Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

A Cambodian People’s Party (CPP) senior official has appealed to opposition leaders to let their lawmakers to fight with the CPP lawmakers who are waiting in the National Assembly. The opposition leaders recently reaffirmed the CNRP’s position that they would not join the National Assembly ...

Grocery and beer sales are expected to spike during April as Khmer New Year preparations ramp up, retail industry officials said yesterday. Hy Ramy, managing director of HRM (Cambodia) Group, a food and beverage distribution company specialising in canned foods, condiments and beverages, said he expects ...

Cambodia and the United States will hold a joint military exercise dubbed “Angkor Sentinel 2014” next week, aiming to build capacity for Cambodian armed forces and bolster bilateral military ties. The annual exercise will last for ten days (April 21-30) at the Training Centre for Multinational ...

King Norodom Sihamoni would welcome a role as mediator in talks between the Cambodia National Rescue Party and Cambodian People’s Party, an adviser to the Royal family has said. Om Daravuth, an adviser to the office of Queen Mother Norodom Monineath Sihanouk, said that the ...

British Foreign Minister for Asian Affairs said that Britain wanted to see Cambodia’s two winning parties returning to negotiation to end political deadlock in the country. Hugo Swire, who is on his two-day visit to Cambodia, made such comments during a meeting Friday with Kem Sokha, ...

Mondulkiri provincial police charged four men with illegal logging and immigration crimes after they allegedly caught the suspects collecting wood in O’Raing district. Vietnamese nationals Orng Minh Chhung, 30; Le Vantieng, 38; Tvan Taktech, 33; and Thvang Vanthai, 36, were arrested while gathering freshly cut pieces ...

Representatives of Chinese company Tianjin Union Development Group, backed by soldiers, began tearing down villagers’ houses in Koh Kong province yesterday, community representatives and a district governor said. Botum Sakor district governor On Phearak said yesterday that company representatives had come to clear the residents’ ...

Singaporean bakery chain BreadTalk will open up in two locations in Phnom Penh this July, the bakery’s franchisee confirmed yesterday. Ly Daline, CEO of Cham & Ly Corporation, whose company will run BreadTalk in Phnom Penh, said a rising middle class means changes in consumer ...

Three villagers in Mondulkiri’s Sen Monorom district appeared in court yesterday after filing a complaint against a land concessionaire for illegally bulldozing community forest. The three represented more than 160 Phnong villagers in allegations that the provincial deputy governor’s company cleared 30 hectares of community forest ...

Transparency International Cambodia (TI Cambodia) is holding a seminar on “Corporate Integrity for Cambodian Entrepreneurs” tomorrow, 26 August 2014. The seminar is targeted to Small and Medium-Sized Enterprises (SMEs) and seeks to increase awareness of anti-bribery policies and help those organizations develop anti-corruption strategies that ...

Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media ...

About 100 anti-eviction activists from the Boeng Kak, Borei Keila and Lor Peang communities held their latest joint protest outside the World Bank office on Thursday over a recent announcement that it is considering the resumption of loan to the government after a three-year freeze. ...

Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement ...

The Thai and Cambodian governments need to reform migration policies to prevent a repeat of June’s exodus that saw up to 300,000 Cambodians leave Thailand, migrant groups said Tuesday. Workers from neighboring Cambodia fled Thailand following the May 22 military coup amid widespread rumors that the army ...

Thirteen hill tribespeople known as  “Montagnards” have left their jungle hideout in Cambodia and will apply for asylum after crossing from Vietnam to flee persecution, it was announced Sunday. The minority group had for more than seven weeks sought refuge in the jungle in Cambodia’s northeastern ...

KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year. A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, ...

As officials and development agencies marked International Water Day yesterday, thousands of families in Kampong Cham province went without a drop – some reportedly for the sixth day in a row. The local authorities and rights workers made desperate pleas for aid as reports emerged that ...

A month after Prime Minister Hun Sen issued a directive ordering government bodies to put a halt on new hires—except to fill vacated positions—the Ministry of Public Function has authorized state institutions to hire 5,001 civil servants to replace those who had recently retired, quit ...

About 50 villagers who live near railway lines in Phnom Penh gathered outside the Asian Development Bank yesterday morning to again demand more detailed information about what will happen to them during forthcoming phases of a bank-funded railway rehabilitation project. ...