Japanese Investment in Cambodia is steadily increasing as a result of sharply rising wages in China and other Southeast Asian nations. But experts warned this week that for sustained investment growth and to avoid driving Japanese companies to other attractive investment destinations such as Burma ...

Electricity Vietnam International (EVNI), a subsidiary of Vietnam’s state-owned electricity giant EVN, is no longer involved in the Lower Sesan 2 dam, a Vietnamese Embassy official confirmed yesterday. Cambodian conglomerate Royal Group and China’s Hydrolancang International Energy Co. Ltd. on Monday signed an agreement in Phnom ...

The Svay Rieng Provincial Court has issued summonses to question three women who were allegedly shot by a government official during a protest at a special economic zone (SEZ) in February, a court official and the plaintiffs said yesterday. About 20 eyewitnesses have already been questioned ...

The price of Phnom Penh Water Supply Authority (PPWSA) stock increased slightly to KHR 6,400 (US$1.57) on July 2 and remained at that level until July 5, while general trading volumes stayed between 10,000 to 12,000 shares except on July 2, when the volume dipped to just 2,200. The price increased ...

Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party ...

Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business relatively free from the graft as Cambodia makes anti-corruption headway. Cham Prasidh was in Washington last week, where he and other ...

A representative of Vietnamese state-owned electricity giant Electricity Vietnam International (EVNI) confirmed yesterday that their stake in a dam project in Stung Treng province has been bought out by their Cambodian and Chinese business counterparts. While Royal Group chairman Kith Meng has maintained that EVNI still ...

Amid reports that a second Cambodian has been killed this year by Thai armed forces while illegally logging in Thai border territory, officials had little detail yesterday on a government directive that is aimed at ending the international demand for rosewood from Cambodia. Prime Minister Hun ...

About 20 former residents for the Borei Keila community protested outside the Phnom Penh Municipal Court yesterday after a judge delayed a hearing regarding their land dispute with the powerful Phanimex company, a lawyer for the residents said. The residents filed a complaint against Phanimex ...

Further comprehensive economic co-operation and expansion among ASEAN’s member states, East Asia and its development partners was imperative for managing risks and impacts from the fragile global economy, Prime Minister and ASEAN chairman Hun Sen said during the ASEAN Global Dialogue yesterday. The dialogue brought together ...

Hong Kong has banned egg imports from Cambodia due to the country’s recent avian influenza outbreak, which claimed four lives last month. “Hong Kong does not import live poultry or poultry meat from Cambodia, but 170,000 poultry eggs were imported from there last year,” the ...

Improved quality coupled with growing international demand has sent crab prices escalating over the past year, officials said on Wednesday. In some provinces, the price has jumped as much as 66 percent during the past 12 months. Lang Kery, chief of the Koh Kong provincial Fishery Administration’s ...

The World Bank has denied a report that it is preparing to fund a new education project in Cambodia, 10 months after the bank froze all new lending to Cambodia to protest evictions and Phnom Penh’s Boeng Kak lake. In The, an undersecretary of state ...

Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...

Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, received 2.06 million foreign visitors last year, up 28 percent compared to 1.61 million in a year earlier, a tourism report said Tuesday. The temple greeted 339,530 South Koreans last year, up 23 percent year-on-year; ...

The Cambodian government on Thursday dismissed media reports in Australia linking Prime Minister Hun Sen to a mining company under investigation there for corruption. Earlier this week, The Age newspaper reported on Australian documents that described officials from BHP Billiton seeking a special meeting with Hun ...

More than 300 protesters seized two company trucks outside the Kratie office of Korean-owned timber company Think Biotech Co yesterday as protests by villagers who allege land-grabbing continued for a second day. “We have seized the company’s two trucks to ask the company to come ...

Phnom Penh municipal governor Pa Socheatvong has ordered a complete suspension of all sand-dredging activities while the municipality investigates whether the companies are operating illegally, a spokesman said. The order came during a meeting yesterday between the governor and his subordinates, City Hall spokesman Long Dimanche ...

More than 500 students and teachers from two high schools in Banteay Meanchey province’s Sisophon district took to the streets on Friday demanding better safety around schools after a truck crashed into a rice mill near one of the schools, injuring a man. The students and ...

The head of the International Monetary Fund (IMF), Christine Lagarde, has reaffirmed an earlier prediction that Cambodia will grow 7 percent this year, in an interview published today by The Post newspaper. Lagarde praised the country’s economic outlook, although she acknowledged that it will face challenges, ...