News

Forty families from Kandal province’s Chroy Snor village filed a complaint with Licadho yesterday, accusing district fishery officials of keeping an illegal fishing lot open and renting it to businessmen.   ...

The Ministry of Commerce is setting up a National Confederation for Rice Exporters to achieve Prime Minister Hun Sen’s target of exporting 1 million tons of milled rice by 2015. ...

Maybank will bet on what it said was Cambodia’s low bank-penetration rate for future growth as it transitions from a branch of its Malaysian parent into a locally incorporated subsidiary. With 34 licenced banks operating in a market with US$4.07 billion in loans in 2011, analysts ...

More than 1,600 tons of cassava have been stuck at the Thai-Cambodian border in Banteay Meanchey for several days because Thai officials have banned imports of the crop in an effort to support domestic prices at home, officials and exporters said yesterday. The cassava, 800 tons ...

Cambodian officials are pushing the country’s small- and medium-sized enterprises to prepare for a potential increase in demand expected with the establishment of the ASEAN Economic Community by 2015. ...

After a week of global media reports dissecting Cambodia’s relationship with China, Prime Minister Hun Sen had apparently had enough yesterday – lashing out at the media and analysts he termed “crazy” in what proved an unexpected conclusion to the 20th ASEAN Summit. The premier spent ...

The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...

A code of Conduct governing the South China Sea remains only an “eventual” prospect, Prime Minister Hun Sen said yesterday, despite it dominating discussions during this week’s ASEAN Summit. From the beginning of Monday’s Foreign Ministers’ Meeting, the question of China’s potential involvement in the drafting ...

More than 100 female workers fainted yesterday in Kompong Speu province at a Taiwanese-owned garment factory manufacturing clothes for the US sports brand Nike, an official from the Ministry of Labor said. Pok Vanthath, deputy director of vocational safety inside the ministry’s health department, said he ...

Another Cambodian maid died in Malaysia last week, and starvation by her employers is the likely cause, Malaysian police said yesterday. Speaking to the Post by phone, Penang state police chief deputy commissioner Datuk Wira Ayub Yaakob said 24-year-old domestic worker Mey Sichan’s employer had called ...

Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...

Two hundred tons of unmilled rice slated for export to Vietnam was destroyed in a warehouse fire in Kandal province’s Ang Snuol district early yesterday morning ...

107 workers at the Sabrina Garment factory in Kampong Speu’s Sambo commune were sent to hospital after becoming dizzy and fainting late yesterday morning. Choek Borin, the Labour Department’s Kampong Speu bureau chief, said that 107 factory workers fainted ...

Kampong Speu provincial court issued summonses yesterday to five villagers from Thpong district’s Omlaing commune, who are involved in a long-standing land dispute with Cambodia People’s Party senator Ly Yong Phat’s Phnom Penh Sugar company. ...

The rift between Cambodia and the Philippines over the role of China in addressing the South China Sea issue continued to widen yesterday, with the Philippines’ president telling his counterparts during an Asean Summit meeting that China should be left out of discussions on a ...

About 300 people from six villages in Pursat province’s Kbal Trach commune protested yesterday outside Pheapimex Group’s Krakor district office, the latest confrontation in a land dispute that stretches back 13 years. Villager representative Duok Sary said they had come to demand that the company ...

Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...

Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...

About 300 villagers in Pursat province’s Krakor district yesterday protested to stop the powerful Pheapimex Company from clearing their farmland after armed military police arrived in the area to guard the firm’s government-awarded land concession, villagers said. The company used two excavators and nine bulldozers to ...

Some of Southeast Asia’s most acute problems were left unmentioned yesterday when government-sanctioned civil society groups met with Asean leaders at the regional bloc’s summit in Phnom Penh. NGOs from eight of the 10 Asean states attended the meeting, but the Indonesian delegation pulled out, complaining ...

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...

Kratie provincial authorities met with more than 500 Pi Thnou commune families seeking a social land concession yesterday, making good on a promise made last week in order to get villagers to end their blocking of national road 6A. ...