Trade

Cargo volumes at Cambodia’s two largest ports increased steadily during the first three months of the year, signalling stability in the Kingdom’s economy, port officials say. Data from Sihanoukville Autonomous Port (SAP), Cambodia’s largest shipping dock, showed more than 860,000 20-foot-long shipping containers passed through the ...

Pen Siman, the general director of the Ministry of Finance’s general department of customs and excise, will retire in October, according to a royal decree signed by King Norodom Sihamoni and reprinted Wednesday in local media. Dated April 3, the royal decree instructs Prime Minister Hun ...

BAVET CITY, Svay Rieng province – The government has ordered all factories here to shut down until Thursday at the earliest in a bid to keep escalating strikes from spiraling out of control and spreading nationwide. “[Provincial] Governor Chieng Am said in a meeting yesterday [Monday] ...

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...

The Japanese International Cooperation Agency (JICA) revealed its plans Monday for a Phnom Penh to Ho Chi Minh City expressway that will halve travel time between the two cities. At an estimated cost of $2.2 billion, the initial target date for completion of the expressway is ...

Cambodia will end customs fees for milled rice exports with effect from May 1, 2014, in order to reduce production costs and boost Cambodia’s competitiveness in the international market, according to local sources. ...

The Association of the Southeast Asian Nations, known as ASEAN, has chosen 2015 as the year to realize its economic integration as the ASEAN Economic Community. Yet, there are only several months left, ASEAN doesn’t seem​ to be ready. How can ASEAN realize this goal? Although ...

Garment and footwear industry, Cambodia’s largest income earner, reported a 16 percent surge in exports in the first three months of 2014, the figures of the Ministry of Commerce showed Monday. The Southeast Asian nation exported apparel and footwear products in equivalent to 1.56 billion U.S. ...

Despite expecting 27,000 visitors per day, little planning has gone into tackling traffic congestion at Cambodia’s long-awaited AEON Mall when it opens June 30, City Hall said yesterday. There are 1,400 vehicle parking spaces allotted at AEON and 1,600 bikes spaces accessed via both Sothearos ...

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...

Cambodia’s trade deficit expanded to almost half a billion dollars during the first three months of the year, according to the latest figures from the Ministry of Commerce. Between January and March, Cambodia’s exports reached $1.99 billion, up 19 per cent compared to the same period ...

Southeast Asian countries are likely to miss a deadline for the economic integration of Asean in 2015, a leading economist says. Jayat Menon, an economist for the Asian Development Bank, told reporters in Phnom Penh Wednesday that Asean countries are behind on key targets for integration ...

Imports of older cars and vans should be banned to help reduce pollution, Minister of Industry and Handicrafts Cham Prasidh said on Monday. Speaking to Cambodia’s business community at a Green Industry workshop in Phnom Penh on Monday, Prasidh said all countries had a role to ...

Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...

Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is setting its sights on Cambodia and Myanmar, said chief executive officer Amril Samsudin. ...

Phnom Penh Water Supply Authority is scheduled to hold this week its annual general meeting of shareholders, the second since its shares were listed two years ago. The meeting is due to take place at the authority’s headquarters in Daun Penh district on Thursday morning. ...

Vietnam’s HAGL JSC is expanding its overseas plantations and plans to harvest corn in Cambodia and Laos this year, Bloomberg News reported Monday. ...

Most garment factories did not open for business Thursday, choosing to extend the Khmer New Year holidays—which officially ended Wednesday—rather than face industrial action in the form of a planned nationwide stay-at-home strike. However, a number of workers interviewed Thursday said they knew nothing about the ...

The Ministry of Economy and Finance (MoEF) will scrap customs fees for rice exporters from May 1 in an effort to reduce production costs and boost Cambodia’s competitiveness in the sector, according to a letter obtained by the Post. “[The ministry] has agreed to eliminate charges ...

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, reported a 13 percent rise in cargo shipments in the first three months of this year, a port’s data showed Thursday. Some 862,380 tons of goods had been transported through the port during the January-March period this year, ...

Along Phnom Penh’s industry-heavy Veng Sreng Street on Wednesday, garment factories lay idle in observance of Khmer New Year. The dorms around them were empty, save for the few workers who could not afford the bus ticket home for the holiday, which ended Wednesday. Eight unions ...

Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ...

Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...