News

The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism. The agreement was inked yesterday by Tourism Minister Thong Khon and Franck Firmin Guion, the president of Adventure Line Product-ions (ALP). The plan ...

NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...

The sugar palm is a national symbol for Cambodia. Harvested by the country’s poor for centuries, no part of the palm tree goes to waste in a process that fashions the tree into a range of products. The durable and strong leaves are weaved into ...

Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...

Mong Reththy Group (MRG) will begin construction on a US$16 million crude palm oil refinery next month in Preah Sihanouk province, where several thousand hectares of palm trees are grown, insiders said yesterday. Mong Reththy, president of the eponymous firm, told the Post that his company ...

Cambodia milled rice exports reached 49,815 tonnes in the first two months of this year, an increase of 106 per cent from the same period last year. Jasmine rice was the biggest part of the exports, followed by long grain white rice, data from the ...

Since mid-January a group of illegally laid off Cambodian garment workers – mostly women – have been picketing the factory they worked in. Their objective was to stop the company, which closed down, owing the workers, collectively, about US$200,000 of unpaid wages, from removing the ...

With a new Chinese-built container port on the Mekong River in Kandal province now operational, the existing port in Phnom Penh is undergoing renovations to shift its focus to the growing number of cruise ships docking in the capital, an official said yesterday. Eang Veng ...

Exports of Cambodian milled rice rose sharply during the first four weeks of this year, and traders are optimistic about the demand in Asian markets, particularly China. Figures from the one-stop service office at the Council for the Development of Cambodia (CDC) show the Kingdom exported ...

With the launch of daily scheduled services, Qatar Airways becomes the only Middle Eastern airline flying to the South East Asian nation – and destination number 125 served worldwide. Guests gathered at Phonm Penh International Airport in celebration of the new air link, connecting Cambodia ...

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...

Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. Exporters say their performance was weak last year, mirroring the country’s overall decline in rice exports, which plunged ...

American business group Akra, led by Cambodian-born former US ambassador to the United Nations, Sichan Siv, has signed an agreement with a rice mill under a new co-operative structure it says puts ownership and profits back in to the hands of Cambodian producers. Akra’s managing director ...

When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...

Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...

Cambodian Tourism Minister H.E. Dr. Thong Khon said: Cambodia, Laos and Myanmar had gained high growth of tourist arrival in 2012 for Asean region. “Cambodia is continuing its work including promotion to the outside world to attract tourists to see the country.” he said this week. ...

Import duties and limits, as well as rising wages in neighbouring countries, made Cambodia the second largest exporter of bicycles to the European Union after Taiwan, an industry newsletter reports. According to Bike-EU.com, which quoted data from Eurostat, Cambodia exported 519,389 units to EU countries between ...

The government has publicly issued lists showing the costs of fees that businesses must pay to authorities for various services, in an effort to help companies avoid making informal payments made illegal by the anticorruption law. The lists were drafted during the past year after Cambodia ...

Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...

European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday. According to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs ...

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor ...

The exports of garments and textiles from Southeast Asian nation of Cambodia grew to US$ 4.61 billion, up nine percent over total textiles and garment exports worth US$ 4.24 billion made in 2011, according to The Phnom Penh Post report. However, the rise in garment ...

China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. Those investment numbers, from the Council for the Development of Cambodia, from 1994 to 2011, do not take into ...

Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...