Economy and commerce

An international group that promotes the ethical sourcing of sugar for the food and energy industries has suspended the membership of U.K. sugar giant Tate & Lyle for failing to answer complaints that it was buying from Cambodian plantations accused of stealing land from local ...

Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...

Grandis Timber Ltd.’s teak plantation in Kompong Speu province is the fist company in Cambodia to receive a certification from U.S-based Forest Stewardship Council (FSC) for its best practices in forest management, Grandis announced yesterday. “FSC certification recognizes FSC standard’s commitment to sustainable development of ...

While Japanese investment is soaring in Cambodia, Japanese employers say there is a shortage of Japanese-speaking staff available to fill the demand. Kong Solina, assistant to the manager of the Service and Culture Department of the Cambodia-Japan Cooperation Center (CJCC), said the purpose of the ...

Cambodian manufacturers on Wednesday received training from Korean designers on how to make apparel in line with current fashion trends in the hopes of assisting them in penetrating the lucrative but difficult Korean market. The event was organized by the ASEAN-Korea Center—an intergovernmental organization that aims ...

Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...

Mobile firm CooTel, a subsidiary of a large Chinese tele­communications corporation, is making plans to enter Cambodia’s oversaturated mobile phone market, officials said. The Ministry of Posts and Telecommunications granted CooTel’s parent company, Xinwei (Cambodia) Telecom Co. Ltd., an operating license in August 2011 and the ...

Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...

Bilateral trade between Cambodia and South Korea has reached 329 million U.S. dollars in the first five months of this year, up 12 percent over the same period last year, showed the latest figures from the Korea Trade- Investment Promotion Agency to Phnom Penh on ...

The Rubber Industry Smallholders Development Authority (RISDA) is opening two plantations in Cambodia, its director-general Datuk Wan Mohamad Zuki Mohamad said Wednesday. He said discussions had been held with the companies that would be tasked with managing the plantations last week. “We are now awaiting approval ...

It is almost two years to the day since Cambodia’s stock market launched in Phnom Penh in front of proud government officials, senior financiers and eager investors from across the region. Initial expectations were that a total of three state-owned firms would be listed within six ...

A lawsuit filed by families in Koh Kong province accusing U.K. sugar giant Tate & Lyle of wrongfully profiting off land stolen from them is heading to trial after efforts to mediate a settlement fell through earlier this month, according to those involved. Law firm Jones ...

In the middle of an election campaign in which wages have been a prominent issue, the Ministry of Education did something out of the ordinary Monday: It made public the official pay scale it uses to remunerate its teachers. The list contains figures that are somewhat ...

Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yad­aw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...

Revenue from foreign tourists buying passes to see temples in Siem Reap’s Angkor Wat complex amounted to about $51 million last year, according to a Post calculation of data that was released Friday in a letter by the Apsara Authority, which manages the site. [Bun] Narith ...

Cambodian students, graduates and jobseekers filled the main hall of the Cambodia-Japan Cooperation Center on Tuesday looking for employment opportunities with some of Japan’s largest corporations. Organizers said the event aimed to bridge the gap between skilled Cambodian job seekers and companies from the world’s third ...

U.S. Ambassador to Cambodia, William E. Todd returned from a reverse trade mission in the United States to promote trade and investment opportunities in Cambodia. Around 50 Cambodian business representatives accompanied Mr. Todd in meetings with several U.S. businesses, investors, and trade associations in Long Beach, ...

Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...

Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

While Kampot pepper and Kampong Speu palm sugar carry the brand-building Geographical Indication (GI) status, newcomers seeking the same tag continue to wait for funding to get their products off the ground. In 2010, Kampot pepper and Kampong Speu palm sugar were the first Cambodian goods ...

The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ...

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...