សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម

Acleda Bank, a leading commercial bank in Cambodia, on Monday signed a Memorandum of Understanding with UnionPay International on payment services for mutual benefits, according to the bank’s statement. Xu Luode, president of China UnionPay and vice-chairman of UnionPay International, said currently, UnionPay cards reached ...

Cambodia saw a 1.7 per cent rise in inflation in February compared with the same month the previous year. Prices of food and fuel rose, according to official data from the National Institute of Statistics (NIS). “The increase for all index group of a 1.7 per ...

Internet search giant Google on Friday launched a new service that for the first time allows users to instantly translate Khmer script into other languages. Khmer is the most recent addition to the 66-strong collection of languages between which words, sentences or whole websites can be ...

In order to boost the Kingdom’s trade performance and improve the quality of lives of farmers along the Thai-Cambodia border, Thailand has agreed to remove import restrictions on Cambodian cassava and maize. Speaking to reporters after the forth meeting of the Joint Trade Committee between Cambodia ...

Hundreds of indigenous minorities in Ratanakkiri province are being made worse off by Prime Minister Hun Sen’s land-titling scheme which, rather than securing their property rights, is contributing to the loss of their ancestral lands, according to a new report. The report supports complaints aired since ...

Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ...

The commerce affairs office in northeastern Surin has reported robust trade along the Thai-Cambodian border despite unresolved Phra Viharn [Preah Vihear] temple dispute. Mr. Sitthiporn Bangkeaw from the Office of Commerce Affairs Surin revealed that even though the International Court of Justice (ICJ)’s public hearings in ...

The US embassy in Phnom Penh intends to hold a webinar on doing business in Cambodia, providing information on the benefits and challenges of working in the country for US firms. “This is the first webinar that will focus on investment opportunities and an overview of  ...

The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ...

Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...

Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ...

Cambodian garment exports are expected to grow in 2013 with the increasing foreign investments along with focus on new market including Japan and China, according to the Garment Manufactures Association of Cambodia (GMAC). In 2012, apparel exports of Cambodia grew nine percent to US$ 4.61 ...

Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the ...

Cambodia’s Angkor Wat temples, one of the world heritage sites, received 694,700 foreign tourists in the first quarter of this year, a 8 percent rise from the same period last year, the statistics of Siem Reap provincial tourism department showed Friday. The top three countries visiting ...

The Bank of China is going to expand its business operations in Cambodia after it was launched here two years ago and seen rapid business growth, Zhu Shuming, visiting deputy governor of Bank of China, said Friday. Speaking at a meeting with Chea Chanto, governor of ...

Despite steady economic growth in recent years, Cambodia remains one of the least-developed countries in the Asia-Pacific region and faces the challenge of diversifying its economy and moving up the production value chain, the U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) ...

As rising economic growth spurred demand for personal loans, Prasac, Cambodia’s biggest microfinance institution (MFI), provided $106 million in loans between March, 2012 and March, 2013, an increase of 66 per cent compared with the corresponding period a year earlier.  “Loans [were] mainly used for service ...

The Kep-Kompot Salt Producers Community says salt production fell nearly 50 per cent below forecasts because of early rainfall, which is assumed to end salt harvesting for the year. Prime Minister Hun Sen, however, has stepped in to ensure that price remains stable. Hun Sen ...

A subsidiary of Indian firm Mesco Steel has arrived in Cambodia to begin developing a gold mine in Ratanakkiri province, according to an investor involved in the deal. Mesco Gold has paid a fee of $1.2 million to Canada-listed exploration firm Angkor Gold to develop a ...

A bribery investigation by the World Bank has discovered misconduct by a major Canadian construction firm that was awarded a $5 million contract to help expand access to electricity in rural Cambodia, the bank said. In December 2009, SNC-Lavalin announced that it has been awarded ...

កាលពី​ថ្ងៃ​ព្រហស្បតិ៍​ យោង​តាម​មន្ត្រី​ផ្សា​រមូល​ប​ត្រ​កម្ពុជា​ ក្រុមហ៊ុន​ផ្សា​រមូល​ប​ត្រ​កម្ពុជា​ (​ផ​មក​)​ ត្រូវ​បាន​សម្លឹង​ឃើញ​ពី​កា​រវិ​វត្ត​យឺត​នៅ​ក្នុង​ប្រតិបត្តិការ​ឆ្នាំ​ទី​១​ ដោយសារ​មាន​តែ​ក្រុមហ៊ុន​ដែល​បាន​ចុះបញ្ជី​តែ​មួយ ...

Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross do­mestic product (GDP) growth for 2012 ...

When the owner of Kingsland garment factory fled the Kingdom last year, enough pressure was applied to its sourcing companies H&M and Walmart to persuade them through their intermediaries to compensate workers left jobless. Distance could no longer absolve them of responsibility. Just like the Kingsland ...

As this year’s pepper harvest gets under way, farmers in Kompong Cham province are expecting lower yields due to severe hot weather in recent months. Yin Sopha, executive director of the Dar Memot Development Agriculture Pepper Cooperative, said the hot weather and lack of rain ...