Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...

As the ASEAN Economic Community (AEC) raises Cambodia’s profile as a member of one of the world’s largest trade zones, investors around the world are considering Cambodia as a gateway to the region and it should take advantage of this opportunity by diversifying its economic ...

Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...

The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...

The Angkor Elephant Company has pledged to reduce the working hours of its animals following the death last Friday of Sambo, one of 14 elephants it uses to carry tourists around the Angkor Wat temple complex, although critics say anything short of their release from ...

Cambodia’s Ministry of Defence has demanded an apology from Thai media outlets for reports linking Defence Minister Tea Banh to a recent case of alleged cross-border arms smuggling by a Thai air force officer, one which has also ensnared an official from Cambodia’s Interior Ministry ...

Prominent opposition Commune Chief Sin Rozeth has been formally chastised by Battambang officials for seemingly minor violations – such as erroneously declaring certain services free and keeping her own records – in a case one analyst said reflected the harassment opposition officials have faced since ...

Sihanoukville officials are scrambling to figure out how they will collect rubbish throughout the city – one of the top tourism destinations in the country – if waste management firm Cintri makes good on a recent threat to halt services on September 14, raising concerns ...

Prime Minister Hun Sen on Wednesday pledged his commitment to preventing garment factory owners from escaping their obligations to workers by closing their factories without warning, even as the current lack of a formal system for dealing with such situations has left at least one ...

For the ruling CPP, the promise was to appoint a woman as governor for one of the country’s 25 provinces. For the opposition CNRP, its boast was having 60 female commune chief candidates—up from fewer than 10—to run in Cambodia’s 1,646 communes for this year’s ...

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of Mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

This year’s early rains and a swift response to drought-like conditions in two provinces will spare Cambodia the searing droughts that plagued it in 2015 and 2016, the National Committee for Disaster Management (NCDM) said yesterday, though one development partner cautioned that lasting drought preparedness ...

Thai soldiers on Thursday detained four Cambodian men, three women and a one-month old baby after they crossed the border to find work. The Cambodian Consulate in Thailand’s Sa Keao province said it quickly secured the release of the group, who were from Sout Nikom ...

The CPP claims to have received 390 defections as of Monday. They include one lawmaker, 33 provincial and district councillors, and 356 commune officials, of whom 33 are commune chiefs. The chiefs account for around 7 percent of the 489 CNRP chiefs elected in June, ...

In 2018 there will be three elections in our immediate region – the much-predicted (and confirmed by the Thai PM) Thai election, another in Cambodia and one in Malaysia. All have their very local versions of democracy which will shape the outcomes. All are vital ...

Civil society organisations yesterday asked the government to strengthen legal measures against perpetrators of violence against women and children.The request was made at the 2018 One Billion Rising Campaign at the Chenla Theatre in Phnom Penh, where more than 300 people gathered to discuss protecting ...

Boeung Kak land activists have called on the government to release one of their most prominent representatives, Tep Vanny, who was charged with intentional violence related to a protest outside Prime Minister Hun Sen’s house in 2013, a case reactivated after she was arrested during ...

The National Tourism Development Committee was created this month to boost the development of one of Cambodia’s most important economic drivers. ...

The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...

Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mine the Phum Syrang prospect on one of its economic land concessions in Ratanakkiri province. “We’ve been exploring the area since 2006. We’ve been drilling holes and there’s ...