Trade

Despite expecting 27,000 visitors per day, little planning has gone into tackling traffic congestion at Cambodia’s long-awaited AEON Mall when it opens June 30, City Hall said yesterday. There are 1,400 vehicle parking spaces allotted at AEON and 1,600 bikes spaces accessed via both Sothearos ...

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...

Cambodia’s trade deficit expanded to almost half a billion dollars during the first three months of the year, according to the latest figures from the Ministry of Commerce. Between January and March, Cambodia’s exports reached $1.99 billion, up 19 per cent compared to the same period ...

Southeast Asian countries are likely to miss a deadline for the economic integration of Asean in 2015, a leading economist says. Jayat Menon, an economist for the Asian Development Bank, told reporters in Phnom Penh Wednesday that Asean countries are behind on key targets for integration ...

Imports of older cars and vans should be banned to help reduce pollution, Minister of Industry and Handicrafts Cham Prasidh said on Monday. Speaking to Cambodia’s business community at a Green Industry workshop in Phnom Penh on Monday, Prasidh said all countries had a role to ...

Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...

Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is setting its sights on Cambodia and Myanmar, said chief executive officer Amril Samsudin. ...

Phnom Penh Water Supply Authority is scheduled to hold this week its annual general meeting of shareholders, the second since its shares were listed two years ago. The meeting is due to take place at the authority’s headquarters in Daun Penh district on Thursday morning. ...

Vietnam’s HAGL JSC is expanding its overseas plantations and plans to harvest corn in Cambodia and Laos this year, Bloomberg News reported Monday. ...

Most garment factories did not open for business Thursday, choosing to extend the Khmer New Year holidays—which officially ended Wednesday—rather than face industrial action in the form of a planned nationwide stay-at-home strike. However, a number of workers interviewed Thursday said they knew nothing about the ...

The Ministry of Economy and Finance (MoEF) will scrap customs fees for rice exporters from May 1 in an effort to reduce production costs and boost Cambodia’s competitiveness in the sector, according to a letter obtained by the Post. “[The ministry] has agreed to eliminate charges ...

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, reported a 13 percent rise in cargo shipments in the first three months of this year, a port’s data showed Thursday. Some 862,380 tons of goods had been transported through the port during the January-March period this year, ...

Along Phnom Penh’s industry-heavy Veng Sreng Street on Wednesday, garment factories lay idle in observance of Khmer New Year. The dorms around them were empty, save for the few workers who could not afford the bus ticket home for the holiday, which ended Wednesday. Eight unions ...

Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ...

Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...

Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...

The scale of mass logging in once-dense woodlands in Cambodia’s north now more closely resembles the free-for-all of a gold rush than the sustainable forestry more often associated with these communities. With the financial backing of powerful businessmen, villagers in three districts of Preah Vihear are ...

In their latest bid for a $160 minimum monthly wage for the garment industry, independent unions will lead a “stay at home” strike late next week. While the chances of that figure being approved anytime soon seem slight – the government has only just announced a ...

The Ministry of Commerce is undergoing an internal shake-up to better position itself for the opening up of trade across the region. Commerce Minister Sun Chanthol told the Post yesterday that ahead of Asean Economic Community (AEC) integration in 2015, new divisions were being established and others realigned ...

The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, ...

The Vietnam-Cambodia International Trade Fair and Exhibitions 2014, also known as Ho Chi Minh City EXPO 2014, will be held at Koh Pich Convention Center in Phnom Penh, Cambodia on May 7-11. ...

The World Bank says Cambodia has the most open foreign direct investment regime in ASEAN while Thailand has the most restrictive. In a report released Monday, the bank also said that Cambodia had recently emerged as ASEAN’s second-biggest recipient of foreign direct investment in the agricultural ...

In a rare moment of honesty a Cambodian official has admitted his doubts about his country’s ability to meet regional expectations in time for the launch of the much vaunted ASEAN Economic Community (AEC) by the end of 2015. “If you talk about short-term: Yes, we ...