The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for 40 million U.S. dollars and rebranded it as Phillip Bank on Thursday, a bank’s chief said. Phillip Bank’s chairman Lim Hua Min said the Phillip Capital Group, which is an Asian ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

The Ministry of Industry, Science, Technology and Innovation has advised all companies, factories, enterprises and importers of all types of new vehicles in Cambodia to apply for safety certification of those vehicles at the Institute of Standards of Cambodia (ISC). ...

Cambodia set yet another Guinness World Record on Wednesday—its second in three days—when 2,015 people participated in a synchronized line dance during the Angkor Sankranta New Year festival in Siem Reap City. ...

Director of Quality Management and Grain Supply of Bühler Groupis interested in expanding the company’s investment by bringing modern technology to develop agriculture in Cambodia, from the process of cultivation and harvesting to processing for exporting abroad. ...

Police in Siem Reap province said yesterday that they confiscated two trucks in Varin district Friday morning carrying 24,228 liters of gasoline believed to have been smuggled from Thailand. Soeun Sem, chief of the Siem Reap economic police, said that officers apprehended the two ...

Officials involved in negotiating compensation Offers between the developers Of the Lower Sesan II dam and affected villagers have kept a portion Of the money paid out to 12 families for themselves, according to an Official. Duong Pov, Stung Treng provincial administration director, claimed that a ...

The government of China on Monday delivered four units of container scanning machines to Cambodia for using at international border checkpoints. Speaking after the signing ceremony, Keat Chhon said the four container scanning machines, totally costing 13.8 million U.S. dollars, are China’s grant aid to ...

Cambodia’s bicycle exports to the European Union are expected to decline this year after changes to EU trade preferences in early January excluded Malaysian and Singaporean parts from the scheme. Under EU preferences, a bicycle is considered a Cambodian product when at least 30 per cent ...

Police yesterday morning blocked more than 1,000 garment workers as they tried to march from their Por Sen Chey district factory to the Ministry of Labour to plead for intervention. Management at the Ocean Garment factory informed staff on May 24 that it would close for ...

The town of Chilliwack in the Canadian province of British Columbia is indeed far, far away from the town of Takhmao in Kandal province. But, the cities have entered into a perhaps unlikely partnership to help Takhmao make the most of its location and resources ...

US Ambassador to Cambodia William Heidt said the US wanted to sign an agreement with Cambodia to better manage state-owned ports in the Kingdom to tackle issues related to illegal, unreported and unregulated (IUU) fishing. ...

The government failed to evaluate social and environmental impacts before granting economic land concessions to private companies, while officials and company staff used the courts to intimidate residents during land disputes, representatives of NGOs said at a conference in the capital yesterday. “The courts are not ...

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

Some 200 garment workers who have been striking for two weeks traveled from their Kandal factory to the Ministry of Social Affairs yesterday to demand a resolution. Representatives met with officials to broker a sitdown for workers from the Master and Frank factory in Ang Snuol. “We ...

The Phnom Penh Water Supply Authority (PPWSA) will invest $1.3 million in a water treatment plant in Kep province to supply clean water to more than 1,000 households there, the company’s head said last week. Speaking at the announcement of PPWSA’s 2013 results in Phnom Penh ...

Officials from the Ministry Of Agriculture have called on farmers to cease using chemical pesticides and adopt environmentally friendly methods in an effort to increase yields and reduce damage to produce. At an agriculture workshop on biological control agents hosted yesterday by the Ministry Of Agriculture, ...

Cambodia on Wednesday increased the monthly minimum wage for garment workers by 28% to $128, falling short of union workers’ demands and creating the potential for further strikes in the country. Ath Thun, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said the ...

Cambodia’s first coal-fired power plant, which is expected to fill shortages in demand by producing an additional 100 megawatts of electricity every year, commenced full-time operations yesterday. Representatives from Malaysian company Leader Universal Ltd (LU), which built the plant, joined Prime Minister Hun Sen and ...

More than 100 enthusiastic students, teachers and community members welcomed the launch of “School Learning Gardens” at Trapeang Svay Primary School in Siem Reap province’s Angkor Thom district on Wednesday. ...