Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...

Cambodian-focused Geopacific Resources (ASX: GPR) has now released its 10 for 17 non-renounceable rights issue which will raise up to A$3.0 million at $0.05, and forms part of a larger funding package. In August GPR outlined a funding package which will include an equity placement of ...

The Ministry of Health said Thursday it would shut down a Phnom Penh health center that claims to cure diseases such as cancer and diabetes with the help of detoxifying machines, according to officials. Immanuel Bicom True Healing Center in Chamkar Mon district did not have ...

Paul Blanche-Horgan, the CEO of internet service provider Ezecom, will now be known as Oknha Paul Blanche-Horgan, making him one of the few Westerners to receive the prestigious and sought-after Cambodian title. Awarded by King Norodom Sihanomi in mid-November, the new status brings Blanche-Horgan, who has ...

Clothing giant H&M is considering raising retail prices and passing the buck onto the consumer to help pay higher wages to garment workers in poor countries. There won’t be any price increases in the short-term, but it “might be a possibility” in the future, Helena Helmersson, ...

Six farmers were killed on the spot and another one seriously injured after a home-made tractor ran onto an old anti-tank mine in northwestern Preah Vihear province, police chief confirmed Thursday. The accident occurred in a forest in Chom-ksan district when the tractor hit the mine ...

Because of ongoing strikes and an inability to fill orders, SL Garment Processing (Cambodia) says it is shedding cash flow as buyers shift away from one of Asia’s largest producers, factory management confirmed yesterday. International brands H&M and Gap reduced their orders, while Levi’s ceased buying ...

Union officials fear violence that occurred at two separate rallies in front of the SL Garment Processing (Cambodia) Ltd factory last week will continue at one scheduled this morning. About 10 SL strikers were injured during demonstrations on Thursday and Friday, when uniformed and plain-clothes SL ...

Only about 10 per cent of Cambodia’s workforce is being granted paid annual leave, a report released last week says. Under the 1997 Labour Law, workers who work a standard 48-hour week are entitled to 18 days of paid annual leave, in addition to one day ...

Cambodia could soon get its first Chinese-run digital television station, the latest local project hailing from a country that represents one of the Kingdom’s largest foreign investors. Yu Hua, deputy director of Yunnan Mobile Digital TV Corporation, based in China’s Yunnan province, met with Cambodia’s Minister ...

Two Cambodian companies on Monday signed Memorandums of Understanding (MoU) with Chinese companies to invest in the agricultural sector. One deal was inked between Chan Sothea, general director of Cambodia’s Century Rice Group, and Ivan, managing director of Shengen Yonglongxin Industrial Company. Under the agreement, the two ...

Cambodia’s opposition leaders were questioned in court Tuesday in connection with recent protests against strongman premier Hun Sen — a case they denounced as politically motivated. Prosecutors at Phnom Penh Municipal Court spent several hours grilling Sam Rainsy and his deputy Kem Sokha about unrest that ...

Hundreds of opposition-aligned trade union activists and workers terminated their outlawed rally on Saturday after heavy security forces had been deployed in and around the capital’s Freedom Park to prevent them from entering the Park to hold a forum on the International Women’s Day. “Those activists ...

The government of New Zealand on Wednesday signed up to provide Cambodia with 3.7 million U.S. dollars for the preservation and protection of Angkor Wat Temple, one of the world heritage sites, said a news statement from the Cambodian government. Bun Narith, director general of Apsara ...

Cambodia has more labour forces than the jobs created every year. Hence, some students who have just graduated from the university can’t find jobs; they need some time to get jobs. Some young people have to sell their labour abroad. Despite the surplus of labour ...

With Chinese New Year approaching, the long arm of the law has once again reached out to local businesses in at least one Phnom Penh commune asking for their help to ensure police have enough beer to usher in the Year of the Horse in ...

Construction of the luxury Diamond Island Riviera residential project on Koh Pich is under way after a groundbreaking ceremony last month. The Western-themed, all-modern residential project – a $700 million joint-venture between the Overseas Chinese Investment Company (OCIC) and Chinese Jixiang Investment – is just one ...

The quality of education is still a big concern for Cambodia and the country needs to set a more effective strategy to enhance teaching conditions and quality of education for all learners, Anne Lemaistre, UNESCO representative in Cambodia, said Thursday. “I would like to commend ...

Opposition leader Sam Rainsy said that he made “tentative” plans with Prime Minister Hun Sen on Wednesday to appear before King Norodom Sihamoni on Friday to sign a deal ending the CNRP’s boycott of its 55 National Assembly seats. Government and CPP officials said they could ...

On the road to legal employment in Thailand, Cambodian migrant workers are being made to undergo check-ups that have them cough, strip and give blood and urine samples to prove they are physically and mentally sound enough to work in the country. Obtaining a workers’ permit, ...