Economy and commerce

Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...

Shareholders will want answers from ANZ bank after it was revealed this week that the banking giant’s joint venture in Cambodia financed ruling party senator Ly Yong Phat’s controversial sugar plantation, the Responsible Investment Association Australia (RIAA) said yesterday. Environmental audit documents obtained by the Post on Tuesday ...

Last week, on a busy sidewalk in Times Square, a hunched figure in a surgical mask labored at a hand-operated sewing machine. This anonymous worker was Khmer-American artist Kat Eng. According to her website, she sat in front of the flagship location of clothing giant H&M ...

Mobile internet speeds in Cambodia are ratcheting up a notch. Smart Mobile, the country’s second largest operator by subscribers, is making 4G LTE internet available to customers this week, the company announced yesterday during the launch of the service at NagaWorld Casino. Thomas Hundt, CEO of Smart, ...

The chairman of the Chinese company whose subsidiary will construct the Lower Sesan 2 dam met with Prime Minister Hun Sen on Wednesday to inform him that the dam would be completed in three years’ time, Mr. Hun Sen’s assistant said. Zhang Tingke, vice president of ...

PAL Holdings Inc., the operator of Philippine Airlines, is reviewing investment plans in Cambodia Air, after it deferred twice the completion of the joint venture with Inter Logistics (Cambodia) Co. Ltd. PAL said earlier it teamed up with Royal Group of Cambodia to establish its ...

An interministerial committee led by Deputy Prime Minister Keat Chhon will meet next month to discuss the recent minimum wage increase and subsequent fallout. Ministry of Labour spokesman Heng Sour yesterday told the Post that Prime Minister Hun Sen assigned Chhon to lead the meeting ...

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the bank helped to finance in Kompong Speu province. The NGOs also made public a 2013 social and environmental impact assessment of ...

Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...

Unions aligned with Prime Minister Hun Sen’s government issued a statement Wednesday calling on it to “take action” against union leaders who they accuse of inciting workers to hold strikes and violent demonstrations. “We would like to request [CPP Labor Minister] Ith Sam Heng to take ...

Cambodia had produced 9.3 million tons of paddy rice in 2013, which was comparable to the amount in 2012, according to the report of the Ministry of Agriculture on Thursday.​ Hean Vanhorn, director of the single window secretariat for facilitating milled rice exports, called on ...

In the course of a city’s development, especially a capital city, certain events serve as mile markers, raising their profile both regionally and globally. Few understand the changing views of Japanese investors toward Cambodia better than the upper management of boutique real estate consultancy AnnaCam ...

Taiwanese garment factory Grand Twins International will be the second company to go public on Cambodia’s fledgling stock exchange, the Securities and Exchange Commission of Cambodia (SECC) confirmed yesterday. ...

Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...

Representatives of Chinese company Tianjin Union Development Group, backed by soldiers, began tearing down villagers’ houses in Koh Kong province yesterday, community representatives and a district governor said. Botum Sakor district governor On Phearak said yesterday that company representatives had come to clear the residents’ ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s good relations and cooperation with China have encouraged more and more Chinese investors to Cambodia. The premier made the remarks during a meeting with Zhang Tingke, visiting vice-president of a leading Chinese power company Huaneng Group, ...

In the latest move to assert control over Cambodia’s saturated telecommunications industry and maintain tighter oversight, the Telecommunication Regulator of Cambodia (TRC) last week called for all industry providers to give proof of operations in a bid to snuff out inactive firms and reclaim wasted ...

Cambodia’s economy grew by 7 percent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of 2012, which was up to 7.3 percent. “In 2013, Cambodia’s economy achieved ...

Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...

Resembling a giant Rubik’s cube under construction, the solar-powered factory in Phnom Penh’s Por Sen Chey district will be completely off the grid. Some 1,350 solar panels, each one capable of generating 100 watts per hour of sunlight, cover the three-story building. In a few months, ...

The European Parliament has passed a resolution calling on the bloc’s executive body to urgently act on an EU preferential trade scheme found to have carried high risks of human rights violations in Cambodia through land evictions for industrial sugar development. In a January 16 resolution, ...

Cambodian police broke up a rally in the capital on Tuesday and briefly detained 11 activists who were calling for international assistance to secure the release of protesters arrested in a recent crackdown. The detentions came as the country’s main opposition party called off a planned ...

Almost 50 livestock slaughterers in Preah Vihear town yesterday protested a rise in taxes and fees they must to pay on their products. Pin Raksmey, chief of the committee at Kampong Pranak market, said that the problem was out of his hands. ...

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce. Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 ...