Economy and commerce

Cambodia has accelerated its agricultural growth dramatically over the last several years, but agricultural sector in this developing country still depends on its neighboring countries. What are the reasons behind this dependence? During these past years, many businessmen, both foreign and local, are investing a large ...

Nearly four years after it was established by the Commerce Ministry and one year on from its official launch, the National Commercial Arbitration Center (NCAC) held its first annual assembly Friday. The NCAC was set up in 2010 to provide businesses with an alternative to the ...

After years of ever-brisker sales, the smartphone market may be plateauing. Cambodians spent more than $300 million on smartphones last year, a 38 per cent increase from 2012’s figure of about $220 million, according to data from Singapore-based research firm GfK. Some 907,000 smartphones were sold in ...

More than 1,000 workers held a demonstration in front of Ocean Garment factory in the capital yesterday, burning tyres and blocking the road in protest against the management’s refusal to abide by a ruling that workers be paid in full for a one-month closure. On May ...

Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...

The Arbitration Council Foundation yesterday ruled that a Phnom Penh garment factory that announced it was closing for a month must pay employees 100 per cent of the wages they would have earned during that period. ...

The number of passenger arrivals at the Kingdom’s airports rose to 1.37 million in the first six months of the year, up 10 per cent from 1.24 million visitors in the same period in 2013, according to figures from Cambodia Airports. The figures include both international ...

Danet* is fourteen, and lives in a house built on wooden stilts, with no walls, and only tarpaulin for shelter. The ‘virginity trade’ is rampant in Cambodia, particularly in the capital, and is “a big problem”, says Tim Huon from Action Pour Les Enfants (APLE), ...

Transport Minister Gerry Brownlee says Cabinet approval of two new air services agreements will make it easier for New Zealanders to travel and do business in Cambodia and the Philippines. The new agreement with Cambodia places no limits on flights and routes operated by airlines ...

The number of flights between New Zealand and Southeast Asia is set to grow with the approval of new air services agreements with the Philippines and Cambodia, Transport Minister Gerry Brownlee said Wednesday. “These agreements help provide New Zealanders with better access to Southeast Asia, providing ...

Maybank Cambodia Plc has launched its 17th branch at Ta Khmao, Kandal Province to expand its footprint across the nation and to provide the community with convenient access of banking services. ...

Before dawn yesterday, Thai military officials raided a house not far from the border, finding dozens of undocumented Cambodian workers crammed into a room awaiting transportation deeper into the country. The 84 workers were woken, taken into military custody and deported, but the brokers who had ...

A community representative who has played an active role in the long-running land dispute between residents of Kampong Chhnang province’s Lorpeang village and a politically connected company has agreed to back down after accepting compensation. In a deal reached with KDC Company on Monday, Reach Seyma ...

Phnom Penh Water Supply Authority (PPWSA) – the first listed company on the Cambodian stock exchange – has recorded a profit of $1.33 million for the first quarter, a decrease of 60 per cent from the same period last year, according to audited financial statements ...

Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...

While Phnom Penh’s garbage truck drivers returned to work yesterday following a brief strike, piles of refuse continued to mount in parts of the city, as trash collectors who had joined the drivers’ cause were continuing the strike alone as of 7pm. On Monday, drivers of ...

Cambodia exported about 177,928 tons of rice in first half of calendar year 2014, up about 1% from about 175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...

South Korean fast food restaurant Lotteria opened its first outlet in Phnom Penh on June 30. Situated inside the Aeon Mall, the restaurant is focusing on chicken and beef dishes, reflecting Cambodian tastes, including a general avoidance of pork. ...

More than one year after its fish products were banned from Europe, the industry and government has done little to ensure it will be lifted. The ban, instituted in early 2013, has hurt potential fish exports to a potentially lucrative trade partner. But EU officials say Cambodia ...

About 30 residents of a planned community on the eastern outskirts of Phnom Penh gathered around the picturesque lake that forms the center of their neighborhood Monday to prevent its developer, a former opposition lawmaker, from reclaiming the land to construct condos. The residents, many of ...

Phnom Penh’s trash collectors have again gone on strike over salaries and conditions in a move that could see them stop clearing the city’s streets of garbage for an extended period for the second time this year. About 100 employees of the waste disposal firm Cintri ...

About 100 military and provincial police descended upon the rural village of Lor Peang on Monday morning, acting on what they said was a court order to arrest three villagers standing in the way of an agro-development project. More than 70 local residents involved in a ...

Provincial government officials in Stung Treng have warned companies granted economic land concessions (ELCs) in the province to fulfil their promised development plans or face losing their rights to the land. Touch Thea, director of the Stung Treng provincial department of agriculture, said the call for ...

The $100 million Sokha Hotel and Residence on Phnom Penh’s Chroy Changva peninsula will be ready to receive its first guest by September, and recruitment is under way for more than 1,000 employees, the hotel’s owner said Monday. “We plan to open in September as a ...