Economy and commerce

An NGO has plans to supply clean water to 60 rural provinces between 2013 and 2016 in an effort to increase access to water and meet the demand of their citizens. Chai Lo, the founder and country director of 1001 Fontaines, said at the opening of ...

Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...

Philip Hampden-Smith, general manager of Southeast Asia operations at Manulife, talks about the company’s entry into the Cambodian market and what the new few years might bring. Cambodia’s nascent life insurance industry may be just only a year old but the nation of nearly 15 million ...

If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...

What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...

Delegates attending a forum on investment and cooperation for the Mekong sub region, held in the central highland province of Dak Lak on November 9, all agreed that Vietnam, Laos and Cambodia need to work on common preferential policies to attract lucrative investments for the ...

The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...

Cambodia’s garment exports rose 9.9% to $3.44bn in the first nine months of this year, up from $ 3.13bn a year ago, according to the latest figures from the Cambodian Ministry of Commerce. ...

Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...

US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...

Phnom Penh municipal officials Nov. 8, 2012 dismissed the complaints of more than 60 families about a Russei Keo district ice factory’s levels of noise and bad fumes. Following their inspection of the Om Rith factory, a manufacturer of Super Ice, officials from Phnom Penh’s Department ...

Life insurance company Manulife has compensated its first client since it began operations in Cambodia in June this year, a company official said. Robert J Elliott, CEO and general manager, told the Post yesterday that Manulife disbursed its first claim to the beneficiaries of its client, ...

Anti-eviction protesters set up camp in front of the U.S. Embassy in Phnom Penh for a second day yesterday, but ended their protest in the early evening when a petition to U.S. President Barack Obama was taken into the diplomatic mission by an embassy guard. “The ...

A U.S.-Korean joint venture is in talks with the government to build a helicopter manufacturing plant and a training facility for helicopter pilots and mechanics, an aviation official and a company representative said this week. Richard Pak, a representative of South Korean firm Samik Bio Energy ...

A company owned by a board member of the Cambodian Chamber of Commerce has been accused of illegally destroying more than 80 houses in Kampot province’s Chhouk district, a claim vigorously denied by the firm and local authorities. Chan Pheng, a villager from Chi Bak village ...

Cambodia collected $633 million in taxes over the first 10 months of this year, a 31 per cent rise from $483 million over the same period last year, according to the General Department of Taxation. However, an opposition watchdog claimed the amount is still far ...

Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...

For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and ...

Approximately $11 million will be invested in the 14-storey Silvertown Serviced Apartments in BKK1, according to the president of agents Knight Frank last week. Sunny YL Soo, the managing director of Knight Frank in Cambodia, said that the demand for leased apartments in Cambodia is rising ...

Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

The value of deposits with Cambodia’s 31 microfinance institutions grew more than 96 per cent in the first nine months of the year compared to last year, a rise industry experts say is due to the political stability and economic growth of the Kingdom. Official data ...

Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...

The Australian Federal Police (AFP) have closed an investigation into suspicious payments to officials in Cambodia by the world’s largest mining company BHP Billiton, according to a report released by the Organization for Economic Cooperation and Development (OECD). Although the report, released last month, does not ...