Investment

The Garment Manufacturers Association of Cambodia (GMAC) on Sunday said all of the country’s 400-plus garment factories will remain closed until the government and striking trade unions can guarantee the safety of the factories and all employees who want to work. The decision, outlined in an ...

Tens of thousands of Cambodian opposition supporters, backed by striking garment-factory workers, rallied on Sunday to demand long-serving Prime Minister Hun Sen step down and call an election. The garment workers have in recent days joined the opposition protests to press their demand that the government ...

SIHANOUKVILLE, Cambodia—In this quiet beach town, Lim Loeung says she spends up to 80 hours a week gluing soles onto shoes at a factory that does work for companies including Japanese sneaker-maker Asics Corp. 7936.TO +0.95% The factory believes Ms. Lim is at least 18 ...

PM Hun Sen made the statement at a meeting with Vietnamese investors in Ha Noi yesterday, which also included Viet Nam’s Deputy PM Nguyen Xuan Phuc and Cambodian Deputy PM cum Minister of Foreign Affairs and International Cooperation Hor Nam Hong. Hun Sen praised Vietnamese businesses, ...

Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...

Cambodian Minister of Labor Ith Samheng on Friday afternoon held an urgent talk with the representatives of six pro-opposition trade unions after they have led tens of thousands of workers off work in protest against low wage increase for 2014. As the meeting was going on, ...

The United Nations Special Rapporteur on the situation of human rights in Cambodia, Surya P. Subedi, on Friday reiterated his call for calm and restraint as demonstrations are now taking place daily in Phnom Penh. “Demonstrations such as those of recent days and weeks are a ...

Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...

U.S. fast-food chain Burger King will open its second location in Phnom Penh in Boeng Keng Kang I commune by the end of January, the restaurant’s manager said Thursday. Located at the corner of streets 51 and 310, the restaurant will take over the building that ...

The economic fallout from garment worker protests and the industry’s response is expected to cost the key sector millions of dollars while tarnishing the country’s reputation among international buyers, interviews with suppliers and figures from previous periods of labour unrest show. Disputes over wages came to ...

Opposition leader Sam Rainsy on Monday visited thousands of workers from two special economic zones (SEZs) in Svay Rieng province who have been on strike over wages and working conditions since December 16. More than 25,000 workers from 36 factories in the Manhattan and Tai Seng ...

Preliminary results of a new survey show a steady rise in the price of land in Phnom Penh since the country’s property boom in 2008 and spectacular bust in 2009. The initial findings of the survey by VTRUST Property Co. Ltd. examine land prices during the ...

To capitalise on a rising demand for pork, a state-owned Chinese company is pouring $200 million into ruling party senator and tycoon Mong Reththy’s pig farm in Preah Sihanouk province. ...

A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...

Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...

An estimated 30,000 garment factory workers will resume work this morning after three days of strike action ended Wednesday when Svay Rieng provincial officials promised to help the strikers achieve their demands from factory owners. The mass strike led the owner of the Tai Seng Special ...

Local law and consulting firm HML, whose chairperson and founding partner is Hun Kimleng, a niece of Prime Minister Hun Sen and wife of National Police chief Neth Savoeun, has teamed up with Tokyo-based XAT Tax Corp. to form a consulting agency focused solely on ...

The Phnom Penh Special Economic Zone (PPSEZ) plans to raise money to fund an expansion through an initial public offering, a senior official from the Securities and Exchange Commission of Cambodia (SECC) said yesterday. If successful, PPSEZ could become one of the few companies to list on ...

Two Cambodian companies on Monday signed Memorandums of Understanding (MoU) with Chinese companies to invest in the agricultural sector. One deal was inked between Chan Sothea, general director of Cambodia’s Century Rice Group, and Ivan, managing director of Shengen Yonglongxin Industrial Company. Under the agreement, the two ...

Malaysian-owned company VW Win Holdings Plc launched lottery operation Camloto in the Kingdom this week, making it the second to go live in as many months. Camloto CEO Jimmy Kong unveiled the new start-up, which will draw its first ball tonight on all major TV stations, ...

Credit Suisse, a financial services firm based in Switzerland, has been accused of aiding land grabbing in Cambodia by becoming a major shareholder in Vietnamese rubber giant Hoang Anh Gia Lai (HAGL) Group. In a statement released today, Global Witness (GW), an NGO based in England, ...

A report released by a U.S. financial research firm today says that Cambodia lost an average of $133 million per year between 2002 and 2011 through crimes such as import and export tax evasion, illegal movements of money and smuggling. The report, released by Global Financial ...

Eighty-four Chinese companies would have their products displayed for the first time in Cambodia’s annual Imports and Exports Exhibition to be held in Phnom Penh on Dec. 15-18, officials said Tuesday. Ouprum Vorak, deputy chief of the Trade Promotions Department at Cambodian Ministry of Commerce, said ...

During a four-hour pop concert in Phnom Penh to mark International Anti-Corruption Day on Monday, the Coca-Cola Company and the government’s Anti-Corruption Unit (ACU) signed an agreement that commits the international soft drinks company to avoid committing bribery in Cambodia. “Corruption is the barrier to development ...