen on Tuesday said that the foreign direct investments in Cambodia would increase in 2014, thanks to the country’s favorable and open policies. Hun Sen made the comments during a ceremony to launch Cambodia Trade Integration Strategy at the Peace Palace. ...

PAL Holdings Inc., the operator of flag carrier Philippine Airlines, said Wednesday it will pursue the plan to invest in Cambodia Airlines. The airline operator said in a disclosure to the stock exchange the “ongoing preparations for the completion of the contemplated joint venture agreement between ...

The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...

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 ...