News
Airports fare well in ICAO audit, official says
An inspection of Cambodia’s airports last week by a visiting delegation from the UN’s International Civil Aviation Organization turned up only minor issues, all of which are easily correctable, a senior aviation official said on October 31. Sinn Chanserey Vutha, spokesman for the State Secretariat ...
ANZ to remain in local market?
The chief executive of ANZ Royal Bank has denied media reports that the Australian and New Zealand Bank Group is considering pulling the plug on its Cambodian operations amid a planned retreat from the region’s markets. In a filing to the Australian Stock Exchange on ...
Ministry drafting new minimum wage law to cover all workers
The Labour Ministry said last week it was drafting a minimum wage law that would expand beyond the garment industry and cover all workers, a proposal that drew cautious praise from union leaders and advocates, along with a healthy dose of scepticism. The proposed law, revealed ...
Waiting to tap rubber’s rebound
The large-scale rubber plantations that arrived in force in Cambodia a decade ago as global rubber prices moved to historic peaks are facing sober prospects as trees they planted before the commodity’s prices headed south begin to reach maturity. While international rubber prices have been ...
Ticon follows factory shift to Cambodia
Ticon Industrial Connection Plc, a Thai-based factory and warehouse developer, is expanding its operations into fast-growing Southeast Asian economies, including Cambodia, to help offset sluggish growth at home. Lalitphant Phiriyaphant, the company’s chief financial officer, said Ticon has already invested $20 million into expansion in ...
Cambodia on alert for US taxpayers
With the Internal Revenue Service, the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia on October 26 held a presentation for investors and financial institutions ...
PM: harness the Mekong region's economic power
The Greater Mekong Sub-region has the potential to become a major global production center due to its favorable geographical location and its proximity to economic powerhouses in both Southeast and South Asia, Prime Minister Hun Sen said on October 25. Speaking in Hanoi at the opening ...
Agro report reveals drop in state fisheries revenue
A report issued by the Ministry of Agriculture for the first nine months of this year showed a dramatic decline in government revenue from the fisheries sector, while providing incomplete information on revenue from other agricultural sectors. The report, issued earlier this month and published in ...
Telcotech leads race for undersea cable
Telcotech, a subsidiary of local internet provider Ezecom, announced on October 25 that it is nearing completion of Cambodia’s first submarine fibre-optic cable, which it expects to be operational by early next year. The Malaysia-Cambodia-Thailand submarine cable system will connect the three countries directly and link in ...
One in nine has no access to clean water
Every year during the wet season, millions of Cambodians are surrounded by water as the Mekong River floods. Yet the water is unsafe to drink, fouled by sewage and agricultural and industrial pollution. Living in villages on stilts, Cambodians bathe, fish and defecate in the flooded ...
