News

Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...

The Sichuan-Cambodia Business Matching Session 2014 was held here Thursday with an aim to further promote economic and trade relations between Cambodia and China. The half-day forum brought together business executives from 51 enterprises in Southwest China’s Sichuan Province and some 120 Cambodian business people. ...

Agriculture tycoon Mong Reththy yesterday confirmed a second shipment of Koe Romeat mangoes, twice the size of the first, will be headed for China this week from his Preah Sihanouk plantation. ...

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

The two sides of the Second Chroy Changva Bridge were connected Wednesday in a ceremony presided over by Transport Minister Tram Iv Tek. He said the Chinese-funded bridge would be completed by September. “The bridge was projected to cost $27.5 million to be spent on construction ...

City Hall has taken over the recently launched public bus route in Phnom Penh pending a review of the Chinese-owned firm that is contracted to run the fledgling service, a company official said yesterday. Lim Andre, Global (Cambodia) Trade Development’s manager in Phnom Penh, said yesterday ...

In a rare moment of honesty a Cambodian official has admitted his doubts about his country’s ability to meet regional expectations in time for the launch of the much vaunted ASEAN Economic Community (AEC) by the end of 2015. “If you talk about short-term: Yes, we ...

The work of fourth Cambodia-China Friendship Bridge has almost been completed after a 16-month construction, a contractor said Thursday. He Luesa, head of Shanghai Construction (Group) General Company’ s construction team, said the construction of a 855 meters by 13.5 meters Takhmao Bridge across Tonle Bassac ...

Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, said on Tuesday it has been approved by National Bank of Cambodia as a clearing bank for the Chinese yuan currency in the country. ...

A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...

On the shore of Koh Kong province’s Kiri Sakor district overlooking a cluster of islands, a flourishing new golf course lies vacant but for a handful of workers tending its empty greens. The Romanesque hotel behind it, replete with a bold central dome, luxury VIP suites ...

Seven Chinese nationals were prevented from entering the Areng Valley in Koh Kong province yesterday as locals continued their standoff with the operator of the Stung Cheay Areng dam concession, villagers at the scene said. Ven Vorn, a community leader among those blocking a road used ...

Desperate ethnic minority villagers in Koh Kong province’s Areng Valley have blocked a road that was to be used to transport heavy machinery onto their lands to start construction of the highly controversial Stung Cheay Areng dam, according to villagers and officials. Three Chinese employees of ...

Dozens of trucks, bulldozers and excavators have pushed Var Sokhoeurn to the edge of his remaining land at the Lower Sesan II dam site in Stung Treng province’s Srepok district. When Post reporters visited Sokhoeurn’s family last month, much of his land, where he grew cassava and other ...

Some 200 ethnic Kuoy minority villagers in Preah Vihear’s Chheb district blocked tractors belonging to a Chinese company from bulldozing their rice crops yesterday, the same day that district authorities received a letter from the Interior Ministry instructing them to broker an agreement between villagers ...

Road traffic accidents are killing more Cambodians per year than those who died annually as a result of war during their country’s more than two decades of armed conflict, Prime Minister Hun Sen said Monday. Speaking in Battambang province’s Bavel district at the inauguration of the ...

Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...

A Chinese-owned company in Preah Vihear’s Tbeng Mean­chey district stumbled across an 8th-century sandstone carving of the Buddha while excavating land there on Wednesday, the provincial culture department said yesterday. Oug Vireak, a deputy with the culture department, said the firm Lan Feng had been bulldozing ...

Cambodia’s first coal-fired power plant, which is expected to fill shortages in demand by producing an additional 100 megawatts of electricity every year, commenced full-time operations yesterday. Representatives from Malaysian company Leader Universal Ltd (LU), which built the plant, joined Prime Minister Hun Sen and ...

The Chinese-owned Union Development Group in Koh Kong province is bulldozing swaths of its land concession, originally intended for a massive tourist resort, to plant cassava and palm oil trees instead, a CNRP lawmaker-elect said Monday. Son Chhay, lawmaker-elect and CNRP chief whip, visited the area ...

Vietnam and China lead the pack of foreign companies granted economic land concessions in Cambodia for agro-industrial development by a wide margin, new data released by the Ministry of Agriculture, Forestry and Fisheries show. According to the ministry’s annual report, released last month, since 1993 the ...

When an ethnic Vietnamese crashed his motorcycle into an ethnic Khmer’s car in Phnom Penh’s Meanchey district last Saturday night, he was attacked by Khmers shouting the racially charged term for Vietnamese — “yuon” — and beaten to death. That an ordinary traffic accident turned into ...

Lawmakers-elect from the Cambodia National Rescue Party are scheduled today to visit families in Koh Kong province affected by a long-running land dispute with Union Development Group, just weeks after the company destroyed dozens of homes there. Rights groups say that Chinese-owned Union Development has burned ...

Trade between Cambodia and China’s Hong Kong increased by 19 percent in 2013, thanks to good ties between China and Cambodia, Raymond Yip, assistant executive director of the Hong Kong Trade Development Council, said here Friday. The total trade value between Cambodia and Hong Kong amounted ...