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Business

Cambodia's trade deficit expanded to almost half a billion dollars during the first three months of the year, according to the latest figures from the Ministry of Commerce.

Thu, 24 April 2014

Cambodia, US brokers sign off on agreement

Local company Tong Yang Securities has joined forces with Decker & Co, a US-based broker company specialising in Southeast Asian markets, to promote Cambodia’s Stock Exchange (CSX) to investors in the United States.

Migrant workers from the Philippines play bingo on their day off in Hong Kong's central business district
Thu, 24 April 2014

AEC ‘won’t spur labour flow’

Despite the increased integration of ASEAN economies, cross-border flows of skilled migrants will be minimal when the ASEAN Economic Community (AEC) takes shape in 2015, an economist from the Asian Development Bank said yesterday.

Traffic passes the Phnom Penh’s General Department of Taxation office in 2012
Thu, 24 April 2014

Tax dept can’t do job, report says

Cambodia's tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month.

An old utility vehicle travels on Preah Sisowath Quay past the Royal Palace yesterday in Phnom Penh.
Wed, 23 April 2014

Minister calls for old car ban

Imports of older cars and vans should be banned to help reduce pollution, Minister of Industry and Handicrafts Cham Prasidh said on Monday.

A labourer walks though rows of stacked bricks at a brick factory in Kandal Province.
Tue, 22 April 2014

Industry urged to go green

Small and medium-size enterprises (SME) were urged by the Cambodian government to employ more environmentally friendly practices at a green industry workshop in Phnom Penh yesterday.

Liu Ziming (left), chairman of China Railway Major Bridge Engineering Group Co Ltd, and Zhang Chuan You, general manager of Cambodia Iron & Steel Mining Industry Group.
Tue, 22 April 2014

Lack of funds delays railway

The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official.

Tue, 22 April 2014

HAGL eyes Cambodia agriculture expansion

Controversial Vietnamese rubber giant Hoang Anh Gia Lai (HAGL) Group is to expand its agricultural business in Cambodia to include corn, according to the company’s CEO Nguyen Van Su.

Tue, 22 April 2014

Failing to sew up support

Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering.

A pedestrians stroll past NagaWorld in Phnom Penh
Mon, 21 April 2014

NagaCorp VIP program questioned

Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings