Economy and commerce

Prime Minister Hun Sen said yesterday that the rapid growth of Phnom Penh’s population coupled with the rampant construction of new property projects means that there would always be a shortage of water and electricity in the capital. Speaking to a crowd of thousands who had ...

The parent company behind a firm constructing the Lower Sesan 2 dam in Stung Treng has repeatedly violated Chinese law by building “massive” power projects without prior approval, China’s national auditor has found. State-owned China Huaneng Group, of which Lower Sesan 2 partner Hydrolancang International Energy ...

After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...

Cambodian Prime Minister Hun Sen on Tuesday inaugurated a new water treatment plant in eastern part of capital Phnom Penh, saying that the plant would meet the rising demand of clean water in the city. The 90 million U.S. dollar plant was invested by the listed ...

Cambodian Free Trade Union of Workers (FTU) warned Tuesday to stage a protest if the authority does not release its eight members who were arrested by police on Monday during a demonstration at a Taiwanese-owned garment factory, a union leader said. FTU’s president Chea Mony ...

Oddar Meanchey province deputy governor Lon An yesterday confirmed CPP Senator Ly Yong Phat’s involvement in a trio of sugar cane plantations that rights groups took to the National Human rights Commission of Thailand last week, but denied their allegations of rights abuses. The deputy ...

Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...

Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...

When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and  lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...

Japanese retail company MUJI announced the development of an eco-friendly natural dyeing plant in Cambodia, a press release on Sunday said. The plan is part of the Business Call to Action, a global initiative supported by several international organisations and hosted by the UN Development Programme ...

Cambodia Angkor Air will launch routes to China and the South Korean city of Seoul by August while it eyes additional destinations to Singapore and Malaysia, according to a senior official with the country’s national carrier. “Singapore is a hub for Asia, so we have ...

About 200 people from Thailand, Vietnam and Cambodia affected by hydropower dam projects on the Mekong River and its tributaries gathered in Phnom Penh yesterday to share their experiences of how their lives have been adversely affected since the dams were constructed. Speaking at the ...

Logging baron Try Pheap’s MDS Import Export Co, Ltd has been granted a licence to collect and process the controversial plant known as yellow vine around the Stung Atay hydropower dam in the Cardamom Mountains, according to documents received by the Post yesterday. The vine has ...

The National Anti-Corruption Commission (NACC) will consider claims of corruption in the government’s rice-pledging scheme made during a recent parliamentary session, a senior official from the agency said. However, it remains unclear when the NACC will conclude its ongoing probe. During screening of the 2014 ...

Cambodian police clashed Monday with workers at a factory that makes clothing for the U.S. sportswear company Nike, arresting seven, in the latest violence linked to a strike over salaries, union organizers and rights activists said. The protest at the Taiwanese-owned Sabrina (Cambodia) Garment Manufacturing plant ...

Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...

An agreement was signed between Cambodia’s Constructors Association (CCA) and the Ministry of Land Management, Urban Planning and Construction two days ago, to tighten enforcement on construction companies here in making them meet industry standards. The ministry’s head, Im Chhun Lim, said that Cambodia’s construction and ...

Asia’s largest sugar company has been accused of torching hundreds of homes, orchestrating the imprisonment of a pregnant activist and using security forces to beat villagers – among a raft of other grave human rights abuses – by communities in Oddar Meanchey province. The allegations levelled ...

A national silk board (NSB) under the Ministry of Commerce is being planned to weave tighter regulations into the Kingdom’s silk industry, the lack of which has deterred investors and hurt its export potential, according to industry representatives. Minister of Commerce Cham Prasidh said last week ...

Garment factories run the risk of having their cargo confiscated by U.S. customs authorities if they continue using pirated computer software in their administrative operations, and may be prosecuted under a law that requires all manufacturers to use licensed digital software, according to a local ...

In a $1.3 million investment, a new Japanese restaurant opened in the Phnom Penh Special Economic Zone (PPSEZ) last week amid the large presence of Japanese companies in the area. The 1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the culture of Japanese food, and provide ...

Government officials have suggested the widow of the man crushed to death last month at the Wing Star Shoes factory, a supplier to Asics, will still be denied compensation from the National Social Security Fund (NSSF), a labour rights worker said yesterday. American Center for International ...

Salaries which start at S$420 (RM1,020.76), and no placement fees from employers. These proposals were part of a document the Cambodian government sent to selected maid agents, as Singapore moves ahead with a pilot scheme to see how well Cambodian maids adapt to life here. The ...

Canadian miner Angkor Gold has found “visible gold in the soil samples” in the Otray prospect in Ratanakkiri province, which hints at possibly larger reserves, said CEO and chairman Mike Weeks in a press release published on Wednesday. ...