The rumour mill has been in overdrive regarding the arrest of The Pirate Bay co-founder Gottfrid Svartholm Warg; however, various government officials yesterday shunned the conspiracy theories. Tom Abrahamsson, head of administrative and consular matters at the Swedish Embassy in Phnom Penh, refuted speculation that Svartholm ...

Acleda Bank has signed a $US10 million loan agreement   with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ...

Experts are recommending that a proposed dam on the Sesan River in northeast Cambodia be equipped with earthquake protection measures, after discovering a quake occurred in the area some 30 years ago. The proposed Lower Sesan II dam would be situated on a site in Stung ...

Police targeting of sex workers for arrest has made them vulnerable to contracting or spreading HIV, according to a U.N. report released yesterday. The U.N. report, Sex Work and Law in Asia and the Pacific-Laws, HIV and human rights in the context of sex work, states that ...

Chartered direct flights from Taiwan to Cambodia were re-launched on February 7 by Taiwanese airline Far Eastern Air Transport, one year after the company abruptly suspended the flights over a dispute with its Cambodian airline partner over unpaid aviation fuel. Six flights have been ...

ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...

Cambodian Prime Minister Hun Sen on Thursday met with a large group of Chinese business executives visiting Cambodia to explore investment opportunities. To date, he said, the Sino-Cambodian relationship has reached the level of the Comprehensive Strategic Partnership of Cooperation. The premier said China has helped ...

Sarorn Phi, 39, cautiously stops his moto 20 metres away from the large, signless boom gate blocking his path in Sesan district. He shuffles toward the security guard’s hut at the entrance to a sprawling Chinese rubber plantation and negotiates with the guard to enter ...

Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...

As wealthy Gulf states look to meet their food needs by investing in agriculture projects abroad, Cambodia-with its underutilized land and attractive foreign investment policies-makes a nearly perfect investment destination. But endemic corruption, land conflicts, a badly implemented economic land concession program, and an unreliable judiciary could ...

About 600 Tae Young factory workers are back on the job thanks to a court injunction – and the desire to pocket a little cash in time for Pchum Ben – but the return will only be temporary, workers said yesterday. The decision followed a Kandal ...

A better outlook for the price of Cambodian major crops, especially cassava and soybeans, drives the upward revision of growth of the other crops subsector. This in turn leads to a marginal upward revision of growth of the agriculture sector to an annualized rate of 4.6 percent, from 4.5 percent in our January ...

The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...

The Australian Federal Police (AFP) have closed an investigation into suspicious payments to officials in Cambodia by the world’s largest mining company BHP Billiton, according to a report released by the Organization for Economic Cooperation and Development (OECD). Although the report, released last month, does not ...

Cambodian authorities have disrupted several events held by nongovernmental organizations and have threatened to arrest anyone holding protests ahead of sensitive regional summits to be held in the capital Phnom Penh, rights groups said Wednesday. The Independent Democracy of Informal Economic Association (IDEA) said authorities in ...

PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...

Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...

Prime Minister Hun Sen has called on the Ministry of Information to accelerate the drafting of a long-awaited freedom of information law that could see more transparency in the Kingdom’s government. According to a press release issued by the Council of Ministers after a cabinet meeting ...

California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...

Three alleged members of a money-laundering operation worth more than $11 million who were arrested earlier this year in Phnom Penh have had their cases sent to court and are now awaiting trial, Om Yentieng, head of the Anti-Corruption Unit, said yesterday. The three suspects – ...