Economy and commerce

In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance. Released on Friday, the numbers show that $2.3 billion was earmarked ...

Activists are skeptical that Cambodian Prime Minister Hun Sen will follow through on a pledge to stop a contentious practice of appropriating rural land for commercial use, an issue that hurt the leader and his party in elections in July. In its new five-year political platform ...

A Singaporean-owned garment factory whose workers have been on strike since early August is no longer producing clothes for American denim giant Levi Strauss, a brand representative and a factory worker said Monday. The workers of SL Garment Factory in Meanchey district—which still makes clothes for ...

PHNOM PENH (The Cambodia Herald) — Chinese Tourism companies have warned their citizens visiting Siem Reap province not to buy gifts or souvenirs from vendors for fear of expensive counterfeit products.  A tourist guide in Ankor Wat, Siem Reap said that this happens a lot because ...

The condominium market in Phnom Penh is still very much within its early stage of development and thus is unlikely to flourish until there is a cultural shift towards owner occupants relocating to condominium developments within the city. This however will be heavily dependent on the ...

Amid growing urbanisation, Lucky Supermarket opened three more branches in Phnom Penh’s suburbs over the weekend, targeting a new consumer base living around the city. With the additional branches, Lucky now counts 10 outlets in Phnom Penh, including one mini-mart at Koh Pich. ...

Cambodia had exported 288,300 tons of fresh and dry cassava in the first eight months of the year, down 56 percent compared with same period last year, the figures of the Commerce Ministry said Sunday. The country generated total revenue of 15.2 million U.S. dollars from ...

Cambodia has reported a 45 percent increase in dry rubber exports in the first eight months of the year, the figures of the Ministry of Commerce showed Saturday. From January to August this year, the country had exported 45, 530 tons of dry rubber, up 45 ...

Cambodia had imported 1.1 million tons of petroleum in the first eight months of the year, a 3.5 percent decrease compared with the 1.14 million tons over the same period last year, the figures of the Ministry of Commerce showed Friday. From January to August this ...

Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going ...

Prime Minister Hun Sen on Thursday urged the Ministry of Economy and Finance to eliminate the practice of bribery or greasing the palm to facilitate development projects funded by the Ministry itself or the National Treasury. New Finance Minister, Oun Porn Monirath, successor of Keat Chhon, ...

Economists and analysts on Thursday shrugged off the opposition CNRP’s threat to stage nationwide labor strikes, arguing that while such a move could lower profits for companies in the short term, it would not significantly deter foreign investors. Mr. Rainsy, who mentioned the possibility of strikes ...

With the long-ruling CPP sworn in to govern for another five years despite the opposition CNRP abstaining from sitting in the National Assembly due to election irregularities, a new report argues that imminent threats to Cam­bodia’s future development can only be overcome with significant government ...

PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed ...

A unit of Temasek Holdings Private Ltd has opened a new bank in Cambodia with local partners in the first investment by the Singapore state investor in the country, the Straits Times reported on Friday. The bank has 11 branches in seven provinces, with five ...

The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...

SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...

Opposition leader Sam Rainsy on Wednesday announced that his party could stage nationwide labor strikes in protest of disputed election results, and said the CNRP would begin an international campaign to make the CPP government a pariah state. “In the air is an idea of ...

Nathan Horton’s business model is straightforward. A professional photographer, Horton helps amateur photographers take pictures abroad. Photo tourism is an increasingly lucrative trade in Cambodia. Horton, who runs half-day jaunts in Phnom Penh and longer journeys into the provinces, is one of the practitioners capitalising on ...

Flag carrier Philippine Airlines (PAL) expects no more delays in the completion of the deal with Royal Group of Cambodia (RCG) to form Cambodia Airlines Co. Ltd. Yes, it should be done,” said PAL President Ramon Ang in a text message, when asked if the ...

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

Cambodian Prime Minister Hun Sen on Wednesday announced his new government’s five-year strategy, vowing to deepen reforms in all fields to ensure sustainable growth and poverty reduction. “Reforms are the top priority for Cambodia and the country will continue deepening reforms in all fields in order ...

Singapore’s Prime Minister Lee Hsien Loong says much work is still needed to establish the ASEAN Economic Community (AEC), a single market for trade and development in 2015. Lee, head of the most advanced economy in the 10-member Association of Southeast Asian Nations, or ASEAN, ...

Cambodia exported 221,027 tons of milled rice in the first seven months of the year, an increase of 103 percent compared to the same period last year, according to figures from the Ministry of Commerce. Officials and rice experts said the increase in exports was thanks ...