Hongkong Land, one of Asia’s largest property investment companies, plans to have excavators move in on one of its four properties in Phnom Penh’s Daun Penh district that it bought earlier this year, according to an official at the company. John Brinsden, country adviser for Jardine ...

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

After a year of mounting concern over the treatment of migrant workers both within and outside Cambodia, the Ministry of Labor, NGOs and recruitment agencies yesterday reached an agreement on standardized contracts aimed at minimizing the possibility for exploitation. The groups agreed on a contract between ...

The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers. Cheam Chan Sorphaon, director of the provincial agriculture department in ...

More than 2 million of the Kingdom’s nearly 18 million hectares of land – roughly 12 per cent – was given out to 225 private companies in economic concessions last year, according to an annual report released by rights group Adhoc yesterday. The concessions put 606 ...

About 800 Cambodian workers in Thailand went on strike yesterday against a major global seafood exporter they accuse of exploiting them. The factory, which has been identified by workers and rights groups as Phatthana Seafood Co Ltd in Thailand’s Songkhla province, allegedly scrapped a 20 baht ...

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Japanese developer Aeon Mall (Cambodia) Co. Ltd. will break ground on a 68,400 square meter high-end shopping mall in Phnom Penh in November, the firm said yesterday. Speaking during an introductory workshop for potential tenants, Kuniaki Minohara, general manager of Aeon’s leasing department, said the mall ...

The plan to create an economic union in the Association of the Southeast Asian Nations (Asean) will likely see a delay of a year, Asean Secretary-General Surin Pitsuwan said at the meeting of the bloc’s energy ministers in Phnom Penh. During the meeting, Mr. Surin said ...

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

More investment is needed as well as additional assistance for farmers if the government wants to meet its export goal of 1 million tons of rice a year by 2015, according to experts at a recent rice sector meeting in Phnom Penh. Participants said rice millers would need substantial access ...

Laos has contracted firms to build and operate another significant hydro-power plant on the Mekong River system, adding to the existing furor over potential effects on downstream countries such as Cambodia from the controversial Xayaburi dam. The contracts, reportedly worth $1 billion, are for a series of three dams making ...

Profits at Cambodia’s largest banks continued to grow through the first nine months of the year as loan disbursals across the sector increased by about 30 percent compared to the same period in 2011, bankers said yesterday. Acleda Bank, the largest bank in the country, this week posted ...

The National Election Committee (NEC) broke ground yesterday on a $12-million tower being funded by the casino company NagaCorp that is set to take more than two years to complete and has drawn concern from election groups. At a ceremony that took place on National Assembly ...

Noise from a loudspeaker yesterday cut through the usual peace on street 282 in Phnom Penh’s Beoung Keng Kang 1 neighbourhood, as five former massage workers at upscale spa Aziadee protested the sudden termination of their contracts. Waving posters in front of the shop ...

THIRTY workers involved in the restoration of the Angkor complex’s Ta Prohm temple were barred by their manager from entering the work site yesterday because of their unionism, labour representatives said. The stand-off followed the manager’s announcement that on February 1, he would dismiss the 30 ...

A draft law on the financing of a controversial dam project in Stung Treng province obtained yesterday shows that about $38 million will be spent on the resettlement of almost 800 families. This marks a significant decrease from the more than 1,000 families the companies ...

Though still one of the poorest countries in the region, Cambodia’s recent economic growth has birthed a new class of consumer. And waiting in the wings is German automaker Porsche, which intends to sell its distinctive sports cars directly to Phnom Penh’s wealthy within a ...

The number of subscribers to the mobile operator Beeline plummeted by more than 400,000 in the fourth quarter of last year—the single-largest drop for the carrier since it entered the Cambodian market in mid-2009—while the average revenue per user (ARPU) increased slightly, the company’s quarterly ...