ភ្នំពេញ

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...

The construction of a new $17.5 million women’s cancer hospital specializing in gynecological services will break ground this summer, one of the co-founders said yesterday. Janne Ritskes, the director of Tabitha Cambodia, an organization that works to improve the lives of poor Cambodians, said the 220-bed ...

Despite Phnom Penh’s rapidly increasing traffic woes, it might take until 2035 for a public transport system in the Kingdom’s capital to be operational, government development partners said yesterday. The Japan International Cooperation Agency, which has been working with Cambodia’s government since 2001 on an ...

Prime Minister Hun Sen yesterday said all of the country’s cities would compete with each other to beautify urban zones and attract more tourists in the newly devised Clean City contest. Nine Phnom Penh districts and 26 cities nationwide will be assessed on how clean ...

Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...

Japan’s second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a representative office in Phnom Penh on Friday. The office would serve as an information centre for potential investors and hoped to attract more Japanese companies, Masato Miyachi, general manager of the bank’s Asia and China division, ...

Seven months after City Hall called for companies to submit proposals for the city’s first-ever bus service, Phnom Penh Municipality has announced that four out of seven companies who have shown interest will be considered. The municipality in May and June 2011 invited all interested companies ...

A PROTEST on the fifth storey of a residential high-rise in Borei Keila ended with authorities fleeing the scene and incensed villagers breaking down a door yesterday. About 50 villagers converged on the site to protest against Phan Imex and authorities evicting a man from his ...

The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...

The Phnom Penh Municipal Court yesterday charged four female Boeng Kak lake residents with insulting police and obstructing public officials during a protest that turned violent on Monday. Earlier in the day, dozens of residents were blocked by riot police from leaving the lake area, ...

Despite signs that demand is starting to come back to the real estate sector, an oversupply in the market has kept prices for commercial and residential properties in Phnom Penh flat over the past 12 months, according to data from Bonna Realty Group. Prices for commercial ...

City Hall coordinated the release of 120 tons of rice in cooperation with the state-run Rural Development Bank yesterday to keep prices in the city stable amid reports that vendors were using the current floods to gouge customers. Last week, Prime Minister Hun Sen said the ...

“Cargo transferred to and from the Phnom Penh Autonomous Port (PPAP) is at 121,654.116 tones in September of 2011, increasing 30 percent if comparing to September 2010 with 92,648.796 tones,” according to the report from the PPAP obtained by SEAW on October 3rd. This September report ...

Freight shipments through Phnom Penh Autonomous Port saw year-on-year growth of 30 per cent in the first nine months of the year, according to official PPAP figures. The total number of twenty-foot equivalent units that passed through the port hit 60,810 between January and August, up from ...

Phnom Penh Autonomous Port plans to join three other state-owned enterprises in listing on the recently launched Cambodian Securities Exchange, an official said yesterday Hei Bavy, the port’s director general, said that Finance Minister Keat Chhon has spoken to officials at the port, expressing his interest ...

National carrier Myanmar Airways International plans to launch flights to the Cambodian capital Phnom Penh by October, an airline spokesperson said. Flights will operate on Wednesdays and Saturdays, via Siem Reap, using a new Airbus A-321 that can accommodate 220 passengers. “We will add one Airbus A-321 ...

Sixty villagers from Kratie province staged a protest Friday in Phnom Penh’s Wat Botum Park, claiming that their land had been grabbed by three private companies, and appealed to Prime Minister Hun Sen to intervene in their case. Slesh Vansoekrya, a representative of the villages, said ...

Democrat MP for Surat Thani Suthep Thaugsuban denies he held secret talks with Cambodian officials about oil and gas interests in the overlapping marine area during the tenure of the Democrat-led government. Mr Suthep, a former deputy prime minister, conceded yesterday he met Cambodian Deputy Prime ...

Forty-four garment workers on Friday fainted at the Chim Ly garment factory in Phnom Penh’s Dangkao district, a police official said yesterday. Kambol commune police chief Phan Phoeun said that at first only a few workers fainted, then others followed suit “because they saw other ...

For the first time since Phnom Penh municipality slated some 4,000 mostly poor families for forced eviction in 2007 to make way for a CPP senator’s controversial real estate project, City Hall yesterday promised them what they have always wanted most: titles to their land. ...

Phnom Penh City Hall has estimated it could receive about $6 million in revenue next year from property tax collection, which started recently. City Hall released some tax calculation methods on its website last week and said that “based on the estimation of the technical ...

The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...

According to diplomatic cables released by WikiLeaks US officials in Bangkok believed that Prime Minister Hun Sen’s decision to name former Thai premier Thaksin Shinawatra as an economic adviser in 2009 backfired after it increased support of the opposition. The Premier at the time of ...

70 workers at the Hung Wah Cambodia Garment Mfg. factory have fainted bringing the number of mass fainting in factories over the last year to nine. It is a well known phenomenon in Cambodia with three major spells so far this year. “Excessive hours of ...