ភ្នំពេញប៉ុស្តិ៍

Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...

Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...

Kratie provincial authorities met with more than 500 Pi Thnou commune families seeking a social land concession yesterday, making good on a promise made last week in order to get villagers to end their blocking of national road 6A. ...

Borei Keila evictees sleeping under stairs at the site where their houses were bulldozed in January would die unless more aid organisations provided them with food, an NGO representative said yesterday. Amnesty International paid for the Housing Rights Task Force (HRTF) to deliver more than 1,200 ...

Boeung Kak lake residents yesterday accused commune police of not fulfilling their duty of keeping them safe, forcibly expelling a number of officers from a press conference called to highlight the problem. ...

The Philippines thrust the South China Sea dispute to the forefront of the ASEAN Foreign Ministers’ Meeting yesterday, causing the topic to dominate discussions. Myanmar by-elections and North Korea also featured prominently on the eve of today’s ASEAN summit, overshadowing the foreign ministers’ planned focus on ...

Cambodia had made its first direct shipment of rice to China, an official revealed yesterday, but the test run, which was hoped to open the vast Chinese rice market to local exporters, was largely unsuccessful. Golden Rice Co Ltd shipped 48 tonnes of milled rice to ...

Hu Jintao had already left the day before, but five Boeung Kak villagers were undeterred yesterday as they attempted to leave a petition for China’s president, only to be turned back by police. The quintet, whose petition requests that Hu intervene in their land dispute with ...

Cambodia’s Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director. ...

Toll Royal Railways chief executive David Kerr is on track to leave Cambodia by the end of the month, according to his expected replacement. Bobby Luow, a 40-year veteran of the rail industry, mainly in South Africa, told the Post he had been brought in to ...

Families forced to move by the rehabilitation of the Phnom Penh stretch of the national railway petitioned the Asian Development Bank yesterday for help with their livelihoods. About 50 people gathered outside the ADB’s office to submit a petition representing more than 160 families relocated to ...

Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...

Cambodia’s Minister of Economy and Finance Cham Prasidh yesterday said the Kingdom would push forward with efforts to eliminate development gaps among ASEAN member states during its chairmanship this year. ...

More than 400 families in Kampong Cham province’s Chup commune had filed a complaint yesterday to local authorities over relocation orders issued last week, villagers said. Hom Hon, 55, a retired rubber plantation worker and former employee of Sopheak Nika Investment Group Company, said that on ...

Sorn Sokna, chief executive of Sonatra Securities in Phnom Penh, has been made chairman of the ASEAN Business Advisory Council’s ASEAN Business Awards. ...

A weekend meeting between Chinese President Hu Jintao and Prime Minister Hun Sen concluded with millions in loans and aid agreed to and a clear message: neither nation is in a rush to deal with the prickly South China Sea dispute. At the Saturday one on ...

CAVFOOD, a joint venture between Cambodian and Vietnamese companies, launched the first phase of its US$8 million rice mill in Phnom Penh on Friday. The venture is an investment by Cambodian state-owned rice exporter Green Trade and Vietnam’s VNA Food 2 and Bank for Investment and ...

Cambodia’s exports to the European Union increased by 40 per cent to a total value of US$1.3 billion in 2011, according to European Trade Commissioner Karel De Gucht, who is in Phnom Penh for the ASEAN-EU Business Summit. “I think it is fair to say ...

Two villagers from Koh Kong  province involved in a land dispute with a Chinese company were detained for questioning on Saturday afternoon, halting their plans to file a petition with the Chinese embassy during President Hu Jintao’s visit. Thirty-three other villagers who had planned to deliver ...

About half of the land concessions granted since 1994 are in the hands of Chinese companies, according to data released yesterday by the Cambodian Center for Human Rights. Ouch Leng, CCHR land reform project coordinator, said that from 1994 to 2012, the Cambodian government granted 4,615,745 ...

Civil society groups from Thailand will boycott a meeting between NGOs and regional government representatives at this week’s ASEAN summit because their country’s delegate “does not represent Thai civil society”, a spokeswoman said yesterday. Premrudee Daoroung, a representative of Thai civil society groups, said her country’s ...