Member economies of the Asia-Pacific Economic Cooperation forum (APEC) are striving to forge a regional free trade facility to be known as FTAAP (Free Trade Area of Asia-Pacific) AFTA (ASEAN Free Trade Area) – signed in January of 1992, it covers all 10 ASEAN members of ...

CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed AT improving service and cost efficiency as a part of the CIMB Group’s regional strATegy. Executive vice-president Dusanee KlewpATinontha said Cambodia has ...

Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...

The new function building at Diamond Island known as Koh Pich City Hall will host the ASEAN Foreign Minister’s dinner on July 12. Completed in March and opened last month, construction of the lavishly furnished venue was timed to coincide with Cambodia’s chairmanship of ASEAN this ...

For six hours yesterday at the Khmer Rouge tribunal, Sar Kimlomouth, who served as deputy director general of the state bank, consistently downplayed both his level of authority within the department and his ability to recall information from so long ago. Throughout the day’s proceedings, lawyers ...

Five of the eight villagers arrested during a bloody crackdown last month on what the government alleged was a secessionist movement in Kratie province are out on bail. Chuk Nguon, an investigating judge at Kratie Provincial court, said five menwere released on May 31 because ...

Over 300 Buddhist monks and Cambodian residents who live along Mekong River in Kampong Cham province, about 120km from Phnom Penh, gathered in the provincial town to demand for Laos to halt the construction of Xayaburi dam. “We want the Lao government to stop the construction of Xayaburi dam because it will affect the ...

The Siem Reap Provincial Court charged the director of a recruitment agency with fraud for allegedly taking money from victims in exchange for promising jobs in the U.S., a court official said yesterday. “Bich Bunara, head of the recruitment agency, was charged with fraud and another ...

Cambodia called Monday for the further deepening of ASEAN’s financial cooperation with China, Japan and South Korea. According to a paper circulating at a gathering of leaders to mark 15 years of cooperation between the 13 countries, so-called ASEAN+3 financial cooperation has “achieved many solid outcomes” ...

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 ...

More than 100 staffers protested outside a Honda NCX company in Por Sen Chey district’s Choam Chao commune yesterday because they say employees are being sacked for trying to unionise, among other grievances. Soeurn Sot, a technician at the company, said during the protest that if ...

Another witness to the fatal shootings of environmental activist Chut Wutty and military police officer In Rattana was questioned at Koh Kong Provincial Court yesterday. Bou Orn is the third employee of logging company Timbergreen – a firm Chut Wutty was investigating for alleged illegal logging ...

Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...

A week after the European Parliament issued a damning resolution on Cambodia’s human-rights situation and called for a revoking of trade privileges, the Ministry of Foreign Affairs has shot back. “It is essential for the EU parliament to study and better understand the situation before passing ...

Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...

Thai CEOs are confident that the country’s 2013 economic growth will be at least as good as last year’s level and that the automobile, information and communications technology, and financial sectors will be the star performers. The CEOs estimate that their companies’ profits this year ...

Speaking to hundreds of garment workers yesterday in Phnom Penh, Kem Sokha, deputy president of the Cambodia National Rescue Party (CNRP), appealed to those in attendance to vote for the newly formed opposition party, promising higher wages, social security and free access to schools and ...

As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this ...

Nearly 2,000 workers at the Gawon Apparel Co. garment factory in Kandal province’s Takhmao City protested in front of the factory yesterday after they were informed that they would lose pay for any days missed during the commune election, which takes place Sunday, union representatives ...

About 4,000 workers at the M&V Textile factory in Kompong Chhnang province, which supplies well-known brands such as H&M and Gap, went on strike yesterday morning to demand a pay raise, a union representative said. Meas Sokhen, a representative of the Free Trade Union, said ...