Economy and commerce

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) ...

Macao’s Guo Hong (International) Investment and Development Co. Ltd was officially launched in Cambodia on Monday with an investment plan in developing a large- scale eco-tourism farm in northeastern Cambodia, the company’s Managing Director Wu Jinlong said. ...

Border trade between Surin province in Thailand and Oddar Meanchey province in Cambodia is rising following military measures, the National News Bureau of Thailand said Sunday. ...

South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. ...

The Arbitration Council Foundation, credited with helping resolve about 1,700 industrial disputes, has reached verbal agreement with a Swedish aid agency to receive funding until the end of 2016, a spokesman said yesterday. But members of the labour-dispute resolution body desire a more permanent solution that ...

About 50 families gathered under a timber roof here Sunday among muddy fields granted to them as compensation after China’s Union Development Group (UDG) began to turn their coastal homeland into a $3.8-billion tourist mecca. The families, who now live in timber houses dotting the barren ...

The Surin Chamber of Commerce has revealed that border trade between Thailand and Cambodia has risen since the National Council for Peace and Order (NCPO) launched a number of measures on politics, the economy, society, and security. ...

About 80 workers protesting against a Japanese factory in Phnom Penh that produces cardboard boxes blocked the gates Friday after managers refused to hold a meeting with employees. Workers burned tires in front of the Harta Packaging factory, which they have been protesting against since February, ...

Cambodia’s Ministry of Commerce said Friday that it has granted operating licenses to 1,676 new firms in the first five months of 2014, up 55 percent as compared with the 1,084 companies for the same period last year. ...

It’s day seven of the FIFA World Cup, and the night staff at Phnom Penh’s popular Score Sports Bar and Grill are looking a bit sleep-deprived. Score is paying its staff “very well” in extra wages during the World Cup for the long nights they ...

Chinese firm Huaxin Cement Co has purchased a 40 per cent stake in Cambodia Cement Chakrey Ting Factory Co, a cement-making factory currently under construction in Kampot province. Huaxin’s $24 million investment Cambodia Cement lifted the local factory’s working capital to $60 million, up from $32 ...

Once every four years, when the FIFA World Cup rolls around, business surveys and studies are inevitably released telling us that all those hours spent watching football, thinking about football and talking about football have a tangible effect on the global economy. During the 2010 World ...

Grand Twins International (GTI) ended trading yesterday with a slight decline. The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening. ...

U.N. human rights envoy Surya Subedi met with representatives of the country’s businesses and employers Thursday for talks that focused on the protection of workers’ rights and measures that can be taken to ensure that strained industrial relations do not once again erupt into violence. In ...

Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion. The Financial Services Commission approved Woori Bank’s acquisition of Malis on Wednesday, according to bank officials. ...

Cambodia’s Soma Group and Thailand’s C.P. Intertrade on Thursday signed a joint-venture agreement to build a sophisticated rice milling and refining factory in the western Kampong Speu province of Cambodia. The deal was inked between Sok Puthyvuth, chief executive officer of Soma Group, and Prasit Damrongchietanon, ...