The Phnom Penh Post

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said. ...

Kampuchea Tela Co Ltd, one of the Kingdom’s largest fuel importers and distributors, has announced that it will double its petrol storage facilities, increasing their capacity to 200 million litres, a local media outlet reported yesterday. ...

Cambodian police, prosecutors and policymakers were hosted in Washington recently by the US government, as part of America’s efforts to support the drafting of the Kingdom’s controversial cybercrime law. ...

Cambodia’s credit bureau is looking to leverage the resources and experience of US-based Equifax, one of the three biggest American credit report agencies, to expand its credit analysis capabilities and introduce new products to the local market, its chief executive officer said yesterday. ...

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

Two of Cambodia’s four publicly listed companies released their financial reports for the second quarter of 2016 yesterday, with both showing moderately healthy profits. ...

Cambodian and Russian officials yesterday met to discuss how the two countries can bolster the Kingdom’s capacity to develop nuclear technology. ...

The US Army Corp of Engineers is providing Cambodia with new tools to understand its growing groundwater shortage. Last week, the Ministry of Environment, US Army Corp of Engineers and National Council for Sustainable Development hosted a three-day technical exchange on groundwater modelling. ...

The National Commercial Arbitration Centre (NCAC) received its latest case last week, marking just the third time that a commercial dispute has been brought to the independent dispute resolution body, its president said yesterday. ...

An inspection at the Sino Great Wall International Engineering’s building site in Phnom Penh yesterday found nearly 200 Chinese workers without work permits, according to an immigration official, though a spokesman for the project’s developer said the employees’ paperwork was in the pipeline. ...

Cambodia’s justice system often fails to support children who are victims of and witnesses to crime, many of whom are so terrified to appear in court that they’re unable to give testimony, children’s rights experts said yesterday. ...

Wheat products have never had a big market in Cambodia, where meals revolve around rice, but Western influences are increasingly shaping local tastes and creating an appetite for flour products. ...

Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...

Just a month since their election, the leaders of the nation’s apex rice industry have cast a motion to extend their terms – a move some have greeted with suspicion. ...

The National Bank of Cambodia held a seminar on the state of the economy in the first half of the fiscal year on Saturday, forecasting 7.1 per cent GDP growth for the rest of the year. ...

Officials confiscated nearly 5 tonnes of rosewood and resin tree timber in Siem Reap and Preah Vihear provinces on Sunday in separate incidents. ...

The next round of USAID funding for protection of the Prey Lang forest will be preceded by a consultation process that environmentalists and experts studying the area are calling crucial. ...

Authorities seized more than 30 cubic metres of luxury timber and roughly 1,000 kilograms of illegal rosewood in separate raids in three provinces over the weekend. Chea Hean, head of the Natural Resource and Wildlife Preservation Organization, said he and Pursat environmental officials confiscated and burned ...

Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. ...

Cambodia’s first fleet of metered tuk-tuks is taking on the capital’s traditional business model for cheap motorised conveyance, where fare prices are usually settled by negotiations and customers often feel they were overcharged. ...

Smallholder farmers have a crucial role to play in tempering the growing pains of Cambodia’s transition to an industrialised economy, but unless something is done, they will face a land shortage in the coming years, according to the authors of a new report. They will ...

The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...

Five Vietnamese nationals who were renting a home from the local immigration department chief were arrested on Friday for conducting illegal mining operations in Ratanakkiri province’s O’Yadav district. ...

In defiance of an order by Phnom Penh Deputy Governor Khoun Sreng, more than 100 people protested outside the offices of Equitable Cambodia (EC) yesterday. They held signs denouncing the NGO, as community representatives inside submitted a letter withdrawing their consent for the group to represent ...