Economy and commerce

Bilateral trade between Cambodia and Vietnam fell marginally by 6 per cent in the first half of this year largely due to a slump in Vietnamese exports, according to data from the Vietnamese Embassy in Cambodia. ...

After winning the World’s Best Rice Award for two years running at the World Rice Conference, Cambodia has been selected to host this year’s annual event. The World Rice Conference is a networking event that brings together rice industry professionals from all over the world. Initiated ...

The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for 40 million U.S. dollars and rebranded it as Phillip Bank on Thursday, a bank’s chief said. Phillip Bank’s chairman Lim Hua Min said the Phillip Capital Group, which is an Asian ...

The Phnom Penh government is planning to take action against illegal petrol stations around the city, and has counted 205 of them so far. Chreang Sophan, Phnom Penh deputy governor, said at the opening of a Total station in Tuol Kork district on Monday that the ...

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Telecommunication Regulator of Cambodia (TRC) has issued a warning to 15 companies that offer Voice over Internet Protocol (VoIP) services for allegedly failing to pay their annual fees. In a statement published on a local media website on August 22, the TRC demanded the companies ...

Small- and medium-sized enterprises (SMEs) need to intensify self-regulatory efforts against corrupt practices to help foster a stronger business environment, NGO Transparency International (TI) Cambodia said yesterday. At a seminar in Phnom Penh, TI Cambodia executive director Preap Kol told business representatives that while government corruption ...

In what could be the latest sign that authorities are pushing ahead with the Areng Valley hydropower dam, Vietnam Military Telecommunications Group has sent engineers into the valley in Koh Kong province to scout for locations where its local subsidiary, Metfone, could build mobile phone ...

After the development company 7NG completed the violent eviction of more than 1,400 families from Phnom Penh’s Dey Krahorm community in 2009, it set its sights on the adjacent White Building. The historic apartment block, which was built as a low-cost housing project under then Prince ...

A livestock industry representative has called on the government to cap Cambodia’s only live pig export company’s trade with Laos, citing shortages in the local market. CP Cambodia, a subsidiary of the Thai conglomerate CP Global, exported some 25,000 head of live swine – boars, sows ...

Hundreds of garment workers traveled from a Kompong Chhnang factory to Phnom Penh on Monday to petition the Ministry of Labor to intervene in their dispute with factory management. About 3,000 workers from the Chinese-owned Jiun Ye Garment factory have been striking since August 18, accusing ...

Experts say that Cambodia’s economic growth remains fragile and unsustainable, bringing environmental degradation, social inequality and, at times, unrest to the country. Cambodia has maintained a high economic growth rate in recent years, up to 8 percent, “but that high growth comes with high costs,” said ...

A Hanoi-HCM City direct air route, which was once described as “impractical” by the Civil Aviation Authority of Vietnam (CAAV), has come closer to reality as the Cambodian and Lao governments have pledged to create favorable conditions for Vietnam to use Cambodian airspace on the ...

The Garment Manufacturers Association in Cambodia (GMAC) over the weekend released a statement condemning an ongoing strike at a Kompong Chhnang garment factory and urging authorities to “punish the perpetrators.” About 3,000 employees of the Chinese-owned Jiun Ye Garment factory have been on strike since August ...

More than 15 months after a Global Witness report revealed that Vietnam’s state-owned rubber giant had illegally cleared land and displaced communities in Cambodia, the company has announced that it will accept and respond to complaints from those whose lives it has damaged. Vietnam Rubber Group, ...

Days after the Australian government announced it had approved the export of 10,000 live cows to Cambodia, a local firm has revealed that it is nearing completion of the Kingdom’s first modern slaughterhouse in Preah Sihanounk province – and that it is set to be ...

Amid reports of increased mass-fainting incidents in Cambodia’s garment sector, workers, employers and government officials gathered in Phnom Penh yesterday for a roundtable discussion on the issue. The conference, which was organised by the Cambodian Center for Independent Media, identified issues such as workday lengths and ...

A unique harvest is under way in the rice fields of Cambodia where tens of thousands of wild rats are being trapped alive each day to feed a growing export market for the meat of rural rodents. Popularly considered a disease-carrying nuisance in many societies, the ...

The Willowbrook Company, a New York-based renewable energy development company, is seeking support from Cambodia to build a 250-megawatt solar power plant, the Cambodian Ministry of Commerce said in a statement Friday. Edward J.Sappin, visiting chief executive officer of the Willowbrook Company, urged the support from ...

The minister of labour has sent a stern warning to garment factories to take measures to end mass faintings or face the consequences. Speaking after a safety workshop yesterday, Ith Sam Heng said the government will get tougher on factories, fining those that didn’t provide safe ...

At least 2,800 bears in Asia were traded for their parts over the past decade, according to a report issued Thursday by an anti-wildlife trafficking group. The figure was arrived at after analysing nearly 700 bear-related seizures, and it likely represents a fraction of the overall ...

Cambodia Bayon Airlines says it is getting closer to a launch date for its domestic services. The airline’s parent company, Bayon Holdings Limited ‘svice president, Taing Chung Leang, told local media that Cambodia Bayon Airlines plans its launch by the end of the year. “Bayon will sign ...

AUSTRALIAN live cattle exporters today warmly welcomed news that Cambodia is the latest market to open for Australian live cattle exports. Australian and Cambodian government veterinary authorities have reached agreement on animal health certification requirements, paving the way for the start of trade in feeder and ...

The faintings between January and August were much higher than the 802 reported in the whole of last year, while only one factory worker died in the workplace in 2013, the Free Trade Union of Workers of the Kingdom of Cambodia (FTUWKC) said in a ...