Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...

DANISH logistic giant Damco has opened a 6,000-square-metre warehouse facility in Phnom Penh in response to the Kingdom’s growing importance as an emerging market, the company said in a statement. Damco Company (Cambodia), which is part of international conglomerate AP Moller-Maersk Group, said manufacturers have increasingly ...

The second Cambodia-Vietnam Trade and Investment Fair opened In Kampot, Cambodia on August 24. The fair has attracted more than 50 Vietnamese and Cambodian busInesses to display their high quality products, such as garment, footwear, food, chemicals, electronics, plastics and handicraft products. The aim is to help ...

Tensions with Thailand led to a 10-percent decline in imports from ASEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported US$810.9 million during the six-month period compared to $904.9 million during the period ...

Astra Resources, parent company of Australia’s Astra Mining, will finalise within two months the acquisition of a 222-square-kilometre gold concession in Cambodia’s Ratanakkiri province, the company announced yesterday. Astra, which listed on the Frankfurt Stock Exchange September 30, is aiming for large and speedy gold production ...

With few reforms made in the past year, Cambodia ranked 138th out of 181 countries for the second consecutive year in the World Bank’s ‘Doing Business’ report released yesterday, a ranking that put it behind countries such as Syria and Sudan. The report ranks countries based ...

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

A Ratanakkiri Provincial Court prosecutor yesterday summoned an ethnic minority Jarai man in O’Yadav district to explain to the court his allegations that local authorities had threatened to kill him for exposing a land-sale corruption racket. Romas Chhvang, 45, filed a complaint to the court at ...

The Kampong Thom provincial governor issued a letter on Tuesday to villagers living in Santuk district, ordering them to provide documentation confirming their ownership of land they reportedly “purchased” from brokers after it had already been assigned to relocated families, officials said yesterday. Deputy district governor ...

An 18-year-old Battambang woman who was working as a maid in Malaysia has become the latest in a string of domestic workers to die there this year, and the second to die in less than a month, SRP lawmaker Mu Sochua and the woman’s family ...

The curse of Cambodia’s 2011 floods continues for those most affected, as they fall deeper into debt from unsustainable cyclical debt practices, a consortium of international NGOs said yesterday. The consortium of Care, Oxfam, Pact and Catholic Relief Services released the results of their January survey ...

Investment In Cambodian rubber plantations Increased by 255 per cent In 2011 on risIng global demand for the commodity. There were 20 new projects worth US$675 million In the KIngdom last year, accordIng to data from the Council for the Development of Cambodia. There were nIne ...

The dispute that grounded a Tonlesap Airlines plane on Tuesday and stranded more than 200 passengers in Siem Reap and Taipei, Taiwain, continued yesterday, as plane owner Far Eastern Transport upped the sum it claimed Tonlesap owed for fuel. Far Eastern grounded a plane it had ...

Villagers being questioned in relation to a land dispute with a powerful company said on Friday that a Ratanakiri court official had intimidated them by urging them to accept an out-of-court settlement with the firm or face a countersuit. Court officials denied the claims and said ...

Representatives from five communes in Koh Kong province are scheduled to hold a press conference in the capital today, appealing for government intervention in a land dispute with a Chinese development company that has spanned nearly four years. Lov Hov, a representative from Thmar Sar commune, ...

The chief executives of the firms behind two large-scale real-estate projects in Cambodia have been sentenced to jail in Seoul for obtaining illegal loans and using the money to finance fictitious companies abroad, according to a South Korean court official. The two executives were among a ...

Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November. China’s Xing Yuan Kang Yeak ...

The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...

Parents of four girls sent to work as maids in Malaysia filed a complaint with Adhoc yesterday in Preah Vihear province saying they had not heard from their daughters for anywhere from two to nearly five years. Prak Leat, 41, said her daughter had left for ...

The 16th ASEAN Finance Ministers’ Meeting kicks off early today in Phnom Penh, where members of the 10-country association are expected to discuss strengthening regional financial ties and co-operation in the face of economic uncertainty in the West. ...