Economy and commerce

Despite the depressed market conditions throughout Europe in 2013 Cambodia’s export to the EU skyrocketed. The country is well under way to take over Taiwan’s leading position in bike export to Europe. Between January and October 2013 Cambodia’s bike export showed a huge increase of no ...

Cambodia’s exports to the United States, the country’s biggest market, were valued at about $2.8 billion last year, a three per cent rise from $2.7 billion in 2012, according to fresh statistics from the US Department of Commerce. Ken Ratha, a spokesman for Cambodia’s Ministry of ...

Overall revenue from Cambodia’s booming tourism sector reached $2.5 billion last year, according to Tourism Minister Thong Khon. Khon said in an interview on Tuesday that the figure, which does not reflect the amount the state collected in taxes on the sector, marked a 15 per ...

Residents embroiled in a long-running land dispute in the Borei Keila area of Phnom Penh’s Prampi Makara district on Wednesday tore down three metal fences and occupied an unfinished apartment block at the site. The fences were felled with axes by irate residents, who took the ...

In late January, five of the 10 chickens owned by Leng Lal, a subsistence rice farmer in Kratie province, suddenly died. Although Mr. Lal, 40, said he knew the dead birds might be dangerous and he should burn and bury the carcasses, he instructed his 8-year-old ...

After the Court of Appeal denied bail to 21 jailed protesters on Tuesday, 16 labor unions and associations announced Wednesday that they will retaliate by calling a nationwide labor strike in the middle of March. The unions, which mainly represent workers in the garment industry, said ...

Last year, the United Nations called for culture to be given top priority in the post-2015 global development agenda, citing its importance to economic growth, social inclusion, equality, and sustainable development. It is difficult to quantify the impact culture has on a nation, particularly for a developing ...

The Government of Cambodia is making efforts at minimum wage reform, and it has set up a committee to study the minimum wage at garment manufacturing units as a way of continually working to increase it, Labour Minister Ith Sam Heng while unveiling the Ministry’s ...

The government on Monday agreed to a comprehensive solution for rural families who have lost their land to well-connected agricultural plantations exporting sugar to the European Union (E.U.) duty free and will meet again early next month to discuss details. The decision was made at a ...

The Labor Ministry on Tuesday defended its failure to act on the results of its own study, which in November found that the minimum livable wage for garment factory workers is between $157 and $177. In its annual report, the ministry listed its wage study, carried ...

Wing, a growing Cambodian mobile payment and money transfer company, had a better-than-expected 2013. In May, Wing’s CEO Anthony Perkins estimated that the company would reach transaction volumes totaling $1 billion by the end of the year, including domestic remittances, mobile phone top ups, bills and ...

Cambodia and Vietnam vowed on Tuesday to further strengthen and expand friendship and cooperation for the benefits of the two countries and peoples. Koy Kuong, spokesman for the Cambodian Ministry of Foreign Affairs, said the two ministers agreed to increase cooperation in economics, trade, investment, ...

Cambodian Prime Minister Hun Sen on Tuesday was optimistic about the country’s steadily growing trade with Vietnam and foresaw that the bilateral trade volume would definitely reach $5 billion by 2015. The two-way trade volume was valued at $3.5 billion last year, up 25 percent year-on-year. Speaking ...

Ministry of Commerce appealed to the Cambodian traders to join the upcoming Macau International Exhibition to promote their products and find business partners. The appeal was made following the Macau Trade and Investment Promotion Institute (IPIM), which announced that it would hold 2014 Macau International Environmental ...

More than a dozen ethnic minority communities from Cambodia’s northeast filed a complaint with the International Finance Corporation (IFC) on Monday, accusing it of breaking its own safeguard policies by investing in rubber plantations they say are stealing their land and illegally logging their forests. The ...

Cambodia’s largest hydropower plant to date, the Stung Russey Chrum, is operational. The 338-megawatt dam, located in Koh Kong’s Mondul Sima district forest, produced and transmitted electricity to Phnom Penh last month, according to its developer, China Huadian Corporation. “It is the biggest and best dam we ...

Sixteen unions threatened Monday to organize a nationwide strike if the 21 activists and protesters jailed following garment industry protests on January 2 and 3 are not released on bail Tuesday. The unions also called for charges against the 21 prisoners, 16 of whom began a ...

A dispute has erupted off the coast of Sihanoukville. On one side is the country’s aviation authority, backed by the local airport. On the other side are a couple of guys and a few flying boats. The State Secretariat of Civil Aviation (SSCA) said yesterday that ...

The Ministry of Labor and Vocational Training released its 2013 annual report Monday, trumpeting a list of nine achievements it had reached in line with its five-year plan for the fourth government mandate, which ended last year. Speaking to a crowd of about 100 officials ...

Despite the country remaining trapped in a tense political stalemate that shows no signs of abating, Prime Minister Hun Sen yesterday reiterated that the government would continue working as normal while the opposition’s boycott of parliament continues. “I will not talk about the political situation, as ...

Renaissance Minerals (ASX: RNS) should trade higher after revealing impressive follow-up drilling results from its Okvau gold project in Cambodia. Notable results included 6 metres at 9.49 grams per tonne gold from 9 metres, and 8 metres at 5.95 grams per tonne gold from 61 metres. These results ...

The progress in the project to build the Belarus tractor assembly plant in Cambodia was discussed in a meeting between Belarusian Ambassador to Russia Igor Petrishenko and Ambassador of the Kingdom of Cambodia to Russia Thay Vanna, BelTA learnt from the press service of the ...

Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...

Some of the hundreds of families losing land and community forest to Vietnamese-owned rubber plantations in Cambodia’s northeast will this week file a complaint with the International Finance Corporation (IFC) over the investment it has made in the plantations’ parent company. Eang Vuthy, executive director of ...