Economy and commerce

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...

Cambodia’s growing economy and hunger for new brands, particularly among young people, contribute to making Cambodia a profitable market for the franchise business, industry insiders said at the Franchising Forum in Phnom Penh last week. [Rami Sharaf, CEO of RMA Group in Cambodia] said Cambodia is ...

Flower prices soared considerably due to the official mourning period of Cambodia’s former king, Norodom Sihanouk, according to vendors. Crowds of people set upon flower shops at different markets in Phnom Penh, where tens of thousands of mourners participated in paying their respects to the former ...

THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...

On top of impressive growth, the Royal Government is opening the country to international investment As for mining: the country is now open for international business. The stable, democratic government passed anti-corruption laws in 2011 and has dedicated itself to working with private business The most active ...

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

The Royal Government of Cambodia has deposited their instrument of ratification to the Association of Southeast Asian Nations (Asean) Framework Agreement on visa exemption for Asean nationals last week with Surin Pitsuwan, secretary-general of Asean, in accordance with the Article 8 of the agreement The agreement ...

Every day, thousands of people drive past a big electronic billboard showing market data from the Cambodia Securities Exchange (CSX), the first securities market in the Kingdom’s history. While waiting for the traffic light, those Cambodians who are interested can get a glimpse of the ...

Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast ...

A lot of Japanese companies have been making inquiries about investing in Cambodia. And a good number of them are companies who are considering relocating from China. This was revealed by Phnom Penh Special Economic Zone manager Hiroshi Uematsu in the Japanese newspaper Asahi Shimbun. Recent ...

At the Cambodian Rice Forum 2012, Agriculture Minister Chan Sarun said that if the Kingdom wants to reach the government’s goal of exporting 1 million tons of rice annually by 2015, rice mills need to join forces and work closely together. Such an association [of rice ...

For political economist Sophal Ear, this view is more nuanced. In his book ‘Aid Dependence in Cambodia: How Foreign Assistance Undermined Democracy‘, published by the Columbia University Press (2012), years of dependency are not showing positive results in the rehabilitation of Cambodia, its democracy and war ...

Cambodian aviation continues its ascent with the Oct. 1 launch of Singaporean low-cost carrier Tiger Airway’s daily direct service to Phnom Penh, ongoing airport expansions and the announcement of several new airport projects. Currently, there are more than 20 international airlines offering service to Cambodia for a ...

Bunker supplier Go4 Bunker Denmark’s new Cambodian bunker venture, Go4 Bunker (Cambodia) Co., Ltd (Go4BC), has said that Cambodia has an annual bunker sales potential of 720,000 metric tonnes (mt). The comments came during the firm’s official opening ceremony at Hotel Cambodiana in Phnom Penh, which ...

H&M Hennes & Mauritz’s head of sustainability Helena Helmersson was in Cambodia last week to meet with ILO/Better Works Cambodia on how to improve working conditions in export garment factories. Helmersson said in a blog post that the lack of dialogue between workers and factory management ...

A busty woman with a scratchy voice shrieks into an intricate set up of radios, microphones and walkie-talkies, her tone not unlike that of a breathless Flemington race-caller. The woman is in continuous contact with up to 100 men peppered over rice fields fringing Battambang, analyzing the ...

Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...

Cambodia lacks the resources for implementing intellectual property rights, while relevant officers lack skills to monitor the import of counterfeit products, according to an official. Var Roth San, Head of the Secretariat of National Committee for Intellectual Property Rights (NCIPR) and Director of  the Department of  ...

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...

While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...

Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...

Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...

The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...