Investment

Six companies from China’s Guangzhou city and Guangxi province met with Kim Sithan, Cambodia’s secretary of state at the Ministry of Commerce, yesterday to discuss investment in the country Heavy machinery, fertiliser and chemical companies expressed interest in Cambodia’s agricultural sector ...

A representative of a factory that produces clothing for international clothing brands H&M, Gap and Levi Strauss warned yesterday that its buyers will place orders elsewhere if the strike for higher wages and benefits in its two factories continues. An official at the American Center for ...

The World Bank’s biannual report on Cambodia was largely positive given dire economic prospects in Europe, which economists agreed were closely tied to the Kingdom’s key export sectors. The report, released yesterday, predicted 6.6 per cent growth in gross domestic product Manufacturing is predicted to slow slightly this year, ...

China sees Cambodia as one of the potential trade and investment partners among the Association of Southeast Asian Nations (ASEAN) and pledges to boost closer economic ties between the two countries, said a senior Chinese official on Tuesday. Wan Jifeisaid that his visit to Cambodia ...

Bilateral trade between Cambodia and ASEAN member state Malaysia rose by 34 per cent year on year in 2011 to US$319.5 million compared to the year before, according to data from the Embassy of Malaysia in Phnom Penh released yesterday. Experts noted the nearly 100 per ...

Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...

After a three-day blockade, soldiers pulled out over the weekend from the Kratie province village where a teenage girl was shot dead last week by government security forces, officials said yesterday. However, human rights workers denied a report by a provincial official that freedom of ...

The Svay Rieng Provincial Court on Friday questioned three female factory workers who were shot, allegedly by Bavet City Governor Chhouk Bundith, during a protest inside a special economic zone (SEZ) in February, the plaintiffs said. More than 20 union leaders and labor activists also gathered ...

The United Kingdom Trade and Investment Office would establish a permanent branch in Phnom Penh in the expectation that economic ties between the two countries would continue to grow, Cambodian and UK officials said yesterday. Bilateral trade has risen by 300 per cent during the past ...

Considering the growth potential of US$400-million worth in bilateral trade between the United Kingdom and Cambodia for the past five years, the British Trade and Investment office plans to establish its permanent branch in Phnom Penh. British companies are eyeing investment opportunities in education, construction and ...

Cambodia’s rice exports in 2012 may fall significantly compared to last year, due to high fuel prices, soaring logistics costs and high prices. According to local sources, Cambodian rice shipments to Europe this month are at a $200 markup per container over those from Thailand and ...

Authorities in Kratie province have denied entry to journalists and rights workers to the site of violent land clashes that led to the death of a teenage girl on Wednesday. Rights workers say they fear for the safety of villagers in Broma village, but police say ...

Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak Savann said the potential investors are looking for land in the area to ...

American packaging firm Crown Holdings Inc. announced Tuesday it would build a new can manufacturing plant in Sihanoukville that will become operational in the second half of 2013. Although it did not say how much the project was worth, the factory will produce 725 million 33 ...

Lawyers for the three women injured in a Feb. 20 shooting at a Special Economic Zone (SEZ) in Svay Rieng province were prevented from visiting the site of the shooting, allegedly on orders from the Council for the Development of Cambodia (CDC), a lawyer and ...

Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...

The Svay Rieng Provincial Court has issued summonses to question three women who were allegedly shot by a government official during a protest at a special economic zone (SEZ) in February, a court official and the plaintiffs said yesterday. About 20 eyewitnesses have already been questioned ...

Cambodian Prime Minister Hun Sen on Monday inaugurated a 60 million U.S. dollar Khmer Brewery plant on the outskirts of Phnom Penh’s Dangkor district, urging the country’s beer manufacturers to produce for exports. ...

Prime Minister Hun Sen lauded the capability of local Cambodian investors who can build factories by their own efforts on May 14 during the inauguration ceremony of the US$-60 million Cambodia Beer Factory, which is totally owned by Cambodians. ...

The Australian government has pledged $3.02 million toward three provincial information departments, which it said would help “increase citizens’ ability to voice their opinions.” ...

Cambodia’s government, facing growing protests by villagers and warnings about disappearing wilderness, suspended the granting of land to domestic and foreign companies on Monday in a move to curb forced evictions and illegal logging. Rights groups in the impoverished but resource-rich Southeast Asian country said the ...

The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development. During a meeting with Prime Minister ...

The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom. Sony Corp, which took part in the eighth annual expo for the first time this year, set ...

Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...