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A worker collects coagulated latex at a rubber plantation in Kampong Cham’s Memot district in 2014.

Rubber exports jump as smugglers siphon off profits

Publication date 18 January 2018 | 18:59 | ICT

The total amount of rubber exported by Cambodia surged 30 percent last year, but widespread rubber smuggling on the Vietnamese border crippled potential profits from the booming industry.

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  • A screenshot of realestate.com.kh, which is owned by Digital Classifieds Group.

    Belt Road straps self to real estate website firm

    Publication date 18 January 2018 | 17:53 | ICT

    Belt Road Capital Management (BRCM) – a Mekong based private equity firm – announced yesterday it had invested $1.8 million into Digital Classifieds Group (DCG), the firm behind real estate website Realestate.com.kh.

  • Angkor Gold in second exploratory phase

    Publication date 18 January 2018 | 08:42 | ICT

    Angkor Gold Corp is entering its second phase of exploration in Ratanakiri province after its first round showed promising indications of copper and silver deposits.

  • PNG bank enters Kingdom

    Publication date 18 January 2018 | 08:43 | ICT

    Papa New Guinea-based Bank of South Pacific (BSP) has partnered with Thailand’s RMA Group in order to expand its offering of financing options for Cambodians in rural areas.

  • SECC warns against cryptocurrency trading

    Publication date 18 January 2018 | 08:43 | ICT

    The Securities and Exchange Commission of Cambodia (SECC) has warned the public to be cautious and avoid speculating in cryptocurrency trading, noting that the market remains unregulated.

  • Construction is underway at Phnom Penh's The Park Community Mall last year.

    Construction project approvals up, but locals aren't reaping the rewards

    Publication date 17 January 2018 | 19:42 | ICT

    The government announced a more than 20 percent increase in approved construction projects last year over the year before, but not all the benefits of the booming industry are being passed on to Cambodian workers and property buyers

  • Traffic passes in front of the General Department of Taxation office last week in Phnom Penh.

    Income tax threshold raised again

    Publication date 17 January 2018 | 19:35 | ICT

    Workers in Cambodia who make over $250 should start to see more money in their paychecks starting this month, as the government has raised the withholding income tax threshold for the third straight year.

  • A newborn baby Irrawaddy dolphin swims in the Mekong River in Kratie province in June. WWF-Cambodia

    Mining exploration set for region home to endangered river dolphins

    Publication date 17 January 2018 | 07:16 | ICT

    Australian mining firm Medusa Mining has announced plans to begin exploration for gold, copper and oil in Kratie province’s Prek Kampi commune, about 35 kilometres west of a stretch of the Mekong River that is home to endangered riv

  • A vendor hands over a plastic bag of food at a market.

    Vietnamese-funded market on border begins construction

    Publication date 17 January 2018 | 07:20 | ICT

    Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border crossing between Cambodia and Vietnam.

  • Garment workers wait to listen to Prime Minister Hun Sen speak at an event in September. Facebook

    Unions and companies alike unhappy with draft changes to law on worker contracts

    Publication date 16 January 2018 | 06:59 | ICT

    Both unionists and private sector representatives are unhappy with draft amendments to Cambodia’s Labour Law, which would overhaul the regulations surrounding worker contracts and guaranteed employee protections.

  • Minister of Public Works and Transportation Sun Chanthol at the Grab launch in December.

    Ride-hailing app Grab signs MoU with anti-corruption body

    Publication date 15 January 2018 | 18:52 | ICT

    Ride-hailing giant Grab signed a Memorandum of Understanding (MoU) with the government’s Anti-Corruption Unit (ACU) on Monday, agreeing to immediately report any future incidents of corruption or bribery to the state body.