This week the price of Phnom Penh Water Supply Authority Stock dropped continually from KHR 7,000 (US$1.72) on June 7 until it stopped and stayed at KHR 6,8oo (US$1.67) from June 11 to June 13. On June 13, the stock’s price at the market’s opening and ...

The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...

Although Mfone subscribers are due to transfer their accounts to Mobitel today, the Post has learned that telco provider Huawei Technologies (Cambodia) is still waiting for a court to rule on the legality of the transaction. Huawei’s lawyer, Kuoy Thunna, filed a letter late last month ...

The 16th Conference of Parties of the Convention on International Trade in Endangered Species (Cites) has brought thousands of delegates from over 150 countries to Bangkok to discuss cross-border cooperation, sustainable use of biodiversity and transnational endangered species issues. Construction has already begun on the ...

U.S. Ambassador to Cambodia, William E. Todd returned from a reverse trade mission in the United States to promote trade and investment opportunities in Cambodia. Around 50 Cambodian business representatives accompanied Mr. Todd in meetings with several U.S. businesses, investors, and trade associations in Long Beach, ...

Floods have submerged a prison in northwestern Banteay Meanchey province on Thursday, forcing the authorities to evacuate all 842 prisoners to detention centers in other provinces. “The prison is badly inundated and we are moving the prisoners to prisons in neighboring provinces,” Phin Sophal, chief of ...

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...

The Phnom Penh Municipal Court on Wednesday charged convicted British pedophile Richard Fruin, 36, with sexually abusing two brothers, aged 8 and 11, at a guesthouse in Phnom Penh, court officials said. While the court has yet to decide Fruin’s fate, his case—and many similar ...

The long-awaited draft law on the Supreme Council of Magistracy continues the practice of secret votes and gives Justice Minister Ang Vong Vathana key powers, according to excerpts from the document, but it would reduce the position of King Norodom Sihamoni if passed in its ...

Cambodia’s tourist arrivals registered a 4.7% growth in March according to the country’s statistics and tourist Information Department. The country attracted 400,076 visits compared to 382,206 during the same month last year. Released by the Ministry of Tourism, late last week, data showed Vietnam led the field ...

Cambodia’s newly established government panel to investigate minimum wage reform held its first meeting Thursday to lay out a strategy for addressing the hot button issue, as union leaders announced plans to protest to back their demand for monthly salary increases for footwear and garment ...

Vietnam’s President and the Cambodian Government have reaffirmed their commitment to strengthening bilateral relations and cooperation, driven by a shared cultural heritage and principles of good neighbourliness. Both sides aim to expand and deepen their partnership for the betterment of their peoples and nations. ...

The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development ...

A month after the Ministry of Environment (MoE) signed a memorandum of understanding (MoU) with the Ministry of Trade, Industry & Energy of the Republic of Korea (MOTIE) on the implementation of Article 6 of the Paris Agreement, Verywords Friday launched the Korea-Cambodia greenhouse gas ...

AN HOUR’S drive south of Phnom Penh, deep in rural Cambodia, Chrek Heang is doing the rounds of his rapidly expanding poultry and fisheries business. Just four years ago he was living, like most of his countrymen, in a small wooden hut with a tin ...

NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...

The British chairman of an embattled agricultural investment firm was arrested Saturday by Cambodian authorities over charges of forging documents and using them in an attempt to illegally purchase thousands of hectares of land, a court prosecutor said. Greg Fryett, the main shareholder of Sustainable Agro ...

Prime Minister Hun Sen yesterday urged China to come up with enough funding for Cambodia to build a 3.5km bridge across the Tonle Sap and connect National Road 6 in Kampong Thom with Kampong Chhang province. Speaking at a ground-breaking ceremony for a $20 million Chinese ...

A private VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion. NagaWorld, the ...