News

The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...

A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...

The father of three children attacked with wooden sticks and steel poles by employees of well-connected DM Group in Ratanakkiri province has filed a lawsuit against the firm, and is asking for tens of thousands of dollars in compensation. .. The provincial court has charged the ...

An insurance training centre is being planned in Cambodia to develop local expertise lacking in the Kingdom’s nascent insurance industry. The institute hopes to offer diploma courses to industry leaders here so they in turn will be qualified to provide insurance training to others, such as ...

The Court of Appeal yesterday upheld a verdict by Kompong Chhang Provincial Court over a land dispute in Konmpong Tralach district between a 70-year old woman and a company owned by the wife of the Minister of Industry, Mines and Energy over a 3,000-square-meter parcel ...

As work begins on Cambodia’s biggest dam, those advocating against its construction have warned that the region’s rush for hydropower will have a disastrous effect on millions of people who rely on the Mekong River to survive. Last month, workers began preparing an area in northeastern ...

Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...

China’s assistance to Cambodia is very important for the country’s economic and social development, Cambodian Deputy Prime Minister and Finance Minister Keat Chhon said Tuesday. He said from 1992 to present, China has provided 2.7 billion U. S. dollars in soft loans and grants to ...

The Cambodian Confederation of Unions (CCU) urged all apartment landlords to not increase their rent because garment and footwear employees get only a basic salary of $80 per month. A statement issued Monday said the wage increase from $61 per month to $80 will be implemented ...

Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...

Cambodia’s National Assembly on Tuesday adopted a draft law on fire prevention with jail term punishment for arsonists, neglected firefighters, and false information providers on fires. Ninety-four out of ninety-seven lawmakers, who were present at the session, passed the law, saying it would help maintain security, ...

A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). Last week, the ...

“I don’t know how to protect the territorial integrity [of the nearby Cambodian-Thai border] – even my three hectares of land I cannot protect,” said Bun Chanthorn, 54, one of hundreds of retired and active soldiers who since 2010 have been battling the local authorities ...

F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...

An often flouted and publicly unpopular restriction forbidding Cambodia’s telecoms from offering lucrative mobile phone promotions was scrapped on Sunday, just two weeks after it was introduced. In a letter from the Ministry of Posts and Telecommunications (MPTC), signed by Minister So Khun, it announced a ...

A 14-year-old boy severely beaten by employees of a well-connected rubber plantation company in Ratanakkiri province on Saturday was sent to Vietnam for treatment for a life-threatening blood clot in his brain on Monday, according to his father, while a soldier detained in connection to ...

A Northeastern section of the Mekong River that is home to a number of endangered species has been designated a conservation site by the Ministry of Agriculture, Forestry and Fisheries. A prakas issued by Minister Chan Sarun on April 23 officially declared a 56-kilometre section of ...

During his speech last week at the swearing-in ceremony of Phnom Penh’s new governor, Pa Socheatvong, Interior Minister Sar Kheng noted that managing Cambodia’s capital is by no means an easy task. While critics of [former Phnom Penh governor] Mr. [Kep] Chuktema note his failure ...

The small but sleek Angkor Car can easily navigate the narrow streets of Cambodia, while with an electric engine saves on expensive fuel costs. It may cost $10,000 per vehicle, a bit steep for most local people, but the vehicle is a welcome testimony to ...

Cambodia and Bangladesh on Friday signed a visa-free agreement for diplomatic and service passport holders in a bid to strengthen bilateral ties in politics, trade, investment and tourism, officials said. The deal was inked here between Long Visalo, secretary of state at Cambodian Ministry of Foreign ...

Five men working for Ratanakkiri rubber concessionaire DM Group, including a soldier, have been arrested for allegedly beating a villager and his children – one of whom, doctors say, may not survive – in a scuffle over their family’s land, the father said yesterday. Police confirmed ...

Nearly a tonne of rosewood was uncovered in a raid yesterday in Kampong Speu in which the suspect successfully fled after injuring an officer, police officials said. “According to the quality assessment, I can say a rough value of that rosewood is $300,000,” he [Keo ...

Jarai villagers in Ratanakkiri’s O’Yadav district escalated the defense of their protected land this weekend, confiscating the keys and batteries of bulldozers owned by the Vietnamese company they claim has been illegally clearing the area, community leaders said yesterday. The move comes after a number of ...

While tourism in Cambodia has historically slowed in advance of general elections, tourism leaders in the government and private sector have said they expect this year’s July elections to have little impact on tourist arrivals.  Tourism numbers dipped by 10.9 per cent for the 2003 ...