Economy and commerce

On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...

CBRE Cambodia’s latest MarketView report sees strong growth in tourist arrivals resulting in growth in hotel occupancy rates and durations of stay. Quoting Ministry of Tourism statistics, CBRE said Cambodian tourism sector continued to enjoy steady growth over the course of 2013, with the number of ...

A garment factory will prolong its monthlong closure until at least July 9, when the Arbitration Council Foundation rules on a case brought by its workers. ...

Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...

Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...

Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...

A top court in Thailand agreed on Tuesday to hear a lawsuit brought by villagers against the country’s decision to purchase power from the planned Xayaburi mega dam in neighboring Laos, which green groups say could threaten the region’s environment and food security. Overruling a lower ...

With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia’s rice producers fear that any spillover into the global rice trade may impact local exports. David Van, acting secretary-general of a newly established Cambodia Rice Federation, said ...

Twenty representatives of workers locked in a monthlong dispute with management at the Ocean Garment factory appeared before the Arbitration Council yesterday, a union official said. A spokesman from the Arbitration Council yesterday told the Post that such cases are typically sorted out within 15 working days. ...

The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...

It’s no secret. Weddings in Cambodia are big, colourful and extravagant affairs. Guests drink and eat to their heart’s content, music draws revellers onto the dance floor and the party lasts for hours. But guests aren’t the only people having fun. Rising affluence paired with a ...

Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector. Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows ...

The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...

Cambodia has received some 1.9 million foreign visitors in the first five months of 2014, a 6 percent rise compared to the same period last year, a tourism official said Tuesday. “Vietnam, China and South Korea are the largest sources of tourists to Cambodia,” Kong ...

The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...

Labor Ministry officials are set to meet today with about 40 local recruitment agencies to talk about formalizing the procedure for sending migrant workers to Thailand, an agency director said. The meeting will focus on how the agencies can help migrants obtain work permits and other ...

The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...

Union leaders made another appeal for the Cambodian government to raise the minimum wage to $160 and rescind convictions of 25 workers arrested during deadly demonstrations in November and January. ...

A company ordered to cease its sand-dredging operation along the Sesan River in Ratanakkiri province after it was accused of illegally searching for gold is now defying the order, villagers claimed Monday. Discovery Power, a joint Chinese-Cambodian venture, was given a license to dredge sand for ...

The army created a new platoon on Monday to guard an area near the Areng Valley in Koh Kong province, where hundreds of ethnic minority residents have fiercely resisted plans by a Chinese company to build a hydropower dam that would flood their ancestral lands. The ...

Nine karaoke parlors in Pur Senchey district were closed indefinitely Monday after an early morning clash between employees of the clubs, district governor Hem Darith said. Mr. Darith said a large group of men working for the different clubs got into a violent scuffle using rocks, ...

A six-month protest over unpaid bonuses has seen production at a Por Sen Chey district box factory grind to a halt over the past four days, with more than 200 former employees blocking gates and preventing shipments. Former employees at Harta Packaging Industries began barricading gates ...

The Japanese government will offer more than $21 million in grant aid and loans to Cambodia when Foreign Minister Fumio Kishida visits later this month, according to a statement released by the Ministry of Foreign Affairs. According to the statement, Kishida will ink a number of ...

A South Korean company on Monday completed a $100,000 energy-efficient street light initiative in Pursat province, and said it will now invest $100 million to construct a factory to manufacture the lights, officials said. The Global Digital Media Group Co. Ltd. installed 200 light-emitting diode (LED) ...