ភ្នំពេញប៉ុស្តិ៍

The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...

US diplomatic cables released by WikiLeaks have shown a positive light towards two high-profile court cases in Cambodia. One case concerns the trafficking and physical abuse of an 11 year old girl and was Cambodia’s first case of human trafficking to be prosecuted. The cables ...

US Diplomatic Cables released by WikiLeaks show that the US Embassy in Phnom Penh sought the presence of Secretary of State Hillary Clinton for the 60th anniversary of diplomatic relations between the USA and Cambodia. Ms. Clinton did not attend the celebration but rather visited ...

The South Korean government is looking to procure farmland aboard, approximately 380,000 hectares by the year 2018. The government is providing assistance to companies that lease arable land or buy stakes in overseas operations and are looking for such potential in Cambodia as well as ...

Cambodia has seen an increase in the number of arrivals through its land check points. They are predominately American and Russian, with the number of Thai visitors having fallen due to border disputes between the two nations. It is expected that the number of tourists ...

Megaworld International a Philippines-based development company is expanding its operations in Cambodia in order to attract more of Cambodia’s growing middle class. They held an exhibition in Phnom Penh to entice locals to invest in the Manila property market. There are approximately 3000 residents in ...

US senators are pushing for a resolution that would use US influence within the Mekong basin to ensure that the construction of hydroelectric dams, such as the Xayaburi dam in Laos, would meet exacting environmental standards. The resolution would not be law but rather policy ...

The Cambodia Security Exchange (CSX) has launched though trading has yet to begin. Government officials and investors are upbeat about the launch saying that it will spur economic growth. The chance for investment in Cambodia is said to have grown significantly since the advent of ...

Sonatra Securities a designated broker has launched its operations in Cambodia ahead of the launch of the Cambodian Securities Exchange (CSX). As one of the four companies licensed by the Securities and Exchange Commission of Cambodia, Sonatra will be able to buy and sell shares ...

The Asian Development Bank (ADB) is focusing on lending to the agriculture, education, finance, water supply and transport sectors in Cambodia as part of its three year Country Partnership Strategy, worth $500 million. $377 million will be allocated to 12 projects in the five mentioned ...

Exports of rice from Cambodia have quadrupled in the first part of 2011 according to the Ministry of Commerce. Rising international prices along with high domestic yields have spurred the growth to 80,442 tons of rice being exported compared to 17,144 tons the previous year ...

Rights groups have alleged that villagers are being pushed off their land to make way for sugar plantations by companies such as LYP Group, owned by Senator Ly Young Phat. The issue was raised with the Finnish Foreign Minister Erkki Tuomuoja and the Minister for ...

7 unions working together have said that they refuse to support a union law that has been drafted as the government has ignored their recommendations.  The potential legislation is said to be prohibitively restrictive and the unions have said they will boycott by organizing peaceful ...

Fish yields have supposedly dropped by 20 to 30 percent according to fisherman, as a result of the destruction of natural marine environments such as mangroves and the increase in the number of people fishing. Ministry of Agriculture, Forestry and Fisheries estimated the total number ...

Cambodia has approved the creation of a footwear association under the umbrella of the Garment Manufacturers’ Association in Cambodia. 37 of the country’s 38 footwear factories agreed to the creation of a representative body for their industry. The footwear industry is said to have exported ...

Gold in Mondolkiri is at the center of a dispute between OZ Minerals and Shin Ha Mining Co Ltd after an alleged breach in contract. OZ Minerals bought out Shin Ha Mining Co Ltd from their joint venture without paying the true value of the ...

After the So Ngoun Company sprayed pesticides in Kampot province approximately 90 villagers have become ill. They are being treated for vomiting, diarrhea, and dizziness after drinking contaminated water, as the pesticide flowed downstream after some rains. The pesticide was sprayed in order to rid ...

Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...

Vietnam’s Cai Mep port has contributed to a growth in shipments from the Phnom Penh Autonomous Port this year, Cambodian officials say. The Vietnamese deep-water port, near Ho Chi Minh  City, allows cargo to be transferred to ships travelling to more distant markets such as ...

Sixty community representatives from Preah Vihear and Kampong Thom provinces expressed concern yesterday over a string of recent economic land concessions granted within the bounds of the Boeung Per Wildlife Sanctuary. At a press conference held in Preah Vihear’s Rovieng district yesterday, they claimed the ...

Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia (GMAC) president Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders  as the global economy recovered, he ...

The global economic recovery this year continues to benefit Cambodian banks, although insiders said yesterday macro-economic press-ures were still weighing on the industry. Some of Cambodia’s biggest banks had enjoyed a strong 2011 thanks to a rebound in lending, deposits and profits, officials said. Economists, ...

The former country partner and staff of Grant Thornton Law and Associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. As a result, BDO Cambodia’s team will now comprise over 30 staff and partners, a ...

Overloaded vehicles are contributing to a more rapid than anticipated deterioration of Cambodia’s road network, experts said yesterday. “The cost of overloading causes problems to everyone involved, but it is easy to control damage if we have good system in place. This is the only ...