Thaicom Public Company Ltd., which owns a majority stake in local phone operator Mfone, announced on Friday that they have devalued the company by about $1.31 million as profits in the first quarter dropped by half. “In an effort to reflect the fair value of its ...

Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to US$2.5 billion, up 12 per ...

A total of 2,606 new businesses were registered in Cambodia during the first nine months of the year, an increase of 11.6 percent compared to the same period last year, data released yesterday by the Ministry of Commerce shows. According to the figures, the ministry approved 306 new ...

The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...

Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year. Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company ...

Cambodia attracted 1.79 million foreign visitors in the first five months of the year, up 19 per cent over the previous year. From January to May, Vietnam remains the main source of visitors with 341,000 tourists, up 11 per cent year-on-year, followed by South Korea with ...

Police seized about 600 pieces of luxury-grade rosewood weighing about 2,000 kilograms during a raid in Oddar Meanchey province on Sunday, but are still deciding whether to arrest the owners of the property on which it was found, an official said. Bun Heng, a communal forestry ...

Australian green energy company Star 8 has designed a solar-powered tuk-tuk and is in the process of building a factory in Cambodia to make the vehicles, according to a report in Australian newspaper The Age. The vehicles’ makers said the tuk-tuks will cost between A$2,000 (US$1,865) ...

The Cambodian and Lao governments pushed for the conclusion of demarcation between the two countries as soon as possible, according to a senior Cambodian government official. The decision was made during a visit of Prime Minister Hun Sen earlier this week, said KOA Kimhourn, Minister attached ...

Cambodian customs officers on Friday morning confiscated around three tons of elephant tusks at the Sihanoukville Autonomous Port in Southwestern Preah Sihanouk province. In February, customs officers nabbed two Vietnamese men at the Siem Reap International Airport for smuggling 79.5 kg of illegal elephant tusks ...

Information Minister Khieu Kanharith said that radio journalist Lay Samean, who was badly beaten by district security guards on May 2 while covering a planned opposition rally, may have provoked the violence by calling the guards “yuon’s dogs”, among other insults. The minister added, however, that ...

The government collected USD 66. 4 million from taxation in January, up 14.5% from the same period last year, according to a statement released by the Taxation department. In 2014, tax revenue has been going up in all sectors of which financial service 27.6%, import-export ...

Four Vietnamese rubber firms are responsible for destroying an estimated 1,000 hectares of community forest, including an indigenous graveyard, in Ratanakkiri’s Andong Meas district, a group of NGOs have claimed. The land dispute involving 196 families living in Talav commune dates back to 2011, Chhay Thy, ...

Phnom Penh will host one of Asia’s biggest technology conferences later this month. FossAsia, a conference on open source and free software, will be held in the capital Feb. 28 to March 2—a free event open to students, developers and entrepreneurs. Technologies discussed at the conference will ...

Keeping students in school may not be as straightforward as providing them with clean water, but a filtered drinking supply makes them less likely to take sick days, research published on Friday shows. The study, conducted by a UK-based medical school, compared drinking water access in ...

Six months after the government announced that bank accounts for all civil servants would put an end to late salaries and rampant graft, secondary school teachers in Prey Veng say they are owed long overdue payments. In addition to their regular salary, which they already received, ...

A British conservation group says its hidden cameras have taken photos of a wild cattle species in an area in Siem Reap province where it was previously thought to be extinct. In a statement released Wednesday, Fauna and Flora International said the cameras recorded six individual ...

Nine karaoke parlors in Pur Senchey district were closed indefinitely Monday after an early morning clash between employees of the clubs, district governor Hem Darith said. Mr. Darith said a large group of men working for the different clubs got into a violent scuffle using rocks, ...

Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the casino, according to a press release Thursday. The gaming ...

The Cambodia Red Cross donated a total of 140 million riel, or about $35,000, to 37 security guards that were injured after being beaten on Tuesday by opposition protesters demanding the opening of Freedom Park, officials said Wednesday. Kim Vutha, chief of the Daun Penh district ...