News

Minsk Tractor Works (MTZ trademark) has signed a contract on the delivery of tractor knock-down kits worth $5,359.4 billion to Cambodia in 2014, BelTA learnt from the company. The construction of the assembly plant, Belarus Mekong, has been completed. The opening ceremony is slated for 26-28 ...

Prime Minister Hun Sen on Tuesday provided an indication of the role that will be played by the new Ministry of Industry and Handicrafts, which was created late last year, announcing it will hold the sole responsibility for registering small and medium enterprises (SMEs). The government ...

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

The parent company behind a firm constructing the Lower Sesan 2 dam in Stung Treng has repeatedly violated Chinese law by building “massive” power projects without prior approval, China’s national auditor has found. State-owned China Huaneng Group, of which Lower Sesan 2 partner Hydrolancang International Energy ...

Thailand-based Ratchaburi Electricity Generating Holding Pcl (RATCH) has “seriously assessed” investment possibility in neighbouring countries including Cambodia, a company statement said last Thursday. It said it had geared up for business expansion in domestic and international markets in the potential existing investment bases Laos and Australia, ...

The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...

Deforestation and Cambodia’s strong economic growth have resulted in an increase in the price of charcoal, an energy source the poor are dependent on, charcoal vendors say. The price of charcoal in Phnom Penh had increased at least 200 riel ($0.05) a kilogram compared to 2012, charcoal ...

Energy Minister Suy Sem yesterday defended a draft law on the financing of a massive dam project in Stung Treng province which is slated for debate at the National Assembly on Friday. Environmental groups have called debate of the law premature, as no consultation with local ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...

PHNOM PENH – Authorities are searching for three missing construction workers at a Chinese hydroelectric dam in Pursat province, after pipes burst there on Saturday, causing a flash flood. One man, who had been fishing nearby and was thought missing, has been found “safe and alive” ...

An official at the Ministry of Industry, Mines and Energy expressed concern that if the quality of Cambodian produced goods does not improve, Cambodia is likely to become largely a retailer of foreign goods when the ASEAN Economic Community (AEC) is realised in 2015. Meng Saktheara, ...

On top of impressive growth, the Royal Government is opening the country to international investment As for mining: the country is now open for international business. The stable, democratic government passed anti-corruption laws in 2011 and has dedicated itself to working with private business The most active ...

A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...

Prime Minister Hun Sen opened the 30th ASEAN Ministers on Energy Meeting yesterday in Phnom Penh, where ASEAN officials will focus on ASEAN green energy and develop a plan for ASEAN’s power grid, officials said. Victor Jona, deputy director general of energy of the General Department ...

ASEAN senior officials on energy gathered here on Monday to discuss and prepare documents for the 30th ASEAN Ministers on Energy Meeting and related meetings to be held on Sept. 12. The two-day preparatory meeting, under the theme “ASEAN Green Connectivity”, was chaired by Tun ...

British American Tobacco (Cambodia) Co. (BAT), which produces the cigarette brand ARA, suspended operations at its re-drying plant in Kandal province’s Takhmao commune yesterday, in order to allow time to redesign its air filtration system following repeated complaints about fumes that were allegedly spewing from ...

Phnom Penh: “Cambodia is needing $ 1 billion over the years or at least 100 million annual investment to develop renewable energy projects for rural electrification in order to reduce its dependence on diesel consumption,” said Mr. Toch Sovanna, Director of Departmemnt of Energy Technique, ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is now pushing for the establishment of a special economic zone (SEZ) for small and medium sized enterprises and is currently discussing such a move with the Ministry of Industry, Mines and Energy, ...

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...

State power company Electricite du Cambodge (EDC) plans to increase the price of electricity to make up for a drop in revenue this year, according to a Ministry of Industry, Mines and Energy official. “This year, oil prices went up, which meant the EDC did not ...

The general director of the Energy Department at the Ministry of Industry, Mines and Energy has defended Cambodia’s energy needs and its use of coal power as the country attempts to use modern technology to reduce pollution ahead of the ASEAN Senior Energy Officials’ 30th ...

Officials and securities firms yesterday showed little distress at the imminent retirement of Ek Sonn Chan, the man credited with straightening out and preparing the capital’s public water utility for its initial public offering in April. A letter from the Ministry of Industry, Mines and Energy ...

Villagers in Kompong Chnang province have resorted to black magic as a means to even the odds with a long-running land dispute with a powerful company, KDC Development, holding a spell-casing ceremony on Saturday to curse the firm and the provincial court for allegedly colluding ...