Economy and commerce

Local and foreign firms have a high level of confidence in the current economic climate in Cambodia despite the political deadlock in the country since last year’s disputed election, and are optimistic about business over the next year, according to a study to be released ...

Vattanac Capital Tower, a long-anticipated gleaming tower that dominates the city’s skyline from Monivong Boulevard, continues to attract tenants to its commercial office space. The most recent tenants to occupy the building are Qatar Airways and investment company One Asia Capital, with Qatar occupying 180 square ...

Three of Cambodia’s most iconic natural products – Thma Koul rice, Kampot durian and Cambodian silk – have been earmarked by the government to obtain the World Trade Organization’s Geographical Indication (GI) status. Speaking to reporters after a press conference on GI registration at the Ministry ...

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

Bilateral trade volume between Cambodia and the United States had amounted to 845 million U.S. dollars in the first three months of 2014. The number saw a 11-percent rise from 758 million U.S. dollars over the same period last year, figures release by the U.S. Department ...

Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...

A World Bank-supported rubber company accused of land grabs has suspended some of its projects, as an investigation by the bank continues. The Hoang Anh Gia Lai company, which received support from the bank’s International Finance Corporation, said in a decision following an April 2 ...

The National Bank of Cambodia on Tuesday officially issued a new 50,000-riel banknote (in equivalent to 12.5 U.S. dollars) in order to mark King Norodom Sihamoni’s 61st birthday, which falls on May 14. A sub-decree on the issuance of the new banknote was endorsed by ...

Representatives of a community locked in a land dispute with a Vietnamese company in Kratie province returned home from Phnom Penh late Tuesday after failing to garner support from Prime Minister Hun Sen, while an official at the company said it had begun destroying villagers’ ...

At least three workers were arrested Tuesday morning outside the Wing Star Shoes factory in Kompong Speu province, where the Free Trade Union (FTU) has been leading a strike calling for benefits and back pay, according to police and a union representative. An FTU representative said ...

The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...

Despite Vietnamese state-owned companies withdrawing funding from projects outside of their core business, the $20 million expansion of the Vietnamese-backed Cho Ray Phnom Penh Hospital remains on track, the hospital’s head said yesterday. In July 2012 the Vietnamese government requested that state-owned enterprises withdraw investment in ...

After grappling with weeks of on-again, off-again strikes, the Phnom Penh Sorya Transportation bus firm has filed complaints against 20 former employees for incitement, making threats and using the company uniform without permission. General manager Chan Sophanna said yesterday that the company filed the complaints to ...

Asia Atlantic Airlines (AAA) made its first flight from Japan’s Narita International Airport to Siem Reap on May 3 with more than 260 tourists on board – and there are more to come. AAA ran the test flight last week before committing to two flights per ...

Defendants in a mass trial of 25 men and teenagers accused of joining a string of violent garment worker protests continued to profess their innocence during the second day of hearings at the Phnom Penh Municipal Court on Tuesday. Twenty-three of the men were arrested in ...

More than 170 families in Phnom Penh’s Meanchey district submitted a petition to City Hall on Monday complaining about wealthy businessman Khun Sear’s decision to build a wall in the middle of a road in their neighborhood. The road in Chak Angre Leu commune is under ...

There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...

There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...

Some 500 supporters of union leader Vorn Pao and 24 others arrested during a string of garment worker protests since November will rally in front of the Phnom Penh Municipal Court on Tuesday on the second day of their trials, a union official said. All 25 ...

The Phnong ethnic minority in Mondulkiri province have heard the promises of development before. With increasing investment and the selling off of the region’s forests will come new roads and schools, they are told. But people in this ancient community, tired of seeing their sacred forests handed ...

Dozens of representatives from at least 100 recently evicted families accused of illegally occupying state land in Kratie province traveled to Phnom Penh on Monday morning to petition Prime Minister Hun Sen for his help getting their land back. The families say local authorities have been ...

When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...

Russia invites some Ministers of Cambodia to visit Russia to sign Memorandum of Understanding on bilateral consultation between the two countries, a government official said. The invitation was made during a meeting Monday between Cambodia’s Foreign Minister Hor Namhong and Dmitry Tsvetkov, new Russian Ambassador to ...

Cambodia exported about 120,291 tons of rice in first four months of calendar year 2014, up about 1.5% from about 118,504 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...