Economy and commerce

ANZ has ruled out helping hundreds of poor Cambodian families forcibly evicted from their land to make way for sugar-cane plantations that involved child labour and led to food shortages. Fairfax Media this year revealed confidential audits that disclosed that ANZ’s Cambodian subsidiary, ANZ Royal Bank, ...

Sambor Prei Kuk, the seventh-century temple of the pre-Angkorian Chenla Kingdom built by Isanavarman I, is to be submitted for consideration as a World Heritage Site to UNESCO. The announcement came yesterday at a seminar on research and conservation on the temple complex, the most important ...

Cambodia stands to be the biggest beneficiary, in terms of GDP growth, for the first decade following ASEAN Economic Integration in 2015, according to a study released publicly today by the International Labour Organisation (ILO). The ILO’s 160-page report says Cambodia could see a 19.9 per ...

In the face of an increase in work-related injuries, government officials gathered in Phnom Penh on Tuesday to start work on a new plan to reduce workplace accidents and to reflect on their achievements over the past five years. ...

Muang Thai Insurance is looking at acquiring portfolios from non-life insurers and selling non-life products to individuals in neighbouring countries as part of its plan to keep its premium income growing by 15 per cent annually in the next three to five years. “The merger model ...

ambodia is working with UNESCO to form an International Coordinating Committee for the Safeguarding and Development of the Historic Site of Preah Vihear (ICC-Preah Vihear), Deputy Prime Minister and Cabinet Minister Sok An said Tuesday. Speaking during a meeting with South Korean Ambassador to Cambodia Kim ...

Cambodia Bayon Airlines will soon import two Modern Ark 60 aircrafts from the state-owned Aviation Industry Corporation of China (AVIC), with plans to begin domestic flights before the end of the year, a company representative said yesterday. Bayon will sign an agreement with AVIC on Thursday ...

China will work with Cambodian officials to broaden the range of agricultural products that the Asian economic giant allows to be imported from the Kingdom, government officials said yesterday. Ken Ratha, spokesman for the Ministry of Commerce, confirmed that China’s General Administration, Quality Supervision, Inspection and ...

Cambodia and China on Monday signed an agreement toward establishing a Cambodia- China Technology Transfer Center, aiming to utilize science and technology for socio-economic development, officials said. ...

Cambodia’s tourist arrivals registered a 0.3% decline in June according to the country’s statistics and tourist Information Department. The country attracted 300,454 visits compared to 301,412 during the same month last year. Released officially by the Ministry of Tourism, last week, data showed Vietnam led the field ...

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

Cambodia’s GDP per capita is expected to reach 1,130 U.S. dollars this year, an estimated increase of 8 percent from 1,043 U.S. dollars last year, Prime Minister Hun Sen said Monday. ...

Sixteen Cambodian border traders were imprisoned by the Thai military over the weekend after they were caught smuggling shoes and clothing illicitly bearing registered trademarks across the Poipet City border crossing on Saturday. The traders, who supply the Rong Kluea border market in Thailand’s Sa Kaeo ...

Cambodia’s Anti-Corruption Unit (ACU) held its first consultation meeting with the private sector on Friday over a proposed new anti-corruption guidebook, encouraging firms to police themselves in the absence of any official regulation. According to Om Yentieng, head of the ACU, the new Guide on Anti ...

As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the ...

About 300 disgruntled Cambodian workers and used-garment merchants last night ended their blockade on the border with Thailand. The workers had earlier parked their two-wheel carts in front of the Aranyaprathet-Poi Pet border checkpoint on the Poi Pet side of the Thai-Cambodian friendship bridge. They demanded ...

Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...

In Cambodia, where the garment sector accounts for 80 percent of exports, hundreds of thousands of people depend on their slice of the $5 billion industry to survive. But for suppliers currently exhibiting their wares at a trade show this weekend on Phnom Penh’s Koh Pich ...

At dawn on the Dangrek Mountain range, 62-year-old logger Suon Song* uses an empty beer can to boil water for his morning coffee. He’ll need it to stay alert during the illegal and dangerous work ahead, after the first of several sleepless nights in the ...

Cambodia has announced the new Visa fee for foreigners who wish to visit Cambodia, according to a statement by Ministry of Foreign Affairs and International Cooperation. ...

At least 127 Cambodian garment workers at six different factories got fainted on Friday due to poor health, a local police chief confirmed. Yim Socheat, police chief of Phnom Penh’s Dangkor district, where the incidents occurred, said the victims had been sent to hospitals soon after ...

About 100 villagers who lost land to a sugarcane plantation, which was until recently financed by ANZ Royal Bank, traveled to Phnom Penh to protest in front of the bank’s headquarters Thursday, but failed to convince the bank to help them. Several hundred families in Kompong ...

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

The UN Children’s Fund in Australia has warned volunteers and tourists to avoid visiting Cambodian orphanages following critical reports from the press in recent weeks. In a post on its website, UNICEF Australia said “these types of tours exploit children and their families for the financial ...