Investment

Grand Twins International (Cambodia) Co. Ltd., a Phnom Penh-based manufacturer of clothes for U.S. athletic brands, has again delayed its listing on the Cambodia Securities Exchange (CSX), officials said Wednesday. The company was expected to list Thursday, but technical problems prevented it from doing so, according ...

About 1,000 workers protested outside Ocean Garment factory in Phnom Penh’s Pur Senchey district on Wednesday to demand compensation for being out of work while the factory suspends its operations for a month due to flagging demand from buyers, a union leader said. Workers have been ...

The Hong Kong-invested Casa Meridian project plans to launch sales and start construction at the end of this month. Casa Meridian is a skyscraper condominium development on Diamond Island (Koh Pich), which developers there hope will become a modern commercial and residential area of Phnom Penh ...

Australian-listed Cell Aquaculture (CAQ) – a onetime a marine technology company – has purchased a casino on the Cambodia-Vietnam border in a bid to generate much-needed revenue after nearing bankruptcy in 2013. On May 26, CAQ announced in a statement to the Australian Stock Exchange that ...

Foreign currency deposits grew briskly during the first four months of the year, a sign that public confidence in Cambodia’s financial institutions is high despite the uncertainty after last year’s disputed national election, bankers said this week. Cheam Teang, executive vice president of Acleda Bank Plc., ...

A group of 15 local and international rights groups Tuesday sent a slew of letters to the Chinese government and companies involved in the Lower Sesan II hydropower dam in Stung Treng province seeking a halt to dam construction due to serious environmental and social ...

The Telecommunication Regulator of Cambodia (TRC) last week warned mobile operator Smart that it could face legal action for attempting to lure customers away from rival operator qb, and ordered Smart to resolve the issue “immediately,” according to a letter from TRC to Smart’s CEO ...

Cambodia National Rescue Party president Sam Rainsy yesterday called on residents in the northeast provinces to defend their land lest the area be turned into a Vietnamese “colony”. Rainsy’s comments were quickly condemned by both the Cambodian and Vietnamese governments. Speaking to hundreds of people in Mondulkiri ...

A representative of villagers involved in a land dispute in Mondolkiri province appealed to the government Tuesday to address their displacement after their shelters were destroyed by police and soldiers in a forced eviction Monday. Chan Rithy stood outside the National Assembly in Phnom Penh on ...

CIMB Bank, Malaysia’s second-largest, has entered the insurance market via a partnership agreement signed yesterday with Cambodia Life Insurance Company (CLIC). In Meatra, director general of CLIC, said that under the partnership, CIMB had received full access to offer their insurance products to customers. ...

FLAG carrier Philippine Airlines (PAL) has not lost its interest in pursuing a joint-venture agreement with Royal Group of Cambodia (RGC) to establish Cambodia Airlines Co. Ltd.  PAL President Ramon S. Ang confirmed that his airline’s discussions for investment in the Cambodian carrier are ongoing, as ...

This season’s Kampot pepper production is expected to reach 27 tonnes, up from 21 tonnes last year thanks to a larger area of harvested land. But Nguon Lay, president of the Kampot Pepper Association, said on Sunday that despite the increase, adverse weather conditions meant the ...

Cambodia Securities Exchange (CSX) will partner with the Stock Exchange of Thailand (SET) to bolster technical knowledge and potential investment into Cambodia’s nascent stock market. An agreement between the two financial institutions was signed in Phnom Penh yesterday at the CSX office, a deal that will ...

The Ministry of Foreign Affairs yesterday urged Cambodia and Australia to increase trade ties and encouraged greater investment from the Pacific country. Speaking at a seminar in Phnom Penh to mark the 40th anniversary of ASEAN-Australia relations, Soeung Ratchavy, secretary of state at Ministry of Foreign ...

A Cambodian delegation to the United Nations last week used the stage to shame the World Bank’s financial arm for failing to adequately monitor investments in a Vietnamese rubber giant accused of illegal logging, forced evictions and sexual harassment. Representing 17 indigenous communities in Ratanakkiri that ...

Cell Aquaculture (ASX:CAQ) has advised the soft opening of the Roxy Casino in Cambodia for which it has executed the Heads of Agreement to acquire. It had in March agreed to acquire Roxy Casino and the Haikou Free Trade Zone project from vendors Noble Rate Limited, Tang ...

Cambodian officials, led by Permanent Deputy Prime Minister Keat Chhon, on Monday met with a 18-member delegation representing global brands and trade unions to discuss garment worker rights and wages. It was the second round of talks between Cambodian government officials and representatives of major brands ...

About 150 garment workers turned out to the Phnom Penh of­fices of the United Sisterhood Alliance NGO on Sunday to watch a politically charged fashion show entitled “Beautiful Clothes, Ugly Reality.” Aimed to highlight “the income gap between Cambodian garment workers and the selected CEOs of ...

Copies of grade 12 examination papers will only be provided to a single teacher for each subject this year in order to identify the source of leaks, said Education Minister Hang Chuon Naron during a speech on Saturday. Mr. Naron, speaking at the American University of ...

The Takeo Provincial Court charged eight union representatives with incitement Sunday for taking part in a garment factory strike, bringing to 17 the number of unionists charged this month alone. The latest in the spate of recent arrests came just ahead of today’s high-level meeting between ...

Petrol station workers who were back on strike on Friday returned to work yesterday as they prepare to file a complaint to the Ministry of Labour against US-owned Caltex over alleged rights abuse. Yoeun Reth, one of 20 Caltex workers striking on Friday, said yesterday that ...

Two draft laws on judicial reform were easily passed by the single-party National Assembly on Friday but the session was overshadowed by a rookie lawmaker’s attack on lax enforcement of forestry laws in Stung Treng province. On the fourth day of the third plenary session of ...

Villagers in Ratanakkiri province blocked National Road 78A on Thursday for more than three hours as authorities tried to push through to evict them in favor of a rubber company, police and villagers said. About 400 villagers blocked the section of the road that links O’Chum ...

A group of about 200 farmers from Kratie province refused on Thursday to leave a pagoda in Phnom Penh—their home base for protests against their eviction at the hands of a Vietnamese rubber company—as the city’s deputy governor warned them that the municipal government would ...