Economy and commerce

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...

Phnom Penh officials met on Thursday with representatives from a Thai company proposing to build an underground parking lot and market adjacent to Daun Penh district’s Phsar Chas. Deputy municipal governor Chreang Sophann said the proposal by the company, Trade International, was under consideration. ...

Japanese Foreign Minister Fumio Kishida arrived in Phnom Penh, the capital of Cambodia, on Sunday evening for a three-day official visit and will sign to provide more than 143 million U.S. dollars to Cambodia. ...

Representatives of fishing communities say illegal operations are critically threatening the nation’s fisheries. Corruption and collusion between authorities and illegal fishermen are at the root of the problem, they say. More than 100 representatives from these communities met in Phnom Penh Friday, in an effort to find ...

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...

Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...

Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic gaming machines, and prohibits any use of the Dreamworld ...

A packaging factory is back in business, opening its doors after about 200 former employees stopped blocking shipments, which they had been doing since Saturday. Factory management at Harta Packaging Industries acquiesced to a negotiation session with the group, which has been protesting against the company ...

As Cambodian migrant workers return in droves from Thailand through the casino-laden border town of Poipet, Prime Minister Hun Sen is warning gambling parlour owners this does not mean a jackpot for them. “Casinos in Phnom Penh and along the border are not for Khmer citizens,” ...

They’re still massively undeveloped compared to their Thai neighbors, but Cambodia’s islands are starting to get the attention they deserve. Whether you’re looking for an all-night party or an underwater adventure among pristine coral reefs, Cambodia’s got an island for all types and all budgets. Not ...

Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...

On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...

CBRE Cambodia’s latest MarketView report sees strong growth in tourist arrivals resulting in growth in hotel occupancy rates and durations of stay. Quoting Ministry of Tourism statistics, CBRE said Cambodian tourism sector continued to enjoy steady growth over the course of 2013, with the number of ...

A garment factory will prolong its monthlong closure until at least July 9, when the Arbitration Council Foundation rules on a case brought by its workers. ...

Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...

Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...

Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...

A top court in Thailand agreed on Tuesday to hear a lawsuit brought by villagers against the country’s decision to purchase power from the planned Xayaburi mega dam in neighboring Laos, which green groups say could threaten the region’s environment and food security. Overruling a lower ...

With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia’s rice producers fear that any spillover into the global rice trade may impact local exports. David Van, acting secretary-general of a newly established Cambodia Rice Federation, said ...

Twenty representatives of workers locked in a monthlong dispute with management at the Ocean Garment factory appeared before the Arbitration Council yesterday, a union official said. A spokesman from the Arbitration Council yesterday told the Post that such cases are typically sorted out within 15 working days. ...

The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...

It’s no secret. Weddings in Cambodia are big, colourful and extravagant affairs. Guests drink and eat to their heart’s content, music draws revellers onto the dance floor and the party lasts for hours. But guests aren’t the only people having fun. Rising affluence paired with a ...

Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector. Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows ...

The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...