The Phnom Penh Post

The International Trade Centre (ITC) yesterday rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was appropriate and well managed. Mao Thora, secretary of state for the Ministry of Commerce, publicly criticised the ITC during a seminar ...

Cambodia’s Deputy Prime Minister yesterday reiterated his commitment to criminalising money laundering and terrorist financing in the Kingdom. Sok An reassured delegates at the Asia-Pacific Group (APG) on Money Laundering of Cambodia’s commitment to implementing comprehensive procedures to stop illegal monetary transactions. ...

An ambitions new agricultural development project backed by a former US diplomat is aiming to dramatically revamp the sector and bring profits back into the hands of farmers. Sichan Siv, a Cambodian with dual citizenship who spent five years serving as US ambassador to the UN, ...

The Cambodian Center for Human Rights says that a company with a controversial economic land concession in Koh Kong province banned the centre’s officers from photographing the area and ordered police to grab their cameras. Officers from CCHR traveled to Sre Ambel district on December 14 ...

More than 60 union leaders lost their jobs at garment factories in the past nine months for trying to unionise co-workers, their representatives claimed yesterday. Fourteen members of the Cambodian Alliance of Trade Unions endured threats, discrimination and ultimately a message they were no longer welcome ...

The Lucky Supermarket Group opened its seventh outlet in Cambodia on the ground floor of the Rose City building on Norodom Boulevard yesterday, with company representatives saying it believed it would attract more foreign customers. Richard Seah, CEO of DFI Lucky Private Limited, said the new ...

ACLEDA Bank, Cambodia’ leading commercial bank, held a ground-breaking ceremony yesterday for its new 20-storey headquarters, which will be located directly behind its present building. The new headquarters will cover 43,000 square metres, with parking for 700 cars. Construction is scheduled for completion in two years. ...

Mikasa Corporation, a famous Japanese sports goods manufacturing company, is to invest more than $5 million in building a ball production factory in Cambodia’s Koh Kong Special Economic Zone (KKSEZ) and plans to start construction early next year according to officials. Hiroshi Suzuki, chief executive ...

LAST week marked the arrival and passing of 12/12/12, the Cambodian government’s original date for the commencement of oil extraction from the Block A oilfields in the Gulf of Thailand, with no activity on the site. Chevron currently holds a 30 per cent interest in the ...

A sacked union official at the Tropicana Casino and Resort in Beanteay Meanchey province’s Poipet town said yesterday hundreds of workers would strike again if he and a colleague were not reinstated after negotiations on Sunday. ...

A government official has harshly criticised a prominent silk promotion project, implemented last year by the International Trade Center (ITC), saying it has not been fruitful. Mao Thora, secretary of state for the Ministry of Commerce, made his comments during a seminar on export diversification at ...

National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...

A NEW [sic] organisation for rice exporters was launched in Cambodia this weekend in an effort to transform the industry as it seeks to meet ambitious export targets. The Federation of Cambodian Rice Exporters (FCRE) was inaugurated on Saturday, and says it will gain full authorization ...

PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...

Cambodian authorities announced yesterday they would release six Laos who were arrested in Cambodia last Thursday on suspicion of illegal logging, provided that Laos cooperates with broader border negotiations in Stung Treng province’s Siam Pang district, where the men were arrested. Svay Nhoun, a Stung Treng ...

More than 300 workers from the Tropicana Casino and resort in Banteay Meanchey provinces’s Poipet town obeyed a court order to end striking and return to work yesterday and official said. Hong Prakorb, a provincial official for the Labour Ministry said more than 200 workers ...

Workers who directly witnessed the Stung Atai dam accident more than a week ago have contested government accounts, telling the Post four, not three, men were still missing after an outlet pipe burst. Those working or living near the dam also told the Post investigations pledged ...

Rights workers cautioned yesterday that a sweeping ban on internet cafés near schools was little more than a thinly veiled act of censorship. Issued last month by the Ministry of Post and Telecommunications, the circular says all internet cafés within 500 metres of a school must ...

A verdict in the land encroachment case against a prominent businesswoman was not delivered as expected yesterday, after a judge ordered the case be re-investigated due to a lack of evidence. Phnom Penh Municipal Court tried Chhin Sokountheary, director of Layimex Holdings Group, in absentia on ...

Maybank, one of the largest banks in Cambodia, has officially launched an internet banking service to provide a convenient service to its more than 10,000 customers and says it hopes to increase that number by around 10 per cent. The service, called M2U, will enable customers ...

Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...

As the lure of Thailand grows increasingly attractive for cash-strapped and under-employed Cambodians, Prime Minister Hun Sen yesterday made a public appeal for workers to stay in the country, simultaneously urging the Cambodian market to up its competitive edge. In a speech at the inauguration of ...

Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...

Officials expressed optimism that microfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank of Cambodia  and Prasac expect the new 10-storey building to enhance ...