Life insurance company Manulife has compensated its first client since it began operations in Cambodia in June this year, a company official said. Robert J Elliott, CEO and general manager, told the Post yesterday that Manulife disbursed its first claim to the beneficiaries of its client, ...

Sihanoukville authorities bulldozed homes in the Steung Hav district on Tuesday following a verdict made by Sihanoukville Provincial Court. In the demolition, authorities had used about 100 police officers and several machines to bulldoze around 18 houses. The land had been a topic of ...

A conclusive settlement has been reached in the long-running dispute between a Thai seafood factory and its Cambodian employees, Cambodian ambassador to Thailand You Ay said yesterday. Rights groups and workers at the Phatthana Seafood factory in Thailand’s Songkhla province, which employs 1,050 Cambodians, have accused ...

The Phnom Penh Municipal Court on Thursday charged six people, including a provincial director of water resources and a commune chief, for their involvement in creating illegal fishing reservoirs in Kompong Thom province. “They were charged with clearing a flooded forest for encroachment and illegally constructing ...

The scarcity of sand in the city has forced construction companies to import sand mined from the Mekong River in Cambodia. A consignment of sand from Cambodia has already reached the city. More consignments are likely. The importers are likely to use the sand for ...

An offshore financial services provider aiming to cater to expatriates in Cambodia hopes to tap into a market that has had its share of fly-by-night operators. Tag Wealth International, a subsidiary of the Australia-based Tag Group, began operations last month, offering advice in areas such as ...

Crown Holdings, a metal packaging company, said this week it would build a second factory in Cambodia to keep up with the Kingdom’s growing beer industry. The Sihanoukville factory, which is expected to produce 725 million aluminium cans a year, will be begin operating in the ...

Cambodia’s inflation rate is expected to be less than 3 percent in 2012 thanks to stable food prices, Prime Minister Hun Sen said Friday. “This year, the inflation will be less than 3 percent, it is low and good if compared to 5.5 percent rate last ...

In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...

Cambodia will conduct a live fire drill from Dec. 27-31 in order to strengthen capacity for the Royal Cambodian Armed Forces in defending territory integrity, Defense Minister Gen. Tea Banh said Thursday. “The exercise is to test our new weapons,” he told reporters. “It is also ...

Small and Medium enterprises (SMEs) in Cambodia have so far seen an increase, reaching the number of around 560,000. However, this sector does not grow with reliability and the capacity in business operation does not go to international market standard or standardization of free market. ...

Amid growing urbanisation, Lucky Supermarket opened three more branches in Phnom Penh’s suburbs over the weekend, targeting a new consumer base living around the city. With the additional branches, Lucky now counts 10 outlets in Phnom Penh, including one mini-mart at Koh Pich. ...

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

More than 2,000 hectares of the decimated Lumphat Wildlife Sanctuary in Ratanakkiri province have been classified by the Ministry of Environment (MOE) as the sanctuary’s first community protected area. Surrounded by three economic land concessions in Kon Mom district, the protected area is populated by a ...

A small set of Cambodian factories being monitored by the International Labor Organization have showed some signs of improvement, according to a recent report. The ILO’s Better Factories initiative monitors 51 facilities. In a new report, the ILO says 30 of those factories showed signs of ...

The National Bank of Cambodia on Tuesday officially issued a new 50,000-riel banknote (in equivalent to 12.5 U.S. dollars) in order to mark King Norodom Sihamoni’s 61st birthday, which falls on May 14. A sub-decree on the issuance of the new banknote was endorsed by ...

The trial of 23 men arrested at violent demonstrations in early January continues at 8am today, and unionists are planning on rallying outside the court in a show of solidarity. About 100 union members will join staff from the Cambodian Labour Confederation and the Coalition of ...

United Nations Special Rapporteur for human rights Surya Subedi has called on politically connected development company KDC International to halt its project in Kampong Chhnang province. Following violent clashes between KDC security guards and protesters on Monday, Subedi released a statement yesterday that calls on all ...

Lightning killed two people sheltering from rain on Wednesday in Preah Sihanouk’s Stung Hav district. Ros Ky, the district police chief, said Khem Nget, a 40-year-old motodop from Kampot, and a second victim identified only as Vanny, 50, were taking shelter near Vanny’s home in Tomnup ...

Prince Norodom Ranariddh has officially registered his new political faction, the Community of Royalist People’s Party, as a contender in the next national elections in 2018. The party’s new chief of cabinet, Nop Sothearith, yesterday told the Post he submitted the application to run to the Ministry of ...