Investment

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 ...

Nascent insurance markets in Cambodia, Cuba and Myanmar offer “significant opportunities” to foreign insurers, according to a US market research company. In a statement released Wednesday, Dallas-based Market Reports Store praised Cambodia’s “bold economic reforms and economic liberalisation” since 2000. ...

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 ...

The Friday arrest of a local businesswoman who holds the municipal contract to collect parking and stall fees from markets citywide on breach of trust charges came as no surprise to many vendors, aggrieved by what they say are her unfair business practices. Cheav Vibol, deputy ...

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 ...

Cambodian cashew nut exports are on the rise, yet export figures are still well below production numbers, with thousands of tonnes unaccounted for. Unshelled cashew nut exports totalled close to $2.5 million in the first six months of the year, with 2,800 tonnes exported, a rise ...

Bilateral Investment Treaties (BITs) are intra-state legal mechanisms which encourage foreign investment. This is particularly so as they provide foreign investors with Investor State Dispute Settlement (ISDS) mechanisms to enforce investment protections through international arbitration against the host state before a neutral tribunal. Cambodia has signed over ...

In southwest Cambodia, at the foot of the Cardamom Mountains, is a single dirt road that meanders through the heart of the pristine Areng valley. Ten miles down this road, villagers have set up an encampment to stop a hydroelectric dam project that they fear ...

Cambodia’s telecom sector is outraged over a draft law handed down by the Ministry of Posts and Telecommunications (MPTC) on Wednesday, which details a government plan to assert control over the industry. In what is being labeled an “unprecedented, draconian” effort to nationalise the industry, the ...

The Information and Communications Technology (ICT) Federation was inaugurated here on Thursday with an aim to advance Cambodia to a digital age, officials said. Speaking at the launching ceremony, Kan Chanmeta, secretary of state of the Ministry of Post and Telecommunication, said the federation would be ...

Corn farmers and dealers in the country’s northwestern provinces fear a decline in sales this season as local storage facilities become increasingly scarce and demand from Thai importers declines. Khun Thorn, president of Ta Sdar Samky Farmer Community in Battambang province, told the Post yesterday that ...

Cambodia’s business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal ...

Phnom Penh’s first solar-powered building looks for all the world like a cube of colored Lego blocks dropped in a factory lot on the city’s industrial outskirts. Covered in some 1,350 solar panels — including large panes of multi-colored solar glass — the three-story building ...

Apple Inc. on Friday will officially launch the iPhone in Cambodia through its authorized reseller, iOne, giving customers—long used to gray market iPhones—access to Apple’s warranty. “The sales launch will be July 18. iOne, which has the monopoly right to import Apple’s products to Cambodia’s market ...

The Chinese firm that was financially backing an ambitious project to develop Phnom Penh’s Boeng Kak neighborhood has pulled out, Chinese Embassy and company officials have confirmed, and no other investor appears to have taken its place. That makes the Erdos Hongjun Investment Corporation at least ...

Cambodian farmers are looking toward a new organization to help them get the best prices for their rice, but many are skeptical disparities between farmers and traders can be overcome. The Cambodian Rice Federation was started in May, bringing together disparate companies, associations and farmers in ...

Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut ...

Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...

South Korean fast food restaurant Lotteria opened its first outlet in Phnom Penh on June 30. Situated inside the Aeon Mall, the restaurant is focusing on chicken and beef dishes, reflecting Cambodian tastes, including a general avoidance of pork. ...

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 ...

U.S. Ambassador William Todd and Commerce Minister Sun Chanthol praised each other for their dedication to the development of the Cambodian economy at a press conference in Phnom Penh on Monday, following a joint trade mission last month to the U.S. Mr. Todd and Mr. Chanthol, ...