Economy and commerce

Cambodia is one of only two economies worldwide to have declined in global value chain (GVC) participation since 1995, according to the World Trade Organization’s latest study. The WTO’s World Trade Report 2014, released Monday, shows Cambodia’s overall percentage of GVC participation – one country’s contribution ...

The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...

Third-party payments provider Wing yesterday penned a deal with Canada-based financial services group, Manulife. According to a joint statement issued by the two companies, Wing customers can now pay their Manulife insurance bills via the company’s mobile payments system.​ ...

Edible bird’s nest producers have called on the Ministry of Commerce (MoC) to facilitate the industry’s access to the Chinese market. Nang Sothy, president of the Cambodia Bird’s Nest Federation, said yesterday that the association had requested the MoC to include the delicacy on the list ...

While the smoke has long cleared on January’s violent garment strikes, for many of the 23 workers and unionists arrested and tried on charges widely considered to be baseless, the ordeal is far from over. Nine months after security forces used deadly violence to end strikes ...

Cambodia’s milled rice export hit 269,370 tonnes in the first nine months of 2014, up 1.2 per cent from 266,123 tonnes over the same period last year, according to latest official data. Seventy-seven companies have brokered Cambodian rice for 57 countries and regions around the world, ...

A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital ...

Nearly 80,000 tons of Cambodian river sand has been sitting at a seaport in India for nearly two months, the second haul to turn up there in two years, despite a 2009 ban on the export of river sand handed down by Prime Minister Hun ...

Some two hundred villagers from Prey Veng and Svay Rieng provinces gathered yesterday and Wednesday to file complaints at the Svay Rieng provincial police station accusing the purported owner of a local water purification company of cheating them out of some $470,000 in investments. ...

Cambodian authorities have held two rounds of talks with garment factory owners and unions under a new mechanism to help break a deadlock over increasing the workers’ monthly minimum wage but to no avail. But Labor Minister Ith Sam Heng said that he expected the Garment ...

Cambodia and Seychelles on Thursday inked six documents to pave the way for bilateral cooperation in the fields of politics, trade, investment, tourism, agriculture, and air services. The deals were made during the two-day visit of Seychelles Foreign Minister Jean-Paul Adam to Cambodia. ...

Cambodian rubber industry representatives met with Asia’s major exporters of the commodity last week to set a floor price for natural rubber in an effort to salvage an industry suffering from plummeting values. ...

Despite ongoing protests over the minimum wage in the garment industry and the political deadlock that lasted well in to July, Cambodia registered over 3,000 new businesses from January to September this year. The latest data from the Ministry of Commerce reveal there were 3,025 newly ...

Cambodian and Japanese investors have invested USD 10 millions to construct villas, flats and twin villas in Sen Sok district. ...

David Puttnam, the U.K.’s trade envoy to Cambodia and the producer of the 1984 film “The Killing Fields,” on Tuesday warned that Cambodia could go the way of war-torn Middle Eastern countries if it fails to make stability a priority. ...

Following a meeting with parliamentarians at the National Assembly yesterday, Minister of Labour Ith Sam Heng announced the ministry would form a 27-member committee to study technical aspects of raising the minimum wage in Cambodia’s garment sector. The new committee will comprise nine representatives each from ...

Cambodian authorities are stepping up inspection efforts of vegetable imports along the border after Vietnamese produce shipped to the European Union was found to contain harmful bacteria, an official from the Kingdoms import inspection unit said yesterday. Vietnamese media reported last week said that the European ...

Labor Minister Ith Sam Heng has agreed to appear before lawmakers today to answer questions about ongoing minimum wage negotiations for garment workers, a controversial draft union law and other pressing labor issues, according to the opposition CNRP. ...

He may be just the police chief of Battambang, a languid riverside town in western Cambodia, but, recently, people have taken to calling Brig Gen Sar Theth the $7 million man. On Sept. 19, Brig Gen Theth’s officers tracked three Thai men in a pickup truck ...

Six Cambodian trade unions led around 1,000 garment workers to march through streets here on Sunday to demand a higher minimum wage as annual talks on a wage hike are scheduled for next month. ...

More than 1,000 garment workers gathered in Phnom Penh and marched through the city center Sunday, demanding a “decent wage” from their factories, the largest garment-sector demonstration in the capital since military police fatally suppressed a protest for higher wages in January. ...

The International Monetary Fund (IMF) on Friday kept its projection for Cambodia’s economic growth rate at 7.2 percent this year and 7.3 percent next year. ...

The Lord Puttnam CBE, British Prime Minister’s Trade Envoy, will pay an official visit to Cambodia on 13rd and 14th October, according to a statement by British Embassy in Cambodia Friday. The statement said the purpose of his visit is to strengthen trade and investment ties ...

Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...