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EU trade threat could make cambodian factories worse for workers: Unions

The European Union’s move to revoke Cambodia’s duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said. Cambodia has six months to convince its biggest export market that it has arrested a backslide on human rights and democracy. If it fails, the EU will strike […]

Local startup competition won by Myanmar company

Technology startups gathered in Phnom Penh on Wednesday to pitch their business models and vie for a singular spot in a prestigious regional competition. The Echelon Top 100 Cambodia Qualifiers, hosted by local telecommunications company Smart Axiata and tech media platform e27, was held to shine a spotlight on Cambodia’s tech scene and the competition’s […]

Private equity firm casts net on Mekong region

A new private equity firm based in Phnom Penh is scouring the Mekong region for opportunities after making its first investment in the parent company of a leading Cambodian online real estate portal. Established in late 2017, Belt Road Capital Management (BRCM) has secured $50 million in committed capital from predominantly Asia-Pacific (APAC) investors and […]

Myanmar inches slightly ahead of Laos in latest graft index

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

Private Equity Investors Eye Myanmar’s Digital Economy as Interest Rises

Investor interest in Southeast Asia’s digital and technology start-ups has been on the rise of late, with private equity firm Belt Road Capital Management (BRCM) injecting A$2.25 million in Digital Classifieds Group (DCG), an online classifieds business, on Thursday. Although based in Australia, DCG has launched online portals in countries such as Cambodia, where it […]

Damco Increases its Footprint to Keep Pace With Growth in Myanmar

Damco has increased its warehousing capacity in Myanmar with a new 10,000sq metre facility in Yangon. And in Cambodia, the 3PL has moved to a larger head office, in Phnom Penh, having enjoyed double-digit growth there this year. Officially opened last week, the Damco Myanmar Logistics Center will primarily support the sourcing operations of fashion and […]

Cambodian PM asks workers not to demand higher wage hike

Cambodian Prime Minister Hun Sen has asked garment workers not to demand a higher rise in the minimum wage. As garment workers in many Asian nations get paid lesser, workers should not demand a salary hike that employers may not afford, he told garment workers in Phnom Penh recently. Else factories could move to Myanmar, […]

Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

Japanese joint-venture plans Yangon hotel

Hotel Okura Co Ltd said it would develop the luxury Okura Prestige Hotel with Ayeyar Hinthar Holdings Co Ltd in Yangon by 2020, with five more hotels due in the next five years. The company expects to sign a contract with Yangon Technical and Trading Co Ltd, a subsidiary of Ayeyar Hinthar, in August, working […]

Emirates Boosts Cargo Capacity in Indo-China

UAE-based Emirates Airlines inaugurated a daily passenger flight on Saturday connecting Phnom Penh to Dubai, with a stopover in Yangon, Myanmar. The Post’s Kali Kotoski sat down with Ravishankar Mirle, Emirates vice president of commercial cargo for the Far East and Australasia, to discuss the freight component of its new route. Emirates Airlines was already running a cargo service […]