Economy and commerce

Corruption is weighing on businesses, and the avenues to address it are limited, according to Cambodia’s leading employer association. At a joint conference with the International Labour Organization (ILO) and the Cambodian Federation of Employers (CAMFEBA) in Phnom Penh yesterday, the employer representative called on the ...

Two of the country’s most powerful and politically connected business owners are on the board of governors of the company thought to have brokered a controversial deal between the world’s largest hydropower developer and the Cambodian government, documents obtained by the Post show. Cambodian People’s Party ...

Work on a triple-skyscraper complex near Olympic Stadium announced in February is due to get under way in June this year and be completed in 2017, according to the project supervisor. With its slogan “The heart of Phnom Penh”, Times Centre is slated to feature three ...

Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending several weeks whipping up interest from local investors, whose appetite remains on the low side so far. Stanley Shen, a spokesman ...

A draft trade union law that the government has pledged to introduce by the end of the year includes provisions that will allow for unions to be suspended if their activities are deemed illegal, the head of Cambodia’s largest employers association said Wednesday. Van Sou Ieng, ...

Labor unions and associations have suspended their strike plan scheduled for March 12 following the request by garment workers, according to a union leader. The suspension came after the meeting between the union leaders from a coalition of 18 labor unions and associations today. The unionists ...

Corruption remains the most significant challenge facing Cambodia’s economy, according to a survey of more than 300 employers conducted last year by the International Labor Organization (ILO), the results of which were released Tuesday. Despite legislation meant to stamp out graft, corruption continues to be perceived ...

Dozens of trucks, bulldozers and excavators have pushed Var Sokhoeurn to the edge of his remaining land at the Lower Sesan II dam site in Stung Treng province’s Srepok district. When Post reporters visited Sokhoeurn’s family last month, much of his land, where he grew cassava and other ...

A handful of stores in Phnom Penh’s City Mall closed up shop yesterday morning, draping large curtains over their storefronts rather than face an impending police raid on businesses allegedly selling pirated movies there, police and other vendors said. The aborted raid came less than two ...

Cambodia’s garment sector has the highest rate of unionization of any industry in Asia, Cambodia Federation of Employers and Business Associations Van Sou Leng said Tuesday. “Major efforts are needed to improve the quality of workplace relations,” Van said in a statement posted on the Camfeba ...

Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...

Giant Bicycles founder and chairman King Liu said on March 5 that Taiwan’s bicycle manufacturers are still competitive, despite the challenge from Cambodian competitors becoming stronger due to the country’s favorable tax policy. Bicycles exports from Taiwan were down 11.49% year-on-year in 2013, while exports ...

Hundreds of trucks hauling sugarcane queue up along the dusty roads that cut a path through a plantation in Kampong Speu province. Their destination: Cambodia’s most advanced sugar refinery. Its owners say the landmark project, run by the Phnom Penh Sugar Company and its president, ruling ...

Integrated electric power technology provider Pestech International Bhd has bagged a contract worth US$86.065 million (RM282 million), to construct a 198km transmission line for the transmission of power from existing and future power plants in the Sihanoukville area to Phnom Penh City, Cambodia. Pestech’s wholly-owned Cambodian ...

Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...

The International Labor Organization said it would launch on Wednesday two reports outlining ways to improve the investment climate in Cambodia. The first report, by the ILO, analyses Cambodia’s performance in 17 areas and contains a national survey of workers and employers. Key areas include ...

Minsk Tractor Works (MTZ trademark) has signed a contract on the delivery of tractor knock-down kits worth $5,359.4 billion to Cambodia in 2014, BelTA learnt from the company. The construction of the assembly plant, Belarus Mekong, has been completed. The opening ceremony is slated for 26-28 ...

Creative agency Briq has expanded to Cambodia, its second office globally after first launching in Singapore four years ago. Briq International Cambodia will offer marketing and communication solutions – creative, production, digital services, strategic planning and research, content development, public relations, media and activation. ...

Production from freshwater capture fisheries and aquaculture in the Lower Mekong Basin is estimated to be worth up to $7 billion a year, the Mekong River Commission says. The newsletter said total first-sale value was estimated at $3.9 to $7.0 billion per year. “Over the ...

Families still waiting for promised land titles in Phnom Penh’s Boeng Kak neighborhood said Sunday that the municipal government is offering to give them their long-awaited tenure rights only if they agree to give up part of their land. About 100 Boeng Kak families were left ...

Cambodia officially announced the creation of the Cambodia Rice Federation (CRF) to improve competitiveness, promote trade, and increase investment in the rice sector, according to comments from the Prime Minister. Board elections are expected to take place Mrch 24 and the chairman is limited to ...

In the latest bid to protect Mondulkiri’s ravaged forests, World Wildlife Fund is rolling out a new project designed to give locals financial incentives to help preserve Mondulkiri Protected Forest and Phnom Prich Wildlife Sanctuary. Cultivating small-scale, community-run businesses such as resin tree tapping and beekeeping ...

Cambodia Ambassador Tuot Panha said the viability of Clark International Airport will make it one of the progressive international gateways in the Philippines. The ambassador said she would like to see flights between Clark and Phnom Penh or Clark and Siem Reap, now one of the ...

Royal Group executives, owners of Cambodia’s leading mobile phone operator Cellcard, vigorously denied the veracity of a London-based media report on Friday that claimed the phone company is looking for investors and wants to sell off its telecommunications towers because it is unable to raise ...