News

A leading global provider of financial services technology solutions, today announced that ACLEDA Bank Plc. (ACLEDA), the largest bank in Cambodia, has extended its ACLEDA Unity mobile banking and payments service to new, untapped consumer segments using Mobiliti Reach™ from Fiserv. The bank, which has ...

Even as its controversial Xayaburi Dam project is still drawing protest from Mekong river downstream countries such as Cambodia, Laos has inked a deal with South Korean firms to build and operate another large hydropower plant on the Mekong River network. According to the Phnom Penh ...

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

Siam Cement PCL’s (SCC.TH) third-quarter net profit fell 13% as higher expenses and cost of sales weighed, but the fall in earnings at Thailand’s largest industrial conglomerate by revenue was in line with analysts’ expectations. Despite the profit decline, the conglomerate said before Wednesday’s earnings statement ...

H&M workers in Cambodia are only paid 3 kronor ($0.45) an hour, forcing many into debt to feed their families, according to a report on the TV4 documentary Kalla Fakta (The Cold Facts) Many textile workers therefore borrow money for food, leading to considerable debts with ...

Onyx Hospitality Group is looking to expand its portfolio to the “CLMV” countries of Cambodia, Myanmar, Laos and Vietnam, as well as to Malaysia, as it positions itself to reap the benefits of upcoming Asean economic integration The Thailand-based hotel group, whose goal is to become ...

Cambodian migrant workers in Thailand, Japan, Malaysia and Korea have sent home an average of US$360 million a year in remittances, according to Seng Sakada, general director of Ministry of Labor and Vocational Training. Overseas Cambodian migrants mainly work in the fields of housework, construction, factories ...

The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...

FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...

China’s rising wages and shrinking export demand are forcing manufacturers to relocate to neighbouring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said Buyers have “turned their eyes to manufacturers from Southeast Asian countries”, ...

Cambodia reported a trade deficit of 33% in equivalent to US$1.99-B in the 1st 9 months of this year, the report of the Ministry of Commerce showed Saturday ...

U.S. President Barack Obama, South Korean President Lee Myung-bak, Chinese Premier Wen Jiabao and Japanese Prime Minister Yoshihiko Noda have already confirmed their participation in the 21st ASEAN Summit and related Summits here on Nov. 15-20, said Cambodia’s Foreign Minister Hor Namhong on Monday. ...

AHAVA Dead Sea Laboratories is expanding its international activity Dead Sea products to be sold in Poland, Italy, Switzerland, Korea, Greece, Denmark and Cambodia. Company CEO expects 10% growth in sales in coming year “In Phnom Penh, the Cambodian capital, we are operating through a franchisee’s store, ...

Cambodia has exported garment and textile products in equivalent to 3.54 billion U.S. dollars in the first eight months of 2012, a 11 percent rise from 3.19 billion U.S. dollars at the same period last year, a report from the Commerce Ministry showed Friday According to ...

The Mekong River Commission has released a comprehensive risk analysis of the transport of dangerous goods and issued recommendations to prevent oil spills, industrial waste and other emerging threats from navigation. Developed by the MRC Navigation Programme in Phnom Penh, the risk analysis finds that the ...

Cambodia may set up a consulate in Xiamen in the near future, and the Cambodian port city of Kampot is expected to establish sister city relationship with Xiamen, reported Haixi Morning News on Wednesday. Cham Prasidh, Cambodian Minister of State and Minister of Trade and Commerce, ...

China and Cambodia agreed on Thursday to further advance their comprehensive relations of strategic cooperation and partnership in accordance with the will of late Cambodian King-Father Norodom Sihanouk. Cambodian Prime Minister Hun Sen told visiting Chinese State Councillor Dai Bingguo on Thursday morning that Cambodia “will ...

THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...

The Cambodian government says reports that it is planning to build a nuclear power plant are untrue. Cambodia denies it plans to build a nuclear power plant (Credit: ABC) A report originating in the Bangkok Post newspaper has been replicated internationally. It says the Prime Minister Hun ...

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government’s property cooling measures TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia “China has big ...

Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast ...

A lot of Japanese companies have been making inquiries about investing in Cambodia. And a good number of them are companies who are considering relocating from China. This was revealed by Phnom Penh Special Economic Zone manager Hiroshi Uematsu in the Japanese newspaper Asahi Shimbun. Recent ...

Anti-nuclear activists have called on the Thai government to clarify its involvement in Cambodia’s controversial plan to construct a nuclear power plant in the border province of Koh Kong. The activists doubted Phnom Penh’s capacity to single-handedly build and manage such a vast and risky project. Santi ...

The future remains uncertain for many Cambodian workers seeking jobs in Thailand. Most feel the process of gaining employment in the country is akin to playing the lottery, with exploitation in the job placement industry rife, and legal protection scarce ...