News

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The German ambassador, Joachim Baron von Marschall, signed an agreement with the permanent Deputy Prime Minister Keat Chhon yesterday for €47 million ($64 million) in aid. The grant will be used for developing projects within the ministries of health, rural development and women’s affairs. ...

Amret Microfinance received a $10 million boost yesterday by a loan from German development bank KfW, according to a joint statement from the finance institutions. Chea Phalarin, chief executive officer of Amret Microfinance Institution, said yesterday that the new loan – equal to nearly double its ...

In a first for the Kingdom’s organic rice, the Cambodian Center for Study and Development in Agriculture (CEDAC), successfully exported its produce to Hong Kong earlier this month, the organisation’s top official confirmed yesterday. ...

Battambang Rice Investment Co Ltd says it has been certified as the first rice mill in Cambodia with Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP). In a statement, the company said it received confirmation of GMP and HACCP certification in a ...

The Belgian demining NGO APOPO, which is pioneering the use of mine-detecting rats in the former battlefields of Cambodia, has received funding from the German government to expand its mine-clearance work in the country. In November, the government gave the green light for APOPO to begin ...

The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...

German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...

Germany has pledged $64 million in aid donations to Cambodia for this year and next, amounting to a “substantial increase” over the past two years of official German assistance to the country, the German Embassy announced on Wednesday. Germany’s new aid package, the majority of which—$54 ...

German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...

The United States embassy in Phnom Penh contains an intelligence-gathering operation that amasses information about Cambodia, the Sydney Morning Herald reported yesterday, citing a map first published in Germany’s Der Spiegel. The Herald article referenced some 90 international surveillance sites, including ones housed in embassies in neighbouring Jakarta, Yangon, Bangkok and ...

Cambodian consumer spending on major domestic appliances such as air conditioners, refrigerators, washing machines and microwave ovens, saw a roughly 22 per cent year-on-year increase over the first six months of 2013, according to Germany-based research institute GfK. The rise comes alongside a 20 per cent ...

When Him Anna started to plant pepper crops seven years ago, she would have never thought that one day it would turn into a profitable business. Today, Anna is the chief executive officer of Bright Starling Holdings Co, which owns Starling Farm Kampot Pepper. Established ...

In January, officials broke ground on the new $4 million headquarters for the Cambodia Securities Exchange. Situated along a northern stretch of Freedom Park, a short skip from Wat Phnom, the French colonial-era building is a suitable home for the two-year-old bourse, which now operates ...

The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...

The European Chamber of Commerce (EuroCham) held its first annual general meeting Thursday at the Sofitel Hotel in Phnom Penh where a board of directors was elected and the French and German chambers merged with EuroCham in order to reinforce the interests of European companies ...

The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...

Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...

Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...

As work begins on Cambodia’s biggest dam, those advocating against its construction have warned that the region’s rush for hydropower will have a disastrous effect on millions of people who rely on the Mekong River to survive. Last month, workers began preparing an area in northeastern ...

Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...

According to the [inter]national Monetary Fund (IMF), at the end of 2011, the stock of Cambodia’s external public debt, including arrears, stood at around US 3.8 billion or 30 percent of GDP (24 percent in NPV terms). China remains the largest bilateral creditor, contributing to ...

Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...

The Mekong River Commission (MRC) will forgo an opportunity to voice opposition to the Xayaburi dam project – which member state Laos began building in November – when it meets for its annual council meeting next week. Surasak Glahan, communications officer with the MRC secretariat, confirmed ...