News

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...

More than 1,000 villagers in Phnom Penh’s Russei Keo district have signed a petition pro­testing the removal of a crematorium that is currently on land slated for a large development project. According to a letter from the Council of Ministers addressed to the Ministry of Cults ...

The World Bank is under pressure to review some of its policies around the world to ensure that in countries like Cambodia it is not funding the wrong projects. In a discussion at George Washington University this week, panelists said the World Bank is needed for ...

Cambodian-Japanese bank Maruhan Japan opened an office in Vientiane, the capital of Laos, on Saturday, making it the second Cambodian bank and the first Japanese bank to come to that country. Maruhan’s presence in Laos would boost economic and investment ties between the two ASEAN member ...

Despite the massive spike in development underway in Phnom Penh, a new report says that the public interest is becoming marginalised in favour of the political and business elite. The report, from NGO Sahmakum Teang Tnaut (STT), says that currently “commercial interests are driving the urban ...

The nation is awash with SIM cards, and that is indicative of an industry that, as most observers see it, is simply overcrowded. But [mobile phone] operators, despite their special promotions and a young population in love with phones, are finding themselves squeezed as margins ...

Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...

Minister of Commerce Cham Prasidh and 100 Cambodian companies are set to represent the Kingdom at the 9th China-ASEAN Expo in Nanning, China, which starts tomorrow, according to officials. The expo will include representatives from all 10 ASEAN countries and China itself. Cambodian officials will seek ...

Revenues generated in the advertising sector through the first seven months of the year reached $68.7 million, an increase of 6.84 percent compared to the same period last year, according to data released yesterday by Indochina Research. Although the industry has continued to grow in terms ...

There were scenes of jubilation in Cambodia’s capital last month when a group of 13 imprisoned women – including a 72-year-old grandmother – was set free by an appeal court. The women were arrested in May during peaceful demonstrations against the forced eviction of thousands ...