Business

$100M SEZ Breaks Ground in Phnom Penh

A joint venture between a local logistics firm and its Hong Kong partner began construction on a 63-hectare special economic zone in Phnom Penh’s Dangkao district on Wednesday, with about $100 million in investment, according to an official involved in the project.

July 2, 2015

Bayon Airlines to Fly Daily to Ho Chi Minh

Cambodia Bayon Airlines, a low-cost Chinese-owned carrier, will launch daily flights between Phnom Penh and Ho Chi Minh City beginning on July 1, according to the company, following the success of its domestic routes connecting Phnom Penh, Siem Reap and Sihanoukville.

June 25, 2015

Trade Unions Agree on $177 Wage Demand

A group of nine trade unions representing some of the country’s 700,000 garment workers agreed on Monday to push for a $177 monthly minimum wage for the sector during fast-approaching negotiations, matching the figure they unsuccessfully lobbied for last year.

June 24, 2015

Cambodia-China Trade to Top $5 Billion by 2017

Bilateral trade between China and Cambodia will be worth more than $5 billion by 2017, up from $3.75 billion last year, according to estimates made public by the Ministry of Commerce on Monday.

June 23, 2015

Cambodia ‘Gateway’ to Asean, Turkish Firms Say

As part of a push to rapidly ramp up Turkish investment in Cambodia, the Commerce Ministry hosted a “matchmaking” event in Phnom Penh’s Raffles Hotel Le Royal on Tuesday with 12 Turkish technology firms to dozens of local businesspeople.

June 17, 2015

Pricey Loans to Blame for Slow Rice Exports: National Bank

The high-interest loans that banks offer to rice millers will likely contribute to the country’s failure to meet its goal of exporting 1 million tons of the crop by the end of the year, the head of the National Bank of Cambodia said Tuesday.

June 10, 2015

Ministry to Review Oil Company’s Plans

The company that has been given production rights over a 5,500-square-km area off the coast of Sihanoukville known as Block D has been given 10 days to submit their exploration plans to be reviewed by the Mines and Energy Ministry, a spokesman said Thursday.

June 5, 2015

Companies Strike Deal to Explore for Oil and Gas

A 5,500-square-km swath of ocean off the coast of Sihanoukville is set to be explored for oil and gas, according to a firm with a large stake in the company that has production rights to the area known as Block D.

June 4, 2015

Rubber Prices Rise Amid Drop in Global Supply

Cambodian natural rubber prices rose by about 20 percent last month compared to the same time last year as a result of major global producers reducing supply to the international market, officials and rubber producers said Monday.

June 2, 2015
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