Economy and commerce

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...

An updated version of the draft Trade Union Law gives the Labor Ministry the power to suspend unions that “cooperate” or hold joint activities with groups the government deems to have caused economic sabotage or “damaged” the national interest, according to a copy of the ...

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday. Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ...

Cambodia’s exports to Japan dramatically increased during in the first quarter of 2015, bucking the trend of fellow ASEAN member states who all saw a decline in shipments to Japan over the same period. ...

Viet Nam won a bid for rice supply to the Philippines late last week, with an offer of US$410.12 per tonne, according to the Philippines’ National Food Authority (NFA). ...

Cambodia and Thailand are targeting to boost bilateral trade to more than US$5 billion in 2015, Vietnam News Agency (VNA) reported. In the first quarter of 2015, bilateral trade between both countries reached over US$1.6 billion. ...

Cambodia exported 243,025 tons of milled rice in the first five months of 2015, a 64 percent rise from the 148,262 tons over the same period last year, according to an official report on Sunday. ...

The Cambodian government is trying to weather criticism over the lack of transparency concerning the proposed draft law on NGOs that is now in the hands of the National Assembly. But another important draft law regulating trade unions is being heavily criticized for violating international ...

Thailand has invested $100 million in Cambodia’s construction sector, according to the latest figures issued by the Minister of Land Management, Urban Planning and Construction. ...

The European Union is increasingly scrutinising abuse of its Everything But Arms treaty with Cambodia, underscoring both the importance of the zero-tariff agreement to the Kingdom’s economy and the potential for its misuse. In Cambodia’s rice sector, fears that cheap rice from neighbouring countries is ...

Following an outbreak in South Korea of a deadly respiratory disease which has killed three people and infected 36 in that country since late last month, Cambodian health officials on Friday asked travelers coming from infected regions to be vigilant to avoid its spread here. ...

Vietnam offered Friday the lower price for the additional rice supply that the Philippines will import to increase its buffer stock for the lean season, the National Food Authority said. NFA earlier invited Cambodia, Thailand and Vietnam to supply an additional 250,000 metric tons of rice ...

Garment factory Grand Twins International (GTI), one of the two companies listed on Cambodia’s fledgling stock exchange, will pay 50 per cent of its net income after tax in dividends to shareholders by the 22nd of this month. According to an announcement from the Cambodia Securities ...

Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. The Thai government recently approved 99-year leases for state land for industrial and commercial use ...

On May 19, 2015, the European Union (EU) adopted a Joint Communication: The EU and ASEAN: a partnership with a strategic purpose. The communication calls for taking “trade relations with ASEAN to a different level and working towards an ambitious region-to-region free trade agreement (FTA) ...

Vietnam, the world’s third largest rice exporter after India and Thailand, has raised by 3% the export price floor for the 25% broken rice to $350 a ton as it prepares for a tender in the Philippines, traders said. ...

Cambodian rice exporters are expressing concern that the country’s rice exports to the European Union (EU) under the Everything But Arms (EBA) agreement have been facing a stiff competition from Myanmar, which also exports rice to the EU under the EBA agreement, according to local ...

Cambodia will continue to diversify its export markets, and is optimistic that investors will reap good benefits from investing in the country. Prime Minister Hun Sen said to expand its exports, the government would promote transport connectivity and the logistic systems, improve the regulatory framework and ...

ASEAN and the European Union (EU) are set to explore the possible resumption of talks on a free-trade agreement (FTA) after the ASEAN Economic Community comes into effect this year, Malaysia’s Bernama news agency reported Sunday. ...

Prime Minister Hun Sen met with Chinese President Xi Jinping on the sidelines of the 60th Asian-Af­ri­can Conference Commemoration in Bandung, Indonesia, on Thursday, announcing further cooperation between the two countries, local media reported Friday. ...

The Ministry of Environment said it is working to make eco-friendly and green technologies tax-free, in order to reduce the cost barriers associated with importing and implementing these technologies, such as the use of solar panels. Speaking at EuroCham’s Green Business Forum in Phnom Penh, Environment ...

There is a growing demand for palm sugar in the marketplace. But producers are unhappy that they have not been paid fair prices by middlemen. The fair price for a kilo of raw palm sugar varies from US$0.41 to US$0.70. But the producers get much ...

Less than 10 months after the $200-million Aeon Mall opened its doors to Phnom Penh’s consumers, at least seven tenants at Cambodia’s largest shopping center have shuttered their businesses, complaining of disappointing foot traffic, construction disturbances and overly thrifty patrons. ...

A Cambodian rice exporter is expected to take part in an Iraqi bid for 30,000 tons of milled rice late this month, a company’s representative said Wednesday. ...