Economic policy and administration

Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s good relations and cooperation with China have encouraged more and more Chinese investors to Cambodia. The premier made the remarks during a meeting with Zhang Tingke, visiting vice-president of a leading Chinese power company Huaneng Group, ...

Cambodia’s economy grew by 7 percent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of 2012, which was up to 7.3 percent. “In 2013, Cambodia’s economy achieved ...

Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce. Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 ...

Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...

Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...

Cambodia had dispatched some 22, 300 laborers overseas in 2013, down 36 percent from 34,800 a year earlier, figures from the Ministry of Labor showed Monday. The country sent 13,170 workers to Thailand last year, down 50 percent year-on-year; 8,820 to South Korea, up 8 ...

The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...

Locally owned Singapore Banking Corp. (SBC) will rebrand itself Thursday as Cathay United Bank (Cambodia) Corp. Ltd., or CUBC, as part of a deal that finalizes the acquisition of SBC by Taiwanese financial corporation Cathay United Bank, according to a copy of a speech that ...

Cambodia and Belarus set to promote bilateral relations in politics, diplomacy, economics, trade, and tourism for mutual benefits of the two countries and peoples, a Cambodian spokesman said Thursday. Cambodia and Belarus established diplomatic relations in 1995, he said, adding that economic and trade relations ...

Prime Minister Hun Sen on Tuesday said it would be impossible to double the garment workers from USD 80 to USD 160 even though he wish to see them to have better life. “Which leaders and Prime Ministers don’t want to see their peoples have good ...

Megabank Sumitomo Mitsui Banking Corp. said Tuesday that it will boost business collaboration with Acleda Bank, Cambodia’s leading commercial bank, and Absa Bank in South Africa, Japan’s Jiji Press reported. The Sumitomo Mitsui Financial Group Inc. unit said it has dispatched a staff member to a ...

Economic freedom in Cambodia worsened over the past year, according to the latest report from the Heritage Foundation, a conservative think tank based in the US. Cambodia is ranked 108 out of 178 countries surveyed, with an overall score of 57.4, a 1.1-point dip from ...

Vietnam Dairy Product Joint-Stock Co, better-known to milk lovers as Vinamilk, was granted a licence on Monday to open a $23 million processing facility in Phnom Penh’s Special Economic Zone. A statement to the Ho Chi Minh Stock Exchange released by the dairy giant on Monday ...

Thousands of garment workers from four factories have gone back on strike this week to protest a decision by their employers to withhold pay for the days they did not work during recent nationwide strikes. Between 8,500 and 12,500 workers at four factories—two in Phnom Penh, ...

Cambodia’s opposition leaders were questioned in court Tuesday in connection with recent protests against strongman premier Hun Sen — a case they denounced as politically motivated. Prosecutors at Phnom Penh Municipal Court spent several hours grilling Sam Rainsy and his deputy Kem Sokha about unrest that ...

The Free Trade Union (FTU) on Monday reported an overall increase in industrial action by its local branches last year with 136 total strikes in the first 11 months of 2013, up 35 percent from all of 2012, when there were 101 strikes by its ...

Political instability has done little to dampen Vietnam’s appetite for investment in Cambodia, the latest figures revealed yesterday by Prime Minister Hun Sen show. Last year, Vietnamese investment reached $302 million, up 250 per cent from $86 million in 2012, according to the prime minister, who ...

Visiting representatives from the International Trade Union Confederation (ITUC) on Monday urged the Labor Ministry to withdraw its threat to revoke the licenses of six unions behind recent strikes, and to drop legal proceedings against union leader Rong Chhun. His visit follows garment worker protests ...

Prime Minister Hun Sen on Monday said that the flow of investment in Cambodia increased sharply from USD2.9 billion in 2012 to USD4.9 billion in 2013. During the 4th Cambodia-Vietnam Conference on Investment Cooperation at Peace Palace, he said the Vietnamese investments also increased, from ...

Construction investment in Cambodia in the past 11 months of 2013 was worth of USD 2.4 billion or 1526 projects, covering construction area of 7 million sq km, said The Ministry of Urbanization and Construction. The ministry added that compared with the same period of last ...

About 100 people, including 20 monks, held a ceremony in Phnom Penh on Friday in memory of the five people killed a week beforehand when military police opened fire on protesting garment workers, and demanded that the government introduce a mandatory, sector-wide standard minimum wage. In ...

Prime Minister Hun Sen on Friday assigned former Finance Minister Keat Chhon as the head of a newly formed committee tasked with researching the government’s capacity to introduce wage increases for civil servants and factory workers. The statement said that Mr. Hun Sen also spoke ...