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Business

A recent report by the World Economic Forum underscored the Kingdom’s poor performance in educating and training its citizens in order to develop a competitive workforce and put their skills to productive use, ranking it for the first time in its annual review as the worst in Asean. Cambodia ranked 92nd out of 130 countries in terms of human capital development, up from 100 last year, showing that the country had improved globally but at the same time fell further behind its regional peers, according to the Global Human Capital Report 2017. The ranking puts Cambodia ahead of the Dominican Republic but behind Botswana, which ranked 93rd and 91st, respectively.
Meanwhile, Myanmar, which scored 109th in 2016, improved to a score of 90th this year as Laos also made significant progress, improving from 106th to 84th.

A scale model depicting the Sihanoukville Special Economic Zone.
Thu, 14 September 2017

Kingdom’s biggest SEZ to get even bigger

The Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint.

Wed, 13 September 2017

RDB extends deadline for rice-storage bidding

The government-run Rural Development Bank (RDB) has extended the deadline to receive proposals from registered Cambodian agricultural firms to develop rice storage and drying facilities after receiving a tepid response to its financ

Shoes on display at a shop in Phnom Penh in 2010.
Wed, 13 September 2017

Cambodia has sole objective for US

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage i

People guide a forklift with cement bags for delivery onto a transport truck.
Wed, 13 September 2017

New cement plants to max out production capacity

Two large cement plants are expected to begin operations by the end of the year, according to a state official, who said the Kingdom has reached its limit for domestic cement production and the government will stop issuing new licences in order to protect dwindling natural resources. Hort Pheng, director of the Industrial Affairs Department at the Ministry of Industry, said Chip Mong Insee – a joint venture between local conglomerate Chip Mong Group and Thailand’s Siam City Cement Corporation (SCCC) – was preparing to open its $262 million cement plant in Kampot province next month. This will be the Kingdom’s fourth cement production facility, with the almost-completed Battambang Conch Cement factory – a joint venture between Cambodian and Chinese investors – slated to be the fifth.

Tue, 12 September 2017

Asean to ink FTA with Hong Kong

The 10-member Association of Southeast Asian Nations (Asean) is set to sign a free trade agreement (FTA) with Hong Kong following three years of negotiations, according to a Ministry of Commerce official who said the agreement could

Tue, 12 September 2017

Third container market to open in November

Singaporean investors have announced plans to launch the biggest container market in Phnom Penh, with the 500-stall food and retail complex set to rise on a plot just a stone’s throw from the capital’s original container night market. Adrian Ong, one of two Singaporean investors behind the project, said the 2040 Container Market was already under development on a vacant 1.5 hectare lot next to the Sofitel hotel in the capital’s Tonle Bassac district. He said the market is scheduled to launch in early November and will be divided into four sections for shops, food outlets, coffee shops and pubs – with stores operating around the clock. “By opening 24 hours a day...

A cargo container is lifted for shipping earlier this year at the Sihanoukville Autonomous Port.
Tue, 12 September 2017

Cambodia lags Asean peers in eliminating tariffs

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry

Mon, 11 September 2017

Star Vegas’s parent eyes regional expansion

Doncaco International, which operates the Star Vegas Resort and Club in Cambodia and the Aristo International hotel in Vietnam, is eyeing a five-year expansion plan that could see it launch casino operations in Macao, South Korea, J

A representative image of a private investigator photographing his subject from a car.
Mon, 11 September 2017

More business for private eyes

Private investigators have long operated in Phnom Penh’s seamy shadows, hired to follow and document the liaisons of philandering tycoons, help foreign authorities locate fugitives or track down missing persons.