Investment

The Australian Federal Police (AFP) have decided not to investigate the Australian mining company OZ Minerals, saying information that the firm paid hundreds of thousands of dollars to family members of officials in the Ministry of Industry, Mines and Energy (Mime) when buying out its ...

After four days of protests, which at times grew violent, striking garment workers at the Manhattan Qing Dao Textile Corp in Kompong Cham province said they would be resuming work Monday after reaching a tentative agreement with the company. On Thursday, more than 1000 workers ...

A Thai Company is conducting a feasibility study to build a coal-fired power plant in Koh Kong province and has already invested in a local firm with permission to develop the plant, according to officials and the company. In an announcement to the Thai Stock ...

Security footage of a shooting outside a shoe factory on Monday that left three protestors in hospital has been reviewed by police, the head of the special economic zone where the incident took place said yesterday. The three women were shot at a violent protest of ...

More than 1500 factory workers yesterday marched from the Manhattan Quing Dao Textiles Corp in Kompong Cham province to the provincial headquarters to ask authorities to force the factory owner to abide by two arbitration council rulings, a union representative and a factory worker said ...

A day after Interior Minister Sar Kheng revealed that authorities had identified a suspect in the shooting of three female factory workers at a special economic zone (SEZ) in Svay Rieng province, officials yesterday refused to reveal the identity of the gunman, who had still ...

The Securities and Exchange Commission of Cambodia has approved in principle the listing of Phnom Penh Water Supply on the Cambodian Securities Exchange, according to the SECC’s website. The announcement fell a step short from listing approval for PPWS, with the SECC requiring additional paperwork, including ...

A Chinese company is aiming to invest in cement production in Cambodia, according to officials at the Ministry of Industry, Mines, and Energy (MIME). The China Triumph International Engineering Company (CTIEC) would become one of Cambodia’s biggest cement producers and would invest in the Kingdom, said ...

Cambodia and China are willing to further promote bilateral cooperation in all fields in the framework of ASEAN-China relations, officials said Monday. The commitment was made during the official visit of Ma Mingqiang, secretary general of ASEAN-China Center, to Cambodia. In a meeting with Cambodia’s Minister ...

PHNOM PENH — Cambodia’s low-rise capital city is reaching for the sky—again. Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed ...

More than 3,000 factory workers protested yesterday at the Manhattan Quing Dao Textiles Corp in Kompong Cham Province’s Kompong Siem District to demand that the factory owner abide by an Arbitration Council Ruling issued in late 2010, a union representative said yesterday. The factory web site ...

The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries’ good relations, said officials Friday. Cambodia attracted China’s investments of 1.19 billion U.S. dollars in 2011, up 71 percent from ...

Investors in Cambodia, tied with Yemen as the world’s 164th-cleanest country for doing business, face risks in a planned stock market because of ineffective financial and legal systems, the country’s exiled opposition leader said. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” ...

Chinese businessman Cha intor and president of coal mining group from China decided to invest the opening of Khmer economic magazine in Phnom Penh to boost the close ties for China and Cambodia and also it will enhance traditional media in the country. The announcement ...

The Kingdom’s much-hyped deadline of tapping its first oil reserves by December 12 2012, or 12-12-12, will not be met, a government spokesman said yesterday. Chevron Overseas Petroleum (Cambodia) Ltd, which is now exploring the Kingdom’s offshore Block A in the Gulf of Thailand, has notified ...

The last of the nearly 800 families from Phnom Penh’s Boeng Kak community who are in line for land titles will not receive their long-awaited ownership records for another “two or three weeks”, a city official said yesterday. The families were spared eviction at the hands ...

Nautisco Seafood Manufacturing Inc, a Canadian-Cambodian shrimp producer in Preah Sihanouk province, has accused the private equity fund Leopard Capital, one of its shareholders, of draining the company of its finances. In a statement released Friday, Nautisco said that Phnom Penh Municipal Court had ordered the ...

Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...

Plans for a 5,000-hectare banana farming project in Koh Kong province, proposed last year by an Australian and a Japanese company, look set to go ahead, with state news agency Agence Kampuchea Presse (AKP) yesterday reporting that the project would cost $50 million. Last Friday, the ...

More than 300 demonstrators yesterday marked the third anniversary of the forced eviction of Phnom Penh’s Dey Krahorm community, one of the city’s most violent land evictions. Five international rights groups also sent a letter to Prime Minister Hun Sen urging the government to stop land ...

A deadly land dispute in Pursat province ended over the weekend with a victory for the villagers, but they said yesterday this might have more to do with the upcoming commune elections than a change of heart within the company owned by the wife of ...

Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network. According to an announcement on the municipality’s website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, ...

The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...

The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...