News

American business group Akra, led by Cambodian-born former US ambassador to the United Nations, Sichan Siv, has signed an agreement with a rice mill under a new co-operative structure it says puts ownership and profits back in to the hands of Cambodian producers. Akra’s managing director ...

When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...

The University of Sydney Business School has launched a research project in an effort to identify barriers to franchising in Southeast Asia, including Cambodia, and to develop a strategy to boost the sector’s growth in the region. The two-year project, funded by AusAID, targets structural, regulatory, ...

The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...

It’s no finalized yet as contracts still have to be signed, but it looks as if another bike maker from Taiwan is setting up shop in Cambodia. It will the 4th one which is to benefit from the duty and quota free status Cambodia made ...

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that ...

The government has ordered French construction firm TSO (Cambodia) Co. Ltd. to resume work repairing the railway line between Phnom Penh and Serei Saophoan City in Banteay Meanchey province, an official said yesterday. The French firm has been contracted to rehabilitate the France-build railway – a ...

Utilities giant Electricite de France (EdF) is preparing to en­ter negotiations with Cambodia over the construction of a power plant to use up natural gas locked up in disputed waters off the country’s coast, France’s ambassador-in-waiting to Cambodia said on Tuesday. Serge Mostura, who is still ...

Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...

The government has slashed about 250,000 hectares of land from 79 economic land concessions (ELCs), forest concessions and wildlife protection concessions and will return it, replete with land titles, to “poor people”, January’s Royal Book says. The publication, issued on January 17 and obtained yesterday, says ...

Etnhic Jarai families living in Ratanakkiri province’s Kakeo district yesterday filed a complaint with the provincial court, accusing a Vietnamese rubber company of clearing their ancestral land and filling in a lake they use for fishing and irrigation. Local officials say the company intends to ...

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...

Tractor imports fell by 24 per cent last year, a significant decrease from 44,993 units in 2011 to 36,301 units, according to recent statistics from the Ministry of Economy and Finance. Although the cultivation of some crops in the Kingdom has increased, analysts said yesterday ...

Pursat Provincial Court yesterday sentenced a military official, Poung Puthearith, to two years in jail – suspended to six months – on charges of threatening and obstructing the works of a forestry official, a court official said. Puthearith was arrested by the Anti-Corruption Unit ...

The Appeal Court has set a hearing date in a case against former Bavet town Governor Chhouk Bandith, who stands accused of shooting three protesting garment workers last year. In December, the Svay Rieng Provincial Court dropped charges against the official, only to see the case ...

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

Laos has stepped up plans for three hydropower dams on Mekong River tributaries, updating an eight-year-old deal with a Russian investor to build the projects for U.S. $1.5 billion. Lao authorities signed a project development agreement with Russia’s Regional Oil for the Sekong 4, Sekong 5, ...

Cambodia’s cashew-nut exports increased sharply from 443 tonnes in 2011 to 4,453 tonnes last year, according to the Ministry of Commerce. But observers say these figures do not reflect reality, as a large percentage of exports had not been recorded. An expert in cashew nut production, ...

More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...

The entire work force of the Ta Prohm temple restoration project in Siem Reap – more than 100 people – gathered at the temple yesterday to demand the reinstatement of 30 of their number [sic] who were dismissed at the start of the month. The 145 ...

Although Mfone subscribers are due to transfer their accounts to Mobitel today, the Post has learned that telco provider Huawei Technologies (Cambodia) is still waiting for a court to rule on the legality of the transaction. Huawei’s lawyer, Kuoy Thunna, filed a letter late last month ...

Cambodian Tourism Minister H.E. Dr. Thong Khon said: Cambodia, Laos and Myanmar had gained high growth of tourist arrival in 2012 for Asean region. “Cambodia is continuing its work including promotion to the outside world to attract tourists to see the country.” he said this week. ...

A track of land once farmed by 1,000 families in Kratie province — families violently evicted amid claims they were part of a separatist movement — is now home to a military base. Unit 9 Royal Cambodian Armed Forces base, which will be finished later this ...

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...