News

A Chinese hydropower company, identified as Consultant CECCI, along with Royal Group and Vietnamese power giant Electricity Vietnam International (EVNI), will be in charge of the Lower Sesan 2 dam construction project in Stung Treng province, as well as the relocation of the 5,000 affected ...

US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...

Life insurance company Manulife has compensated its first client since it began operations in Cambodia in June this year, a company official said. Robert J Elliott, CEO and general manager, told the Post yesterday that Manulife disbursed its first claim to the beneficiaries of its client, ...

Anti-eviction protesters set up camp in front of the U.S. Embassy in Phnom Penh for a second day yesterday, but ended their protest in the early evening when a petition to U.S. President Barack Obama was taken into the diplomatic mission by an embassy guard. “The ...

A company owned by a board member of the Cambodian Chamber of Commerce has been accused of illegally destroying more than 80 houses in Kampot province’s Chhouk district, a claim vigorously denied by the firm and local authorities. Chan Pheng, a villager from Chi Bak village ...

A U.S.-Korean joint venture is in talks with the government to build a helicopter manufacturing plant and a training facility for helicopter pilots and mechanics, an aviation official and a company representative said this week. Richard Pak, a representative of South Korean firm Samik Bio Energy ...

Cambodia collected $633 million in taxes over the first 10 months of this year, a 31 per cent rise from $483 million over the same period last year, according to the General Department of Taxation. However, an opposition watchdog claimed the amount is still far ...

Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...

For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and ...

Approximately $11 million will be invested in the 14-storey Silvertown Serviced Apartments in BKK1, according to the president of agents Knight Frank last week. Sunny YL Soo, the managing director of Knight Frank in Cambodia, said that the demand for leased apartments in Cambodia is rising ...

Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

As Barack Obama was declared president of the United States for a second term yesterday, about 50 anti-eviction protesters for the Boeng Kak and Borei Keila communities camped out in front of the U.S. Embassy and appealed for the president’s help in addressing land rights ...

Lao officials and executives of a Thai construction company conducted a groundbreaking ceremony yesterday in Xayaburi to inaugurate the first dam to be built on the lower mainstream Mekong, putting to one side concerns that the dam could devastate fisheries in Cambodia and Vietnam. Prior to ...

The value of deposits with Cambodia’s 31 microfinance institutions grew more than 96 per cent in the first nine months of the year compared to last year, a rise industry experts say is due to the political stability and economic growth of the Kingdom. Official data ...

Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...

The Australian Federal Police (AFP) have closed an investigation into suspicious payments to officials in Cambodia by the world’s largest mining company BHP Billiton, according to a report released by the Organization for Economic Cooperation and Development (OECD). Although the report, released last month, does not ...

E-commerce in the Kingdom would boom during the coming years as a result of technological developments and young Cambodians being eager to gain skills in new technology, a gathering of business people heard during “E-biz Tuesday”, a monthly meeting for discussion on Cambodia’s e-commerce industry. According ...

Two land activists from forced evictions in Phnom Penh will not be released on bail as they await trial on incitement charges widely seen as an attack on free speech. The two women, Yorm Bopha and Tim Sak Mony, were arrested in early September and accused ...

The Cambodian National Rescue Party (CNRP), a coalition of the Sam Rainsy Party and the Human Rights Party, stands to gain about 30 percent of the vote if it decides to stand against the ruling CPP in next year’s national elections, the Committee for Free ...

NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...

The National Election Committee (NEC) broke ground yesterday on a $12-million tower being funded by the casino company NagaCorp that is set to take more than two years to complete and has drawn concern from election groups. At a ceremony that took place on National Assembly ...

Construction of the Lower Sesan 2 Dam in Stung Treng province will begin in 2014 and the government will spend next year relocating some 5,000 people from villages that are located in the dam’s future reservoir area. Located near the confluence of the Sesan and Srepok ...

Phnom Penh Sugar will begin producing white sugar this month for the Cambodian market to reduce the demand for imported sugar, according to a spokeswoman for the firm. Chheang Kemsoun, a representative of Phnom Penh Sugar, told the Post yesterday the company would produce white sugar ...