News

The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor ...

Anti-competitive behaviour in Cambodia’s domestic airline industry is limiting its growth, with the relevant authorities “reluctant” to open the domestic market up to competition, an aviation report found. Monopolising this market currently is the country’s flagship carrier, Cambodia Angkor Air, according to a Centre for Aviation ...

After closing the last of its 19 petrol stations in Cambodia in April 2010, Petroliam Nasional Bhd (Petronas) is again eyeing the country’s oil and gas (O&G) sector. This will see Chevron and its partners developing the country’s first offshore oil field this year. According to ...

The government has approved more than $4 billion of investment in the public sector over the next three years in a bid to stimulate economic growth, the council of ministers said in a statement obtained yesterday. “The rolling plan will focus om four main sectors” ...

Vietnam urged Laos to halt construction of a $3.5 billion hydropower dam pending further study, environmental activists said on Friday after a meeting of the Mekong River Commission. The activists said Cambodia, also downriver from the Xayaburi dam, accused Laos during heated discussions on Wednesday and ...

The Kompong Thom Provincial Court yesterday charged two men with illegally logging 65 pieces of rosewood, the courts director Pen Sarat, said. Provincial police said the two 19 year old men were arrested Saturday morning while transporting about 1 105 kg of rosewood in Prasat ...

Officials of the Garment Manufacturers Association in Cambodia (GMAC) are concerned that recent strikes could delay delivery to customers, and factories are looking for solutions to meet buyers’ demands. About 10,000 workers in seven or eight garment factories have gone on strike recently demanding higher wages ...

The Anti-Corruption Unit (ACU) has arrested two employees of a local company linked to a British biofuel firm currently under investigation by the U.K.’s Serious Fraud Office (SFO), an official said Friday. ACU President Om Yentieng said that International Green Energy (IGE) director Oum Sam­nang, and ...

More than 8,000 hectares of land was cut from economic and forest land concessions owned by some of the country’s biggest tycoons and awarded to villagers last month, according to documents from the Council of Ministers. Four sub-decrees signed by Prime Minister Hun Sen order that ...

Cambodian and Thai officials are having trouble resolving tensions over border checkpoints in Oddar Meanchey, Cambodian authorities said yesterday. Following a verbal request from Thai border police that their Cambodian counterparts rejected last week, Thai officers submitted a letter last Friday asking Cambodian authorities to move ...

Factory workers complain that their low salaries are not keeping track with the price of goods and services. Phoeun Sreyleak, 20, said she gets $70 a month including bonuses for health care and rent. “My basic wage is only $58,” she said. “My friend gets 2,000 riel ...

Representatives of the ten ASEAN nations met on Sunday in Laos’ capital of Vientiane to launch the ASEAN Tourism Forum (ATF), where they pledged to expand tourism cooperation and discussed creating a pan-ASEAN tourist visa. The ATF, which was first held in 1981, is designed to ...

Cambodia’s inflation rate decelerated to 3 percent last year, down from 4.9 percent in a year earlier, Governor of the National Bank of Cambodia (NBC) Chea Chanto said Saturday. “This is a remarkable drop and the 3-percent rate last year is low and controllable,” he said ...

Cambodia recorded a 17 percent rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21 percent due to declining rubber prices in the international market, the government’s statistics showed Friday. The country had exported 54,530 tons of rubber latex ...

The exports of garments and textiles from Southeast Asian nation of Cambodia grew to US$ 4.61 billion, up nine percent over total textiles and garment exports worth US$ 4.24 billion made in 2011, according to The Phnom Penh Post report. However, the rise in garment ...

Khmer Resources Investment, which is backed by the Cambodian government, aims to list in Hong Kong within two years, chairman Cao Yunde said. “We intend to leverage the capital market of Hong Kong to finance our growth through a public listing so as to maximise the ...

Transport Ministers of Viet Nam, Laos and Cambodia signed a Memorandum of Understanding (MoU) to accelerate road transport cooperation. It will facilitate the transportation of goods and passengers among the three countries, including via sea ports, and boost socio-economic development in each country, especially the ...

After pounding on her chest and demanding a pig’s head, fruits and flowers to be offered to the angry spirit that she believed had taken over her body, garment worker Srey Mom collapsed on the floor of the Global Factory in Kandal province’s Ang Snuol ...

Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...

Laos yesterday defended its decision to begin building the Xayaburi dam amid criticism from Cambodia on a lively final day of the Mekong River Commission’s annual council meeting in Luang Prabang, Laos. According to separate sources who attended, Cambodia spoke out against Laos for “misinterpreting” the ...

A prolonged court case between two French investors in Siem Reap’s landmark Victoria Angkor hotel is at a standstill after auditors ordered by the Supreme Court to examine the hotel’s finances were denied access to the books this week. In a dispute that goes back to ...

Phnom Penh Municipal Court yesterday sentenced 28 people – including several government officials – to between two and five years in jail on charges of clearing state-protected flooded mangrove forest in Kampong Thom province in July of 2012. Presiding Judge Keo Mony said that Cheath Sivutha, ...

One hot day in June, 2009, Ven Samin, a member of the ethnic Suoy minority in Kampong Speu province, grabbed her digital camera and headed out of the house. The 44-year-old arrived at a collection of damaged rice paddies in Oral district and began taking photos. ...