Economy and commerce

Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...

The Interior Ministry has summoned six union representatives for questioning following a complaint from Jack Liu, director-general of Tainan Enterprises (Cambodia) Co., Ltd., alleging that they incited violence at his Kandal province garment factory in late December. A letter dated Thursday, signed by the Interior Ministry’s ...

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21. EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and ...

International trade leaders say Cambodia’s workers and managers should continue to negotiate for an increase in wages, despite a deadly crackdown on worker protests earlier this month. Workers want a raise in the minimum wage to $160 per month to keep up with the rising cost ...

Cargo shipments entering and leaving Cambodia through the Phnom Penh Autonomous Port rose by 16 percent in 2013 thanks to better economic situation, according to a port’s data on Friday. The kingdom’s 2nd largest port received 110,500 twenty-foot-equivalent units, or TEUs (standard-sized containers), last year, up ...

Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...

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 ...