Kuala Lumpur–Lion Forest Industries BHD (LFIB) is acquiring 58,000 hectares under an economic land concession (ELC) in Cambodia for US$26.1 million (RM78.3 million) to cultivate oil palm and rubber trees. LFIB said on Monday, Aug 29 the concession would not be less than 70 years under ...

American business group Akra, led by Cambodian-born former US ambassador to the United Nations, Sichan Siv, has signed an agreement with a rice mill under a new co-operative structure it says puts ownership and profits back in to the hands of Cambodian producers. Akra’s managing director ...

A Phnom Penh municipal official said yesterday that they would investigate mounting complaints that authorities have been forcing the capital’s residents to thumbprint letters supporting the preliminary election results and promising not to join demonstrations. Residents in Daun Penh and Tuol Kork districts told the Post ...

A few garment factories resumed operations in Phnom Penh on Friday, albeit at reduced capacity, as thousands of workers returned to the city after Khmer New Year celebrations in the provinces. While the majority of factories in Meanchey and Pur Senchey districts stayed closed, it remained ...

The Cambodian government has begun a series of reforms intended to strengthen economic independence and promote business in the Kingdom, as they prepare for the possible loss of preferential trade access to the EU and US in the coming months. Prime Minister Hun Sen on ...

Activists in the northern provinces of Cambodia claimed on Tuesday that while police forces are busy providing security for the July 29 national elections, they are witnessing a worrying spike in forest crimes. Prey Lang Community Network activist Phok Hong told The Post that forest ...

The Ministry of Tourism has warned that it will revoke the licences of eateries that cater to tourists if they are found without a hygiene certificate from the Ministry of Health or provincial health departments. A directive signed by Minister of Tourism Thong Khon on ...

Foreigners will again be allowed to be self-employed in a bid to attract skills and investment to the Kingdom, after a ban on them running small businesses that could affect the livelihoods of Cambodians was proposed in August. An announcement by the Ministry of Labour ...

Work began yesterday on Cambodia’s first national environmental plan in more than a decade. Once completed, the National Environmental Strategy and Action Plan (NESAP) will form the backbone of Cambodia’s environmental policy until 2023. The far-reaching plan – which is expected to be put into ...

Work began yesterday on Cambodia’s first national environmental plan in more than a decade. Once completed, the National Environmental Strategy and Action Plan (NESAP) will form the backbone of Cambodia’s environmental policy until 2023. The far-reaching plan – which is expected to be put into ...

The National Assembly’s spokesman yesterday dismissed a statement released by the dissolved opposition CNRP criticising an extraordinary session of parliament called this week to pass amendments to the Penal Code and constitution. An extraordinary session was held on Wednesday to discuss and then approve the Penal ...

Go communication Group of Malaysia bought all shares of Active Event Management, advisement agency in Cambodia but it keeps all staff and management team for the agency. The announcement was made in the meeting under witness of information minister H.E Khieu Kanharith, he is also spokesman ...

Employers and job seekers traded resumes for business cards by the thousands yesterday in Phnom Penh for the final day of the weekend-long 8th annual Career Forum on Koh Pich. A total of around 15,000 people attended the forum sponsored by the French Chamber of Commerce, ...

Nearly 6,000 striking garment factory workers briefly blocked Road 371 in Phnom Penh’s Meanchey district on Friday to bring attention to their demands for higher salaries, union officials and protesters said. Marking the third day of strike action, the mainly female workers moved into the middle ...

Cargo shipments through Sihanoukville’s Deep Sea Port increased more than seven per cent year-on-year in 2012. Port officials say this growth is a result of Cambodia’s economic performance and an improving global economy. “It is a fast rate of growth compared with previous years. We had ...

Residents in the vicinity of Kab Ko market in Phnom Penh’s Chamkarmon district found themselves fumbling in the dark yet again yesterday on the second consecutive day of hours-long power outages. According to locals, electricity to the street failed around noon on Wednesday and was restored ...

British Prime Minister’s Trade Envoy Lord Puttnam will visit Cambodia from March 4 to 7 to strengthen bilateral trade and investment relations, according to a press statement from the British Embassy here on Monday. During his visit, Lord Puttnam will call on Prime Minister Hun ...

Professor Muhammad Yunus, a Nobel laureate who is considered the founding father of microfinance, urged an assembled crowd at the Royal University of Phnom Penh yesterday to start thinking about creating so-called social businesses. “Charity money goes, and does wonderful work, but it doesn’t come back,” ...

Bangkok Bank’s international business this quarter is expected to witness a slowdown due to global market uncertainty, while Vietnam, which is an important market for BBL, has been sidelined by currency woes. Cambodia has some 40 banks, 10 of which are foreign. Given the size ...

The newly established National Commercial Arbitration Center (NCAC) may have been set up to al­low businesses to settle disputes outside the court system, but it still needs support from judges and court officials to do its work effectively, its president said on Friday. Speaking at ...