Investment

Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...

The Chinese-owned Global (Cambodia) Trade Development company takes over today as Phnom Penh’s new municipal bus operator, although City Hall said Tuesday that the company did not have to go through a bidding process to get the contract. The creation of a permanent public bus system ...

Prime Minister Hun Sen told business leaders and government officials Tuesday that he will not tolerate “illegal” labor strikes that harm investment, but avoided judgment on a request to withdraw ratification of a U.N. convention protecting workers’ rights to unionize. Speaking at the 17th Government-Private Sector ...

More than 20 families working on a controversial palm oil plantation in Ratanakkiri province owned by the Hoang Anh Lumphat company have filed a complaint with rights group Adhoc accusing the owners of improperly withholding one month’s pay. Lor Sophal said he and another 22 families, ...

Many small and medium companies of Japan are showing their interest in doing business in Cambodia, according to an assistant of Prime Minister Hun Sen. 99 percent of Japanese small and medium companies are interested in investing in Asia, especially in Cambodia, which is located ...

Siam Kubota Corporation Co Ltd is set to expand its business by opening subsidiaries in Cambodia and Laos as part of its preparation for the launch of the ASEAN Economic Community (AEC) in 2015. Siam Kubota has invested a total of Bt68 million in the two ...

The Malaysian Insurance Institute (MII) and the Insurance Association of Cambodia (IAC) have signed a Memorandum of Understanding (MoU) for “a bilateral collaboration to forge a beneficial business relationship to further enhance insurance knowledge and skills development for the insurance industry in Cambodia,” said a ...

Auditors from the Coca-Cola Company visited Oddar Meanchey province on Friday to investigate allegations of land grabbing against sugar plantations that supply the global drinks giant, but called off a community meeting because of a heavy police presence, an NGO said Sunday. Chun Bora of the ...

Two union representatives said that they were detained and “educated” Thursday for distributing leaflets calling on workers to participate in a nationwide strike next month. Yin Saroeun, secretary-general of the National Trade Unions Coalition, said police detained him and his colleague, Chuob Noek, at about 11 ...

Five Kompong Chhnang villagers locked in a land dispute with a company owned by the wife of Mines and Energy Minister Suy Sem, who had repeatedly tried—and failed—to file a complaint with their provincial court, were summoned for questioning at the Phnom Penh Municipal Court ...

With the 15-storey Vimean Keo Choronai Condominium close to completion, some 70 per cent of its apartments have already been sold. Vimean Keo Choronai sits in what eventually will be an expansive, leafy garden setting on National Road 1 about 600 metres from Monivong Bridge ...

NagaCorp recently announced it would invest $369 million in its latest project opposite the Buddhist Institute. The Hong Kong-listed casino operator’s latest Phnom Penh venture, Naga2,will include a casino, a hotel and a conference hall. The announcement of the investment by NagaCorp, Cambodia’s biggest casino operator, was ...

Borey River Town, a residential property development around three kilometres northeast of downtown Phnom Penh on National Road 6A has been selling well for the first two months of the year, according to Teng Rithy, the development’s general manager. Rithy said that the rate of sales ...

The International Finance Corporation’s compliance ombudsman has officially accepted a complaint filed by ethnic minority families in Ratanakkiri province against the IFC for investing in rubber plantations accused of stealing land and clearing forests. In a letter sent to the families on Monday, the ombudsman deems ...

Singaporean bakery chain BreadTalk will open up in two locations in Phnom Penh this July, the bakery’s franchisee confirmed yesterday. Ly Daline, CEO of Cham & Ly Corporation, whose company will run BreadTalk in Phnom Penh, said a rising middle class means changes in consumer ...

Vietnam and China lead the pack of foreign companies granted economic land concessions in Cambodia for agro-industrial development by a wide margin, new data released by the Ministry of Agriculture, Forestry and Fisheries show. According to the ministry’s annual report, released last month, since 1993 the ...

Expansion plans will double passenger capacity at Phnom Penh and Siem Reap airports in Cambodia, according to a local aviation official. The project will expand parking areas, terminals and all facilities at the two international airports, Khek Norinda, communications director for Cambodia Airports, said. ...

The high-ranking government officials and global clothing brand representatives who took part in a meeting in Phnom Penh on Wednesday both raised concern​s​ about the media coverage of last month’s lethal repression of a nationwide strike by garment workers and its aftermath. The meeting was called ...

Trade between Cambodia and China’s Hong Kong increased by 19 percent in 2013, thanks to good ties between China and Cambodia, Raymond Yip, assistant executive director of the Hong Kong Trade Development Council, said here Friday. The total trade value between Cambodia and Hong Kong amounted ...

While more Japanese companies are flocking to Cambodia for investments in recent years, they are more diversified, ranging from restaurants to manufacturing industries and electronics. Yoshihito Katsuo, first secretary in charge of trade at the Japanese embassy in Phnom Penh, told Kyodo News on Friday that ...

Axiata, the Malaysia-based parent company of Cambodia’s second-largest telecommunications provider, Smart, posted a rise in total revenues for 2013 to $5.5 billion. The boost represents a 4.1 per cent increase from the fourth quarter of the previous year. Driven by its Malaysian, Bangladeshi and Cambodian operations, ...

Malaysian entrepreneurs operating their businesses in Cambodia have been urged to work closely with the Cambodian government, Tan Sri Muhyiddin Yassin said. The deputy prime minister said like Malaysia, the Cambodian government has rolled out a plan to turn Cambodia into a developed country. “Apart from generating ...

Cambodian casino operator, Hong Kong-listed NagaCorp, is trying to reach deals in order to fly gamblers from Macau and mainland China to its gaming resort in Phnom Penh, according to media reports. Hong Kong media quoted NagaCorp chief financial officer, Philip Lee Wai Tuck, as ...

Most tuk-tuk drivers have to continuously vie with each other to attract tourists’ attention, but Oung Hour gets it without even trying. As he stands on the sidewalk near the riverside, groups of tourists point at his bright mustard-yellow tuk-tuk, its smooth fiberglass body shaped like ...