Investment

Eight families involved in a land dispute in Kompong Chhnang province with Chea Kheng, the wife of Mines and Energy Minister Suy Sem, on Wednesday walked away from a meeting that was set up at their local district administrative office to resolve the dispute, an ...

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Cambodian and Indian senior diplomats on Wednesday discussed ways to strengthen and expand bilateral relations and cooperation for mutual benefits of the two countries and peoples. The talk was made between Cambodian deputy Prime Minister and Foreign Minister Hor Namhong and Indian Ministry of External Affairs ...

About a dozen Tuol Kok district security guards in Phnom Penh on Tuesday blocked three families involved in a long-running land dispute from building a fence around the disputed property in Boeng Kak I commune, an official said. Deputy district governor Saing Sopheak Vichet said the ...

Mobile network operator Beeline announced on Monday that it will launch a 4G service by the end of the year. Hout Vanthan, the chairman of parent company Sotelco, said the 4G network will be available in Phnom Penh by the fourth quarter of 2014. ...

Ath Thorn, the president of the union that led strikes at the SL Garment Factory last year, appeared before the Phnom Penh Municipal Court on Tuesday for questioning over allegations of incitement. The Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU), headed by Mr. Thorn, spearheaded ...

In their latest bid for a $160 minimum monthly wage for the garment industry, independent unions will lead a “stay at home” strike late next week. While the chances of that figure being approved anytime soon seem slight – the government has only just announced a ...

Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...

About 200 workers employed by a sub-contractor of Kampot Cement Company went on strike for several hours Tuesday, demanding better wages as well as annual leave, a union representative said. “The reason they went on strike is that they want Banjamag company to implement five points” ...

The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, ...

The Vietnam-Cambodia International Trade Fair and Exhibitions 2014, also known as Ho Chi Minh City EXPO 2014, will be held at Koh Pich Convention Center in Phnom Penh, Cambodia on May 7-11. ...

The World Bank says Cambodia has the most open foreign direct investment regime in ASEAN while Thailand has the most restrictive. In a report released Monday, the bank also said that Cambodia had recently emerged as ASEAN’s second-biggest recipient of foreign direct investment in the agricultural ...

In a rare moment of honesty a Cambodian official has admitted his doubts about his country’s ability to meet regional expectations in time for the launch of the much vaunted ASEAN Economic Community (AEC) by the end of 2015. “If you talk about short-term: Yes, we ...

Siem Reap hotel operators are preparing for a deluge of tourists this Khmer New Year season the likes of which is not often seen, tourism officials say. Chheuy Chhorn, deputy director of Siem Reap’s tourism department, said after attracting 170,000 visitors to the first annual Angkor ...

The building that housed USA Fully Field Garment factory in Phnom Penh’s Meanchey district stands empty now. The grounds are littered with garbage and boxes full of dusty brand labels that were stitched onto clothes by almost 400 workers before the factory owner fled in ...

Facing public pressure from major garment brands and labor unions, the Ministry of Labor and the International Labor Organization (ILO) will cooperate in the coming months to reform the current system of setting the minimum wage in the garment sector. The reform process will begin with ...

Toll Royal Railway, the private operator of Cambodia’s train service, has no system in place to regularly inspect the state of its tracks, and lacks qualified inspectors to check either tracks or bridges, according to a recent safety audit of the firm’s Phnom Penh operations. The ...

The National Assembly of Cambodia on Thursday ratified a protocol on the investment promotion and protection agreement between the governments of Cambodia and Vietnam. All 64 lawmakers of the ruling party, who were present at the parliamentary session, unanimously approved the protocol as the opposition party’s ...

Police in Preah Vihear province say they have uncovered more evidence of child labor on a Chinese-owned sugarcane plantation and will send the case to court if further investigation confirms their preliminary findings. A former employee of the Lan Feng plantation filed a complaint last month ...

Less than a year after all refurbishments were completed on Hongkong Land’s Central Mansions – formerly Colonial Mansions – the classic residential units in the heart of Phnom Penh’s burgeoning financial, government and office-rental district are enjoying occupancy rates of close to 100 per cent, ...

Economic growth and increasing investment in construction have facilitated sales of paint this year. Thas Chantrea, sales manager of Jotun Cambodia, said his company’s sales of paint products from Thailand and Malaysia saw an increase of 50 per cent in the first quarter of this year ...

Grocery and beer sales are expected to spike during April as Khmer New Year preparations ramp up, retail industry officials said yesterday. Hy Ramy, managing director of HRM (Cambodia) Group, a food and beverage distribution company specialising in canned foods, condiments and beverages, said he expects ...