Economy and commerce

Cambodia’s Prime Minister Akka Moha Sena Padei Techo Hun Sen will officially open the country’s premier international investment conference in Phnom Penh later this year, according to the event’s organisers the International Business Chamber of Cambodia (IBC). The event, which will take place on October 6th ...

ANZ’s financing of ruling party senator Ly Yong Phat’s controversial sugar plantation has come under fire once again, this time in an investigation by NGO Oxfam into Australia’s big four banks and their links to rights abuses in developing countries. In a report titled “Banking on ...

All but four garment factories in Svay Rieng province were closed yesterday, as a strike of thousands of workers there continued into its second week, a labour union official said. The strike, estimated to involve about 20,000 people across the province’s Tai Seng and Manhattan special ...

The Japanese International Cooperation Agency (JICA) revealed its plans Monday for a Phnom Penh to Ho Chi Minh City expressway that will halve travel time between the two cities. At an estimated cost of $2.2 billion, the initial target date for completion of the expressway is ...

Five men in Koh Kong province could be prosecuted for stealing from a construction crew after the group allegedly seized tools in January, preventing the construction team from building fences in their village. Police summonsed the villagers from Kiri Sakor district’s Prek Khsach commune for questioning ...

The French Agency for Development (AFD) announced yesterday that it will provide $24 million to finance privately owned water and power providers to supply rural areas that state-run utilities cannot reach. During a ceremony held at the Ministry of Economy and Finance, the AFD and the ...

About 50 residents evicted from Phnom Penh’s Boeng Kak neighborhood in 2008 and 2009 to make way for a senator’s real estate project once again protested in front of City Hall Monday to demand better compensation. They are among some 3,000 families who were forced ...

The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...

Prime Minister Hun Sen will open Cambodia’s International Investment Conference in Phnom Penh later this year, the International Business Chamber of Cambodia (IBC) said in a statement yesterday. To be held over two days, the event will take place at the Intercontinental Hotel in Phnom Penh, ...

Cambodia will end customs fees for milled rice exports with effect from May 1, 2014, in order to reduce production costs and boost Cambodia’s competitiveness in the international market, according to local sources. ...

Sharp has scored its first international order for its transparent PV panels with a 27.5kW deal in Cambodia. The Osaka-based electronics group will provide 290 of its NA-B095AA see-through panels, as well as inverters and balance of plant (BOP) services, for a cafe in a shopping ...

Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...

The International Monetary Fund (IMF) on Monday forecast Cambodia’s economy will grow by 7.2 per cent this year, 0.2 percentage point higher than last year. ...

The Association of the Southeast Asian Nations, known as ASEAN, has chosen 2015 as the year to realize its economic integration as the ASEAN Economic Community. Yet, there are only several months left, ASEAN doesn’t seem​ to be ready. How can ASEAN realize this goal? Although ...

Garment and footwear industry, Cambodia’s largest income earner, reported a 16 percent surge in exports in the first three months of 2014, the figures of the Ministry of Commerce showed Monday. The Southeast Asian nation exported apparel and footwear products in equivalent to 1.56 billion U.S. ...

Environment Minister Say Sam Al met with private firms with land concessions last week to gauge their compliance with government rules and regulations, and adherence to their own contracts. Amid mounting local and international pressure, Prime Minister Hun Sen in mid-2012 ordered a freeze on ...

Despite expecting 27,000 visitors per day, little planning has gone into tackling traffic congestion at Cambodia’s long-awaited AEON Mall when it opens June 30, City Hall said yesterday. There are 1,400 vehicle parking spaces allotted at AEON and 1,600 bikes spaces accessed via both Sothearos ...

Trade unions may have failed to get a stay-at-home strike for higher wages off the ground after the Khmer New Year earlier this month. But a strike for bonus pay is picking up steam in Svay Rieng Province, where some 20,000 garment workers protested at ...

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

A two-star army general was arrested Friday on charges of defamation because he lost a court case over a dispute with a land broker and a formerly high-ranking police official, his lawyer said. Major General Chea Dara’s lawyer, Put Theavy, said yesterday that the dispute ...

Eighteen sacked drivers for the Phnom Penh Sorya Transportation company protested in front of the company’s offices Friday morning calling for their reinstatement and a raise. The drivers say they were fired in mid- and late-April for leading strikes—in which they walked off with the keys ...

A would-be tripartite workshop intended to improve the garment sector’s minimum wage setting process closed Friday, with the industry’s most influential player, the Garment Manufacturers Association in Cambodia (GMAC), boycotting the talks at Phnom Penh Hotel. The two-day workshop would have been the first meeting between ...

Phnom Penh Water Supply Authority (PPWSA), the single listed company on the Cambodia Security Exchange (CSX), expected a 12 percent surge in profit in 2014, a senior official said Thursday. ...

The Securities and Exchange Commission of Cambodia (SECC) is investigating a rise in fraudulent get-rich-quick schemes that prey on Cambodian investors, the market watchdog said yesterday. Unlicensed investment schemes operating inside Cambodia will go under the SECC’s microscope, while multilevel marketing firms that appeal to vulnerable ...