ភ្នំពេញប៉ុស្តិ៍

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

The Ministry of Rural Development yesterday called for increased investment to expand access to sanitation facilities in rural Cambodia as well as more awareness about the link between low rates of access to toilets and high rates of communicable disease. Cambodia ranked at the bottom of ...

Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...

Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...

The number of flood-related insurance claims has been fewer than expected despite the Kingdom’s worst flooding in a decade, industry insiders say. Although the floods, which began in late August, had affected large sections of the country, few claims had been made, Infinity Insurance chief executive ...

The Ministry of Justice has ordered authorities in Preah Sihanouk province to suspend enforcement of a Supreme Court verdict issued in connection with a land dispute between 70 families and an official from the Sihanoukville Autonomous Port. On October 28, the Supreme Court granted a land ...

The first garment factory in Koh Kong province is slated to open in April of next year in what insiders say is a harbinger of manufacturing along the Thai border. Thai-owned KKN Apparel had signed a contract with the Koh Kong Special Economic Zone to launch ...

Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...

About 400 villagers in Kampong Cham province’s Stung Trang district began protesting yesterday after workers from a private company attempted to clear their houses with excavators, villagers said yesterday. Residents told the Post that Long Sreng International Co Ltd had not received a government land concession ...

Advertising companies generated $73.6 million in revenue during the first nine months of the year, a 28 percent increase compared to the same period in 2010, according to data released by marketing research firm Indochina Research. Beverage and telecommunication companies led the way, spending $12.75 million ...

South Korean investors were in Phnom Penh yesterday seeking opportunities in electronics manufacturing, an industry that experts have said could represent the next stage of growth for Cambodia’s economy. Eleven delegates from Changwon City, South Korea, a manufacturing hub in the country, met with 70 local ...

Freight shipments through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased more than 30 per cent year-on-year through October, according to official figures ...

Camcontrol revenues for the first nine months of the year hit US$7.9 million, surpassing the Ministry of Economy and Finance’s revenue goal of $6 million for the year. Kong Putheara, director of the Ministry of Commerce’s statistics department, this week said the unexpected growth came from ...

The World Trade Organisation today will conclude its first-ever review of Cambodia’s trade policies and practices and issue its concluding remarks. The trade review, which began on November 1, is the first time the Kingdom, which was the first least-developed country to fully accede to the ...

Prime Minister Hun Sen yesterday added his two cents to the ongoing debate on what Cambodia’s debt to China actually is, declaring it stands at only US$2 billion. At a ground-breaking ceremony marking the beginning of construction on Phnom Penh’s Cambodia-China Friendship Bridge, the premier rejected ...

A logistics firm and two garment manufacturers planned to list on the Cambodia Securities Exchange during the second half of 2012, underwriter Phnom Penh Securities said yesterday. The companies are the first known private businesses to confirm their intentions of listing on the Kingdom’s still-dormant bourse. Manufacturing ...

Increased fishing yields due to floods have led to an increase in rental fees for the Kingdom’s fishing lots compared to 2010, according to official data. Revenues from bidding on 52 fishing lots in Phnom Penh and four other provinces increased by US$735,000 year to date, ...

Cambodia has granted Chinese timber company Shengda Wood a 22,600-hectare timber concession in Kratie and Strung Treng provinces, officials said. The Shenzhen Stock Exchange-listed company would export wood from the 70-year concession to supply a depleted market in China, Li Jie, a management official in Sichuan, ...

Labour legislation in Cambodia is so weak and so often ignored that half the Kingdom’s children between the ages of seven and 14 participate in the workforce, the world’s largest federation of unions has told the World Trade Organisation General Council in Geneva. Children, women and ...

The government had set aside 3,000 tonnes of rice seeds to distribute to farmers whose crops were destroyed by flooding and had so far distributed 1,900 tonnes of rice to those affected by the floods in 18 provinces, the National Committee for Disaster Management said ...

The total value of approved construction projects in the Kingdom soared 97 per cent year-on-year through September, according to official figures, reaching nearly US$1 billion. The number of projects fell to 1,689 for the first nine months of 2011, down from 1,718 in the same period ...

Cambodia could borrow US$1.1 billion from other countries in 2012, 75 per cent more than this year, to help repair infrastructure damaged in flooding and support efforts to increase rice exports to one million tonnes by 2015, a senior official said yesterday. Cheam Yeap, chairman of ...

Workers at a garment factory that was temporarily shut after more than 200 women collapsed in two mass fainting incidents last week gathered yesterday at the facility in Kampong Speu province for a Buddhist ceremony intended to rid the factory of evil spirits. Pheng Songoun, a ...

Myanmar Airways International (MAI) is slated for a November 2 launch of bi-weekly flights between Phnom Penh and Myanmar’s economic hub and former capital, Yangon, Cambodian Aviation officials said yesterday. The flights – on 162-seat A320 jets – will transfer in Siem Reap before continuing on ...