The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for ...

Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases ...

Government officials and a representative at Unesco in Phnom Penh yesterday said that Sotheby’s in New York had no right to a 10th-century Khmer statue worth more than $2 million that US federal agents were expected to seize from the auction house today. On Wednesday, New ...

About 800 Cambodian workers in Thailand went on strike yesterday against a major global seafood exporter they accuse of exploiting them. The factory, which has been identified by workers and rights groups as Phatthana Seafood Co Ltd in Thailand’s Songkhla province, allegedly scrapped a 20 baht ...

Aiming to disrupt the thriving local ride-hailing market with a new business model, Belarus-based Onde recently announced its intention to enter Cambodia.​ In an interview with Khmer Times, a representative of the startup said they provide the software entrepreneurs need to run their own taxi ...

Almost a year after cassava producers in Pailin were fingered as the source of pollution in a local water source, little has been done to address the problem, commune officials said yesterday, while affected villagers are being forced to buy bottled water to avoid getting ...

China Unicom, the country’s largest telecoms operator, has expanded into Cambodia to build optical telecommunication pathways in the Kingdom as part of the Belt and Road Initiative (BRI). The Hong Kong-listed company officially opened its China Unicom (Cambodia) subsidiary on Monday to become the latest industry ...

Some 10 environmental activists launched the Riding a Bicycle for Prey Preah Roka campaign from November 29 to December 2.​​ They will ride across 300km from Phnom Penh to Preah Vihear province to promote natural resource protection and conservation amid threats of deforestation in the forestry ...

.Cambodian government must rise its tax revenue intake if it to stay on a sustainable path toward development, International Monetary Fund officials have said. Although Cambodia is experiencing increased growth in trade and investment, the country should broaden its tax base to create sustainable revenue collection, a ...

Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...

As the region’s top brass gathered in Phnom Penh for the Sixth Asean Defense Ministers Meeting, it was Beijing that once again stole the show with Chinese Defense Minister Liang Guanglie signing off on nearly $19 million in military aid to Cambodia. In the country on ...

No ground was broken in May on the New Siem Reap International Airport (NSRIA), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIA Co Ltd, an equal joint ...

Despite authorities turning a blind eye to their villages for more than 15 years, about 2,000 families living near Preah Sihanouk province’s Kbal Chhay waterfall face imminent eviction to make way for a clean-water processing plant, officials said yesterday. Prime Minister Hun Sen’s recent bold move ...

PTT Plc, the national energy conglomerate, is moving forward with plans to establish a retail oil business in Myanmar by working with a local partner Currently, oil consumption per head in the neighbouring country is very low at 38 litres annually, compared to 140 litres in ...

A Cambodian maid who recently returned home from work in Malaysia fell ill and died over the weekend, highlighting ongoing concerns over the treatment of impoverished Southeast Asian women who seek work abroad but are often abused by their employers. Kuy Lyda, 17, died at a ...

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...

More than 500 villagers from Stung Treng and Ratanakiri provinces held a traditional sacrificial ceremony yesterday, calling on a local spirit to help in postponing the construction of a 400-megawatt hydropower dam in Stung Treng’s Sesan district. Siek Megong, Srekor commune chief, said the villages ...

Kheng Chen had her hair cut in January and sold it to a broker for just under US$8. She isn’t happy with the close-cropped style because it makes her look older than her 48 years. But when Kheng Chen grows her hair back in a few ...

Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...

Vatha, a 42-year-old construction worker, has been toiling for four years at numerous building sites across Phnom Penh. He knocks down dilapidated dwellings and in their place builds houses and apartments that are bigger, better – and increasingly higher – as demand for residential property, especially ...