Business

Thousands of staff of the Grand Twins garment factory in Phnom Penh’s Pur Senchey district protested Tuesday claiming they had been swindled out of stipends and demanding better overtime pay, according to representatives for the workers and police.

October 22, 2014

Nearly 80,000 tons of Cambodian river sand has been sitting at a seaport in India for nearly two months, the second haul to turn up there in two years, despite a 2009 ban on the export of river sand handed down by Prime Minister Hun Sen.

October 17, 2014

A visiting U.S. state senator on Thursday praised Prime Minister Hun Sen for his efforts to stamp out corruption but said the government should rely less on China, improve infrastructure and reduce electricity costs to attract further U.S. investment.

October 17, 2014

Cambodian rubber industry representatives met with Asia’s major exporters of the commodity last week to set a floor price for natural rubber in an effort to salvage an industry suffering from plummeting values.

October 16, 2014

The American Chamber of Commerce on Friday will host an “informative luncheon” to help U.S. businesses in Cambodia respond to the deadly Ebola virus if it reaches the country.

October 15, 2014

Australian mining and exploration company Renaissance Minerals has begun further exploration at the Okvau Gold Deposit in Mondolkiri province after raising $6 million to test for ore “at a number of highly prospective targets,” according to a filing late last month to the Australian stock exchange.

October 14, 2014

Cambodia’s economy is expected to grow by 7.2 percent this year, but a policy of debt and deficit reduction must remain a priority in order for the projection to be met, according to a report released Friday by the International Monetary Fund.

October 14, 2014

NagaWorld’s push to attract Chinese gamblers appears to be paying off as gross gaming revenue increased 26 percent during the first nine months, according to NagaCorp data filed to the Hong Kong stock exchange last week.

October 11, 2014

Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday.

October 10, 2014

Garment and footwear exports earned $3.92 billion over the first eight months of 2014, up more than 7 percent year-on-year, according to new figures from the Ministry of Commerce.

October 10, 2014
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