Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...

PHNOM PENH — China’s Hainan Ruijin investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided ...

Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...

Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...

The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...

Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...

The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...

Bangchak Petroleum, a majority state-owned oil refiner and retailer in Thailand, said it wants to open five petrol stations in Cambodia, with the first station opening in 2014, the Bangkok Post reported last week. Tui Rutten, president of the Thai Business Council of Cambodia did not ...

More than 40 hectares of protected forest in Rattanakiri’s O’Yadav district was razed by a Vietnamese company over the course of six days before they were stopped yesterday by villagers and investigators from rights group Adhoc, a local official said. Sav Hlin, a village chief in ...

In a country where corruption is as rife as it is In Cambodia, global brands must work with governments to ensure garment factories are safe and workIng conditions legal, International NGO Transparency International (TI) said yesterday. In Cambodia, where two workers were killed when a ceilIng ...

As much as $16 billion of investment is needed in Cambodia over the next decade if the country’s infrastructure is to keep up with the pace of economic growth, ac­cording to a regional think tank. At a seminar in Phnom Penh on Thuesday, Jakarta-based Economic Research ...

Since the July 28 national election, the two parties that took seats in the National Assembly can agree on very little. The ruling CPP claims it won 68 seats to the opposition’s 55, giving it a majority in the 123-seat National Assembly, while the opposition CNRP ...

Eight members of the Prey Lang forest community network, summonsed to the Kampong Thom provincial court yesterday to answer a 2011 complaint, rejected its accusation that they had caused intentional damage by uprooting cassava plants belonging to Ol Ratha and maintained they had acted only ...

VimpelCom, the parent company of local mobile operator Beeline, is looking to sell the majority share of its Cambodian assets and has entered into negations with a possible buyer, according to a document obtained yesterday. “VimpelCom intends to dispose its entire indirect 90.0 percent stake in ...

Human rights group Adhoc yesterday criticized a commune official in Pursat province’s Veal Veng district for accusing one of its staff of incitement and spreading disinformation after villagers traveled to Phnom Penh in March to protest over a land dispute with well known businessman Try ...

Spending in NagaCorp’s casino has dropped by about 4.4 per cent in the first quarter of the year compared with the same period last year. Some $1.17 billion was gambled in the casino from January to March this year, said a company quarterly report released last ...

Canadian miner Angkor Gold has found “visible gold in the soil samples” in the Otray prospect in Ratanakkiri province, which hints at possibly larger reserves, said CEO and chairman Mike Weeks in a press release published on Wednesday. ...

Conservation officials have confiscated a truck containing 20 cubic metres of illegally cut, luxury-grade timber from an economic land concession owned by the firm TTY Corporation, a district official said yesterday. Kratie provincial officials seized the logs, along with two trucks and two cars on Monday ...

The French Development Agency (AFD) said yesterday it is discussing an approximately 50 million euro ($65 million) loan to extend electricity transmission lines, and said it plans to provide more loans for vocational training in the Kingdom. “We are discussing [the] loan . . . that ...

More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...