Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, priced its shares at 5,120 riel ($1.26) following a bookbuild to institutional investors as it looks to raise $5.2 million in an initial public offering, according to disclosure documents released yesterday. ...

Chroy Changvar district residents affected by the Overseas Cambodia Investment Corporation’s (OCIC) satellite city project have again appealed to authorities to help them solve their land dispute, especially ahead of the upcoming commune elections, instead of the Phnom Penh city hall’s below market value compensation ...

Thailand’s second-largest insurer is looking to enter the Cambodian market by next year, local Thai media reported yesterday. Dhipaya Insurance announced it has applied for a licence to operate in the Kingdom and is the latest international insurance company planning to offer services in Cambodia’s ...

Despite failing in its latest attempt to win the Philippine government’s bid to import rice, Cambodia will once again throw its hat into the ring when the offer is reissued, industry representatives said yesterday. ...

Phnom Penh Commercial Bank will offer “wedding loans” to newlyweds, a product based on a similar borrowing practice is South Korea. The majority-owned South Korean bank will set aside more than US$1 million for start-up families that don’t want their parents shelling out savings for new ...

With the ruling CPP having voted in its National Assembly leadership and government ministers on Tuesday, officials from the CNRP said opposition lawmakers would not take their seats in parliament unless the party is guaranteed control over the National Assembly. “I think that the two-day meeting ...

The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...

It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...

Rural Cambodian communities are seeing economic benefits as a result of a biomass and farming resilience project run by GERES, a French NGO. As part of the AREA project, 200 households in Kampong Chhnang province are growing 22 varieties of trees to negate the effects of ...

Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang ...

Rubbish collectors went back to work in the capital yesterday after further concessions were made following the workers’ rejection of a deal struck on Tuesday evening between union representatives and waste disposal company Cintri. Union representatives had said they had reached a deal with the firm, ...

Nearly 500 women were tested this month in a screening drive at Phnom Penh’s Calmette Hospital for human papillomavirus (HPV), two strains of which are known to cause cervical cancer, but the free Pap smear was advertised as being available only to married women. Hav Monirath, ...

Ministry of Interior officials announced yesterday that three more villagers accused of involvement in a “secessionist plot” in Kratie province turned themselves in and confessed their guilt on Saturday, taking advantage of the prime minister’s offer of immunity for those who agree to act as ...

A villager living at Boeung Kak lake claimed yesterday that staff from Shukaku Inc, owned by ruling party senator Lao Meng Khin, threatened to demolish her home if she rejected an alleged US$80,000 offer to purchase the property Lao Vann, deputy director-general of Shukaku Inc, yesterday ...

The banana is Cambodia’s national fruit and makes an excellent after-meal dessert. But its popularity extends further than just being a sweet fruit. Due to its affordable price, it’s also food for the poor and can be used regularly as offerings to the spirits or ...

The Justice Ministry is investigating accusations that surrogacy services are being offered in the Kingdom as rumors spread online. Minister of Justice Ang Vong Vathana said yesterday at a three-day workshop launching the “Explanatory Note of Domestic Adoption,” he was unsure if the rumors pertained to ...

Nineteen families from Svay Pak commune in Russey Keo district protested for a second day Wednesday after their homes fell into the Tonle Sap River. Twenty-four houses along the river have been affected, they said. Although five have already left, the other 19 refuse to accept ...

Political analysts at the US-based Heritage Foundation say relations with Cambodia are overdue for reform. In a recent analysis, “Promoting True Democratic Transition in Cambodia,” the Washington think tank says the 2013 elections, which the opposition claims were marred by widespread fraud, offer a chance to ...

ACLEDA Bank PLC, the Cambodia’s leading commercial bank, has launched a new service called “ACLEDA Internet Bank”, according to a statement on its website. The statement said the new service would offer additional alternative for its value customers in doing financial transactions via the internet at ...