Economy and commerce

The number of licensed pawnshops in the country has surged since the government began registering them in 2010, leaving some pawnbrokers claiming revenue losses of 30 to 50 percent due to oversaturation in the market. Ly Seng Cheng, a pawnbroker at the Khlaing Rum Sev pawnshop ...

Large quantities of cheap green bean exports from Thailand are driving down prices of the product in Kompong Cham province by as much as 40 percent compared to the same period last year and forcing farmers to grow other crops, officials and farmers said yesterday. The ...

Her Excellency Dr Ing Kantha Phavi, minister of women’s affairs said: “Economic empowerment of women is a key strategy to promote gender equality and poverty alleviation and it is clearly articulated in specific targets under CMDG3 as one important goal among nine goals to be achieved by 2015.” Her announcement was made during the forum on ...

Working out of the back of her home in Russei Keo district, Sothearith Neou and a half dozen of her friends and family roast, caramelize and add herbs to gourmet peanuts from 7 a.m. until late at night—trying to fill a seemingly endless number of ...

U.S. Ambassador to Asean David Carden met with judges and Justice Ministry representatives from all 10 Asean countries in Phnom Penh yesterday to discuss the importance of fighting against corruption and upholding the rule of law for foreign investors. “Cambodia will prosper if outside investment comes ...

Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan. Va Sim Sorya, director general at the Ministry ...

WASHINGTON: US Secretary of State Hillary Clinton said Tuesday that she will take part in next month’s meeting of Southeast Asian nations and regional powers in Cambodia.

Clinton met in Washington with Cambodia’s foreign minister, Hor Namhong, as the developing nation prepares to host this year’s ...

There are a number of Cambodian families employed to be leech catchers in Sor Yeav commune of Kampong Thorn province The villager Sin Ro Kar of Steung Sen district became a leech catcher and a Chinese company bought leeches from his villagers. “We do not know the reason of buying leeches and we ...

More than 70 judges and judicial officials from ASEAN member states attended a US-supported ASEAN workshop in Phnom Penh yesterday to discuss legal and judicial cooperation, the protection of investors and the state of the rule of law in the region.   ...

Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector. Outstanding loans at the end of March hit US$4.6 billion, according ...

The U.N. has said it is concerned about deforestation in Oddar Meanchey province in an area where it has launched a carbon trading scheme and confirmed that it is working with the government in order to “rectify the situation.” In an email on Friday, the ...

“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And ...

Loans and deposits at Cambodia’s 31 commercial banks grew 35 percent and 25 percent respectively in the first quarter of the year, according to the National Bank of Cambodia ...

Arbitrators in Seoul have ruled that the company contracted to build the $240 million Gold Tower 42 project in Phnom Penh was in breach of contract after failing to raise funds to finish the project, which resulted in work stopping almost two years ago, a ...

A lawyer representing the three victims of the Feb. 20 shooting of workers at a special economic zone (SEZ) in Svay Rieng province has written to investigators asking to be allowed to participate in the case. Chin Lyda, a lawyer for human rights group Licadho who is representing the three ...

Police in Phnom Penh yesterday afternoon began rounding up homeless people as part of the city’s preparations for next month’s Asean Foreign Ministers Meeting, officials said. “We collect them because we don’t want them to affect foreign tourists as we prepare for the arrival of the ...

Milled-rice exporters have called on the government to continue its efforts in reducing electricity and transportation costs, two of the main obstacles facing the government’s goal of exporting 1 million tonnes of milled rice by 2015. At a working group on rice exports on Friday, 40 ...

Inside a mini-mart near Phnom Penh’s Olympic stadium, the shelves holding the beer for sale have a more Cambodian feel to them these days. While imported brand like Thailand’s Singha and Japan’s Asahi, used to take up valuable retail real estate, now homegrown brands like Angkor ...

The Kratie Provincial Court yesterday issued a search warrant for the home of Chum Vuthy, a man who allegedly trades in luxury wood, in Kratie City, provincial police said. Mr. Vuthy had been transporting a load of illegal lumber from Stung Treng City to Vietnam and ...

A group of Phnom Penh-based high-tech professionals are putting on the second annual Startup Weekend Cambodia from June 22 to 24 at Yellow Tower, across the Tonle Sap from the Riverside. Darren Jensen of Yoolk, a software company that builds content, sales and HR management systems ...

Lawyer and government advisor Sok Siphana has made his law firm, Sok Siphana & Associates, a member of ZICOlaw, a leading regional law firm based in Kuala Lumpur and focused on the ASEAN region. ...

The cargo of merchandises including clothes, agriculture products, construction, electronics and other products through the Phnom Penh Autonomous Port (PPAP) has increased 10 percent in the first five months of this year in comparison to the same period last year, according to PPAP’s statistics. ...

Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair (International) Limited as International sole agent), the annual national flagship jewelry fair – The 4th Cambodia Gems & Jewelry Fair (4th CGJF), will be held on June 14 to 17, 2012 at Diamond Island Convention & Exhibition Centre (Koh Pich), at the ...

Phnom Penh Autonomous Port plans to buy a rice-polishing machine from China, and will also look to build a rice storage facility in Kandal province. These moves, officials said, were intended to push along Cambodia’s rice trade during a period of uncertainty for the industry. Facilities ...