Industries

Cambodia has witnessed a trade deficit of 1.41 billion U.S. dollars in the first eight months of the year, according to figures from the Ministry of Commerce on Monday. The country’s total import and export volume was valued at 10.45 billion U.S. dollars during the January-August ...

Inside the grounds of this city’s old provincial hall, past a green corrugated iron fence, municipal street cleaners and their families are squatting in what was once a bustling government office filled with civil servants. Across the road, the former department of rural development is a ...

The Ministry of Social Affairs on Friday established four sub-committees tasked with finding a new minimum wage for the country’s 300,000-plus garment factory workers, Minister Ith Sam Heng said on Friday. “The sub-committees have a limited time of five weeks for research before they have to ...

Four subcommittees formed by the Ministry of Social Affairs met on Friday to begin establishing a new minimum wage for garment workers that will go into effect next year. Following the meeting, Social Affairs Minister Ith Sam Heng told reporters that factory production rates, garment worker ...

Minor Hotel Group Ltd (MHG), a wholly owned subsidiary of Thailand-listed Minor International Public Company Limited (MINT), has acquired majority ownership of Siem Reap-based Sothea Boutique Resort to strengthen MINT’s presence in Southeast Asia. After the $6.4 million deal, the Sothea Resort will be rebranded ...

Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. During the January-July period this year, Vietnam ...

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

A 20-story retail and office building development opposite Phnom Penh’s Freedom Park by U.K.-based Hongkong Land Ltd. (HKL) is being built without pre-existing rental agreements, the company’s general manager, Daniel Parkes, said Thursday. Land Management Minister Im Chhun Lim last Friday hosted the groundbreaking of the ...

Union workers and leaders appeared divided yesterday on the question of whether to support the opposition party’s planned three-day demonstration at Freedom Park. Campaign promises from the Cambodia National Rescue Party to raise minimum monthly salaries to $150 seemed to have struck a chord with garment ...

Five Southeast Asian countries, Cambodia, Laos, Myanmar, Thailand and Viet Nam, are targeting a double-digit growth rate of international visitors annually by 2015 under the theme “Five Countries – One Destination”, according to Hoang Tuan Anh, Viet Nam’s Minister of Culture, Sport and Tourism. In a ...

There were 509,050 Cambodians traveling abroad in the first seven months of 2013, an increase of 11.9 percent compared to the 455,017 travelers over the same period last year, according to a report by the Ministry of Tourism. Most of them visited Thailand, Vietnam, Singapore, Malaysia ...

A joint committee designed to bring about wage increases in the garment sector will meet for the first time on Friday, a Ministry of Social Affairs letter obtained yesterday states. Ath Thorn, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said he believed ...

Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...

Apsara Authority officials on Tuesday began moving to their new offices far outside of Siem Reap onto land within the Angkor Archaeological Park as part of a swap with the city’s provincial government, officials said. The move comes after Prime Minister Hun Sen ordered Siem Reap’s ...

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

While New Zealand dairy giant Fonterra is working overtime to restore its damaged brand in the wake of a contaminated baby milk scare that triggered a global recall, local distributors whose products included the suspect ingredient are defending their own reputations. Local supplier Dumex Cambodia ...

Cambodia’s General Department of Taxation said Monday it had collected 606 million U.S. dollars of tax [sic] in the first eight months of the year, up 17 percent compared with the same period last year. The revenue came from tax on profit, withholding tax, tax on ...

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial bank in Cambodia, signed a memorandum of understanding with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, for the issuance of JCB cards in Cambodia. A ceremony to commemorate the milestone moment was held ...

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said ...

The European Centre for Disease Prevention and Control announced on Thursday that there has been a strange increase in the number of cases of paratyphoid A fever from travelers returning from Cambodia. Since March 2013, there have been 34 cases of paratyphoid A fever reported from ...

Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...

The head of a construction firm that was involved in a massive land swap with Siem Reap’s provincial government in 2010 defended the deal on Friday saying orders for the move of government offices and civil servants—which is now being reversed—came directly from the national ...

Labor activists at the bi-annual Buyers Forum in Phnom Penh on Thursday said that short-term contracts in Cambodia’s garment industry were fueling the high number of strikes affecting the industry. “Most of [the disputes] are over dismissals or dismissals of union leaders and the reason why ...

Siem Reap’s provincial government apparatus, which in 2010 was relocated to a remote site 16 km outside of the city as part of an extensive and hugely controversial swap of government land and buildings, is moving back to its old home in the tourist city’s ...