SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...

CNRP leaders Sam Rainsy and Kem Sokha said Tuesday that the opposition party will no longer negotiate over the political deadlock with the CPP until the ruling party agrees to a transparent election investigation. The CNRP’s 55 lawmakers-elect have been boycotting the National Assembly since it ...

H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in the wake of the Rana Plaza disaster. The world’s second-biggest clothing retailer said it would support ...

The Phnom Penh Municipal Court has summoned 10 witnesses, including several police officials and one reporter, as it begins investigating the brutal murder of Nguyen Vann Chean, an ethnic Vietnamese man who was beaten to death by an angry mob in Meanchey district last month. The ...

Cambodia’s opposition leader Sam Rainsy, fresh from a trip to the European Union, called Wednesday on the country’s ruling party to return to the negotiating table in a bid to end a nine-month political standoff since disputed elections last year. Sam Rainsy said that EU leaders ...

Preah Sihanouk provincial governor Kouch Chamroeun has called on provincial and town police to stop the unwarranted inspections of businesses run by foreigners, especially Chinese nationals.​Chamroeun was speaking at a provincial administration meeting last week that discussed encouraging further foreign investment in legitimate businesses in ...

As of January 4, nearly 8,000 of some 20,000 government officials have declared their assets and debts and submitted the relevant documents to the Anti-Corruption Unit (ACU). This follows an ACU notice on October 17, last year, to nearly 50 ministries and institutions in the ...

The Koh Kong provincial authorities said the land reclamation work in Smach Meanchey commune in Khemarak Phumin town has already been put back to its original state while the court spokesman said legal procedures are being taken against Tun Dieth, the two-star major general held ...

The Sorng Rukhavorn Forest Community in Oddar Meanchey province has issued a call for all to take part in the protection and conservation of forests and wild animals. At the 19th anniversary of establishing the central headquarters for the Sorng Rukhavorn Forest Community on Sunday, ...

A documentary film titled Cambodia Burning produced by the Prey Lang Community Network (PLCN) won two awards – “Earth Photo 2020” and “Drone Photo 2020” – from the US-based Pulitzer Centre.​ The film, which has drawn criticism from a senior Ministry of Environment official, was ...

One of the two Boeung Kak lake residents released on bail from Prey Sar prison on Friday is prepared to be a witness in the appeal trial of the 13 women convicted and sent to jail last month – but only if he is invited ...

ASEAN is confident that the goal of establishing a single market would not be far, and the bloc will continue to aim for it for the common interest of its people and leaving no one behind. ...

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...

APSARA National Authority (ANA) said that since last December, 22,963 saplings have been planted on the land formerly occupied by inhabitants who have now relocate to the newly formed development areas of Pak Snung and Run Ta Ek in Siem Reap province. It said 27,481 ...

The Asian Development Bank (ADB) has released figures which show they believe that the Cambodian economy will grow between 6.8 and 7 percent in 2013 and 6.8 percent in 2012. Their reporting sites the growth in the Cambodian garment industry as a major factor. The ...

The World Bank has ceased funding Radio National Kampuchea (RNK) as of last month due to a failure to comply to the bank’s Demand for Good Governance Project agreement. The funding ended on June 30. The World Bank granted RNK US $20 million with a ...

Cambodia has granted Chinese timber company Shengda Wood a 22,600-hectare timber concession in Kratie and Strung Treng provinces, officials said. The Shenzhen Stock Exchange-listed company would export wood from the 70-year concession to supply a depleted market in China, Li Jie, a management official in Sichuan, ...

About 200 residents of Phnom Penh’s Borei Keila community burned tires and threw rocks at the Prampi Makara district office yesterday, demanding that the district governor solve a long-running housing dispute between them and powerful construction firm Phanimex, which they say has failed to abide ...

Golden Fortune Securities, a Cambodian-Chinese joint venture and the Kingdom’s second securities dealer, officially opened its doors yesterday. The company was the most recent of Cambodia’s 13 licensed dealers, brokers and underwriters to launch operations. A date for company listings, or actual Cambodia Securities Exchange operations, was ...