Economy and commerce

Early this month, in what looks like a failed attempt to save its reputation, Australia‘s ANZ Bank severed its ties with Phnom Penh Sugar, a company accused of a range of human rights abuses linked to its plantations in Kampong Speu province, Cambodia. The move ...

Vietnam Airlines will launch new international routes on November 1, connecting the Kien Giang Province’s Phu Quoc airport to Singapore and Cambodia. The Phu Quoc – Singapore route will carry two flights a week and the Phu Quoc – Siem Riep route will carry three flights ...

Former staffers of Phnom Penh Sorya Transportation will meet with a company representative tomorrow to demand reinstatement after more than two weeks of the firm’s continued refusal to comply with a decision by the Arbitration Council, they and the bus operator said yesterday. According to Yim ...

Police in Phnom Penh’s Daun Penh district took part in a sting target took part in a sting targeting illegal computer gaming locations yesterday, arresting seven people and seizing 71 illicit machines across three locations in Phsar Thmey III village. ...

Italy has demanded that the European Union restrict Cambodia’s duty-free import status, as concerns over the survival of that country’s rice sector appear to be reaching a fever pitch. According to rice industry website Oryza, the Italian government has officially submitted a request to the EU ...

The Taiwan External Trade Development Council (TAITRA) yesterday insisted it has received the green light from the Cambodian government to open a Taiwan trade center in Phnom Penh. TAITRA, a non-profit trade promotion organization affiliated with the Ministry of Economic Affairs, made the remarks in response ...

Mr S Iswaran Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry will be making an official visit to Cambodia on 21 July 2014. ...

Garment and footwear industry, Cambodia’s largest income earner, saw a 16 percent increase in exports in the first six months of 2014, according to a commerce ministry’s report on Sunday. The country exported apparel and footwear products worth 2.92 billion U.S. dollars during the January-June period ...

Cambodia on Friday afternoon issued a statement to reject a news report that the country had given approval to China’s Taiwan to open a trade center in its territory. According to the statement posted on its website, the Cambodian Ministry of Foreign Affairs and International Cooperation ...

Apple Inc. on Friday will officially launch the iPhone in Cambodia through its authorized reseller, iOne, giving customers—long used to gray market iPhones—access to Apple’s warranty. “The sales launch will be July 18. iOne, which has the monopoly right to import Apple’s products to Cambodia’s market ...

Management at Ocean Garment factory yesterday flouted a Ministry of Labour invitation to sit at the negotiating table with employees protesting the factory’s refusal to abide by an Arbitration Council decision in their favour. ...

The nation has received approval from the Cambodian government to open a trade center in Phnom Penh, the semi-official Taiwan External Trade Development Council (TAITRA) said. The center, which is expected to be officially opened next month at the earliest, will raise the number of the ...

The Chinese firm that was financially backing an ambitious project to develop Phnom Penh’s Boeng Kak neighborhood has pulled out, Chinese Embassy and company officials have confirmed, and no other investor appears to have taken its place. That makes the Erdos Hongjun Investment Corporation at least ...

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong on Wednesday praised China for its rapid development in all fields, particularly in the economic front. “China’s fast development, especially in the economic sector, is due to the right and wise leadership of the current Chinese government,” ...

Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday. Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 ...

Representatives from 25 trade unions Monday sent a request to the Ministry of Labor seeking several changes to a controversial draft union law and asking that a new $160 monthly minimum wage for the country’s volatile garment sector take effect in October. Garment factory owners say ...

Representatives from Cambodia Bayon Airlines (CBA), a newcomer to the domestic aviation market, yesterday promised domestic flights to be operational by the end of this year, pending approval from the country’s aviation authority. CBA’s vice president Taing Chun Leang yesterday told reporters that the firm is ...

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Australians are among donors to a school charity in Cambodia where the director has been charged with arranging for foreign volunteers to sexually abuse teenage students. The scandal has focused new attention on the management of Cambodia’s orphanages and children’s charities and the deception used by ...

Cambodian farmers are looking toward a new organization to help them get the best prices for their rice, but many are skeptical disparities between farmers and traders can be overcome. The Cambodian Rice Federation was started in May, bringing together disparate companies, associations and farmers in ...

Days after a Phnom Penh garment factory refused to abide by an Arbitration Council decision in favour of its employees, more than 1,000 workers are expected to demonstrate in front of the Ministry of Labour today. ...

Rice farmers in Italy plan to block four major grain exchanges in the country this week over what they say is the European Union’s failure to keep Italian rice competitive against that of cheaper Asian rivals including Cambodia, which is given duty-free access to European ...

More than a year after it was established, the National Commercial Arbitration Centre (NCAC), Cambodia’s first third-party dispute resolution body, is finally ready to take on its first case. During its first annual assembly in Phnom Penh on Friday, the NCAC confirmed that it had finalised ...

Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut ...