Economy and commerce

TK Garment Co Ltd, a leading Thai original equipment manufacturer for fashion lines in Thailand, is relocating its largest production site to Cambodia to escape high wage costs, the Bangkok Post reported yesterday. According to Ken Loo, secretary general of the Garment Manufacturers Association in ...

The Commerce Minister said yesterday that China is a potential market for Cambodia’s garment exports and some other agricultural products while the traditional big markets of Europe and the United States are experiencing an economic slowdown. Cham Prasidh said at the sidelines of the Cambodia-China Trade ...

It was only in July this year when German-owned internet start-up incubator Rocket Internet launched shop.com.kh in Cambodia, an online retail store selling electronics such as mobile phones, laptops and tablets. Rocket Internet Cambodia co-founder Karl Seilern told the Post in July that the country’s growth ...

About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...

PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...

The Cambodian National Rescue Party is making a strategic shift in its bid to win the next election: focusing less on traditional hot-button issues like government corruption and territorial disputes, and instead offering voters a series of concrete new policy initiatives. This required clear and ...

WASHINGTON DC – Seven opposition lawmakers say they have found new ways to reduce the national debt and are requesting that the National Assembly’s finance committee meet with them before drafting the 2013 national budget. The lawmakers, from the Sam Rainsy and Human Rights parties, say ...

Three New Zealand companies will leave their mark on Kids City, a massive new family entertainment complex in Cambodia offering 7000 square metres of indoor activities, shops, cafes and an ice skating rink on the top floor. When it opens in March, visitors to the 12-story ...

The Garment Manufacturer’s Association in Cambodia (GMAC) signed a $3.5 million loan agreement with French international development agency Agence Francaise de Development (AFD) yesterday to build Cambodia’s first garment sector training school. The school will train Cambodia’s unskilled garment workers and other Cambodians who wish to ...

When the government decided to raise the daily minimum wage to 300 baht nationwide, labour-intensive industries knew sunset was descending on their businesses. As a leading original equipment manufacturer (OEM) for popular clothes lines in Thailand, the company is relocating its largest production site to ...

Cambodia’s nascent life insurance market grew slightly after Manulife Cambodia launched the Manulife Savings Protector yesterday. Combining savings and protection, it will provide life protection for 10 or 15 years to create an estate for relatives in case of untimely death and offer benefits from ...

Cambodian Prime Minister Hun Sen expects the country to attract more Japanese tourists and investors to help improve the country tourism and economy. The PM said last week he was encouraging more Japanese investors and tourists by heightening bilateral ties. “Japan and Cambodia are known for having ...

Myanmar Airways International (MAI) has resumed flights between Yangon and Phnom Penh after a four-month suspension due to low demand. The MAI flight landed at Phnom Penh International Airport at 7:15pm on Saturday. MAI country manager Ye Jhan  told a press conference to cover the flight’s arrival ...

Less developed countries should promote domestic software development that meets local needs and capabilities, bringing development gains, a United Nations Conference on Trade and Development (UNCTAD) report published last week says. Locally developed software is more likely to fit the culture, context and language where it ...

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 ...

Cable Thai Holdings (CTH) says it is in talks with leading cable-TV operators and private broadcasters in Cambodia and Laos to grant sub-licence rights to broadcast the English Premier League for three seasons beginning in 2013-14. CTH is a group of more than 300 cable-TV operators ...

Cambodia’s inflation rate is expected to be less than 3 percent in 2012 thanks to stable food prices, Prime Minister Hun Sen said Friday. “This year, the inflation will be less than 3 percent, it is low and good if compared to 5.5 percent rate last ...

Airports of Thailand (AOT) regards possible co-operation with Myanmar’s Airport Authority as a first step for engaging in airport operations and investment in Laos and Cambodia, the Bangkok Post reported AOT’s acting president, Somchai Sawas-deepon, as saying. ...

Provincial authorities have reported an influx of people from Phnom Penh to the provinces over the three-day Water Festival celebration, while vendors who set up shops on Koh Pich in the capital during the holiday said that they had barely broken even. This year saw ...

Aeon Thana Sinsap (Thailand) plans aggressive business expansion both here and in neighbouring countries. The leading Japanese non-bank company is using Thailand as a centre to expand its businesses in other Asean countries. Aeon Thana Sinsap plans to offer more financial services in Cambodia, Vietnam, Laos and ...

Three projects of the six satellite cities around Phnom Penh that were originally approved by the government have been “significantly” developed, according to officials of the Ministry of Land Management, Urban Planning and Construction. Lao Tepseiha, deputy director of the construction department of the Ministry ...

Cambodia’s total rubber latex exports rose by 12 per cent in the first nine months of this year, according to new figures. However, revenues from the exports saw a dramatic 27 per cent decrease due to a fall in rubber prices in the international market, ...

PTT, Thailand’s largest oil and gas conglomerate said it plans to conduct a feasibility study on petrochemical and oil refinery projects in three ASEAN countries – Cambodia, Indonesia and Myanmar, according to Dow Jones Newswires. Pailin Chuchottaworn, PTT chief executive said, however, that Indonesia and Myanmar ...

Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...