Economy and commerce

Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign investors notably in the sectors of industry and agriculture. In his statements while visiting the Kuwaiti Chamber of Commerce and Industry ...

American solf drink maker Coca-Cola plans to invest additional US$ 100 million for factory expansion in Cambodia from 2014 to 2018, according to Martin Jansen, the Regional Director, Bottling Investment Groups for China and Southeast Asia. ...

Kuwait’s Ambassador to Cambodia Dhrar Al-Tuwaijri Thursday stressed the significance of upcoming visit of the Cambodian Minister of Commerce Sun Chanthol to Kuwait, slated for November 30. The visit reflects development of relationship between the two countries and mutual desire to promote trade and economic cooperation, ...

Chinese officials have called on Cambodia to increase fruit exports amid an expected rise in domestic demand for fresh produce fuelled by online sales. Feng Bo, deputy major of Ping Xiang city of Guangxi province, last week said fruit imports from ASEAN nations must increase from ...

Cambodian Prime Minister Hun Sen met with his Vietnamese counterpart Nguyen Tan Dung and the two leaders vowed to further enhance relations and cooperation for mutual benefits, a senior Cambodian official said Tuesday. For the investment side, Dung said there have been 134 Vietnamese investment ...

Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong agreed to conclude negotiations on the signing of a new bilateral trade agreement, which forms the legal framework for achieving the two countries’ goal of 2 billion USD in trade by 2015. The agreement is ...

Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...

Cambodian unions say they will not agree to a minimum wage proposed by the Cambodian government. Union leaders say the government’s proposed minimum wage of $128 per month will not be enough for workers to keep up with the rising cost of living in the country. ...

Officials from Southeast Asia’s natural rubber-producing nations met in Kuala Lumpur yesterday for the 12th International Tripartite Rubber Council (ITRC). Cambodia, Laos, Myanmar and Vietnam (CLMV) joined ITRC core nations – Thailand, Indonesia and Malaysia – for the event, which is being touted as a joint ...

The Garment Manufacturers Association in Cambodia (GMAC) said in a statement this week that under the new minimum wage workers can actually earn up to $250 per month, though others were quick to label the figure exaggerated. The Ministry of Labour last week approved the new ...

Japanese conglomerate Hitachi on Wednesday signed a memorandum of understanding with three major companies to conduct a feasibility study on the potential development of a new special economic zone (SEZ) in Kandal province, said the CEO of one of the signatories. ...

A year after violent clashes broke out between workers from the SL Garment Factory and gun-wielding security forces, leading to the shooting death of a bystander, representatives for workers and management at the factory signed off on a list of agreements this week to end the ...

Cambodia exported 304,788 tons of rice in first ten months of 2014, up from 294,154 tons exported in the same period last year, according to a report of Ministry Agriculture, Forestry and Fisheries. ...

Some 300 rice traders and millers from around 40 countries met here on Wednesday to seek opportunities to expand their rice businesses, officials said. Speaking at the opening ceremony of the World Rice Conference, Commerce Minister Sun Chanthol said the conference was an opportunity for Cambodia ...

Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement ...

China International Travel Service Group (CITS) will open a duty-free shop (DFS) in Cambodia next month, the first non-airport DFS in the country, it announced on Sunday. ...

Cambodia and southwestern China’s Chongqing city on Friday jointly organized a conference on trade and investment, aiming at further enhancing bilateral ties and cooperation, officials said. The half-day event was attended by some 20 Chinese company representatives from Chongqing city and around 80 Cambodian commerce officials ...

Cambodian Prime Minister Hun Sen met for the first time with his Russian counterpart Dmitry Medvedev on the sidelines of the 25th ASEAN Summit in Myanmar on Thursday, and both leaders vowed to enhance bilateral ties and cooperation, a Cambodian senior official said. ...

It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...

Kampot province’s City Hall yesterday revealed plans for a new passenger pier to siphon more coastal tourism business from Thailand and Vietnam. Sim Vuthea, administrative director of Kampot City Hall, said the new $40 million passenger pier, which will be funded by the Asian Development Bank ...

Cambodia on Wednesday increased the monthly minimum wage for garment workers by 28% to $128, falling short of union workers’ demands and creating the potential for further strikes in the country. Ath Thun, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said the ...

Cambodia on Wednesday decided to increase the monthly minimum wage in the garment sector to 123 U.S. dollars, up 23 percent from the current 100 U.S. dollars, Labor Minister Ith Samheng said. ...

Cambodia on Wednesday raised the controversial monthly minimum wage for garment workers by 28 percent, a decision likely to infuriate unions seeking a higher increase and revive calls for strike action. Sixteen members of the Labour Ministry’s Labour Advisory Committee voted for the government-proposed minimum ...

The Cambodian Rice Federation (CRF) is seeking financing from China’s Export-Import Bank (Ex-Im) to build much-needed infrastructure such as warehouses and drying facilities to hopefully increase milled rice export capacities. Sok Puthyvuth, president of the CRF told the Post yesterday that the CRF had set up ...