Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ...

A Radio Free Asia (RFA) reporter in Ratanakkiri province will be questioned at the provincial court today in relation to claims that he incited villagers to commit crimes against a rubber company that they have been locked in a land dispute with since 2004. Lim Chanlyda, ...

Cambodian Prime Minister Hun Sen mocked a group of ethnic minority villagers who tried to petition him on Friday about their land dispute in northern Cambodia’s Rattanakiri province, after they were stopped from presenting their complaint during his visit on a land-titling campaign. Hun Sen was ...

Former Adamus Resources executives Milan Bojanjac and Ron Heeks are plotting a return to the Australian bourse, through a deal with the Charlie Bass-backed Geopacific Resources. In a deal it said would give it access to a substantial land- holding in Cambodia, Geopacific announced plans for ...

Shares in Renaissance Minerals jumped after the company announced a 1.2 million ounce gold resource at its Okvau deposit in Cambodia. Emerging from the trading halt this morning, the company revealed an indicated and inferred resource of 15.6 million tonnes at 2.4 grams per tonne gold ...

Prime Minister Yingluck Shinawatra promised on Saturday to complete a missing rail link with Cambodia to foster closer ties with the neighbouring country. Ms Yingluck inspected the damaged tracks from Aranyaprathet district in Sa Kaeo to the border with Poipet in Cambodia and directed officials ...

Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ...

Government officials have suggested the widow of the man crushed to death last month at the Wing Star Shoes factory, a supplier to Asics, will still be denied compensation from the National Social Security Fund (NSSF), a labour rights worker said yesterday. American Center for International ...

Eight members of the Prey Lang forest community network, summonsed to the Kampong Thom provincial court yesterday to answer a 2011 complaint, rejected its accusation that they had caused intentional damage by uprooting cassava plants belonging to Ol Ratha and maintained they had acted only ...

E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...

Four families in Oddar Meanchey province’s Samrong town have filed a complaint with their commune hall, alleging that a military official and a village chief are trying to block them from receiving land titles because the families support the Cambodian National Rescue Party. The families and ...

Seven unexploded landmines were discovered last week by construction workers building a highway through Banteay Meanchey province, police said yesterday. The mines, which include an anti-tank mine and six Russian-made devices, were found buried in Thma Puok district, Banteay Chhmar commune, after heavy rains helped expose ...

Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...

Yet another clash between protesters and police resulted in at least three women being knocked unconscious in the capital yesterday. A Post reporter saw police punch and use batons to quell protesters after a group of about 250 people, including many from the Borei Keila community ...

More than 150 families from Koh Kong’s Botum Sakor district were confronted by authorities when they staged a protest on Monday demanding compensation from agro-industrial giant Sinimexim Investment Co Ltd for bulldozing their plantation land. District Governor On Phearak said authorities had to intervene to uphold ...

The International Labour Organization (ILO) yesterday cast doubt on the Garment Manufacturers Association in Cambodia’s (GMAC) bleak outlook for the rest of 2014, after the association claimed that deadly violence sparked by wage disputes would result in clothing brands reducing future orders. Speaking from Bangkok, Maurizio ...

Scores of people in Preah Sihanouk province’s Kompong Seila district have asked the provincial court to delay proceedings in a case filed against them by three local businesspeople in September. The 88 people received summonses in September, but yesterday asked the court to postpone a hearing ...

Twenty-nine families living in Pursat province have been given less than a month’s notice to pack up their belongings and move off state forest grounds. Local authorities handed out the 30-day eviction order on Sunday, according to Chhorn Khorn, a resident living in Phnom Kravanh district’s ...

In the latest series of arrests involving illegal logging on the Cambodian-Thai border, 21 Cambodians were picked up by Thai authorities on Friday while attempting to smuggle rosewood into Oddar Meanchey province, a rights group said yesterday. Srey Naren, provincial coordinator for rights groups Adhoc, ...

Phnom Penh governor Pa Socheatvong said that authorities will not use forces to crack down on protesters. The governor met with Phnom Penh officials to clarify the government’s position on how to deal with protests led by Cambodia National Rescue Party (CNRP). Pa Socheatvong added the ...