More than two months after the firm announced it would list on the Cambodian Securities Exchange, Bonna Realty has selected Tong Yang Securities to underwrite its initial public offering (IPO), an official said yesterday. Sung Bonna, the CEO of the Phnom Penh-based realty firm, said that ...

More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...

Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence. “Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our ...

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

More than 100 moto-taxi and tuk tuk drivers who are part of a little-known workers union submitted a letter to the U.S. Embassy and the European Union Delegation yesterday, asking them not to intervene in the case of Boeng Kak activist Yorm Bopha. It is not ...

The head of the country’s National Authority for Land Dispute Resolution on Wednesday said his authority was unable to resolve land disputes and that the responsibility for settling such disputes rested with the ministries responsible for handing out economic land concessions (ELCs) in the first ...

Almost six months after the latest draft of the proposed trade-union law was sent to the Council of Ministers for approval, employers, unions and workers’ rights groups are left asking the same question: What’s happened to it? Confusion over the status of the landmark law, which ...

The Global Fund to Fight AIDS, Tuberculosis and Malaria is withholding nearly $20 million originally granted to fight malaria in Cambodia because of the government’s poor use of past Fund dollars. The government blames its poor showing on the Fund’s time-consuming procurement procedures. The Fund awarded the ...

Using techincal solutions developed by INTERPOL, Cambodia and Vietnam can now instantly conduct real time searches of INTERPOL’s global databases. The joint European Union (EU) and the Association of Southeast Asian nations (ASEAN) “Enhanced exchange of information between INTERPOL National Central Bureaus (NCBs) in the ...

Thirty-four garment factory workers fainted yesterday morning in Kompong Chhnang province, making it the third time in a year that a mass fainting has occurred at the factory, workers said yesterday. M&V International Manufacturing LTD. factory, which is a supplier to Swedish clothing brand H&M, experienced two incidents of ...

The stabilisation of the riel over the first half of this year is a reflection of increased confidence in using riel in the economy as well as improvements in the agricultural sector, according to economists and the National Bank of Cambodia (NBC). The slowdown in the US economy ...

The Bobruisk-based mechanical engineering company Bobruisk Plant of Tractor Parts and Units has shipped a batch of proprietary compact tractors Belarus 321 to Cambodia for the first time, representatives of the company’s sales department told BelTA. In line with the contract, which was signed in early ...

Stevia Nutra Corporation, a Canadian agro-company, said in a press release on Friday that the initial growing season of stevia, commonly known as sweetleaf, in Cambodia was successfully completed. The first harvest of high-quality stevia leaves has now commenced and samples have been prepared for testing ...

More than 40 hectares of protected forest in Rattanakiri’s O’Yadav district was razed by a Vietnamese company over the course of six days before they were stopped yesterday by villagers and investigators from rights group Adhoc, a local official said. Sav Hlin, a village chief in ...

Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a rubber-plantation owner said yesterday. Mak Kimhong, president of the Cambodia Rubber Association and owner of the Chhop Rubber Plantation ...

With the potential for vast state revenues from oil extraction and mining in coming years, Cambodia is currently failing to manage its nascent extractive industries according to a think tank. New York-based Revenue Watch Institute yesterday launched its 2013 Resource Governance Index, which included Cambodia for ...

U.N. human rights envoy Surya Subedi met with a senior official at the Ministry of Justice on Wednesday and reiterated a call for new legislation to be passed on governing Cambodia’s judiciary. “He did not ask us much on anything new, but he did ask for ...

The number of foreigners arriving into Cambodia from its biggest border with Vietnam at the Bavet international crossing in Svay Rieng province increased 6.2 per cent in the first six months of this year compared with the same period in 2012. Data from the checkpoint show ...

Two days after opposition calls for renewed negotiations, Information Minister Khieu Kanharith announced yesterday evening that the ruling party will sit down with its opposition counterparts on Thursday to talk election reform, though opposition leaders last night weren’t so sure. Speaking at a gathering of journalists ...

Cambodia has seen a 46 percent rise in dry rubber export in the first ten months of 2013 thanks to rising global demand, said the report of the Commerce Ministry on Friday. The country exported 62,915 tons of dry rubber during the January-October period this year, ...