Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is ...

The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...

Prime Minister Hun Sen approved the creation of three new districts for Phnom Penh on Wednesday. Four existing districts are being divided to create the new areas, dubbed Chbar Ampov, Prek Pnov and Chroy Changva. Phnom Penh City Hall spokesman Long Dimanche told the Post last ...

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 ...

The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...

The Ministry of Interior has approved the creation of three new districts in Phnom Penh following a proposal from City Hall to create five new districts before district and city council elections are held in May. Sak Setha, secretary of state at the Ministry of Interior, ...

Economic growth has a close correlation with the quality of education, and not its quantity, a graduate student at the University of Chicago says. While education for all has been introduced in Cambodia, more needs to be done toward offering equal access to quality education, ...

A re-election should be held in 2015 following the implementation of a comprehensive series of electoral reforms, an umbrella group of local rights organizations and independent election monitors said Friday. The organizations, including the Committee for Free and Fair Elections (Comfrel), Adhoc, the Community Legal Education ...

A new highway that is being built is expected to not only reduce traffic jams, but to also open up a large area for real estate development. The new highway, called Samdech Techo Hun Sen Blvd, runs from the intersection of Road 271 and Monivong Blvd ...

Lawmakers from the ruling Cambodian People’s Party yesterday unanimously voted to pass legislation which will create three new government ministries. Sixty-six CPP representatives voted to create a Ministry of Public Function, which will oversee the affairs of civil servants. The MPs also followed through on a floated ...

The rights group Adhoc says it is monitoring “at least 100” individuals who are complicit in forestry crimes across the country. These include “high-ranking officers” of the police and military police; business tycoons; and ordinary citizens across 11 provinces, Chan Soveth, a lead investigator for the ...

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

Following the International Labor Organization’s (ILO) announcement that its Better Factories Cambodia (BFC) program will from January name and shame firms that contravene Cambodian labor laws, the Garment Manufacturers Asso­ciation in Cambodia (GMAC) has urged factory operators to refuse entry to ILO monitors, unless they ...

Telecommunications company Xinwei (Cambodia) Telecom Co Ltd, operating under the CooTel brand, officially launched in Cambodia yesterday, being the first operator to offer 4G technology in the country, a company statement released yesterday said. “CooTel strongly believes it will be successful in entering the Cambodian market ...

The Phnom Penh Water Supply Authority (PPWSA) announced the construction of a fifth water treatment station yesterday, saying that without an additional plant, the capital could face a severe clean-water shortage as soon as 2017. Speaking at a press conference organised by the Japanese International Cooperation ...

The two sides of the Second Chroy Changva Bridge were connected Wednesday in a ceremony presided over by Transport Minister Tram Iv Tek. He said the Chinese-funded bridge would be completed by September. “The bridge was projected to cost $27.5 million to be spent on construction ...

ORO Financecorp Plc held its official launch on Friday, joining the growing ranks of microfinance institutions in the Kingdom. ORO Financecorp started providing business, agricultural and tractor loans in January with a $4 million capital investment from Seng Enterprise Co Ltd of Cambodia and Creed Asia ...

The army created a new platoon on Monday to guard an area near the Areng Valley in Koh Kong province, where hundreds of ethnic minority residents have fiercely resisted plans by a Chinese company to build a hydropower dam that would flood their ancestral lands. The ...

The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...