News

The government revoked the offshore oil exploration license of CPHL (Cambodia) Co Ltd after the project failed to meet the terms of its petroleum agreement, a state official said yesterday. ...

The government has given final approval for a planned $3 billion, 133-story twin-tower skyscraper that developers claim will be completed by 2018, a spokesman for the Ministry of Land Management said on Monday. ...

Officially sanctioned reductions in port container fees will have little impact on the Kingdom’s trade competitiveness as deeply engrained problems in trucking and railways, as well as high custom fees, remain in place, stakeholders in the transport sector said yesterday. ...

Twenty-eight Cambodian nationals were arrested last week by Thai authorities for illegally crossing the border into Khlong Yai district, according to a Bangkok Post story on Saturday. ...

Prime Minister Hun Sen announced that a new railway from the capital to Siem Reap province will be built within an undisclosed timeframe. ...

Phnom Penh SEZ Plc, which operates a 357-hectare industrial park on the outskirts of the capital, held a bookbuild last month to determine the share price for its upcoming initial public offering on the Cambodian stock market. The private company aims to raise between $8.1 ...

ACLEDA Bank announced its first-quarter results for 2016 on Friday, reporting $30.19 million in profit for the quarter, up almost 21 per cent compared to the same period last year.   ...

The government has lifted a decade-old ban on snakehead fish farming following a request from the Ministry of Agriculture last month to once again allow farmers to breed the voracious fish, according to a statement dated Thursday.   ...

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers. ...

Prime Minister Hun Sen on Sunday announced across-the-board cuts to the fees being charged by three of the state’s main logistics firms and ordered a probe into transport sector corruption, which he blamed for nearly half the industry’s expenses. ...

The core of one of Cambodia’s most important and abused forests —Prey Lang—was officially de­clared a protected area this week af­ter years of campaigning by local ac­tivists and foreign conservationists.    ...

Phnom Penh City Hall has rejected a request for two large-scale Labor Day marches on Sunday, but the unionists who have organized the demonstrations say they will proceed as planned.     ...

Four senior officials of local rights group Adhoc and a Na­tion­al Election Committee (NEC) official were arrested by the Anti-Corruption Unit (ACU) on Thurs­day night over allegations that they instructed an alleged mistress of deputy opposition leader Kem Sokha to deny their affair. ...

A China-funded power transmission system in the length of 100 km was inaugurated here on Thursday after four years of construction, officials said. ...

Cambodia does not have any new agreements regarding the South China Sea (East Sea) issue with China, the country’s Secretary of State and Spokesman for the Council of Ministers, Phay Siphan, has said.​ ...

“The Microfinance Sector in Cambodia: Opportunities and Risks” is an attempt to get a wider view and deeper insight from various researchers on fostering a robust, stable and sustainable microfinance sector, the National Bank of Cambodia (NBC) said in a statement yesterday.   ...

Some 34 families in Kampong Chhnang’s Lorpeang village yesterday filed a new petition at the provincial hall urging authorities to intervene in a nine-year land dispute with KDC International, which villagers say has reached a bottleneck and is affecting their daily lives. ...

Military police have identified the suspected leader of what they believe to be a sex trafficking ring masquerading as a masseuse-training agency as a 40-year-old businesswoman with Cambodian and Thai citizenship who owns karaoke parlors in both countries.   ...

Cambodia’s two largest ports and the country’s biggest transport associations agreed yesterday to cut fees on container shipments in response to newly appointed Transportation Minister Sun Chanthol’s industry-wide call on Monday for solutions to reduce the high cost of logistics and transport. ...

After setting up the National Anti-Deforestation Committee (NADC) in an attempt to show that the government was trying to stop illegal logging, Prime Minister Hun Sen yesterday called on all citizens to join the battle, saying people even had the right to make citizen arrests ...

A team of Interior Ministry officials traveled to Koh Kong province on Thursday to help local authorities investigate the death of a border police official who investigators suspect may have been murdered, according to officials.   ...

Gold Tower 42 owner Yon Woo Cambodia is calling on creditors, buyers and lessees of the project to lodge any claims by May 12 to clear outstanding issues and pave the way for moving the development forward. ...

Prime Minister Hun Sen once again appealed to citizens to help distribute water to those suffering from the worst drought in over 50 years, during a speech at a graduation ceremony yesterday. ...

Beginning on May 1, traffic police will ramp up enforcement of the new Traffic Law after a month and a half delay, according to a police statement yesterday. Police officials said enough drivers throughout the country now understood the law, paving the way for stricter ...