In debt, out of work

They save for months, borrowing from family and friends, even taking out loans, to pour as much as a year’s worth of earnings into the hands of recruiters that may have no intention and certainly have no guarantee of procuring overseas employment. Recruitment agencies, several of ...

Laignee Barron and Phak Seangly

Cambodia exports 120,291 tons rice January-April, 2014; up 1.5% from last year

Cambodia exported about 120,291 tons of rice in first four months of calendar year 2014, up about 1.5% from about 118,504 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...

Oryza News Staff

Aeon reports record revenue amid ASEAN expansion

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...

Eddie Morton

Cambodia's foreign trade up 15% amid ongoing political row

Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...

Shanghai Daily News Staff

DefTech targets Cambodia, Myanmar jobs

Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is setting its sights on Cambodia and Myanmar, said chief executive officer Amril Samsudin. ...

The Star News Staff

IMF projects further acceleration in Cambodian growth

The International Monetary Fund is projecting further modest acceleration in Cambodia’s rate of economic  expansion over the next five years. In the latest World Economic Outlook released Tuesday, the IMF projects that Cambodia’s gross domestic product will grow from an estimated 7.0 percent last year to ...

The Cambodia Herald News Staff

World Bank raises growth forecast for Cambodia in 2014

The World Bank upwardly revised Monday its GDP growth forecast for Cambodia this year to 7.2 percent, up from its October projection of 7.0 percent. In explaining the higher forecast, the bank’s East Asia and Pacific Economic Update pointed to “the expectation of renewed confidence and ...

The Cambodia Herald News Staff

World Bank says Cambodia has most liberal foreign investment regime in ASEAN

The World Bank says Cambodia has the most open foreign direct investment regime in ASEAN while Thailand has the most restrictive. In a report released Monday, the bank also said that Cambodia had recently emerged as ASEAN’s second-biggest recipient of foreign direct investment in the agricultural ...

The Cambodia Herald News Staff

ANZ keen to exit Cambodia bank stake

Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to ...

The Business Times News Staff

Cambodia sends 4 helicopters, 2 ships to search for missing Malaysian plane

The Cambodian Ministry of Defense on Tuesday afternoon sent four helicopters and two ships to search on its sea for the missing Malaysian Airlines flight MH370. The plane vanished over south Vietnam on March 8. “At the behest of the head of the government, the Navy ...

Xinhuanet News Staff

Viriyah firm plans move in Cambodia

Thailand’s Viriyah Insurance, one of the biggest firms of its kind in the country, is seeking to expand its motor vehicle business in Southeast Asia, according to a report yesterday in the Bangkok Post. ...

Chan Muy Hong

OCK sees surge in telco jobs, aiming for RM20mil Cambodian job

OCK Group Bhd expects to double its order book size in the telecommunication segment from the current RM70mil, as the company targets to win more contracts from local telecommunication companies (telcos) and expand its business overseas. Managing director Sam Ooi Chin Khoon said the company was ...

Ng Bei Shan

Cambodia to meet Malaysia over maids MoU

The Ministry of Labor said Wednesday that the government has agreed on a final draft of a memorandum of understanding (MoU) with Malaysia regarding sending Cambodian maids to work there, but that no timeframe for the signing of the agreement has been set. Following reports of ...

Denise Hruby and Khuon Narim

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