News

Seven angel investors descended on Phnom Penh last Friday as part of the launch of a new investment initiative that aims to tap into Cambodia’s growing startup culture and support entrepreneurial endeavours with guidance and early stage risk funding. ...

The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...

Kampot’s Ta Reach bridge was severely damaged by a truck overloaded with illegal luxury timber over the weekend, prompting a manhunt for the truck’s driver, who was apparently on his way to Vietnam at the time of the accident. ...

As one of 10 Asean foreign ministers, Cambodian Foreign Affairs Minister Prak Sokhon will travel to China for a two-day meeting between Chinese Foreign Minister Wang Yi and the foreign ministers of Asean, according to a statement from the Foreign Ministry released on Saturday. ...

Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.   ...

Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...

Activists behind the “Black Monday” protests said on Sunday they would demonstrate yet again today despite the threat of more arrests, this time in front of the Appeal Court, where four employees of rights group Adhoc and an election official will have their bail hearing ...

Prime Minister Hun Sen told a local media outlet on Sunday that the ruling CPP would not engage in any talks with the opposition CNRP over the jailing of its officials and supporters or recent moves by police to arrest deputy opposition leader Kem Sokha. ...

Cambodia’s leading commercial bank Acleda announced late last week that it has injected an additional $42 million to top up the current share capital of $265.7 million, bringing the total registered share capital to $307.7 million. ...

A representative of Bonna Realty Group said yesterday that the arrest of the company’s eponymous chairman on Friday on fraud charges stemming from a bounced cheque would have no impact on the business because it was purely a personal matter. ...

Advertising budgets are getting bigger, but an increasingly smaller share of the revenue is going to traditional print media, with 2016 shaping up to be an exceptionally lean year, new market research shows. ...

The Ministry of Health and the WHO on Friday signed a new five-year plan that will seek to address communicable and non-communicable diseases, advance universal health care, strengthen capability to respond to new emerging diseases and increase collaborations and partnerships, a ministry official said yesterday. ...

Wing Specialised Bank is trying to stay ahead of the game in the money transfer and mobile payment sector by forging new partnerships. The Post’s Ayanna Runcie sat down with Wing’s recently appointed CEO Jojo Malolos to discuss his plan for the company’s future. ...

Research released on Monday in the Journal of Archaeological Science may lead to whole chapters of Cambodia’s history being rewritten. ...

A newspaper publisher charged with murdering his friend in Phnom Penh last year told the municipal court on Thursday that his confession to military police was obtained through torture, but the presiding judge argued that such a claim would have “broken out” in the media ...

Police arrested a man in Koh Kong province on Friday for allegedly sexually assaulting his friend’s two young daughters over the course of a day and a night.   ...

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

The construction sector in the Kingdom is booming with total investment skyrocketing to $832.2 million this month compared to $39.7 million last June, according to latest figures from the Ministry of Land Management, Urban Planning and Construction. ...

The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

Angkor Wat temple, Cambodia’s prime tourist attraction, experienced nearly stagnant growth for the first five months of this year, according to data released by Angkor Institution yesterday. ...

After multiple delays, the National Election Committee yesterday released its schedule for voter registration, giving itself three months to register the close to 9.6 million eligible voters across the country.   ...

A senior Interior Ministry official tasked with investigating the 170,000 thumbprints submitted in support of a CNRP petition to the king said on Thursday he had received samples of the prints but would be unable to proceed with his work without more money. ...

A government investigation into the collapse of a road next to Phnom Penh’s Olympic Stadium during a flash flood on Wednesday has concluded that a powerful development company’s adjacent construction site was at fault, officials said on Thursday. ...

After posting an overall decline in profit of 70 per cent in 2015, Grand Twins International (GTI), the only publicly traded garment firm, reported bullish earnings for the first quarter of this year signalling hope that the manufacturer could launch a winning streak. ...