Economy and commerce

The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...

Local developer Shukaku will step up construction of its controversial Boeung Kak lake development project this month, beginning work on a drainage system and corporate office, a spokeswoman told the Post yesterday. An updated master plan of Shukaku’s Phnom Penh City Centre project – an ...

Four more goods made in Cambodia have been linked to exploitative child labour, adding to a mounting list of items the United States considers to be produced in violation of international rights laws. The mounting number of Cambodian goods found to use child labour runs ...

Despite the Cambodian Stock Exchange (CSX) getting off to a sluggish start over the past three years, local university students are seemingly already on the way to becoming good stock-pickers. The winners, two students from Zaman University who went by the team name of Dark ...

Some 200 agricultural development experts and government ministers from across Asia and the Pacific gathered here on Tuesday to discuss plans to transform rural areas in the region. The 2-day workshop on transforming rural areas in Asia and the Pacific was jointly organized by the Cambodian ...

BCD Travel is venturing into Cambodia by tying up with Tonle Travel, a local corporate travel and inbound tour specialist with whom it has already enjoyed a working relationship of more than four years. ...

Japanese regional bank Shiga Bank said that it will join hands with major Cambodian bank Canadia Bank Plc by the end of the month to gain access to economic information in the Southeast Asian country to provide to Japanese companies. It will be the first partnership ...

Cambodia exported 335,925 tons of rice in the first 11 months of 2014, up from 332,009 tons shipped in the same period last year, according to a report of Secretariat of One Window Service for Rice Export Formality on Tuesday. ...

The Asian Development Bank (ADB) announced Monday that it would provide over 800 million U.S. dollars in concessional finance to Cambodia over five years to support the Southeast Asian nation in economic development and poverty reduction. ...

Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign investors notably in the sectors of industry and agriculture. In his statements while visiting the Kuwaiti Chamber of Commerce and Industry ...

American solf drink maker Coca-Cola plans to invest additional US$ 100 million for factory expansion in Cambodia from 2014 to 2018, according to Martin Jansen, the Regional Director, Bottling Investment Groups for China and Southeast Asia. ...

Kuwait’s Ambassador to Cambodia Dhrar Al-Tuwaijri Thursday stressed the significance of upcoming visit of the Cambodian Minister of Commerce Sun Chanthol to Kuwait, slated for November 30. The visit reflects development of relationship between the two countries and mutual desire to promote trade and economic cooperation, ...

Chinese officials have called on Cambodia to increase fruit exports amid an expected rise in domestic demand for fresh produce fuelled by online sales. Feng Bo, deputy major of Ping Xiang city of Guangxi province, last week said fruit imports from ASEAN nations must increase from ...

Cambodian Prime Minister Hun Sen met with his Vietnamese counterpart Nguyen Tan Dung and the two leaders vowed to further enhance relations and cooperation for mutual benefits, a senior Cambodian official said Tuesday. For the investment side, Dung said there have been 134 Vietnamese investment ...

Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong agreed to conclude negotiations on the signing of a new bilateral trade agreement, which forms the legal framework for achieving the two countries’ goal of 2 billion USD in trade by 2015. The agreement is ...

Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...

Cambodian unions say they will not agree to a minimum wage proposed by the Cambodian government. Union leaders say the government’s proposed minimum wage of $128 per month will not be enough for workers to keep up with the rising cost of living in the country. ...

Officials from Southeast Asia’s natural rubber-producing nations met in Kuala Lumpur yesterday for the 12th International Tripartite Rubber Council (ITRC). Cambodia, Laos, Myanmar and Vietnam (CLMV) joined ITRC core nations – Thailand, Indonesia and Malaysia – for the event, which is being touted as a joint ...

The Garment Manufacturers Association in Cambodia (GMAC) said in a statement this week that under the new minimum wage workers can actually earn up to $250 per month, though others were quick to label the figure exaggerated. The Ministry of Labour last week approved the new ...

Japanese conglomerate Hitachi on Wednesday signed a memorandum of understanding with three major companies to conduct a feasibility study on the potential development of a new special economic zone (SEZ) in Kandal province, said the CEO of one of the signatories. ...

A year after violent clashes broke out between workers from the SL Garment Factory and gun-wielding security forces, leading to the shooting death of a bystander, representatives for workers and management at the factory signed off on a list of agreements this week to end the ...

Cambodia exported 304,788 tons of rice in first ten months of 2014, up from 294,154 tons exported in the same period last year, according to a report of Ministry Agriculture, Forestry and Fisheries. ...

Some 300 rice traders and millers from around 40 countries met here on Wednesday to seek opportunities to expand their rice businesses, officials said. Speaking at the opening ceremony of the World Rice Conference, Commerce Minister Sun Chanthol said the conference was an opportunity for Cambodia ...

Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement ...