Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market,  the companies aimed to provide a combination of advisory and underwriting services for companies ...

A ninth telecoms operator would enter the Cambodian market next year, officials said yesterday, surprising insiders who claimed the sector was already overcrowded. Camintel, a joint Cambodian state- and Korean-owned company, would offer mobile services in 2012, CEO Kang Namkook said yesterday at a telecommunications conference ...

Refresh Mobile yesterday announced the purchase of mobile banking outfit WING from Australia’s ANZ, although the amount of the deal was not released. WING will join Refresh’s stable of electronic payment and cell phone top-up services, in addition to soon offering overseas mobile remittance capabilities, Refresh ...

More than 200 Taiwanese tourists traveling to and from Angkor Wat in Cambodia were delayed yesterday after Far Eastern Air Transport (FAT) unexpectedly suspended its flights to the world heritage site. The Taiwanese airline, which resumed services in April last year, leased one of its aircraft ...

The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era ...

Chinese President Xi Jinping is not one to arrive without a gift. On his first visit to Cambodia as head of state on Thursday, he pledged some $237 million in aid, erased almost $90 million in state debt, offered nearly $15 million in military support and ...

Russian President Vladimir Putin says the Asia-Pacific region’s trade with Europe via Russia will surge by at least five-fold by 2020 as traditional sea routes become less competitive. His remarks came in a commentary published by the Wall Street Journal ahead of a summit of leaders ...

Malaysia-based GO Communications Group has acquired Active Event Management, one of the leading public relations and events agencies in Cambodia. The 100-per-cent buy-out follows the group’s signing of a partnership agreement with leading Thai PR agency DC Consultants in May. Danai Chanchaochai, CEO of DC Consultants, said ...

Local authorities in the capital’s Russey Keo district had offered residents living along the banks of the Tonle Sap $500 compensation in the wake of sand dredging that began a week ago and has already caused structural damage to their homes, villagers told the Post ...

The Kandal Provincial Court yesterday tried and convicted a Chinese factory supervisor for damaging a photograph of the moon in which the likeness of the late King Father Norodom Sihanouk is believed to have been seen. Judge Lim Sokuntha said the court had sentenced Leav Kuyseang, ...

NagaWorld casino is set to inaugurate its first office in Vietnam on Saturday with high-ranking Cambodian officials set to attend. The casino’s owner, NagaCorp, has announced plans to draw more customers from Vietnam, though Hem Sopheak, a senior media executive for the casino, said all details ...

A higher minimum salary for Cambodia’s garment and footwear worker is still not within sight after talks broke down Tuesday between unions representing the workers and their employers, officials said. The garment and footwear workers unions proposed to nearly double the current minimum monthly wage of ...

After pounding on her chest and demanding a pig’s head, fruits and flowers to be offered to the angry spirit that she believed had taken over her body, garment worker Srey Mom collapsed on the floor of the Global Factory in Kandal province’s Ang Snuol ...

The Fisheries Administration and the United Nations’ Food and Agriculture Organisation (FAO) on Friday officially launched a program to protect Cambodia’s coastline from over-fishing, erosion and other damage to coastal environments and livelihoods. Since the beginning of the year, the program has been training local officials ...

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. Sathapana operates through 101 offices (74 branches and ...

The Phnom Penh Special Economic Zone (PPSEZ) plans to raise money to fund an expansion through an initial public offering, a senior official from the Securities and Exchange Commission of Cambodia (SECC) said yesterday. If successful, PPSEZ could become one of the few companies to list on ...

Ol Sok Hour, a keen and promising student, had his life turned upside down two years ago when his parents died of AIDS. Yesterday, the NGO celebrated the launch of its Graduation House, a facility that will offer accommodation and support for orphaned tertiary students. ...

About 1,000 workers protested outside the Chinese-owned Komchay Mear Trading factory in Prey Veng province on Saturday morning after managers refused to give them a government-mandated salary advance for the Pchum Ben holiday, officials and unionists said on Sunday. The protest was short-lived, however, ending Saturday ...

Child labor has been a problem plaguing Cambodia for years, and a new agreement between the International Labour Organization’s Better Factories Cambodia (BFC) and the Garment Manufacturers Association in Cambodia (GMAC) is the latest effort to eradicate it. “The agreement emphasizes collaboration between BFC and ...

Ethnic minority villagers who live in the planned reservoir zone of the Lower Sesan II hydropower project along the Sesan and Srepok rivers have said they will not move from their homes unless the dam company and authorities pay for the removal of their ancestors’ ...