Economy and commerce

The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...

Police and court officials yesterday questioned, charged and imprisoned elderly woman involved in the long-running land dispute at the Borei Keila community in Phnom Penh, a day after an anti-eviction protester from Boeng Kak community met a similar fate. In both cases, police and court officials ...

A new report – 10 Years of the Better Factories Cambodia Project: A critical evaluation – has been released by Clean Clothes Campaign and Community Legal Education Center. Started in 2001, the goal of the Better Factories program is to improve the working conditions in ...

One of the biggest challenges to protecting Cambodian migrant workers is the sheer distance between their homeland and the countries they are working in, Ministry of Labour officials said yesterday. A pattern has emerged in which brokers lure more and more Cambodians away from traditional border-country ...

Cambodia needs to ensure fair treatment of both domestic and foreign investors if it wants to attract more foreign investors, accordsing to US Trade Representative Ron Kirk. Kirk presented the idea during a press conference last week in Siem Reap durig the ASEAN-US Business Summit by ...

Private companies and state enterprises are expected to raise large amounts of funds via the stock exchanges in Thailand, Laos and Cambodia over the next several years. More private firms will list on the Cambodian and Laotian bourses next year, their executives told media yesterday at ...

Almost 100 members of the sales and service staff of mobile phone provider Hellopoint are awaiting a meeting with the Ministry of Labour after submitting a complaint last month claiming that a policy introduced in July amounted to a breach of their employment contracts. According to ...

Contractors hired by Cambodian land brokers bulldozed through four hectares of villagers’ crops in Poipet town on Monday, breaching a truce contract that protected the villagers’ land until January 1 next year. According to the contract, the families residing on land claimed by 11 independent Cambodian ...

A breached flood protection dyke near Prey Ven city that, had it burst during the disastrous 2011 flooding, would have added a further 30,000 to the almost 52,000 households evacuated, is one project nearing completion in Cambodia’s Flood Damage Emergency Reconstruction Project. But the Asian Development ...

The government has granted contracts to three unnamed private companies to invest in dredging operations along parts of the , but is withholding the companies’ names and information on the specific areas for the large-scale projects. Lim Kean Hor, the Minister of Water Resources and Meteorology, told ...

Unions and labour groups fear a solitary sick day could cost garment workers their entire month’s attendance bonuses – about 15 per cent of their base wage – under a new scheme meant to make life easier. The Kingdom’s 600,000 garment and footwear workers will receive ...

The government earned just over $25 million in rental fees from state land leased to private companies in the first six months of the year, according to new figures from the Ministry of Economy and Finance. While the data shows that earning have risen, critics say ...

As mining companies continue to scour Cambodia for minerals, work is also under way to build a network of local monitors and activists to shed light on the country’s often-opaque mining sector and its practices. {T]he Ministry of Industry, Mines and Energy has granted an unknown ...

Cambodia’s needs and how they overlap with the UK’s strengths are an important issue in trade and investment relations between the two countries, according to British Ambassador Mark Gooding during a presentation to the Cambodian Chamber of Commerce (CCC) yesterday. Bilateral trade is mainly driven by ...

A okyo-based human rights group has called on the government to cease forced evictions and branded the use of armed forces against ordinary citizens defending their land as an :unforgivable human rights violation.” Human Rights Now (HRN), which in June sent a team of Japanese investigators ...

Prime Minister Hun Sen returned home yesterday from a quick trip to Beijing with the promise of some $523 million in new loans and grants, one day after Chinese Prime Minister Wen Jabao praised Cambodia for helping China maintain “friendly relations” with Asean. Speaking with ...

Despite the establishment of the Cambodian Clean Water Supplier Association last week, the clean water sector still lacks sufficient investment to connect rural Cambodia. There is very little clean water in Cambodia and accelerating its supply requires the government, private sector and other development partners ...

Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...

Prime Minister Hun Sen has returned home from his trip to China a wealthier leader having secured upwards of US$2.5 billion in Chinese investment and loans over the next year alone, officials from the Ministry of Foreign Affairs said yesterday. The package includes a $2 billion ...

China has pledged more than $500 million in soft loans and grants to Cambodia and Prime Minister Wen Jiabao thanked it for helping Beijing maintain good relations with the regional grouping ASEAN, a Cambodian junior minister said. A summit of the 10 members of the Association ...

As business opportunities open wider ahead of the launch of the Asean Economic Community (AEC) in 2015, the four less-developed economies, often referred to as CLMV (Cambodia, Laos, Myanmar and Vietnam) are among the most attractive for Thai investors The disparity between CLMV and the three ...

It was not her degree in finance and banking that encouraged Keo Sopheap to start her own business. It was her sister’s marriage to an American that introduced her to foreign fast food. Now Sopheap owns a sandwich shop in Phnom Penh. Sopheap, a Norton ...

ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015. Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting ...

The National Bank of Cambodia (NBC) will soon begin a national payment system that will allow the clearance of checks at all banks within a day, as well as facilitate intra-bank electronic payments, Nguon Sokha, director general of the NBC, said yesterday. Through the establishment of the national ...