Investment

Microsoft Cambodia has found that an overwhelming majority of computer retailers surveyed earlier this year failed to offer customers the option to purchase licensed, as opposed to pirated, software. Out of the 54 Cambodian computer retailers included in the May survey, the results of which were ...

The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ...

Japanese automaker Mazda opened its first showroom in Cambodia on Wednesday, making it the third foreign car company to move into the country since the beginning of the year. “Mazda starts selling in Cambodia from today,” said Chanthan Ngon, general manager of HGB Auto, the company’s ...

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

More than 170 trainees at a Chinese-backed power plant under construction in Preah Sihanouk province ended a five-day protest on Monday after securing higher wages from their employer, according to a union representative and provincial official. Khmer Workers Power Federation Union president Chey Sovann, who negotiated ...

What happened to Cambodia’s electric car? The short answer is, the wait continues. More than seven months after its owners unveiled the new and improved Angkor EV 2013 to great fanfare, they are chronically short of funding and assembly is taking place in piecemeal fashion. Seang Chan ...

More than 700 families living in Stung Treng province’s Siem Pang district have appealed to local authorities, demanding that they intervene to stop a Chinese company mining gold near their homes. Sin Dan, chief of Thma Keo commune, said he had delivered the petition to both ...

The deal between national flag carrier Philippine Airlines (PAL) and Royal Group of Cambodia (RCG) to form Cambodia Airlines Co.  Ltd. is set to be completed within the next two months. This was according to Ma. Cecilia Pesayco, assistant corporate secretary of PAL’s parent firm PAL ...

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

CIMB Bank announced over the weekend that it will enlarge mortgage loans provided to clients, going from 70 per cent last year to 80 per cent financing of the total purchase price of properties for 2013. Heng Thida, head of retail financial services for the Malaysia-based ...

After two years of assembling Hyundai vehicles in Cambodia for the domestic market, South Korea-based Hyundai Motor Company is increasing its production to meet rising demand, aiming to reach 800 units in 2013, a company’s representative said. Located in the Koh Kong Special Economic Zone, ...

Bilateral trade between Cambodia and the United States has amounted to 1.44 billion U.S. dollars in the first six months of the year, up 2 percent compared with 1.41 billion U.S. dollars over the same period last year, the figures of the U.S. Department of ...

Malaysian companies have been urged to venture into Cambodia’s agriculture sector especially in paddy planting and opening up rubber estates. In making the call, Raja Saiful Ridzuan, Deputy Chief of Mission at the Malaysian Embassy here, said Malaysian firms, with its vast expertise in agriculture sector, ...

About 4,000 angry workers crowded National Road 6 for about 10 minutes yesterday morning The striking employees of the Chinese-owned Juhui Footwear Co, Ltd, who walked out on Friday, took to the street and blocked traffic after officials from the Coalition of Cambodian Apparel Workers Democratic ...

Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region. According to a statement ...

More than 100 families living in Koh Kong’s Kiri Sakor and Botum Sakor districts are on the clock, with an official government decree demanding they vacate their land in less than two months or face the bulldozers of the Chinese firm slated to build a ...

More than 60 villagers from Kampong Cham province’s Stung Trang district staged a protest on Monday at Arak Tnort commune hall, demanding answers for a massive price hike that has accompanied the installation of electricity meters ahead of a planned switchover to state-provided power. Private company ...

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

Hyatt Hotels Corp has announced the opening of the first Park Hyatt in Southeast Asia in Siem Reap. The announcement Wednesday said the reopening of the former Hotel De La Paix in downtown Siem Reap followed a 14-month renovation by award-winning interior designer Bill Bensley. “We are ...

Newly-designated Ambassador of China to Cambodia Bu Jianguo on Thursday vowed to help further deepen all rounds of cooperation with Cambodia for the benefits [sic] of the two countries and peoples. Paying a courtesy call on Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong, Bu ...

A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...