Economy and commerce

Since being designated for development by the municipal government in 2006, Koh Pich has been abuzz with activity. Now covered in the widest, least-congested roads in central Phnom Penh, this island is filling up quickly with residential, retail and hospitality projects aimed at affluent locals ...

Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...

German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...

The kingdom’s General Department of Taxation had collected 881 million U.S. dollars of taxes in 2013, up 19 percent from 740 million U.S. dollars in a year earlier, a press release said Thursday. ...

Construction on Times Centre’s three skyscrapers near Olympic Stadium will commence early this year, but little is known about several key aspects of the project, including the company behind the project. The Times Centre project, which will incorporate retail and office space with 1,000 condominium ...

As garment workers continued to return to their factories Wednesday after several days of strikes that turned deadly last week, some of their employers have wasted no time in suing the unions behind the strikes, demanding compensation. Phnom Penh Municipal Court chief clerk Prak Savouth said ...

Cambodia is considering the development of an expressway network to meet the need for the country’s growing economy, Minister of Public Works and Transport Tram Iv Tek said here Wednesday. The minister said many Asian countries, including neighboring Vietnam and Thailand, have formulated their national ...

Cambodia had exported some 379, 000 tonnes of milled rice last year, up 84 percent from 205,700 tonnes recorded in 2012, government data showed Saturday. Some 84 companies have exported rice to 66 countries and regions around the world, the data said, adding that France, Poland, ...

Vietnamese business owners and managers in Phnom Penh on Tuesday said they were concerned their shops could become potential targets of ethnically motivated violence as anti-Vietnamese sentiment among protesters increases, but added they would continue to operate as normal—for now. In recent weeks, there has ...

Vietnamese Prime Minister Nguyen Tan Dung will pay a working visit to Cambodia from Jan. 12 to 14, announced Vietnam’s Ministry of Foreign Affairs on Wednesday. ...

Unions behind last week’s garment factory strikes said their members had largely gone back to work this week, although they have not ruled out resuming protests for a higher minimum wage later this month. Tens of thousands of workers went on strike starting on December 24 ...

Cambodia’s garment and shoe industry has lost roughly 275 million U.S. dollars due to outlawed garment strikes in the past two weeks, Van Sou Ieng, President of the Garment Manufacturers Association in Cambodia (GMAC), said Monday. The garment and shoe industry comprise more than 900 ...

Cambodia imported 1.4 million tonnes of petroleum in the first eleven months of 2013, down 2 percent from the 1.43 million tonnes a year earlier, the data of the Commerce Ministry showed Sunday. During the January-November period, the country spent about 1. 34 billion U.S. dollars ...

A senior member of the Garment Manufacturer’s Association in Cambodia (GMAC) on Sunday endorsed the use of deadly force by military police against striking garment workers, which left five dead and more than 20 with gunshot wounds. “GMAC condemns the use of violence, period,” he ...

On most Sundays, the wide boulevard separating two rows of some 40 mustard-coloured factories in the Canadia Industrial Park is teeming with people. Garment workers who live on the premises stroll or bicycle along the road, stopping to eat at the same restaurants, patronizing the same ...

About 100 former residents of the Borei Keila community on Friday morning marked their violent eviction two years ago by authorities from their former neighborhood and demanded that their homes be rebuilt. “We are the families of Borei Keila, and with this ceremony we mark the ...

The Cambodian Ministry of Interior on Saturday called for the people to stay calm as all forms of demonstrations were prohibited so as to restore social security and public order after a deadly clash on Friday. “The ministry urges all the people to keep calm and ...

Cambodian Ministry of Labor said Friday that outlawed strikes have frightened employers and worsened investment climate in the country. “The ministry calls for the (opposition) Cambodia National Rescue Party and six trade unions to immediately stop inciting workers to commit violence, road blockade, and destruction of ...

The United States on Friday appealed for peaceful dialogue and denounced violence in Cambodia after police opened fire on protesting garment workers, killing three people. “The United States deeply regrets the recent loss of life in Cambodia during violent clashes between protesters and government security forces,” ...

The Garment Manufacturers Association in Cambodia (GMAC) said Thursday most of its 559 factories would continue to be closed due to security concerns after six pro-opposition trade unions led striking workers to destroy factories’ properties and forced workers to join their protests. “Because of the current ...

A weeklong strike by Cambodian garment workers turned deadly Friday as police shot and killed at least four people and wounded several others in an attempt to break up a protest for higher wages. The violence came after weeks of escalating political and labor unrest marked ...

Chinese State Councilor Yang Jiechi and Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong on Thursday co-chaired the first meeting of China-Cambodia Intergovernmental Coordination Committee in Beijing. During the meeting, the two sides achieved broad consensus on enhancing comprehensive strategic partnership of cooperation, said a ...

Cambodia’s fish output rose 10 per cent in 2013 from a year earlier, according to figures from the Ministry of Agriculture, Forestry and Fisheries. Production reached 730,000 tonnes last year, Nao Thouk, director of the ministry’s fishery department, said yesterday. There were 550,000 tonnes of fresh ...

Rice exports increased from 205,717 tons in 2012 to 378,856 tons in 2013 as a result of high demand from the European Union as well as countries in Asia, according to figures released Thursday by the Ministry of Agriculture. France imported the most Cambodian milled rice, ...