Economy and commerce

From the start, the project seemed impossibly ambitious: A $2-billion South Korean satellite city—complete with condominiums, office space, luxury villas, a shopping mall, health clinics, banks and an airport—on the outskirts of Phnom Penh. Claiming the land was not properly appraised, and that the decision ...

Thousands of employees at Grand Twins International, Cambodia’s only publicly listed garment factory, will be back at the assembly line today after nearly two weeks on strike, accepting a court order to return to work. Workers will follow the order the Phnom Penh Municipal Court issued ...

The tripartite working group set up to negotiate and advise the Ministry of Labour’s Labour Advisory Committee (LAC) on next year’s minimum wage in Cambodia’s garment sector has stopped meeting after reaching a stalemate. Made up of 27 members – nine each from employers, the government ...

The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...

The Thai government’s move to stabilise rice prices for the 2014 harvest season has prompted mixed reactions from local rice industry representatives. Sok Puthyvuth, president of the Cambodia Rice Federation said yesterday the policy would impact Cambodia negatively when Thailand is forced to sell ...

The Minister of Industry and Handicrafts on Monday said the Cambodia Chamber of Commerce (CCC), the country’s most prominent private-sector lobbying group, should be doing more for the country’s entrepreneurs. “Honestly, even though the Cambodia Chamber of Commerce has more resources, it has not provided ...

A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. It will also provide access to ING City – previously known as AZ City – which is being constructed on land ...

Cambodia’s garment exports have continued to rise but at a slower pace than earlier in the year, according to government data. ...

With construction on the second phase of a new cargo terminal at the Phnom Penh Autonomous Port (PPAP) set to begin in 2016, officials are now looking for ways to finance the project. Hei Bavy, director general for PPAP, said the $20 million expansion will see ...

Transparent reporting of garment factory compliance in Cambodia is continuing to help to improve conditions for workers, according to a new report. In its third online transparency report, the International Labor Organization (ILO’s) Better Factories Cambodia (BFC) programme said two of the 13 factories in the Low Compliance group had ...

Cambodia is one of only two economies worldwide to have declined in global value chain (GVC) participation since 1995, according to the World Trade Organization’s latest study. The WTO’s World Trade Report 2014, released Monday, shows Cambodia’s overall percentage of GVC participation – one country’s contribution ...

The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...

Third-party payments provider Wing yesterday penned a deal with Canada-based financial services group, Manulife. According to a joint statement issued by the two companies, Wing customers can now pay their Manulife insurance bills via the company’s mobile payments system.​ ...

Edible bird’s nest producers have called on the Ministry of Commerce (MoC) to facilitate the industry’s access to the Chinese market. Nang Sothy, president of the Cambodia Bird’s Nest Federation, said yesterday that the association had requested the MoC to include the delicacy on the list ...

While the smoke has long cleared on January’s violent garment strikes, for many of the 23 workers and unionists arrested and tried on charges widely considered to be baseless, the ordeal is far from over. Nine months after security forces used deadly violence to end strikes ...

Cambodia’s milled rice export hit 269,370 tonnes in the first nine months of 2014, up 1.2 per cent from 266,123 tonnes over the same period last year, according to latest official data. Seventy-seven companies have brokered Cambodian rice for 57 countries and regions around the world, ...

A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital ...

Nearly 80,000 tons of Cambodian river sand has been sitting at a seaport in India for nearly two months, the second haul to turn up there in two years, despite a 2009 ban on the export of river sand handed down by Prime Minister Hun ...

Some two hundred villagers from Prey Veng and Svay Rieng provinces gathered yesterday and Wednesday to file complaints at the Svay Rieng provincial police station accusing the purported owner of a local water purification company of cheating them out of some $470,000 in investments. ...

Cambodian authorities have held two rounds of talks with garment factory owners and unions under a new mechanism to help break a deadlock over increasing the workers’ monthly minimum wage but to no avail. But Labor Minister Ith Sam Heng said that he expected the Garment ...

Cambodia and Seychelles on Thursday inked six documents to pave the way for bilateral cooperation in the fields of politics, trade, investment, tourism, agriculture, and air services. The deals were made during the two-day visit of Seychelles Foreign Minister Jean-Paul Adam to Cambodia. ...

Cambodian rubber industry representatives met with Asia’s major exporters of the commodity last week to set a floor price for natural rubber in an effort to salvage an industry suffering from plummeting values. ...

Despite ongoing protests over the minimum wage in the garment industry and the political deadlock that lasted well in to July, Cambodia registered over 3,000 new businesses from January to September this year. The latest data from the Ministry of Commerce reveal there were 3,025 newly ...

Cambodian and Japanese investors have invested USD 10 millions to construct villas, flats and twin villas in Sen Sok district. ...