Economy and commerce

Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...

Cambodia’s rubber price is expected to fall further in coming years while government projects aimed at doubling rubber resin production will take effect by 2015, according to the latest figures from the Rubber General Department. Mak Kimhong, president of the Cambodia Rubber Association and owner of ...

The seventh investment–trade–tourism promotion conference for the Cambodia–Laos–Vietnam development triangle took place in the Central Highlands province of Kon Tum on December 5. The event attracted the participation of representatives from over 400 domestic and foreign businesses. Vietnam is investing in 50 projects worth close to ...

The ties between Cambodia and China in trade, investment and tourism have steadily grown from year to year thanks to good relations between the two countries, Cambodian Minister of Commerce Cham Prasidh said Tuesday. “China is one of our key trading partners. The two-way trade volume ...

Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party ...

British ambassadors and high commissioners from the ASEAN region convened last week in Singapore; among the range of topics discussed was the increase of the UK’s economic involvement in the region. According to Mark Gooding, British Ambassador to Cambodia, UK trade with Cambodia has been increasing ...

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 17 percent over the first 11 months of the year, compared to the same period in 2011, a port official said yesterday. From January through October, the Port received a total of 86,334 ...

TK Garment Co Ltd, a leading Thai original equipment manufacturer for fashion lines in Thailand, is relocating its largest production site to Cambodia to escape high wage costs, the Bangkok Post reported yesterday. According to Ken Loo, secretary general of the Garment Manufacturers Association in ...

The Commerce Minister said yesterday that China is a potential market for Cambodia’s garment exports and some other agricultural products while the traditional big markets of Europe and the United States are experiencing an economic slowdown. Cham Prasidh said at the sidelines of the Cambodia-China Trade ...

It was only in July this year when German-owned internet start-up incubator Rocket Internet launched shop.com.kh in Cambodia, an online retail store selling electronics such as mobile phones, laptops and tablets. Rocket Internet Cambodia co-founder Karl Seilern told the Post in July that the country’s growth ...

About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...

PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...

The Cambodian National Rescue Party is making a strategic shift in its bid to win the next election: focusing less on traditional hot-button issues like government corruption and territorial disputes, and instead offering voters a series of concrete new policy initiatives. This required clear and ...

WASHINGTON DC – Seven opposition lawmakers say they have found new ways to reduce the national debt and are requesting that the National Assembly’s finance committee meet with them before drafting the 2013 national budget. The lawmakers, from the Sam Rainsy and Human Rights parties, say ...

Three New Zealand companies will leave their mark on Kids City, a massive new family entertainment complex in Cambodia offering 7000 square metres of indoor activities, shops, cafes and an ice skating rink on the top floor. When it opens in March, visitors to the 12-story ...

The Garment Manufacturer’s Association in Cambodia (GMAC) signed a $3.5 million loan agreement with French international development agency Agence Francaise de Development (AFD) yesterday to build Cambodia’s first garment sector training school. The school will train Cambodia’s unskilled garment workers and other Cambodians who wish to ...

When the government decided to raise the daily minimum wage to 300 baht nationwide, labour-intensive industries knew sunset was descending on their businesses. As a leading original equipment manufacturer (OEM) for popular clothes lines in Thailand, the company is relocating its largest production site to ...

Cambodia’s nascent life insurance market grew slightly after Manulife Cambodia launched the Manulife Savings Protector yesterday. Combining savings and protection, it will provide life protection for 10 or 15 years to create an estate for relatives in case of untimely death and offer benefits from ...

Cambodian Prime Minister Hun Sen expects the country to attract more Japanese tourists and investors to help improve the country tourism and economy. The PM said last week he was encouraging more Japanese investors and tourists by heightening bilateral ties. “Japan and Cambodia are known for having ...

Myanmar Airways International (MAI) has resumed flights between Yangon and Phnom Penh after a four-month suspension due to low demand. The MAI flight landed at Phnom Penh International Airport at 7:15pm on Saturday. MAI country manager Ye Jhan  told a press conference to cover the flight’s arrival ...

Less developed countries should promote domestic software development that meets local needs and capabilities, bringing development gains, a United Nations Conference on Trade and Development (UNCTAD) report published last week says. Locally developed software is more likely to fit the culture, context and language where it ...

Cambodian and Vietnamese Defense Ministries on Friday signed two documents relevant to a joint venture for establishing a quarry and a rubber plantation project in Cambodia. According to a document briefed to reporters at the signing ceremony, the two deals included a quarry site establishment in ...

Cable Thai Holdings (CTH) says it is in talks with leading cable-TV operators and private broadcasters in Cambodia and Laos to grant sub-licence rights to broadcast the English Premier League for three seasons beginning in 2013-14. CTH is a group of more than 300 cable-TV operators ...

Cambodia’s inflation rate is expected to be less than 3 percent in 2012 thanks to stable food prices, Prime Minister Hun Sen said Friday. “This year, the inflation will be less than 3 percent, it is low and good if compared to 5.5 percent rate last ...