News

Less than two months after opening a $60 million brewery on the outskirts of Phnom Penh, Cambodia Beer will be exported for the first time today when vessels carrying the beer set out for Japan from Sihanoukville Autonomous Port, according to a statement issued yesterday ...

A Cambodian-flagged cargo ship was used last year to deliver four missile-launching vehicles to North Korea in violation of a U.N. Security Council resolution that prohibits the sale of weapons to Pyongyang, according to media reports. The 84-meter long “Harmony Wish,” which flies a so-called Cambodian ...

The five-day Cambodia Gems & Jewelry Fair (CGJF) will kick off on June 14 at the Diamond Island (Koh Pich) Exhibition Centre and will be hosted by the Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair Ltd. the CGJF has attracted companies ...

“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And ...

Inside a mini-mart near Phnom Penh’s Olympic stadium, the shelves holding the beer for sale have a more Cambodian feel to them these days. While imported brand like Thailand’s Singha and Japan’s Asahi, used to take up valuable retail real estate, now homegrown brands like Angkor ...

Foreign Affairs Minister Hor Namhong will travel to the U.S. on Saturday to hold separate discussions with Secretary of State Hillary Clinton and Senator Jim Webb, chairman of the subcommittee on East Asia and Pacific Affairs, the government said in a statement. Mr. Namhong’s visit comes ...

The number of visitors to Cambodia increased 27 percent to 1.27 million people in the first four months of the year compared to the same period last year, according to figures released yesterday by the Ministry of Tourism. Kong Sopheareak, director of the tourism statistics department, ...

The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross-border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura. He said the CGIF will fill in ...

Japan, the most experienced country in the industrial sector, has cooperated with Cambodia, aiming at enhancing Cambodia’s industrial policy better to attract more investments, especially the Japanese investors who have kept an eye out on Cambodia over the last several years. The workshop under the theme: Towards the Cambodia’s Industrial Policy, was conducted On April ...

The lifting of EU sanctions against Myanmar is bound to have an impact on the Cambodian garment sector, Cambodia Sin Chew Daily reported on Thursday. The European Union announced earlier this week that it was lifting sanctions against the country. Japan and Canada have made similar announcements since the end of last week. ...

Telecom Cambodia, one of three state-owned enterprises with plans to list on Cambodia’s stock exchange, saw revenues decline by 3 percent to $31 million last year, an official at the company said yesterday. Lao Saroeun, director general of Telecom Cambodia, said that revenues at the company ...

Prime Minister Hun Sen on Friday urged the economic leaders of the Asean bloc to go through with a plan to double a bailout pool, funded largely by China, Japan and South Korea, to prevent future financial crises in the region. Opening the Asean Finance ...

The Japanese Embassy in Phnom Penh appealed to the Cambodian government Tuesday to help encourage Japanese investment here by providing corporate tax holidays and reducing notoriously high customs tariffs by adopting more transparent and efficient practices. According to a set of requests prepared by the ...

Japanese Ambassador Masafumi Kuroki yesterday said he hoped the government arrests the gunman behind the Feb. 20 triple shooting of protesting workers in Svay Rieng province, and that safety must be ensured for investors in the special economic zone (SEZ) where the incident took place. ...

In April 2010, Kampot Pepper and Kompong Speu palm sugar both gained a geographical indication (GI) from the Ministry of Commerce that recognized their unique qualities and protected their name. But while Kampot pepper producers export almost all of their 17-ton annual production at high ...

Japan’s second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a representative office in Phnom Penh on Friday. The office would serve as an information centre for potential investors and hoped to attract more Japanese companies, Masato Miyachi, general manager of the bank’s Asia and China division, ...

Plans for a 5,000-hectare banana farming project in Koh Kong province, proposed last year by an Australian and a Japanese company, look set to go ahead, with state news agency Agence Kampuchea Presse (AKP) yesterday reporting that the project would cost $50 million. Last Friday, the ...

About 177,000 Cambodian men and women were working abroad as of the end of 2010, and about $180 million was remitted to Cambodia from 126,000 migrant workers in Thailand, Malaysia, Japan and South Korea last year, according to a letter written by Prime Minister Hun ...

The Mekong River Commission (MRC) agreed yesterday to delay a decision on Laos’ proposal to build the first hydropower dam on the Lower Mekong River in order to allow Japan to conduct further environmental impact studies on the dam project. Although Cambodian officials welcomed the outcome, ...

A Japan energy company yesterday said it planned to build a rice mill fuelled by rice husks in Cambodia’s Takeo province. New Energy and Industrial Technology Development Organization yesterday signed a memorandum of understanding with the Kingdom’s Ministry of Industry, Mines and Energy (MIME) confirming cooperation ...

Sonatra Microfinance Institution, a joint investment between local and foreign investors, officially started operations in Cambodia yesterday. A US$50 million loan package was signed during the ceremony on Thursday, providing Singapore-based EastWing Group and Japanese firm Grand Cooperation with a 30 per cent stake of the ...

As tens of thousands of families continue to struggle with ongoing flooding, delays are still hampering the provision of overseas aid, with some donors holding back on distributing funds. China flew in two planes, laden with supplies worth $8 million, over the weekend and the South ...

As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...

A Chinese animal feed mill officially opened at the Phnom Penh Special Economic Zone (PPSEZ) on Aug 28. It is the first animal feed mill from China and the fifth animal feed factory to operate in Cambodia Cambodia has strongly depended on the imports for animal ...