Economy and commerce

Villagers in Kampong Khlaing commune in Siem Reap province’s Sotr Nikum district have halted Kamlearnh fish paste production due to lagging demand, according to the industry’s representative body. Proum Hong, president of Kampong Khlaing Fish Paste Producers Association (KKFPPA), said the inflated price of the product, ...

The Ministry of Economy and Finance (MoEF) will scrap customs fees for rice exporters from May 1 in an effort to reduce production costs and boost Cambodia’s competitiveness in the sector, according to a letter obtained by the Post. “[The ministry] has agreed to eliminate charges ...

Mu Sochua, a lawmaker-elect for the opposition CNRP, announced Thursday that she will on Sunday morning resume her campaign to enter Phnom Penh’s Freedom Park. Last month, Ms. Sochua appeared at the park alone for four straight days—each day being physically barred by authorities—in an effort ...

The Sichuan-Cambodia Business Matching Session 2014 was held here Thursday with an aim to further promote economic and trade relations between Cambodia and China. The half-day forum brought together business executives from 51 enterprises in Southwest China’s Sichuan Province and some 120 Cambodian business people. ...

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, reported a 13 percent rise in cargo shipments in the first three months of this year, a port’s data showed Thursday. Some 862,380 tons of goods had been transported through the port during the January-March period this year, ...

Along Phnom Penh’s industry-heavy Veng Sreng Street on Wednesday, garment factories lay idle in observance of Khmer New Year. The dorms around them were empty, save for the few workers who could not afford the bus ticket home for the holiday, which ended Wednesday. Eight unions ...

Security guards at the center of a yearlong land dispute between families in Phnom Penh’s Boeng Kak community and the Khun Sear Import Export Company on Wednesday accused the families of attacking them during a late-night Khmer New Year drinking party. Nuon Sokhannara, one of the ...

Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ...

The ruling Cambodian People’s Party (CPP) has issued nine points of its policies for upcoming local council Election which will be held on May 18, 2014. According a statement issued on Saturday, the policies included a promise to increase the monthly salary to 1,000,000 riel or ...

Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...

Business International Monitor said Thursday that Cambodia, Laos and Myanmar were expected to outperform their regional peers in terms of real economic growth in the longer term. In a statement, the London-based firm said the three countries would offer ” substantial opportunities for investors over the coming decade, ...

The Garment Manufacturers Association in Cambodia (GMAC) warned garment workers on Thursday that they risk losing their jobs if they extend their Khmer New Year vacation by joining a stay-at-home strike. Aiming to avoid police suppression of street protests for a higher garment sector minimum wage, ...

The Zongtex Garment factory off Phnom Penh’s Russian Boulevard looks like a nondescript residential compound, hidden down a dead-end road. There are no signs suggesting that it supplied to some of the world’s leading high street names – and the US military. Taiwanese-owned Zongtex Garment Manufacturing ...

Members of an ethnic minority in Koh Kong province’s Areng Valley stood watch Thursday to block a road leading to the site of a proposed dam after they heard that Chinese workers would inspect the site, community representatives said. Villagers believe that the Chinese company Sinohydro ...

Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...

Eight families involved in a land dispute in Kompong Chhnang province with Chea Kheng, the wife of Mines and Energy Minister Suy Sem, on Wednesday walked away from a meeting that was set up at their local district administrative office to resolve the dispute, an ...

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

Phnom Penh has earned one of the top spots in a new report tracking prices of residential and commercial real estate across the region. The Knight Frank Asia Pacific Prime Asia Development Land Index, which the global real estate consultancy has hailed as a market first, ...

The scale of mass logging in once-dense woodlands in Cambodia’s north now more closely resembles the free-for-all of a gold rush than the sustainable forestry more often associated with these communities. With the financial backing of powerful businessmen, villagers in three districts of Preah Vihear are ...

A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...

The International Monetary Fund is projecting further modest acceleration in Cambodia’s rate of economic  expansion over the next five years. In the latest World Economic Outlook released Tuesday, the IMF projects that Cambodia’s gross domestic product will grow from an estimated 7.0 percent last year to ...

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Cambodian and Indian senior diplomats on Wednesday discussed ways to strengthen and expand bilateral relations and cooperation for mutual benefits of the two countries and peoples. The talk was made between Cambodian deputy Prime Minister and Foreign Minister Hor Namhong and Indian Ministry of External Affairs ...

About a dozen Tuol Kok district security guards in Phnom Penh on Tuesday blocked three families involved in a long-running land dispute from building a fence around the disputed property in Boeng Kak I commune, an official said. Deputy district governor Saing Sopheak Vichet said the ...