Domestic investors

The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...

Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ...

The House of Representatives of Belarus ratified a number of Belarusian-Cambodian agreements on 4 November, BelTA has learned. ...

Cambodia Public Bank (Campu Bank), a subsidiary of the Malaysian Public Bank Group (PBB), posted strong gains during the first nine months of the year.​​ ...

From the start, the project seemed impossibly ambitious: A $2-billion South Korean satellite city—complete with condominiums, office space, luxury villas, a shopping mall, health clinics, banks and an airport—on the outskirts of Phnom Penh. Claiming the land was not properly appraised, and that the decision ...

Some two hundred villagers from Prey Veng and Svay Rieng provinces gathered yesterday and Wednesday to file complaints at the Svay Rieng provincial police station accusing the purported owner of a local water purification company of cheating them out of some $470,000 in investments. ...

Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...

Days after the Australian government announced it had approved the export of 10,000 live cows to Cambodia, a local firm has revealed that it is nearing completion of the Kingdom’s first modern slaughterhouse in Preah Sihanounk province – and that it is set to be ...

The Willowbrook Company, a New York-based renewable energy development company, is seeking support from Cambodia to build a 250-megawatt solar power plant, the Cambodian Ministry of Commerce said in a statement Friday. Edward J.Sappin, visiting chief executive officer of the Willowbrook Company, urged the support from ...

Muang Thai Insurance is looking at acquiring portfolios from non-life insurers and selling non-life products to individuals in neighbouring countries as part of its plan to keep its premium income growing by 15 per cent annually in the next three to five years. “The merger model ...

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the ...

The sixth Chinese-built hydropower plant, located in the Koh Kong province of   southwestern Cambodia, has begun producing electricity after more than four years of construction, the China National Heavy Machinery Corporation (CHMC) said in a  statement  on Thursday. CHMC started to develop the 246-megawatt Tatay River Hydropower Plant in 2010. The dam comprises three generators, each capable of producing 82 megawatts, the statement said. ...

Roxy Casino in Cambodia has made a “modest profit” since its soft opening on May 26, parent company Cell Aquaculture Ltd said in a filing to the Australian Securities Exchange. It did not provide figures. The profit was attributed to its sports betting activities during FIFA World Cup 2014 ...

China Duty Free Group (CDFG) announced Monday that it has invested in a downtown duty free store in Cambodia’s cultural Siem Reap City and the store will be launched in December. “CDFG’s Cambodian subsidiary will firstly start its downtown duty free store of 4,500 square meters ...

Singapore-based upstream oil and gas firm KrisEnergy Ltd said on Monday it has agreed a $65 million deal to buy out Chevron Corp’s interest in an offshore oil block in Cambodia and take over as the block’s operator. KrisEnergy said in a statement it plans to ...

Boeung Kak residents delivered a petition to the Singaporean Embassy yesterday, calling on it to pressure Singapore-listed HLH Group to halt dealings with a controversial development project at the site until a land row is settled. HLH Group entered a $14.9 million purchase deal in June ...

A conservation group may release 20 baby Siamese crocodiles into the Areng Valley amid an ongoing stand-off between villagers and a Chinese firm over the construction of a controversial hydropower dam in Koh Kong province. Tuy Serey Vathana, country directory at Fauna and Flora International, said ...

Bus operator Nakhonchai Air plans to open three new services linking Thailand, Cambodia and Vietnam.  Kruewan Wongrakmit, managing director of Nakhonchai Air Co, said she hoped to launch new services. ...

Sihanouk Ville International Airport received its first international flight this week, a landing the industry hopes will open up the coastal resort destination to more foreign tourists. A flight by South Korea-based Skywings Asia Airlines, an international charter carrier, arrived from Seoul on Tuesday. One hundred ...

The $100 million Sokha Hotel and Residence on Phnom Penh’s Chroy Changva peninsula will be ready to receive its first guest by September, and recruitment is under way for more than 1,000 employees, the hotel’s owner said Monday. “We plan to open in September as a ...

Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...

The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...