Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda Bank and Cambodian Public Bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...

Following a decision in March to give land back to residents of 13 communes in Pursat province from a vast economic land concession belong to the conglomerate Pheapimex, boundaries have yet to be drawn, and ownership of the land still remains unclear, residents and a ...

A delegation of more than 30 Japanese businesspeople yesterday met with the Council for the Development of Cambodia to discuss investment opportunities in the Kingdom, after seeing what they said were vast improvements in domestic legal and tax regulations.  However, no definite decisions had yet ...

Despite signs that demand is starting to come back to the real estate sector, an oversupply in the market has kept prices for commercial and residential properties in Phnom Penh flat over the past 12 months, according to data from Bonna Realty Group. Prices for commercial ...

Prime Minister Hun Sen yesterday added his two cents to the ongoing debate on what Cambodia’s debt to China actually is, declaring it stands at only US$2 billion. At a ground-breaking ceremony marking the beginning of construction on Phnom Penh’s Cambodia-China Friendship Bridge, the premier rejected ...

A Malaysian parliamentarian has lashed out at his own government and police for their “callous approach” in failing to take proper action in response to the deaths of nine Cambodian domestic workers in their country this year, Charles Santiago, a member of the opposition Democratic Action ...

The Industrial and Commercial Bank of ChIna (ICBC) launched its first branch In Cambodia yesterday, brIngIng the total number of commercial banks In the country to 30. SpeakIng at the Inauguration of the branch In Phnom Penh, FInance MInister Keat Chhon made an appeal to ICBC ...

Nautisco Seafood Manufacturing inc, a Canadian-Cambodian shrimp producer in Preah Sihanouk province, has accused the private equity fund Leopard Capital, one of its shareholders, of draining the company of its finances. in a statement released Friday, Nautisco said that Phnom Penh Municipal Court had ordered the ...

Brett Sciaroni, the storied founder of Sciaroni and Associates in Phnom Penh, is in Washington for a two-day State Department business conference where he will urge US companies to invest in Cambodia, the firm said in a statement. Mr. Sciaroni will be representing Cambodia as president ...

The Kratie Provincial Court yesterday charged a truck driver with illegally collecting and transporting luxury wood after forestry officers last week confiscated 148 pieces of luxury wood totalling 31.2 cubic meters from his truck, which had been transporting the timber along National Road 7 ...

The Cambodian Legal Education Center (CLEC) is “extremely concerned” after an investigation following a mass fainting last month at Nanguo garment factory in Preah Sihanouk province last month found that at least one to two workers are fainting daily in eight factories in the province. ...

The Supreme Court yesterday upheld the verdict of the Appeal Court regarding the division of assets in a high-profile divorce case that has bounced back and forth between the courts for years. Yesterday’s ruling decreed that Nina Kanikar You, ex-wife of former Funcinpec Secretary of State ...

The rehabilitation of Cambodia’s dilapidated railway network is nearly six months behind schedule, and with more than a year’s worth of work to do, the project is running out of money, a consultant for the Ministry of Public Works and Transport said yesterday. Paul Power, a ...

ASEAN finance officials and the heads of regional central banks yesterday homed in on the possibility of economic crisis as well as potential means of averting contagion in fledgling Southeast Asian economies. The officials have also agreed “in principle” to doubling a regional currency fund to ...

Diamond Island Development Co Ltd, owned by Canadia Bank, yesterday bought a 15 per cent stake in investment and Development Company of Cambodia (IDCC)’s Cambodia-Vietnam insurance Plc. The companies declined to give the value of the stake. Ngay Mengly, sales officer at Cambodia-Vietnam insurance Plc, said ...

The government has announced the approval of a feasibility study to be conducted in Koh Kong province, signalling to demonstrators who have been rallying in front of the Land Management Ministry office in Phnom Penh that their land dispute may come to a close. ...

The Council for the Development of Cambodia (CDC) on Thursday announced it has approved four projects so far in June, amounting to $1.9 billion. CDC posted in its Facebook page that since the beginning of the month it has issued final registration certificates for four ...

Sihanoukville International Airport is set to see higher passenger arrivals, thanks to the refurbishment of its passenger termInal, Cambodia Airports announced. In a press release on Wednesday, the operator of the KIngdom’s three airports said the refurbishment is In preparation for an IncreasIng number of ...

The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...

Cambodia is going to conduct a population census in March next year, Minister of Planning Chhay Than said here on Tuesday. “We plan to spend 8.5 million U.S. dollars for the one-week census, which will be commenced from March 3, 2019,” he told reporters after a ...