Economy and commerce

The Ministry of Mines and Energy invited the head of an NGO battling to stop construction of a highly criticized dam in a remote area of Koh Kong province to meet with ministry officials Friday. Signed by Mines Minister Suy Sem and dated April 25, the ...

Cargo volumes at Cambodia’s two largest ports increased steadily during the first three months of the year, signalling stability in the Kingdom’s economy, port officials say. Data from Sihanoukville Autonomous Port (SAP), Cambodia’s largest shipping dock, showed more than 860,000 20-foot-long shipping containers passed through the ...

Revenue among insurance firms increased 14 percent in the first quarter compared with the same period last year, according to figures released Tuesday by the Insurance Association of Cambodia (IAC). From January to March, insurance premiums generated $13.86 million compared to $12.15 million the year before, ...

Pen Siman, the general director of the Ministry of Finance’s general department of customs and excise, will retire in October, according to a royal decree signed by King Norodom Sihamoni and reprinted Wednesday in local media. Dated April 3, the royal decree instructs Prime Minister Hun ...

Cambodian authorities on Wednesday refused permission for the 18 opposition-aligned trade unions and associations to celebrate an International Labor Day event on May 1 at the capital’s Freedom Park. “The Phnom Penh Municipality does not allow the trade unions and associations to organize this event at ...

BAVET CITY, Svay Rieng province – The government has ordered all factories here to shut down until Thursday at the earliest in a bid to keep escalating strikes from spiraling out of control and spreading nationwide. “[Provincial] Governor Chieng Am said in a meeting yesterday [Monday] ...

A new auto-mechanics training school at the National Polytechnic Institute of Cambodia (NPI) that aims to train select Cambodian youth and support a shortage in the labour market officially commenced construction yesterday. In partnership with the Ministry of Labour, joint sponsors the Korean International Cooperation Agency ...

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...

About 200 villagers blocked National Road 5 in Kandal province’s Ponhea Leu district for about two hours Tuesday, lighting fires with wood and tires and causing a large traffic jam as they called for authorities to intervene in their ongoing land dispute with the Phanimex ...

Chea Mony, president of the opposition-aligned Free Trade Union (FTU), said Tuesday that his union, one of the largest in the country, will not be joining other labor groups planning to rally on International Workers’ Day because he has been sick and traveling in the ...

About 30 villagers in Phnom Penh’s Meanchey district staged a protest Tuesday morning against tycoon Sok Kong, whom they accuse of piping dredged sand into their farmland and fishing ponds. Fourteen families occupying 21 hectares of land in Prek Pra commune have been locked in a ...

Construction on Cambodia’s $2.3 billion oil refinery has been set back again, this time due to planning delays, the project’s local partner, Cambodia Petrochemical Company (CPC), confirmed yesterday. The landmark oil refinery was slated to begin construction in December 2013 following a $1.67 billion loan from ...

Cambodia’s Prime Minister Akka Moha Sena Padei Techo Hun Sen will officially open the country’s premier international investment conference in Phnom Penh later this year, according to the event’s organisers the International Business Chamber of Cambodia (IBC). The event, which will take place on October 6th ...

ANZ’s financing of ruling party senator Ly Yong Phat’s controversial sugar plantation has come under fire once again, this time in an investigation by NGO Oxfam into Australia’s big four banks and their links to rights abuses in developing countries. In a report titled “Banking on ...

All but four garment factories in Svay Rieng province were closed yesterday, as a strike of thousands of workers there continued into its second week, a labour union official said. The strike, estimated to involve about 20,000 people across the province’s Tai Seng and Manhattan special ...

The Japanese International Cooperation Agency (JICA) revealed its plans Monday for a Phnom Penh to Ho Chi Minh City expressway that will halve travel time between the two cities. At an estimated cost of $2.2 billion, the initial target date for completion of the expressway is ...

Five men in Koh Kong province could be prosecuted for stealing from a construction crew after the group allegedly seized tools in January, preventing the construction team from building fences in their village. Police summonsed the villagers from Kiri Sakor district’s Prek Khsach commune for questioning ...

The French Agency for Development (AFD) announced yesterday that it will provide $24 million to finance privately owned water and power providers to supply rural areas that state-run utilities cannot reach. During a ceremony held at the Ministry of Economy and Finance, the AFD and the ...

About 50 residents evicted from Phnom Penh’s Boeng Kak neighborhood in 2008 and 2009 to make way for a senator’s real estate project once again protested in front of City Hall Monday to demand better compensation. They are among some 3,000 families who were forced ...

The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...

Prime Minister Hun Sen will open Cambodia’s International Investment Conference in Phnom Penh later this year, the International Business Chamber of Cambodia (IBC) said in a statement yesterday. To be held over two days, the event will take place at the Intercontinental Hotel in Phnom Penh, ...

Cambodia will end customs fees for milled rice exports with effect from May 1, 2014, in order to reduce production costs and boost Cambodia’s competitiveness in the international market, according to local sources. ...

Sharp has scored its first international order for its transparent PV panels with a 27.5kW deal in Cambodia. The Osaka-based electronics group will provide 290 of its NA-B095AA see-through panels, as well as inverters and balance of plant (BOP) services, for a cafe in a shopping ...

Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...