A community of ethnic minority Tampuon people in Ratanakkiri province yesterday filed a complaint with the provincial court against six people they believe illegally cleared 80 hectares of community forest land and sold it to a rubber investor, villagers and court officials said. The land in ...

Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...

In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance. Released on Friday, the numbers show that $2.3 billion was earmarked ...

Phnom Penh Municipality has warned the public to expect prolonged traffic disturbances around O’Russei market in Prampi Makara district after construction began in the area Monday as part of the ongoing Japan-funded drainage project, a statement from City Hall said. The public has been asked for ...

A handful of stores in Phnom Penh’s City Mall closed up shop yesterday morning, draping large curtains over their storefronts rather than face an impending police raid on businesses allegedly selling pirated movies there, police and other vendors said. The aborted raid came less than two ...

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

North of the Sesan River, in protected forests that stretch to the border with Laos and Vietnam, illegal timber traders describe a network of bribery that leaves them counting their riels, despite the multimillion-dollar nature of the industry. In contrast to the large flat-bed trucks owned ...

The total revenue of Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) shot up by 17.5 per cent last year, indicating strong growth in its year-on-year business performance. An annual report from the Ministry of Public Works and Transport released on Wednesday said the Port’s ...

As of May, government data shows COVID-19 forced the closure of nearly 3,000 tourism-based business and left more than 45,045 staff members unemployed. The unemployment and rising debt would severely affect the social economy while the Minister of Tourism estimated that the tourism sector would ...

The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...

Bilateral trade between Cambodia and Laos is predicted to pick up after a recent series of key meetings between national leaders and prominent members of the business community, following a reported jump of roughly three-tenths last year over 2021. ...

Rice futures jumped the most permitted by the Chicago Board of Trade, advancing to a one- month high, as flood damage to crops in Southeast Asia boosted prospects for U.S. exports. Storms since September damaged 12.5 percent of paddies in Thailand, the world’s largest exporter, and ...

Two-and-a-half weeks after excavators belonging to a CPP senator’s real estate firm demolished the homes of eight families fighting eviction from Phnom Penh’s Boeng Kak lake community, those families and the government officials charged with evicting them have taken their battle to court. A pair of ...

“Singapore will boost Singaporean companies to seek opportunities to invest in Cambodia, especially in the agro-industry,” H.E. Hor Namhong, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, announced on Wednesday morning after bilateral talks with his Singaporean counterpart Excellency Mr. K. Shanmugam, ...

Cambodia plans to spend more than $100 million on subsidies by 2021 to reduce electricity tariffs in a move to spur economic growth and relieve the financial burden on businesses and households, a senior government official said. Electricite du Cambodge (EdC) director-general Keo Ratanak told reporters ...

A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...

A prime piece of Phnom Penh real estate was put up for auction last week by a South Koran government agency attempting to recoup taxpayers’ money lost during a bank collapse last year. Bids have been made that could see a new development on the site, ...

CP Laos and CP Cambodia are investing a combined Bt250 million to set up a new silo for maize in Cambodia and a new feed-meal plant in Laos to strengthen CPF’s integrated agricultural-industrial business as the Asean Economic Community (AEC) approaches. Most recently, the company ...

While shopping for a brand-new television, 27-year-old Loek Bunhai recently bought a Sony flat-screen at the Sunsimexco retail outlet on Phnom Penh’s Monivong Boulevard for $345. But with a monthly salary of $300 from his job as a microfinance officer in Phnom Penh, Mr. Bunhai was ...

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...