News

Earlier this month Prime Minister Hun Sen approved five more economic land concessions totally 44,780 hectares in the Preah Vihear province. Largely distributed to agri-business companies there is fear that the concessions will lead to deforestation. Heng Roy International, Heng You International, Lan Feng International, ...

The number of people arriving in Cambodia through the nation’s airports has passed the 2007 number for the same period, providing proof of recovery from the financial crisis. The levels reached 1.8 million passengers for Siem Reap and Phnom Penh international airports. Traffic through Cambodian ...

OZ Minerals, the Australian mining company is reviewing its assets in Cambodia and is so far not planning any further work in the country. Their assessment of gold reserves in the country will be updated by the end of the year at which time the ...

A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development Bank (ADB) is said to be short on details even though it calls for the ...

A development company owned by the wife of the Minister of Industry, Mine and Energy Suy Sem has been the target of 40 civil complaints received by the provincial court of Kompong Chhnang province. Chea Kheng claims she owns the 214-hectare plot of which 69 ...

WikiLeaks has recently released US diplomatic cables that show that the there was no warning system along the Sesan river in Ratanakkiri province for floods in 2007. There have been many complaints by the communities along the river of the floods caused by dams along ...

US diplomatic cables released by WikiLeaks show that Cambodia assisted refugees escaping from North Korea. A North Korean was supposed to be deported to Vietnam and was claimed to have done such but it has now been proven otherwise. There have been other cases of ...

Businessmen Tuy Vanny and Seth Rin are embroiled in a land dispute with 50 families have had an objection filed against their allowing others to farm the land. The right to farm the land was only granted on July 7 to Mr. Vanny and Mr. ...

Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...

Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...

Consumer interest in gold has increased in Cambodia even with the price of gold at a record high. Gold is up more than $333 from the same time last year. The increase in gold prices is said to be a result of the 2008 financial ...

KDC International, which is owned by Chea Kheng the wife of Industry Minister Suy Sem has been accused of grabbing 145 hectares of land in the Kampong Chhnang province. The villagers who claim the land have filed objects individually, after having been told to do ...

The launch of Mfone’s new unlimited calling plan has drawn criticism from the Ministry of Post and Telecommunications. It is said that the price scheme contravenes Cambodia’s minimum pricing rules introduce in 2009. Hello, another mobile phone provider, has already introduced an unlimited calling plan ...

The Thai embassy has released figures that show that exports to Cambodia have decreased slightly from $1.095 billion to $1.091 billion. Total trade between the nations has increased by 3.5 percent for during the first of the year when compared to last year. Cambodia has ...

Indochine Mining Ltd an Australian mining company has released the results from its initial test of its Kratie North concession. Indications are that there is the possibility for a large deposit though the company has not made any claims so far. Cambodia is relatively unexplored ...

When the Cambodia Securities Exchange (CSX) was officially launched on Jul. 11 there were no companies listed because of a drive to ensure that everything was above board. “We want to assure full transparency,” says Huot Pum, the deputy director-general of the Securities and Exchange ...

Sino Grain, a Chinese agriculture company, has come to Cambodia seeking to import milled rice to China. Minister of Commerce Cham Prasidh has encouraged the company to invest in Cambodia by building a rice processing plant in the country and not merely exporting grain. A ...

Senator Ly Yong Phat, owner of the Phnom Penh Palm Sugar and Kampong Speu Sugar companies, has released a statement as a result of US diplomatic cables released by Wikileaks that describe him as “The King of Koh Kong”. He answers such questions as why ...

Ouch Nob, an electrician, was killed while working at the Russei Chrum Kraom river hydropower construction site. Last week two Chinese nationals also working at the site died. China Huadian Hong Kong Limited has agreed to pay the victim’s family $4,700 in compensation. ...

Initial yields from deposits in Kratie province have prompted Indochine Mining Limited to announce that they were ‘encouraging.’ Results from the drilling will be released in two weeks. The drilling was focused on two target sites within Kratie province. ...

Mega International Commercial Bank, a Taiwanese bank, has been in talks with the National Bank of Cambodia (NBC) about setting up operations in Cambodia. The kingdom is said to be an emerging financial sector. The initial branch will be in Phnom Penh in order to ...

A Cambodian and Thai dispute over oil nearly reached a resolution when then prime minister of Thailand Thaksin Shinawatra was ousted was revealed in diplomatic cables released by Wikileaks. The cable details a meeting between the US-ASEAN Business council in Phnom Penh on May 15, ...

Factory workers from the burnt down June Textile Company have returned to the streets in protest after due to an objection by the factory officials. Last month the Arbitration Council ruled in favor of the workers providing them with a favorable severance payment, which the ...

So Chanthou Company has been accused of illegally clearing 290 hectares and removing 84 families in Banteay Meanchey province. The families who are predominately rice farmers are said to have been on the land since 1996 and have complained about So Chanthou Company to the ...