News

When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...

NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...

A delegation of 15 Indian firms is in Cambodia this week looking to increase the country’s involvement in Cambodia’s economy, particularly in the agriculture and mining sectors. At present, Cambodia does modest trade with India, the second largest country in the world by population. But the ...

Deputy Prime Minister Men Sam An yesterday said the government should clear beggars away from the country’s most popular tourism sites by providing them with decent education and legal ownership of their land. “We have performed well in working with homeless people, but I noticed ...

CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...

At least six people were seriously injured Wednesday in clashes between about 100 villagers demanding land compensation and 300 security personnel in front of the home of Cambodian Prime Minister Hun Sen, activists said. According to villager representative Tep Vanny, the evictees from Phnom Penh’s Boeung ...

Four families who were violently evicted from Borei Keila in January last year built shelters yesterday in the rubbish where their houses once stood, claiming the land still belonged to them. The evictees erected small frames on the land, in the capital’s Prampi Makara district, irritating ...

Just 6 percent of 12,006 commercial freight vehicles passed recent road safety inspections, while an estimated 70 percent of car drivers bought their driving licenses illegally from private driving schools, a meeting at the Ministry of Public Works and Transportation was told yesterday. Many of the ...

Turkey is willing to establish an embassy residence in Cambodia in order to promote bilateral relations and cooperation between the two countries, the newly- designated ambassador of Turkey to Cambodia, Osman Bulent Tulun said Tuesday. The two countries’ bilateral trade is relatively small. According to ...

Cambodia’s waterways are significantly under-used for the transport of commodities such as rice, and enhanced infrastructure and a review of government fees is needed at the Kingdom’s ports to make exports more competitive, industry experts say. According to figures from the Alliance of Rice Producers and ...

The French Development Agency yesterday agreed to grant Cambodia a total of $47.7 million, $8.7 million of which is a loan. The sum is to support the Kingdom’s irrigation infrastructure investment, to improve the country’s access to drinkable water and to fund the fight against emerging ...

With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...

PHNOM PENH – Cambodia imports all of its fuel from abroad, but little regulation in the sector means everyday Cambodians see all kinds of prices at the pumps. Prices are high in Phnom Penh, while sometimes cheaper on the outskirts of the capital and even ...

The Phnom Penh Municipality and delegates from Cleveland, Tennessee, yesterday signed a memorandum of understanding to establish sister-city status, officials said. “While we are welcoming [the delegates], there are people outside who are demanding that we solve their housing problems,” said Phnom Penh Governor Kep ...

“Counterfeit medicine kills, while real medicine heals.” This was the simple but apt message selected just over a year ago for a poster campaign in Cambodia that aimed to raise awareness of the risks of counterfeit medications, as part of a government crackdown on the ...

A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment Gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...

The government has announced plans for a landmark project to create a system for diverting and then stocking waste water, in a bid to prevent run-off into the streets of Phnom Penh and the Tonle Sap river. Moeung Sophan, a consultant to the Phnom Penh Department ...

Speaking to hundreds of garment workers yesterday in Phnom Penh, Kem Sokha, deputy president of the Cambodia National Rescue Party (CNRP), appealed to those in attendance to vote for the newly formed opposition party, promising higher wages, social security and free access to schools and ...

More than 40 families from Koh Kong province gathered on Friday outside Prime Minister Hun Sen’s Phnom Penh home to ask him to intervene in their land dispute with provincial forestry administration, village representatives said yesterday. According to one villager, 37-year-old Sam Sary, 47 families delivered ...

The U.N.’s expert on housing rights has cited the World Bank’s failure to help thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as a prime example of why the bank needs to make human rights a focus of its land sector programs worldwide. At ...

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. ...

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- ...

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 ...