Industries

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

Although house prices increased sharply in early 2013, they have remained stagnant following the national election last month. Kuy Vat, the President and CEO of VTrust Group, said housing prices in many projects remain unchanged, because most customers are waiting for the formation of the new ...

Dozens of business owners occupying more than 8,000 square meters of prime real estate behind Phnom Penh’s Wat Ounalom have been ordered to vacate their premises by the local conglomerate Sokimex Group, an official from the firm said Wednesday. Though the firm declined to say what ...

New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

With an aim of facing the growing challenge in Southeast Asia concerning money laundering and the financing of terrorism, the U.N. Office on Drugs and Crime has stepped in to provide Cambodian police with skills in order to curb this threat, according to a statement ...

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...

In response to a growing number of strikes in the country’s highly profitable garment sector, the government trained 15 handpicked commune officials yesterday to mediate and resolve factory disputes. The training was designed to teach commune councillors to defuse and resolve conflict, Buth Ji, director of ...

Shouting their demands and trying to force their way through the gate, thousands of striking garment workers rallied in front of the Ministry of Social Affairs to no avail yesterday. The strikes came the morning after management posted a notice saying some 6,000 striking workers ...

Cambodia was expected to export as much as 400,000 tons of milled rice in 2013 thanks to rising demand on international markets and the country’s efforts in developing rice industry, Agriculture Minister Chan Sarun said Tuesday. “We project that Cambodia can export up to 400,000 tons ...

About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs of­ficials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...

Union representatives who claim they were beaten to within an inch of their lives yesterday after they handed out pro-union leaflets in Phnom Penh’s Por Sen Chey district have vowed to take legal action. The 10 union members, who represent four different unions – the Union ...

The National Consumer Affairs Center of Japan and related bodies are warning of a rise in fraudulent investment schemes involving real estate in Cambodia, where economic growth is boosting foreign investment. The center received 1,312 inquiries between October 2011 and early this month from consumers who ...

Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business leaders working in the country. The survey, conducted by Indochina Research and seen by the Post this week, found that 98 ...

Although the Svay Rieng Provincial Court announced the ex-governor’s sentence in June and ordered his immediate arrest, he has remained elusive to the authorities. His lawyers filed an appeal in July to the Appeal Court challenging the provincial court’s verdict. Sun Bunnarith, Chhouk Bundith’s lawyer, claimed ...

The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...

Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...

Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...

Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...

Cambodian and Chinese top diplomats on Wednesday pledged to maintain and further heighten bilateral ties and cooperation for the mutual benefits of the two countries and peoples. The pledge came after a bilateral talk between Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong and visiting ...

As Cambodia’s busy tourism season approaches, domestic and regional airlines are scrambling to offer Siem Reap routes in a bid to capitalise on the growing number of visitors to the Angkor Wat gateway. In the past several months, players have entered the fray at a ...

Cambodia’s Tourism Ministry said about 231,000 Chinese visited Cambodia in the first six months of the year, up 55 percent over the previous year. Cambodia received 334,000 Chinese visitors in 2012, up 35 percent year-on-year, Xinhua news agency quoted the ministry saying in a report. Kong Sopheareak, ...