News

Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media ...

Cambodian Prime Minister Hun Sen’s just-concluded visit to China’s Nanning city for the 11th ASEAN-China Expo is a “success”, contributing to further enhancing Cambodia’s ties with China and ASEAN, a senior official said Tuesday. ...

Senior Cambodian officials on Tuesday vowed to further enhance cultural and people-to-people relations between Cambodia and China for the benefits of the two countries and peoples. “Cambodia supports all activities to broaden cultural ties with China,” Cambodian Minister of Culture and Fine Arts Phoeurng Sackona said ...

The China-proposed “21st Century Maritime Silk Road” will benefit the Southeast Asian nations in term of economy, a senior Cambodian official said Tuesday. ...

A China-invested Apsara International Air is going to launch flights in Cambodia later this month after it has received an air operator certificate from the Cambodia’s Civil Aviation, the company’s chief executive officer Zhang Xiaopeng said Monday. ...

The Cambodia Securities Exchange (CSX) last week made its long awaited move from the 25th floor of Phnom Penh’s Canadia Tower to its new home in a $4-million French colonial-era building on Street 106. The CSX officially moved into the two-story building on September 8, according ...

About 200 ethnic Phnong villagers gathered in Mondulkiri province’s Bousraa commune yesterday to protest against several companies that hold economic land concessions in the area, which they say are destroying their traditional livelihoods. The villagers from Pech Chreada district accused the Kau Su Dak Lak Company ...

The World Bank is contemplating a $25-million project to build up 15 social land concessions (SLCs) across Cambodia and could approve the scheme as soon as December, according to a proposal posted to the Bank’s website late last month, a move that would end its ...

The head of the National Assembly’s top human rights commission has warned Banteay Meanchey’s provincial governor to settle a land dispute involving 230 disabled soldiers’ families from the province’s Malai district, saying he will be sacked if the matter is not settled within three months. After ...

The last of 16 shacks that once clung to the edge of a mammoth development project in Phnom Penh’s Chroy Changva district were demolished by the Overseas Cambodia Investment Corporation (OCIC) on Monday. Seven families in Doeum Kor 2 village—where marshlands are quickly being pumped full ...

Some 3,000 workers protested in front of a garment factory in Prey Veng province Monday, calling for larger bonuses and better working conditions, according to unionists and factory representatives. Employees of the Chinese-owned Komchay Mear Trading factory, which produces clothing for U.S. brand Gap, have been ...

Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday. The 2,000-square-metre showroom on Monivong Boulevard currently holds just two of the German carmaker’s models, the Q7 and the A8L, with prices ranging between $135,000 and ...

Six Cambodian women trafficked to China to become brides and seven Cambodian victims of labor exploitation in Saudi Arabia will be repatriated by the end of the month, the Ministry of Foreign Affairs announced Monday. ...

The government of Cambodia is considering to allow local citizens to gamble in casinos. Currently, only foreigners are allowed to gamble in the country’s local casinos. According to an official from Cambodia’s Ministry of Economy and Finance, the government is considering to lift the restrictions on local residents, since ...

More than 100 officials from some 20 economies in Asia and the Pacific are meeting with donor institution representatives in Cambodia’s Siem Reap province in a bid to strengthen public financial management systems for climate change adaptation projects, said a news statement on Monday. ...

NagaCorp Ltd, the operator of the NagaWorld casino resort (pictured) in Phnom Penh, Cambodia, says it has commissioned “an independent professional party to review the internal controls of the company and its subsidiarieswith a focus on anti-money laundering”. The firm gives the information in its interim ...

The United Nations High Commissioner for Refugees has distanced itself from Australia’s still unsigned deal to transfer refugees from the Nauru refugee detention center for resettlement in Cambodia, one of Southeast Asia’s poorest nations. First raised in February, the cash-for-refugees deal is believed to be imminent. ...

Cambodian Prime Minister Hun Sen, accompanied by businesspeople and senior officials, flew to Nanning City of southwest China’s Guangxi province on Monday to attend the 11th ASEAN-China Expo. Senior officials accompanying the prime minister included Commerce Minister Sun Chanthol, Governor of the National Bank of Cambodia Chea ...

Authorities in western Cambodia have detained 11 activists after they tried to stop further studies for a planned Chinese-built dam. About 30 local villagers and environmental activists in the Areng Valley went to the area Monday to protect barricades they had erected earlier this year to ...

Lao National Assembly and the National Assembly of Cambodia have vowed to continue the exchange and mutual support between the two legislative bodies. The vow was made at a meeting held in Vientiane between the high-level parliamentary delegations led by the Lao National Assembly President Ms ...

Plans to establish air links between Seychelles and the Asian nation of Cambodia are being finalised following the signing of a memorandum of understanding and air service agreement between the two sides. The signing by the Secretary of State of the State Secretariat of Civil Aviation of Cambodia, Mao Havannall, and ...

The government’s Anti-Corruption Unit (ACU) on Friday arrested two reporters and a construction worker in Kampot City for their alleged role in extorting a deputy provincial governor, officials and a colleague of one of the suspects said Sunday. ...

Local stock brokerage company Sonatra Securities has announced it will completely dilute its books and put a halt on all business activities from October 1. In a press release posted on Sonatra’s website last week, the firm stated without an explanation that it was suspending all ...

A group of investors from Israel showed their interest in investing in cassava in Cambodia, according to a statement by Ministry of Commerce. Chanthol expressed his support for this cassava investment project and recognized the importance of advance technology in agriculture production and processing to ...