Amret, one of the largest micro-finance institutions (MFIs) in the country, has announced that it is making plans to raise the capital required to become a full commercial bank by 2015, an official at the institution said yesterday. Chea Phalarin, CEO of Amret, said the decision to expand ...

Canada-based life insurance company Manulife Cambodia will launch a big advertising campaign on tuk-tuks this year to raise awareness of its services. Manulife Cambodia chief executive Robert J Elliott said the campaign would begin with 75 tuk-tuks. He believes between one and two million people ...

Six Boeung Kak village representatives will appear in Phnom Penh Municipal Court accused of threatening to kill their one-time representative Ly Mom, who was spoke on their behalf from 2007 until last year. Although no charges have been laid, Ly Mom is demanding $10,000 from each ...

The majority shareholder of Timbergreen, a firm that has been the centre of illegal logging allegations, has denied the company is in any way involved in the illicit trade of timber. The company has gained significant attention since prominent environmental activist Chut Wutty, who had made ...

Prime Minister Hun Sen’s June order that land be cut from economic land concessions and returned to displaced villagers – a move that has alternately inspired gratitude and scepticism – now has a high-profile public face: one of his sons. Hun Manith, deputy chief of Hun ...

While Cambodia has made remarkable gains economically over the past decade and more-the Kingdom’s poverty level fell from 47 percent in 1994 to 25 percent this year-there are still some stubborn areas of underperformance. One is the issue of food security. While in recent years, the country has largely been able to produce ...

The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...

THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...

The Koh Kong Provincial Court yesterday convicted a private security guard of accidentally killing the military police officer who allegedly shot dead the country’s most prominent environmental activist, Chut Wutty, and sentenced him to two years in prison. The presiding judge, Kham Sophary, then immediately suspended ...

Three Vietnamese nationals and one Cambodian were hospitalized Saturday after two commercial buses driving between Phnom Penh and Ho Chi Minh City collided in Svay Rieng province, police said yesterday. Ouch Sarun, provincial traffic police chief, said that the two buses [belonging to Van Rec. Co. Ltd., and ...

FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...

A new made-service company that claims to be the only one of its kind in Cambodia is offering an alternative employment option for the country’s many domestic workers who face insecure, and often abusive, workplace conditions overseas. Ming Hour Home Service, which opened in July, employs ...

Sar Botra has always liked gardening. The front yard of his house, an explosion of flowers and plants, makes it clear that he’s got a very green thumb. He used to spend a lot of time with his plants after work or on the weekends, ...

Until the arrival of large-scale development around her home in the northeastern province of Ratanakkiri, Sav Samourn, a member of the ethnic Jarai minority, was frightened of wild animals and ghosts. But as trees disappeared and industrial machinery razed the forestland, the old fears fell away. ...

During a presentation at the 2013 International AIDS Society Conference on HIV Pathogenesis, Treatment and Prevention in Kuala Lumpur, Malaysia, Cambodia showed its new initiative called “Cambodia 3.0” which aims to eliminate new infections of HIV by 2020. Cambodia had one of the fastest growing HIV ...

An indigenous ethnic Banong community in Mondolkiri province yesterday began the final stage in acquiring a communal land title, setting it up to become only the sixth community in the country to secure one of the coveted documents. Established by the 2001 Land Law, communal land ...

The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to ...

During a small press conference yesterday, the founder of the Independent Monk Network said about 30 police officers came to Wat Botum two nights in one week, asking to search the premises for “bad men” who may be hiding there. The visits occurred on the nights ...

The government announced on Friday it would set up two commissions headed by Interior Minister Sar Kheng to investigate clashes between police and protesters early this month that left at least four dead, more than 20 injured and 23 arrested, a move criticised by rights ...

Cambodia’s political rivals are set to hold crisis talks as crowds massed for a second day to protest a disputed election, following violence that left one demonstrator dead and several wounded. Prime Minister Hun Sen and opposition leader Sam Rainsy were due to meet at 9am ...