Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed Deal to obtain an exploration license. Astra Resources Plc. has also gone ...

The occupants of 90 Phnom Penh households whose homes were partially or completely dismantled to make way for the Railway Rehabilitation Project partly funded by the ADB have demanded the bank offer them fair compensation. In a letter submitted to the Inter-Ministerial Resettlement Committee, the ADB, ...

Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...

Construction on Phnom Penh’s first international-standard critical-care center is expected to begin in April, and when completed it will offer state-of-the-art medical technology and highly trained staff, according to an official with the Japanese firm in charge of the project. “[Construction] is supposed to start from ...

Senior Cambodian People’s Party figures who have been at the forefront of negotiations with the opposition party yesterday offered lukewarm responses to the prospect of restarting talks that would bring an end to the opposition’s seven-month-long parliamentary boycott. Their position – that the opposition party was ...

Minister of Defence Tea Banh yesterday Denied allegations that Cambodia supported Russia’s annexation of Crimea. Local media reported yesterday that during a meeting with the Defence minister on Monday, Russian Ambassador Dmitry Tsvetkov thanked the Kingdom for supporting Moscow in the recent secession crisis in Ukraine ...

It’s day seven of the FIFA World Cup, and the night staff at Phnom Penh’s popular Score Sports Bar and Grill are looking a bit sleep-deprived. Score is paying its staff “very well” in extra wages during the World Cup for the long nights they ...

Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...

Australia’s pact to allow some refugees to be transferred to Cambodia sets a troubling precedent for international practices on handling asylum seekers, according to the UN High Commissioner for Refugees. The deal, signed yesterday in Phnom Penh, applies to an initial 200 refugees detained by Australia ...

For 70-year-old Chan Shay, the choice between working through old age and a retirement in poverty is an obvious one. Shay, a cyclo taxi driver in Phnom Penh, said that while he dreams of retiring to his home in Takeo province, in reality he can see ...

The private sector will meet with Prime Minister Hun Sen in April for the 19th Government-Private Sector Forum, which aims to address issues being faced by the business community. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC) and director of coordination for the ...

Telecoms operator Metfone, a subsidiary of Vietnam’s Viettel Group, has deployed a digital education system in Siem Reap, approaching a total of 3,000 schools nationwide. In a memorandum of understanding (MoU) signing ceremony yesterday, Siem Reap’s 10 Makara 1979 High School became the latest education ...

Kampot provincial governor Mao Thonin offered a former battlefield turned banana plantation as an example of one of the province’s great success stories. “Once the site of immeasurable suffering, it is now a popular tourist attraction, while also producing up to 2,500 tonnes of export ...

A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...

The Prayuters Library Program is delighted to announce a scholarship opportunity for Grade 12 students in Preah Vihear province who wish to pursue a bachelor’s or associate degree at higher education institutions in Preah Vihear province. The scholarship is only awarded to those residing in ...

Prime Minister Hun Sen and a visiting top Chinese official on Saturday presided over the signing of 29 letters and memoranda covering a broad range of business and military deals, including a $195.5 million loan for Cambodia to purchase Chinese-made military helicopters. A summary of ...

Trading on the Cambodian Securities Exchange should begin at the end of March as the Kingdom’s first stock, Phnom Penh Water Supply Authority, prepares to consult and share information with potential investors this week. The company would host a “roadshow” for investors in anticipation of its ...

Academics at the Royal University of Law and Economics defended banning thesis topics for fourth-year students, arguing that subjects such as illegal drug use and land disputes are written about too often at the school. In a Feb. 2 letter posted online and signed by the ...

Duong Tech, the owner of an import-export company, spent $150,000 on his chrome-rimmed Cadillac Escalade SUV. Then he shelled out an additional $10,000 at the Phnom Penh municipal transportation department for a license plate ending with the numbers “9999.” In Phnom Penh, custom-numbered license plates ...