News

Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...

It’s not a claim every country can make, but Cambodia builds its own cars. A country known for its low-skilled workforce, the Kingdom exceeded expectations with its January release of the Angkor Car, a mini-electric vehicle able to get up to 300 kilometres per charge. ...

President Truong Tan Sang has urged the planning ministries of Vietnam and Cambodia to effectively implement the agreements reached during recent talks. He made the comments at a meeting with Cambodian Minister of Planning Chhay Than in Ha Noi yesterday. Vietnam had contributed to ...

The government is planning to revise the Kingdom’s investment laws this year to draw more foreign direct investment as the country adjusts to the fast-changing regional and global landscapes, according to Secretary General of the Council for the Development of Cambodia (CDC) Sok Chenda Sophea. Speaking ...

Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...

The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget Survey 2012- conducted in Cambodia by NGO Forum- ...

Twenty-one families whose houses were demolished during an eviction on Tuesday said yesterday that they planned to refuse an offer of houses, land and cash from the tycoon who now possesses their land. Villagers, however, will continue to discuss the offer in another meeting scheduled ...

Mesco Gold has established drilling and exploration resources at the Phum Syrang prospect in Ratanakkiri province, targeting extraction by late 2014, three to six months ahead of schedule, according to a statement released by Angkor Gold, which holds the land concession. The statement said Mesco had ...

The inclusion of 20 communes to the central Phnom Penh water supply in the past year has resulted in a dramatic increase in demand and subsequent shortages, Phnom Penh Water Supply Authority officials said yesterday. “Water demand in Phnom Penh is growing fast day to-day, ...

Two men were arrested yesterday and more than 1 ton of rosewood was confiscated after the car they were using to transport the illegally logged luxury wood smashed through a police barricade in Kandal province, officials said. Deputy Kandal provincial police chief Sao Sothun said that ...

Cambodia’s General Department of Taxation said in a press release on Thursday that the country collected 122 million U.S. dollars of tax in the first two months in 2013, up 27 percent compared to the same period last year. In the whole year of 2012, ...

Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...

Cambodian crocodile farmers prefer selling young live crocodiles directly rather than raising crocodiles and selling their skins for export as they believe there is no market, despite officials encouraging crocodile farming for skin exports. Heng Chheng, a crocodile farmer from Battambang, has raised crocodiles since 1984. ...

Land prices in Bavet town in Svay Rieng province have been “stable” despite a great deal of purchasing seen in early 2013, property experts said. Nuon Rithy, general manager at the Bonna Realty Group, said there have been lots of land trading in Bavet so ...

In a bizarre twist at the Appeal Court hearing of radio station owner Man Sonando, the prosecution yesterday asked that judges drop the charge against Mr. Sonando of inciting antigovernment violence, but then asked the court to uphold another charge leading to an insurrection. Mr. ...

A disguised shipment of nearly eight cubic metres of illegal rosewood worth an estimated $50,000 was snagged yesterday in a Forestry Administration dragnet in Siem Reap province after agents in Banteay Meanchey alerted authorities the shipment was headed their way, Forestry officials said. Siem Reap Provincial ...

Construction costs in the Kingdom have increased only 1.36 per cent year-on-year, compared to Cambodia’s inflation rate, which is projected at 3.5 per cent for 2012, according to a new report from global estate agents CBRE. The company says the minimal increase is due to the ...

French government through French development agency will give $74million loan to Cambodia to support social and economic development in the kingdom, according to a senior official said today. Director General of French Agency for Development (Agence Française de Développement -AFD) Mr Dov Zera will travel to ...

The number of subscribers to the mobile operator Beeline plummeted by more than 400,000 in the fourth quarter of last year—the single-largest drop for the carrier since it entered the Cambodian market in mid-2009—while the average revenue per user (ARPU) increased slightly, the company’s quarterly ...

Police, military police and forestry officials evicted 100 families in Koh Kong province’s Smach Meanchey district yesterday, shooting into the air during the forcible removal to disperse villagers with the threat of violence. It was the second day of evictions in an area authorities say ...

Cambodia’s authorised distributor for Mercedes-Benz will also be selling Volkswagen vehicles in May, as it hopes to cash in on higher growth in the mass-market car sector. Though the sole distributorship deal was signed in 2009, Hung Hiep Group received approval last week from VW to ...

Frequent power outages in Phnom Penh, a result of a shortage of supply and overuse by consumers, is harming the competitiveness of Cambodian products, industry insiders said yesterday. In addition to the challenges of expensive electricity prices, an ongoing issue for production costs, unreliable supply during ...

More than 400 activists fighting the destruction of the Prey Lang forest held a ceremony yesterday in which they tied Buddhist monk’s robes around the trunks of trees – a gesture of protection – to stop them from being cut down. Six monks and villagers from ...

The 2013 China’s Zhejiang and Cambodia matchmaking symposium was held here on Tuesday to seek opportunities to expand business ties between China and Cambodia. Gong Zheng said the Chinese firms are doing businesses in the fields of agriculture, infrastructure development, construction and real estate, mineral ...