ព័ត៌មាន​

Diversified conglomerate San Miguel Corp. (SMC) will invest $1.5 billion for its airline venture in Cambodia, its top executive said yesterday. Cambodia Airlines will have about 20 aircraft in its fleet and add as much as $400 million revenues per year to Philippine Airlines (PAL), said ...

Cambodia’s Royal Group of Companies is in negotiations to purchase a satellite from China Aerospace Science and Technology Corporation for its telecoms operations in Cambodia, Cambodian Minister of Commerce Cham Prasidh said Wednesday. Tycoon Kith Meng currently owns the kingdom’s largest mobile phone operator, Mobitel. ...

China has pledged another $548 million in aid to Cambodia for infrastructure and irrigation systems, extending assistance that some critics say has bought it Cambodia’s diplomatic support. Agreements covering $500 million in soft loans and $48 million in grants were signed when Prime Minister Hun ...

The road to Srekor I village in Stung Treng province’s Sesan district is a bumpy one. The small discomfort caused by being jolted about on a motorcycle or being thrown around in a car, however, is offset by the striking scenery that surrounds a traveller ...

Stung Treng province Commune chief Seak Mekong changes into uniform in his family’s small wooden home in Sesan district’s Srekor I village before leading reporters to a speedboat on the Sesan River and motioning them to climb aboard. Mekong, a 42-year-old Sam Rainsy Party official, says ...

Prime Minister Hun Sen approved a decision in January to transfer hundreds of thousands of customers from bankrupt mobile phone operator Mfone to the country’s largest telecommunications firm, Mobitel, despite a court injunction preventing Mfone from offloading assets. According to the statement released yesterday by the ...

Cambodia Airlines, a majority-owned Cambodian company, and San Miguel Corp., the Philippines’ most diversified conglomerate, on Tuesday signed a joint venture agreement to set up a Cambodia-based airline – Cambodia Airlines – to service domestic and regional flights. The agreement was inked between Cambodian tycoon Kith ...

As many as 40 workers are cutting down trees, marking other trees they plan to fell in protected forest areas and piling up luxury timber in a flood-safety zone in Stung Treng’s Srekor commune, a local official said yesterday. Commune chief Seak Mekong said the workers ...

The 2013 China’s Zhejiang and Cambodia matchmaking symposium was held here on Tuesday to seek opportunities to expand business ties between China and Cambodia. Gong Zheng said the Chinese firms are doing businesses in the fields of agriculture, infrastructure development, construction and real estate, mineral ...

A CPP lawmaker said yesterday the government has signed 13 payment guarantees to companies constructing coal-fired power plants and hydropower dams in the country, a move that an Asian Development Bank (ADB) official reiterated was risky for the country’s fiscal future. CPP lawmaker Cheam Yeap said ...

After a 60- minute debate, the Senate on Friday voted in favour of a payment guarantee for the private companies constructing the controversial Lower Sesan 2 dam in Stung Treng province. At the Senate session, 43 out of 48 senators voted to approve the deal which ...

The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on ...

The government has promised to monitor the progress of local conglomerate Royal Group in its implementation of a $781 million dam project in Stung Treng province, that has been guaranteed by the government, CPP lawmaker Cheam Yeap said yesterday. Mr. Yeap said yesterday that the ...

Villagers near the Sesan River in Stung Treng province are a step closer to being forced to make way for a hydropower dam following a National Assembly vote on Friday, but they are no closer to learning the details of such a move, a community ...

New York-based advocacy group Human Rights Watch (HRW) has accused the Cambodian Bar Association of trying to silence potential government critics ahead of July’s national elections by imposing restrictions on lawyers making public statements. The Bar Association and the Information Ministry have both issued edicts that ...

A controversial order instructing lawyers to consult the Cam­bodian Bar Association before making public statements was triggered by comments made by an attorney involved in the high-profile legal battle involving mo­bile operator Mfone, a spokes­man confirmed on Monday. Kuoy Thunna—who is representing Chinese telecommunications firm Huawei ...

Although Mfone subscribers are due to transfer their accounts to Mobitel today, the Post has learned that telco provider Huawei Technologies (Cambodia) is still waiting for a court to rule on the legality of the transaction. Huawei’s lawyer, Kuoy Thunna, filed a letter late last month ...

A draft law on the financing of a controversial dam project in Stung Treng province obtained yesterday shows that about $38 million will be spent on the resettlement of almost 800 families. This marks a significant decrease from the more than 1,000 families the companies ...

Representatives of a massive hydropower dam project in Stung Treng province’s Sesan district approached local authorities late last month informing them that the government had granted the company permission to clear 36,000 hec­tares of land for a reservoir, officials said on Sunday. The 400-megawatt Lower Se­san ...

U.S. fast-food chain Burger King is set to open its first restaurant in Cambodia next month, an official confirmed yesterday. Advertisements have gone up at the Phnom Penh International Airport bearing the famous Burger King logo, with a message saying that the chain is “Coming soon.” ...

A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...

Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...

The massive and highly controversial Lower Sesan 2 Dam project took a major step forward yesterday with the inking of government power purchase agreements and an investment deal between Royal Group and a Chinese company. But details about the contracts, their implementation or the fate of ...

Prime Minister Hun Sen will open the 2012 ASEAN Business and Investment Summit, to run from the 17th to the 18th, in Phnom Penh tomorrow, ahead of the 21st ASEAN Summit on Monday. The summit is being held in an attempt to increase regional trade ...