Investment

Diamond Island Development Co Ltd, owned by Canadia Bank, yesterday bought a 15 per cent stake in Investment and Development Company of Cambodia (IDCC)’s Cambodia-Vietnam Insurance Plc. The companies declined to give the value of the stake. Ngay Mengly, sales officer at Cambodia-Vietnam Insurance Plc, said ...

BETAGRO Group, one of Thailand’s largest integrated agro-industry businesses, announced this week that its US$16.3 million animal feed plant in Cambodia is 95 percent complete. The plant, 12 kilometers from Phnom Penh, will initially produce 12,000 tonnes of animal feed per year, but that number ...

About 50 people protested in front of Pailin Provincial Hall yesterday against a government plan to turn their farmland in Sala Krao district into a special economic zone (SEZ), villagers and officials said. “It is the villagers that abuse the government land. They took the ...

The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...

A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected ...

The government last month granted four companies a total 23,000 hectares of land concessions for agro-industry projects and a special economic zone (SEZ), according to human rights groups, which said it obtained the information from government documents. An additional 500 hectares inside a wildlife sanctuary were ...

Svay Rieng Provincial Prosecutor Hing Bunchea said yesterday that he had summoned two of the three women shot at a Bavet City special economic zone (SEZ) for questioning next week, and denied accusations that investigators were dragging their feet on the case. Rights groups continued to ...

Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...

The court prosecutor investigating last month’s shooting of three female factory workers at a special economic zone (SEZ) denied a newspaper report claiming the chief suspect, former Bavet City Governor Chhouk Bundith, had confessed to shooting the women. Svay Rieng Provincial Court prosecutor Hing Bunchea said ...

For hundreds of years, the ancestors of Vam Sovann have lived in Koh Kong province’s remote Araeng valley. Some 70 km from the nearest national road, Mr. Sovann’s village has no electricity or phone coverage, no paved roads or running water; instead, it has access ...

The laws and regulations that govern Cambodia’s securities market were derived from the Objectives and Principles of the International Organization for Securities Commissions (IOSCO) and the best practices in the region, according to Dr. Ming Bankosal, Director General of the SECC. the SECC which ...

Despite admitting yesterday to firing his pistol during last month’s protest at a Svay Rieng province special economic zone (SEZ), where three women were shot, Bavet City’s former governor Chhuk Bundith was free to return home after making his confession to the court. “[Mr. Bundith] came ...

The Cambodia Securities Exchange (CSX) is an important component of a larger ecosystem of capital markets, according to Eugene Lam, CEO of OSK Indochina Securities Ltd, one of Cambodia’s securities underwriters approved by the Securities and Exchange Commission of Cambodia (SECC). Lam says one of ...

It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...

Cambodia has a total of 505,134 businesses supported by a workforce of 1,676,263, just 11.56 percent of the total population, according to a nationwide economic census released yesterday by the Ministry of Planning. Of the total number of people employed in the country, 1,026,084, or 61.2 ...

A South Korean government agency and Korean investors in CamKo City are locked in an ownership dispute at the Phnom Penh Municipal Court over the half-built residential development project in Russei Keo district, according to court documents obtained yesterday. Following the collapse of the Busan Savings ...

Two female garment workers who were shot last month during a protest at a Svay Rieng province special economic zone (SEZ) filed a complaint with the provincial court yesterday accusing former deputy Bavet City Governor Chhuk Bundith of attempted murder. Bun Chenda, 21, and Nuth Sokhorn, ...

China will continue to help Cambodia with its infrastructure and raise living standard of its people, said Pan Guangxue, Chinese ambassador to Cambodia here Monday. Speaking at the inauguration ceremony of Cambodia’s 57 national road Battambang-Pailing section in Battambang, Pan said “The completion of the road ...

Kep province – On a sunny weekday in Kep, a seaside village about halfway along Cambodia’s coast, the crab market was heaving. Women in straw hats and rubber boots stood knee deep in the surf shouting out prices, periodically darting into the sea to pull writhing ...

Two women who were shot and injured during a Feb. 20 protest at a special economic zone (SEZ) said yesterday they plan to file court complaints against Bavet City’s former governor, Chhuk Bundith. Nuth Sokhorn, 23, and Bun Chenda, 21, both said they will go ...

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank — all forecast at ...

A senior official at the Commerce Ministry and the secretary-general of the Garment Manufacturers Association in Cambodia (GMAC) were both silent yesterday regarding a letter sent to the ministry by garment buyers on Friday, urging the government to intensify its investigation of last month’s triple ...

Some of the world’s largest international clothing brands, along with foreign labor protection groups, have called on the Cambodian government to intensify its investigation of last month’s triple shooting of spectators at a Svay Rieng special economic zone. Signed by several of the biggest customers ...