Investment

Insurance providers sold far fewer motor vehicle and personal accident policies in 2013 than in the previous year, sparking concern among some in the industry that the importance of being covered in case of a road accident isn’t getting through to drivers. According to the General ...

 Flag carrier Philippine Airlines (PAL) is said to be better off not pursuing a deal with Royal Group of Cambodia (RGC) to form Cambodia Airlines Co. Ltd., saying there are other “bigger priorities” for the flag carrier. CAPA said the Cambodia-Philippines is a small market, ...

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...

Compared to the bustling tourist center of Siem Reap, Phnom Penh has long stood in second place as an investment destination for international hotel operations. But as infrastructure slowly improves and the number of visitors to the capital continues to grow, international hotel chains are taking ...

Starting later this month, 10,000 small and medium-sized businesses will be queried as part of a Japanese government-backed economic census intended to take a snapshot of activity across the private sector. Beginning on February 23 and running through to March 31, Cambodia’s National Institute of Statistics ...

At 10 a.m. on January 3, about 2,000 members of the security forces, mostly military police, advanced down Phnom Penh’s factory-lined Veng Sreng Street, spraying AK-47 assault rifle fire into a crowd of about 100 protesters who had been throwing stones and crude Molotov cocktails. ...

Japan will introduce direct flights to and from Cambodia this year in an effort to bolster trade, investment and tourism between the two nations, Prime Minister Hun Sen said on Friday. Hun Sen announced the plan at a meeting with a delegation led by Hideo ...

Prime Minister Hun Sen of Cambodia believes that within 6 months, Cambodia will have direct flight from Japan, which will help promote tourism and investment in the Kingdom. The Premier made such comment January 31 during his meeting with Delegates of World Tourism led by Mr. ...

Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...

Cambodian Prime Minister Hun Sen said Friday that the country wanted to see more British investors in order to further contribute to developing local economy and reducing poverty. The premier made the remarks during a meeting with visiting British Minister of State at the Foreign and ...

Two years after Prime Minister Hun Sen broke ground on a Chinese-funded project to widen National Road 6a in order to expand its capacity as a major trade and tourism thoroughfare, life for the tens of thousands of families living along the 50-km stretch of ...

At the end of a well-paved road just past the city’s airport sits a cluster of factories. Each one is barely discernible from the next – grey concrete walls and blue aluminium roofs. But one factory in the lot, MAG (Cambodia), is different. In a country ...

Cambodia’s aviation sector doesn’t need a second domestic carrier, according to a new report from the Australia-based Centre for Aviation (CAPA). The report, published yesterday, is the latest instalment in a two-part analysis of the country’s aviation industry, and focuses on Cambodia Airlines, the Royal Group ...

A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...

Authorities burned one house and demolished three others in the past two days in Koh Kong’s Botum Sakor and Kiri Sakor districts in the latest development in the long-running land dispute between villagers and Tianjin Union Development Group, community representatives and the rights group Adhoc ...

Singaporean investment firm Oxley Holdings has teamed up with Cambodian property company to develop a two-storey mixed-use project in Phnom Penh. Oxley Holdings will invest USD300 million to construct the The Bridge, which is set to comprise 700 residential apartments, in addition to 900 commercial units ...

As cooks prepped for lunch yesterday at an outdoor cafeteria for workers employed by the Japanese-owned Taica factory, more than a dozen commune-level officials inspected the premises. Seemingly satisfied with the dining operation, they moved into a recreational room with a large, flat-screen television. Taica ...

A world class Japanese Company, IDEMITSU, will build a bio-fuel factory in Cambodia in 2015, and will commence exploring bio-fuel in Cambodia for the first time in 2017, Mr. Heng Ratana, General Director of Cambodian Mine Action Centre (CMAC) told reporters yesterday. IDEMITSU has been ...

Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...

Local conglomerate Royal Group has denied that its join venture with Philippine Airlines (PAL) to create Cambodia’s second national carrier has stalled, despite recent remarks by PAL’s president that his company has delayed its investment due to the current political tension here. On Thursday, PAL’s president ...

Japanese investors will put $56 million into a joint venture with local company Sanco Investment Group (SIG) to build a new special economic zone in Banteay Meanchey province’s Poipet town, officials said yesterday. Chhour Vichet, executive director of SIG, said Thailand’s labour shortage, Cambodia’s ongoing political ...

The Interior Ministry has summoned six union representatives for questioning following a complaint from Jack Liu, director-general of Tainan Enterprises (Cambodia) Co., Ltd., alleging that they incited violence at his Kandal province garment factory in late December. A letter dated Thursday, signed by the Interior Ministry’s ...

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21. EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and ...

Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...