Economy and commerce

Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...

As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...

Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...

More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...

A new book by a Cambodian-born author, due to be published this month, is set to bring the debate over Cambodia’s dependence on foreign aid into the spotlight. Since 1992, Cambodia has received more assistance for its development than almost any other country on the planet. ...

Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...

The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...

Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...

The second phase of Sen Sok Town, located in Sangkat Phnom Penh Thmai Khan Sen Sok, is slated to start shortly, after it has finished about 70 per cent of its first project. The two projects are worth about US$35 million. The company plans to start the ...

Villagers accused of incitement in a long-running land dispute with a company owned by the wife of a government minister did not show up for scheduled questioning yesterday at the Kompong Chhnang Provincial Court, officials said. On September 17, KDC Development company, owned by Chea Kheng, the wife of Minister of Industry, ...

Cambodia’s inflation rose by 2.2 per cent in August compared to the same month last year, according to the monthly data from the National Institute of Statistics. The increase was due to the rise in food and the fluctuation of gasoline prices. Government officials and economists said the ...

In an effort to promote rice exports among Cambodian farmers, government officials said on Tuesday they will register the type of rice seed set for export and the rice seed produced for the national market. Cham Prasidh, Minister of Commerce, said on the closing of the ...

A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...

The number of strikes in Cambodia’s garment industry could be set to dip and workers could be on their way to free lunches after both sides of the industry signed a two-year memorandum of understanding (MoU) yesterday. The MoU – inked by the Garment Manufacturers Association (GMAC) in ...

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

visiting Prima Vitlay, vice minister of industry of Belarus today met with deputy prime minister and finance minister of Cambodia, Keat Chhon, here to expand cooperation and trade ties between two countries. Prima told finance minister: “his country schedules to open a tractor factory in Cambodia ...

Nagaworld Hotel was the venue for Monday night’s occasion, exactly 20 years after the very first Silk Air flight into Phnom Penh on October 1, 1992. The event came on the same evening as the launch of Tiger Airways’ service between Phnom Penh and Singapore ...

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port has increased 15.24 percent through the first nine months of this year, compared to the same period last year, a port official said yesterday. Hei Bavy, general director of the Phnom Penh Autonomous Port, ...

Cambodia is being considered as a site for halal food production and rice milling by the United Arab Emirates, according to the UAE’s Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi yesterday. Speaking during an official meeting with Prime Minister Hun Sen at the Peace ...