Economy and commerce

The director-general of Tele­com Cambodia, one of the country’s most highly regarded state-owned enterprises and a candidate for listing on the stock exchange, has left his post amid an investigation into corruption allegations, the minister of posts and telecommunications said on Thursday. Despite the staff’s ...

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...

PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...

A pair of cigarette brands distributed by two of the Kingdom’s most prominent businessmen are being smuggled from Cambodia to Vietnam at an estimated rate of more than 300 million packs a year, contributing to tobacco manufacturer losses of nearly $200 million annually, according to ...

Young Cambodians must develop diverse workplace skills if they are to compete in an integrated Asean, a leading economist and adviser to the government says. “We have to make sure we are able to do multiple things if others are able to do just one,” the ...

Malaysia-based Hong Leong Bank, a subsidiary of Hong Leong Financial Group Berhad, is planning to open a branch in Cambodia sometime this year, which would make it the fourth Malaysian bank and the 33rd commercial bank in Cambodia’s crowded banking industry. Ngoun Sokha, director general of the ...

The number of people arrested over land disputes jumped 144 percent from a year earlier to 232 in 2012, the Cambodian Human Rights and Development Association (Adhoc) said Thursday. Speaking at a news conference, he [Adhoc president Thun Saray] said Adhoc last year received 70 ...

Nean Narin, a humble man and father of three children, says his family is going hungry. Narin lives in the village of Boeung Kak, situated on the edge of Cambodia’s capital, Phnom Penh. For years, he and other villagers relied on the Boeung Kak Lake ...

More than 300 activists from Kampong Thom province’s Prey Lang Community Network were stopped by district police yesterday as they were marching from the Vietnamese-owned CRCK Company to deliver a lawsuit in Sandan district calling for the postponement of alleged forest clearing and the “invasion” ...

Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...

Almost 85,000 visitors traveled to Kampot over the first three days of the Lunar New Year. The 84,917 visitors included 1,252 foreigners with the Bokor Mountain resort alone attracting 67,548 visitors including 1,004 foreigners, [a tourism official] said. ...

Thai-based movie theatre company Major Cineplex said it will build “a high-end lifestyle and entertainment complex” at the Aeon mall in Phnom Penh, hoping to capture Cambodia’s youth market in what it believes is a stable business environment for its entertainment products. While it sees prospects in ...

The number of domestic and foreign tourists visiting Siem Reap’s ancient Angkor Wat temple and the Kingdom’s coastal areas increased sharply during this year’s three-day Lunar New Year. Data from the Siem Reap provincial tourism department show that 52,909 tourists visited Siem Reap during Lunar ...

More than 200 employees of Telecom Cambodia demonstrated yesterday morning, demanding the company’s general director step down and that the Anti-Corruption Unit investigate the company. The strikers claimed general director Lao Saroeun had been involved in large-scale embezzlement, other forms of corruption and disrespect ...

Cambodia’s Ministry of Industry, Mines and Energy on Thursday launched a four year project, aiming at promoting the development of biomass-fueled renewable energy generation technologies in industrial sector, officials said. The 5.6 million US dollar project will provide technical and partial financial support for the ...

The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...

As the cashew-harvesting season in Cambodia’s northeastern provinces begins, farmers are expecting a good crop due to favorable weather conditions last year, an official said yesterday. ...

Workers from at least six more factories in Bavet town’s Manhattan and Tay Seng Special Economic Zones joined about 5,000 workers who had been on strike since yesterday for a minimum wage increase and better working conditions. Va Sarorn, director of the Svay Rieng ...

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about ...

More than 60 families living in Preah Vihear province filed a complaint with rights group Ahdoc yesterday after officials announced that their land had been set aside for a new airport and would not be measured for private land titles, local officials said. Adhoc Preah ...

Asia Forestry Management, an integrated plantation-management company with a focus on cultivating Aquilaria crassna, aims to become Thailand’s biggest producer of oud oil this year and Southeast Asia’s in five years. The company’s plant in Trat province will be expanded to produce 280 kilograms of ...

For four years now, this mineral-flecked land deep inside the Prey Lang forest has drawn thousands of small-scale seasonal miners. There are perks to working the dry season: space is one, avoiding the unofficial “taxation” system is another. For years, development agencies have urged a sweeping ...

Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. Government officials and representatives of the private sector ...