Investment

Cambodia’s aviation sector doesn’t need a second domestic carrier, according to a new report from the Australia-based Centre for Aviation (CAPA). The report, published yesterday, is the latest instalment in a two-part analysis of the country’s aviation industry, and focuses on Cambodia Airlines, the Royal Group ...

A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...

Authorities burned one house and demolished three others in the past two days in Koh Kong’s Botum Sakor and Kiri Sakor districts in the latest development in the long-running land dispute between villagers and Tianjin Union Development Group, community representatives and the rights group Adhoc ...

Singaporean investment firm Oxley Holdings has teamed up with Cambodian property company to develop a two-storey mixed-use project in Phnom Penh. Oxley Holdings will invest USD300 million to construct the The Bridge, which is set to comprise 700 residential apartments, in addition to 900 commercial units ...

As cooks prepped for lunch yesterday at an outdoor cafeteria for workers employed by the Japanese-owned Taica factory, more than a dozen commune-level officials inspected the premises. Seemingly satisfied with the dining operation, they moved into a recreational room with a large, flat-screen television. Taica ...

A world class Japanese Company, IDEMITSU, will build a bio-fuel factory in Cambodia in 2015, and will commence exploring bio-fuel in Cambodia for the first time in 2017, Mr. Heng Ratana, General Director of Cambodian Mine Action Centre (CMAC) told reporters yesterday. IDEMITSU has been ...

Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...

Local conglomerate Royal Group has denied that its join venture with Philippine Airlines (PAL) to create Cambodia’s second national carrier has stalled, despite recent remarks by PAL’s president that his company has delayed its investment due to the current political tension here. On Thursday, PAL’s president ...

Japanese investors will put $56 million into a joint venture with local company Sanco Investment Group (SIG) to build a new special economic zone in Banteay Meanchey province’s Poipet town, officials said yesterday. Chhour Vichet, executive director of SIG, said Thailand’s labour shortage, Cambodia’s ongoing political ...

The Interior Ministry has summoned six union representatives for questioning following a complaint from Jack Liu, director-general of Tainan Enterprises (Cambodia) Co., Ltd., alleging that they incited violence at his Kandal province garment factory in late December. A letter dated Thursday, signed by the Interior Ministry’s ...

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21. EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and ...

Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...

Shareholders will want answers from ANZ bank after it was revealed this week that the banking giant’s joint venture in Cambodia financed ruling party senator Ly Yong Phat’s controversial sugar plantation, the Responsible Investment Association Australia (RIAA) said yesterday. Environmental audit documents obtained by the Post on Tuesday ...

Last week, on a busy sidewalk in Times Square, a hunched figure in a surgical mask labored at a hand-operated sewing machine. This anonymous worker was Khmer-American artist Kat Eng. According to her website, she sat in front of the flagship location of clothing giant H&M ...

Mobile internet speeds in Cambodia are ratcheting up a notch. Smart Mobile, the country’s second largest operator by subscribers, is making 4G LTE internet available to customers this week, the company announced yesterday during the launch of the service at NagaWorld Casino. Thomas Hundt, CEO of Smart, ...

PAL Holdings Inc., the operator of Philippine Airlines, is reviewing investment plans in Cambodia Air, after it deferred twice the completion of the joint venture with Inter Logistics (Cambodia) Co. Ltd. PAL said earlier it teamed up with Royal Group of Cambodia to establish its ...

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the bank helped to finance in Kompong Speu province. The NGOs also made public a 2013 social and environmental impact assessment of ...

Unions aligned with Prime Minister Hun Sen’s government issued a statement Wednesday calling on it to “take action” against union leaders who they accuse of inciting workers to hold strikes and violent demonstrations. “We would like to request [CPP Labor Minister] Ith Sam Heng to take ...

In the course of a city’s development, especially a capital city, certain events serve as mile markers, raising their profile both regionally and globally. Few understand the changing views of Japanese investors toward Cambodia better than the upper management of boutique real estate consultancy AnnaCam ...

Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...

Representatives of Chinese company Tianjin Union Development Group, backed by soldiers, began tearing down villagers’ houses in Koh Kong province yesterday, community representatives and a district governor said. Botum Sakor district governor On Phearak said yesterday that company representatives had come to clear the residents’ ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s good relations and cooperation with China have encouraged more and more Chinese investors to Cambodia. The premier made the remarks during a meeting with Zhang Tingke, visiting vice-president of a leading Chinese power company Huaneng Group, ...

In the latest move to assert control over Cambodia’s saturated telecommunications industry and maintain tighter oversight, the Telecommunication Regulator of Cambodia (TRC) last week called for all industry providers to give proof of operations in a bid to snuff out inactive firms and reclaim wasted ...

Resembling a giant Rubik’s cube under construction, the solar-powered factory in Phnom Penh’s Por Sen Chey district will be completely off the grid. Some 1,350 solar panels, each one capable of generating 100 watts per hour of sunlight, cover the three-story building. In a few months, ...