Business

Thai Cement Giant to Invest $300M in Cambodia

Thailand’s largest cement producer, Siam Cement Group, plans to invest up to $300 million to increase its production capacity in Cambodia over the next five years in a bid to take advantage of booming domestic demand, a company official said Monday.

August 25, 2015

Coca-Cola Breaks Ground on New Facility

Coca-Cola began construction on its new factory in the Phnom Penh Special Economic Zone on Thursday, according to a company executive, who said the current production facility in Russei Keo district was “maxed out.”

August 21, 2015

Cambodia, New Zealand Sign Aviation Accord

Cambodia on Wednesday signed a bilateral Air Services Agreement with New Zealand that will allow for commercial air travel between the two countries, officials said.

August 20, 2015

Cambodia’s Int’l Trade Value Up 9 Percent

The value of Cambodia’s international trade increased by about 9 percent in the first six months of this year compared with the same period last year, according to the latest data from the Commerce Ministry.

August 18, 2015

Limousine Drivers Strike Deal With Company

A group of 55 drivers who briefly went on strike last month settled their dispute with the Royal Cambodian Limousine Service over unpaid overtime wages on Monday, agreeing to accept between $600 and $700 per driver, according to a representative of the drivers. Chhay Buntha, the representative, said the deal was reached during the fourth round of negotiations since the strike.

August 12, 2015

Union Law Worries Garment Sector Investors From Hong Kong

A visiting delegation from the American Chamber of Commerce in Hong Kong, which handles tens of billions of dollars in regional investment, says it raised concerns about the low threshold for forming unions in a pending new law during meetings with government officials Monday.

August 11, 2015

Commerce Minister Calls for Review of Regional Trade Deal

Commerce Minister Sun Chanthol on Monday asked the World Bank and the European Union to review a trio of new trade agreements with Cambodia’s neighbors to determine what impact the deals would have on the country’s exports.

August 11, 2015

Loans, Deposits Soar in First Six Months

The country’s banking sector saw robust expansion in the first six months of the year, with loan disbursements growing by more than 33 percent and deposits growing by 26 percent, according to a report released on Tuesday by the National Bank of Cambodia.

August 7, 2015
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