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Business

Corruption Takes Toll on SMEs, Report Says

A majority of small and medium-sized enterprises (SMEs) in Cambodia believe corruption has adversely affected their businesses, according to a report released Wednesday by Transparency International Cambodia (TIC).

May 28, 2015

Arbitration Body Receives First Complaint

The National Commercial Arbitration Center received its first complaint last week, almost five years after it was set up, the center’s president said Tuesday.

May 27, 2015

Mines Ministry Sets Price Ceiling for Dredged Sand

The Ministry of Mines and Energy has set the maximum price at which sand dredged from the country’s riverbeds can be sold to dealers at $3.30 per cubic meter, effective next month, a ministry official said Tuesday.

May 27, 2015

Ezecom to Build $80M Undersea Internet Cable

Internet provider Ezecom signed an agreement Monday to build an $80-million submarine cable linking Cambodia, Thailand and Malaysia that it said would significantly increase Internet speeds while bringing down prices.

May 26, 2015

Aeon Hopes to Open 2nd Mall in Phnom Penh

The Japanese conglomerate Aeon is planning to open a second mall in Phnom Penh, with its sights set on the Camko City development in Tuol Kok district, according to City Hall spokesman Long Dimanche, who said the plan had not been officially approved.

May 14, 2015

Sugar Exports to Europe Drop After Peak Year

Cambodia’s sugar shipments to Europe fell by 41 percent last year, according to trade data from the European Union (E.U.), a significant drop for one of the country’s most controversial exports.

May 13, 2015

Despite Focus on Tourism, Cambodia Still Struggles to Compete

The World Economic Forum’s “Travel & Tourism Competitiveness Report 2015” provided a reality check for Cambodia as it ranked 105 out of 144 countries overall, despite the government placing tourism at the center of its plans to diversify the country’s economy.

May 9, 2015

Region Set to Be Largest Manufacturing Hub

Over the next decade, Cambodia’s “cheap youthful labor” will help to propel Southeast Asia past China to become the world’s largest manufacturing hub, according to a report released by ANZ Bank on Friday.

April 30, 2015

Tax Revenue Up 48% in First Quarter

The government collected a total of $323.42 million in taxes during the first quarter of this year, a 48 percent increase on the same period last year, the Finance Ministry’s general department of taxation said in a report released Monday.

April 29, 2015

Industry Reps Call for Shift to Legal DVDs

In the face of ineffectual law enforcement, shops selling illegal DVDs continue to operate unimpeded, film industry representatives said at a workshop in Phnom Penh on Monday, calling for greater efforts to convince both retailers and consumers to move away from pirated titles.

April 29, 2015
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