សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម

Despite authorities turning a blind eye to their villages for more than 15 years, about 2,000 families living near Preah Sihanouk province’s Kbal Chhay waterfall face imminent eviction to make way for a clean-water processing plant, officials said yesterday. Prime Minister Hun Sen’s recent bold move ...

Samdech Prime Minister Hun Sen on June 14 ordered line ministries to distribute land to landless and real poor people to contribute to strengthening social equity system in the kingdom. “Landless and real poor people will get a plot of land with land titles according to the obvious situation,” Premier said in the launching ceremony ...

Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...

Patrick Devillers, the French national and associate of disgraced Chinese politician Bo Xilai, seemed to be putting down roots in Cambodia. The architect – whose shadowy presence has been on the fringes of one of modern China’s largest political scandals – owned land and a restaurant ...

The filling of Boeng Kak lake and the eviction of thousands of residents was necessary to root out the “prostitutes and terrorists” that were drawn to the area’s once-popular tourist zone, the Phnom Penh Municipality said in a statement yesterday. In a statement posted to its ...

The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...

Less than a week after Prime Minister Hun Sen called for land to be returned to villagers embroiled in land disputes, a Pursat province villager has been summonsed by the court in a scenario many see as all too common in these disputes. Kuch Veng, a ...

The Overseas Cambodia Investment Corporation (OCIC) is planning to develop a 400-unit apartment complex on the former site of the Ratanakkiri provincial airport, an official with knowledge of the project said yesterday. Ly Teang, Banlung City branch manager for Canadia Bank, whore investors are the ...

  Cambodian Prime Minister Hun Sen told the Group of 20 summit in Mexico that international financial architecture could not be sustained without reforms, sources said. Speaking in his capacity as Asean chairman, Hun Sen said the association supported any measures to reinforce financial stability ...

Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...

Cambodian Foreign Minister Hor Namhong met with Senator Jim Webb, of Virginia, this week, to discuss how Cambodia might be forgiven war-era debt to the US or find a better way to pay it off. Cambodia owes nearly $450 million on pre-Khmer Rouge borrowing. ...

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 ...

The owner of a site in Phnom Penh where a 19th century French colonial building was demolished last week said yesterday she does not have enough money to follow through on plans to build a replica in its place. Kang Gheck Nai said it had always ...

“Vespa was in Cambodia before the war [and] Piaggio wanted to come back to the market in Cambodia, because the market is growing,” explained Frederic Bachelet, head of business development at Narita Vespa Co. Ltd. The company plans to break ground next week on ...

A technology called “Super Wi-Fi” that uses the frequency spectrum between television channels called “white spaces” could be a game-changing force in how people connect to the internet, especially in places like Cambodia. The technology, which requires specialised equipment costing about US$2,000 for a base station ...

Women’s economic roles in Cambodia have made slower progress than in many other countries in the Asia-Pacific region, World Bank economists said yesterday. The region as a whole has seen tremendous gains in the way of gender equality during the past 20 years, but increasing wages ...

Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...

This week the price of Phnom Penh Water Supply Authority Stock dropped continually from KHR 7,000 (US$1.72) on June 7 until it stopped and stayed at KHR 6,8oo (US$1.67) from June 11 to June 13. On June 13, the stock’s price at the market’s opening and ...

Cambodia plans to be gem and jewelry market supply in Southeast Asia region, commerce minister said at the fourth Cambodia gems and jewelry fair 2012 at Koh Pich (Diamond Island Center) on June 14. He adds: Ministry of Commerce is continuing its efforts to monitor and ...

CIMB Bank plc, which aims to be among the top 10 banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end. Its deputy general manager and head of commercial banking ...

Stevia Nutra Corporation, a Canadian agro-business company, has announced its decision to grow stevia in Cambodia’s Kampong Speu province. The company will grow the plant, whose leaves are used as a sweetener or sugar substitute, on just over 20 hectares of land close to Phnom Penh. Stevia Nutra has incorporated Mighty MekongAgro Industries Co. Ltd, ...

Near the river in Phnom Penh and next to Diamond Island, there’s a huge, bunker-like building that is almost always a beehive of activity. Inside, there are people enjoying an evening concert or strolling around studying the decor, including large stone faces of the Buddha. Others, however, are occupied with more mundane matters-placing ...

The growth prospects of the Cambodian economy in 2012 remain moderate, as has been expected. Cambodia’s real Gross Domestic Product (GOP) is estimated to grow at a rate of 6.2 percent year-on-year, which is unchanged from our estimation at the beginning of this year. Persistently weaker demand in the European and US markets remain the ...

Cathay United Bank, the banking arm of Cathay Financial Holding Co., has agreed to acquire a 70 percent stake in a Cambodia bank, the financial holding company said Thursday. With the acquisition, Cathay United Bank will become the largest shareholder in Singapore Banking Corp. Ltd. (SBC Bank), while the original Singaporean investors will retain the remaining ...