Sri Lanka’s Touchwood Investments PLC has acquired 11,138 hectares of land in Cambodia to set up an agricultural project to plant rubber and other crops. Chairman of the firm, Roscoe A. Maloney, says the acquisition done in the previous financial year is aimed at exploring the ...

Container traffic through Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year versus the same period last year, hitting the port’s record on Tuesday. During the January-August period this year, the port had received 57,000 twenty-foot-equivalent units, or TEUs, ...

At least five people were killed and some 15,510 families have been affected by flash floods thAt have been hitting the country’s Banteay Meanchey province since earlier this month, the lAtest report of the NAtional Committee for Disaster Management (NCDM) showed Tuesday Some 14,300 houses have ...

Despite a court-ordered land title in their favour, 163 families in Phnom Penh’s Sen Sok district last week watched excavators rip apart their homes at the behest of two district deputy governors. The forced eviction, denounced in a petition delivered on Friday to Prime Minister Hun ...

Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...

It’s a nearly 300-kilometre stretch of rail in disrepair. More than 60 bridges – some crumbling, some dotted with landmines at the base – lie on the line between the towns of Bat Deong, northwest of Phnom Penh, and Sisophan near the Thai border. The ...

Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday. As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in ...

Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...

Trade between Cambodia and South Korea has risen by almost 40 percent in 2012, a South Korean trade official said. Ki Bong-moon manager of the trade and investment unit at the intergovernmental body the Asean-Korea Centre, said in an email on Sunday that trade between ...

Renaissance Minerals has raised $10 million for its gold-mining program at the Okvau deposit, in Mondulkiri province. The Australian company had estimated the area contained 729,000 ounces of gold. Renaissance’s biggest challenge would be to finance the project by equity investments world-wide, Tremain said. Renaissance is ...

The inclusion of 20 communes to the central Phnom Penh water supply in the past year has resulted in a dramatic increase in demand and subsequent shortages, Phnom Penh Water Supply Authority officials said yesterday. “Water demand in Phnom Penh is growing fast day to-day, ...

Trading on Cambodia’s stock exchange has begun for the first time after a state-run company completed its initial public offering. Some 13 million shares of the state-run Phnom Penh Water Supply Authority were offered at 6,300 riel ($1.57) per share. The stock exchange was officially launched in ...

Champagne greeted the movers and shakers at the highest level of Cambodia’s tallest building yesterday in a ceremony that marked substantial completion of the structure of Vattanac Capital Tower. Designed in the shape of a dragon with particular attention to the Chinese art of placement for ...

Prime Minister Hun Sen yesterday urged Cambodian food and beverage companies to look to export markets. The call, made at the opening ceremony of the Khmer Brewery, came in the wake of similar exhortations from international organisations for Cambodia to diversify its exports. “Now, we are not ...

The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...

A long day of negotiations failed to resolve a factory dispute yesterday at a company that supplies to major international brands Gap, Levi’s and H&M. After more than 1,500 workers from SL Garment Processing (Cambodia) factories in the capital’s Meanchey district marched to the Ministry of ...

The president of the Cambodian Alliance of Trade Unions has been summonsed to Kandal Provincial Court to answer incitement and defamation allegations levied against her by the owner of the strike-plagued Tai Yang Enterprise factories. The court complaint comes ahead of major negotiations today in the ...

Cambodia on Monday broke ground for the construction of a 19-million-U.S.-dollar flyover in Phnom Penh’s southwestern part to meet the growing number of vehicles. Prime Minister Hun Sen said it will take 28 months to complete the construction of the 429-meter flyover. “The sky bridge will not ...

China has reportedly dispatched embassy officials to investigate a major breach at the Chinese-built Stung atai dam in Pusat province on Saturday, which swept away four men, three of whom are still missing. Yang Tian Yue, spokesman for the Chinese Embassy in Phnom Penh, told local ...