The National Bank of Cambodia (NBC) is constructing a spacious new office building in Phnom Penh’s sen sok district, though officials at the central bank yesterday insisted there were no plans in store to vacate their current, storied headquarters on Norodom Boulevard. “The headquarters will remain where it is ss='cambodia-color'>...

While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in ss='cambodia-color'>...

Bun Chhorn and Sok Tong &ndaSh; fugitiveS accuSed of orcheStrating a “SeceSSioniSt plot” in Kratie province &ndaSh; are refuSing to admit their guilt, and will hold a preSS conference Friday in Phnom Penh to Say aS much, deSpite Hun Sen&rSquo;S recent promiSe to drop their SS='cambodia-color'>...

Mobile operator Beeline yesterday announced the departure of siddhanta Kothari as its general director of Cambodian operations after just two months in the job. According to the statement, Mr. Kothari had been seated in the position for a fixed two-month term to “ensure the sustainability of ss='cambodia-color'>...

Pou Puy, president of the Cambodian Rice Millers Association, said that the export of Cambodia’s white rice faces challenges in terms of both quantity and competitive pricing, as exports of milled rice dropped about 35 per cent for the first half of 2012 compared to ss='cambodia-color'>...

The Phnom Penh Municipality issued a statement yesterday accusing the Cambodian Alliance of Trade Unions of violating their agreement when a garment workers’ protest on July 11 turned violent. some 20 garment factory workers from the Tai Yang factory had marched to submit a petition to ss='cambodia-color'>...

The Philippine ambassador in Cambodia is confident there will be more direct flights between the two Asian countries, apart from the current Manila-siem Reap route, which is six hours away by land from this capital. Ambassador Noe Wong expressed optimism there will be another memorandum of ss='cambodia-color'>...

Despite the spread of web-enabled smartphones and tablets in Cambodia, internet service providers expected the number of fixed-line applications to grow, two industry insiders said yesterday. “With the advent of tablets and faster smartphones, it’s inevitable that people will use their devices more and more for ss='cambodia-color'>...

At least one internet service provider in Cambodia still claims to have overlapping frequencies, which means losses for the affected company MekongNet. The company’s chief executive, sok Channda, reported that the internet service provider can’t use the frequencies that were supposed to cover the WiMAX service, ss='cambodia-color'>...

A Phnom Penh municipal government plan to build a 2.5 kilometre public space that would displace hundreds of villagers was greeted with requests for compensation by residents yesterday, while city officials refused to comment. Kiet Chhe, deputy chief of city administration, confirmed that a committee ss='cambodia-color'>...

Laos has denied it is pushing forward with the controversial Xayaburi hydropower dam in violation of international legal obligations, the country’s state media reported on Friday. Under a 1995 agreement with Cambodia, Vietnam and Thailand, Laos was obligated to not begin construction without a prior ss='cambodia-color'>...

The number of Cambodian workers passing through Poipet international checkpoint to work in Thailand decreased by 10 percent during the first six months of the year compared to 2011, an immigration police officer said yesterday. Leak Romnea, chief of administration of Banteay Meanchey province’s Poipet immigration ss='cambodia-color'>...

StrikeS Staged by garment and footwear factory workerS more than tripled in 2012 compared to 2011, with more than 100,000 workerS participating in at leaSt one Strike, an official of the Garment ManufacturerS ASSociation in Cambodia (GMAC) Said yeSterday. “HiStorically, prior to any electionS, we will See a SS='cambodia-color'>...

The government of Cambodia has collected 740 million U.s. dollars of tax in 2012, a 25 percent rise year-on-year, the General Department of Taxation said Wednesday. The revenues have been collected from tax on profit, withholding tax, tax on salary, VAT (Value Added Tax), special tax ss='cambodia-color'>...

Cambodia has attracted 9.17 billion U.s. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ss='cambodia-color'>...

Cambodia’s largest commercial bank, Acleda, plans to install 30 automatic teller machines (ATMs) this year as the bank expects about a million new depositors during the coming year. Acleda president and chief executive In Channy told the Post yesterday additional ATMs would be installed in Phnom ss='cambodia-color'>...

The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ss='cambodia-color'>...

Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ss='cambodia-color'>...

The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country. speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed ss='cambodia-color'>...

Police detained nearly 100 suspected loggers from crossing into Thailand from Oddar Meanchey’s Trapaing Prasat district on Friday to illegally cut timber, Provincial Governor sar Thavy said yesterday. The 95 would-be border crossers were arrested in several different groups and were in possession of logging equipment, ss='cambodia-color'>...