Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...

Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. Banks in the country have been required to publicly disclose financial ...

As predicted by the International Monetary Fund and World Bank earlier this year, growth in Cambodia’s garment sector has started to slow due to weakening demand from markets in the US and Europe. According to the latest figures released by the Garment Manufacturers Association in Cambodia ...

Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...

More than 170 villagers in Banteay Meanchey province locked in a land dispute with a local company protested yesterday in front of the provincial hall, seeking land titles in compliance with Prime Minister Hun Sen’s recent titling project. The families say they had been granted a ...

The number of fixed-line telephone subscribers in Cambodia increased by four per cent in 2012 compared to 2011, standing in sharp contrast to a mobile phone subscriber growth of 22 per cent in the same period, statistics show. According to figures from the Ministry of Posts ...

Ethnic Bunong communities in Mondulkiri’s Bousraa commune will soon hold protests that will call on French industrialist Vincent Bollore to honour promises his firm made during a meeting with them in Paris in October, a representative has said. His Bollore investment group is a shareholder in ...

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

Prime Minister Hun Sen has fiercely defended his right to grant economic land concessions after issuing a moratorium on the leases in May, pointing to a loophole in the ban which exempts ELCs that already had in principle approval. Hun Sen attacked the Post and the ...

PetroVietnam Fertilizer and Chemicals Joint Stock Company (PVFCC) opened a branch in Cambodia in order to facilitate the direct sale of their imported fertilizers to farmers directly. The company gave away 25 tons of fertilizer free in Battambang province in order to celebrate the opening. ...

Two men have been placed in pre-trial detention for “fishing using electric shock devices” in a Mekong River Irrawaddy dolphin conservation zone in Kratie province. A 104kg, 1.98m male dolphin was found dead in the same preservation area on Sunday after its flipper became entangled ...

The production of Nutrix, a new fish-based wafer snack, was launched in Phnom Penh on Monday to assist in the fight against “severe acute child malnutrition” in Cambodia. The Nutrix facility is the first of its kind in the Kingdom and only the second in ...

After three years of processing, two Phnong villages in northern Kratie province finally received community land titles on Saturday, the first to do so in Kratie province. Currently, there are two more villages with community land titles in Ratanakiri, and seven in Mondulkiri, making eleven ...

After graduating from Setec Institute in Phnom Penh in 2014 with a degree in information technology, Chhit Chanmony, 23, is confident in her ability to build a website using various scripts. ...

Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...

A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...

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 biggest US trade delegation to Cambodia in decades joined Secretary of State Hillary Clinton here as the two countries look to expand their economic relationship beyond exports of cheaply produced garments. “On the economic front, there is much more room for us to grow ...

Representatives of 44 families embroiled in a violent land dispute in Banteay Meanchey province say they are living like squatters and haven’t been granted long-promised property in the area. Kao Ty, a defence lawyer for the families, said that his clients are among the more than ...

Asian Development Bank (ADB), will conduct a press tour in Kampong Thom province in Cambodia to evaluate and report on how the “Improving Market Access for the Poor in Central Cambodia Project” is helping to increase household incomes and create jobs for poor communities in ...