Taiwan’s E. Sun Commercial Bank has purchased a 70 per cent stake in Cambodia’s Union Commercial Bank. The deal, planned for months but announced yesterday at a press conference at the Sofitel hotel in Phnom Penh, will bring technology upgrades and more loan capital to the ...

Revenue from ticket sales to foreign tourists visiting Angkor Wat reached $41.4 million in the first nine months of 2013, a 14 per cent year-on-year increase, according to data from the Apsara Authority, which manages the site. Official data show that almost 1.5 million foreign ...

More than 2,000 cattle in Svay Rieng province are infected with the potentially fatal foot-and-mouth disease, officials said yesterday. Pen Chhanthy, chief of the provincial animal health and production office, said that cattle in six districts of Svay Rieng had returned positive tests for the ...

Deputy Prime Minister Sok An yesterday accused the NGOs behind a report critical of the election process of plotting a revolution with the opposition party. Speaking to 1,500 high-ranking government officials and members of the military, An said those behind the Election Reform Alliance (ERA) report, ...

The Asian Development Bank announced Wednesday that it will provide $81.7 million, including a $6.7 million grant from Australia, in additional financing to help Cambodia recover from catastrophic floods in late 2013. The flooding affected 1.7 million people and caused an estimated $356 million in damage. ...

Friends of Canadian journalist Dave Walker, who went missing under mysterious circumstances in February and was found dead in Siem Reap province last week, expressed anger Wednesday at the Cambodian police’s apparent unwillingness to investigate the 58-year-old’s death. Two-and-a-half months after the journalist vanished after going ...

Phnom Penh Municipal Court yesterday ruled in favour of a mining tycoon and convicted a Chinese-Cambodian widow of defaming the oknha during an embittered land dispute. Sok Neang Gek, 46, an interpreter at a garment factory in the capital, was fined $1,000 and ordered to compensate ...

British Prime Minister’s Trade Envoy David Puttnam said Thursday that the country looked to boost bilateral trade volume with Cambodia to $5 billion by 2020. “The bilateral trade between the UK and Cambodia reached $1 billion last year and we expect the trade volume will hit ...

US credit ratings agency Standard & Poor’s has ranked Cambodia’s economy and creditworthiness as the most vulnerable to the effects of climate change. Of 116 nations measured by S&P as part of a vulnerability index published last month – with a number 1 ranking being the ...

Cambodia on Wednesday continued distributing China-donated relief items to some 3,088 families, who are victims of last year’s flood, HIV/ AIDS patients, disabled people and orphans. Cambodian Red Cross president Bun Rany, the wife of Prime Minister Hun Sen, and Chinese Ambassador to Cambodia Bu Jianguo ...

The land on which the former Chamkar Mon Referral Hospital sits was put up for sale for $12.1 million on Friday, just days after a municipal health official denied that the property would be sold. According to an advertisement posted on the Khmer24 classified advertising website, ...

Police raided a discount store in Phnom Penh and seized more than 1,000 bottles of beauty products on Monday after receiving a tip that the shop was selling counterfeit goods, an official said. Police confiscated 872 bottles of shower gel and 280 bottles of whitening cream ...

The pace of Cambodia’s rice exports are expected to slow this year. Unable to maintain the steady rate of previous years, the export volume for the first half of 2014 is much the same as it was this time last year. At the end of June, ...

About 1,000 workers protested outside the Chinese-owned Komchay Mear Trading factory in Prey Veng province on Saturday morning after managers refused to give them a government-mandated salary advance for the Pchum Ben holiday, officials and unionists said on Sunday. The protest was short-lived, however, ending Saturday ...

A ruling party politician has pledged to not only resolve a raft of land disputes, but push a policy of “on-site development” – redevelopment that does not remove people from their communities – over mass relocations. Speaking to a crowd of about 1,000 outside the National ...

It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...

Global garment brands who source their products from Cambodia should play a part in helping the industry absorb the new minimum wage of US$ 128 per month, according to experts from the International Labour Organization (ILO). The new minimum wage for the approximately half-a-million workers in ...

Ethnic minority villagers who live in the planned reservoir zone of the Lower Sesan II hydropower project along the Sesan and Srepok rivers have said they will not move from their homes unless the dam company and authorities pay for the removal of their ancestors’ ...

The Ministry of Information last week warned media organizations not to publish or broadcast advertisements from gambling outlets unless they have permission from the government to do so, according to a ministry notice obtained Tuesday. “The ministry previously advised [media outlets] to stop all types ...

Ignoring objections and even vague threats made by the Foreign Affairs Ministry, Cambodian activists in South Korea plan to stage a protest on Sunday ahead of a five-day summit Prime Minister Hun Sen is scheduled to attend on December 10. Around 1,500 opposition supporters intend to ...