Economy and commerce

PM Hun Sen made the statement at a meeting with Vietnamese investors in Ha Noi yesterday, which also included Viet Nam’s Deputy PM Nguyen Xuan Phuc and Cambodian Deputy PM cum Minister of Foreign Affairs and International Cooperation Hor Nam Hong. Hun Sen praised Vietnamese businesses, ...

Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...

Cambodian Minister of Labor Ith Samheng on Friday afternoon held an urgent talk with the representatives of six pro-opposition trade unions after they have led tens of thousands of workers off work in protest against low wage increase for 2014. As the meeting was going on, ...

American lobby group Human Rights Watch has lashed out at Christine Lagarde, the managing director of the International Monetary Fund, for her trip to Cambodia earlier this month. In a commentary posted Thursday, it noted that the IMF recognized that corruption threatened market integrity, distorted competition, ...

The United Nations Special Rapporteur on the situation of human rights in Cambodia, Surya P. Subedi, on Friday reiterated his call for calm and restraint as demonstrations are now taking place daily in Phnom Penh. “Demonstrations such as those of recent days and weeks are a ...

Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...

U.S. fast-food chain Burger King will open its second location in Phnom Penh in Boeng Keng Kang I commune by the end of January, the restaurant’s manager said Thursday. Located at the corner of streets 51 and 310, the restaurant will take over the building that ...

The economic fallout from garment worker protests and the industry’s response is expected to cost the key sector millions of dollars while tarnishing the country’s reputation among international buyers, interviews with suppliers and figures from previous periods of labour unrest show. Disputes over wages came to ...

The Garment Manufacturers Association of Cambodia (GMAC) on Thursday asked all its members to temporarily stop production operations this week due to concerns over security and safety after thousands of workers walked out of work in protest against the 19 percent wage hike in the ...

While the European Union Trade Commissioner Karel De Gucht never told the Ministry of Commerce that Cambodian rice was “30 per cent” mixed with the same product from Vietnam, he did say Cambodia had to better ensure that its harvest was homegrown and not from ...

Economic growth has a close correlation with the quality of education, and not its quantity, a graduate student at the University of Chicago says. While education for all has been introduced in Cambodia, more needs to be done toward offering equal access to quality education, ...

A rice trader on Monday filed a complaint with the Anti-Corruption Unit, Prime Minister Hun Sen’s Cabinet and three ministries alleging that officials in Kompong Cham province had wrongly fined her for an overweight truck after using improperly weighted scales. Saing Darlin had her truck impounded ...

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

Opposition leader Sam Rainsy on Monday visited thousands of workers from two special economic zones (SEZs) in Svay Rieng province who have been on strike over wages and working conditions since December 16. More than 25,000 workers from 36 factories in the Manhattan and Tai Seng ...

The Asean Economic Community (AEC) will cut red tape and allow freer trade between the bloc’s 10 member states. But many companies in the region aren’t even aware of the AEC blueprint, a sobering report from the Asia Development Bank has found. The bank also ...

Preliminary results of a new survey show a steady rise in the price of land in Phnom Penh since the country’s property boom in 2008 and spectacular bust in 2009. The initial findings of the survey by VTRUST Property Co. Ltd. examine land prices during the ...

The Cambodian government and rice exporters have dismissed allegations that rice exports to the European Union (EU) countries are contaminated with rice from Vietnam. Commerce Ministry representative told local sources that while it is true that some Cambodia rice is processed in Vietnam to match ...

To capitalise on a rising demand for pork, a state-owned Chinese company is pouring $200 million into ruling party senator and tycoon Mong Reththy’s pig farm in Preah Sihanouk province. ...

A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...

The Council of Ministers has nullified a 2009 law that set minimum prices on telephone calls, paving the way for regulators to reset the country’s telecommunications prices, which industry executives say are too high. The law, Prakas 232, which has been widely flouted, set a minimum ...

A union official at the center of a strike that started last Monday and involves an estimated 30,000 workers from two special economic zones (SEZs) in Svay Rieng province said Sunday that he has no control over the strikers, and does not know when or ...

Cambodian lawmakers on Friday endorsed the setting up of a new ministry specifically in charge of mines and energy, in the hope that oil and gas production will finally get under way in the next couple of years. The new Ministry of Mines and Energy will ...

CPP lawmakers including Prime Minister Hun Sen unanimously voted Friday for their party members, Suy Sem and Cham Prasidh, to become heads of the newly created Ministry of Mines and Energy, and the Ministry of Industry and Handicrafts, respectively. The 67 ruling-party parliamentarians present also approved ...

Cambodia’s nine phone service operators plan to establish an independent body to debate issues within the industry, according to a statement yesterday from the Telecommunications Regulator of Cambodia (TRC). Forming the Association of Telecommunications Operators in Cambodia, or the ATC for short, was agreed upon in ...