News

A bridge crossing the sea between Sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun Sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ...

Prime Minister Hun Sen has called for the current law only allowing Cambodians to own property from the ground floor up to be scrapped. Currently foreigners can only buy apartments from the second floor and above. The purpose of the move is to increase foreign ...

More than 17,000 hectares of land inside the Phnom Oral Wildlife Sanctuary have been awarded by Prime Minister Hun Sen to companies for for agroindustrial development. Two concessions were made of 9,059 hectares and 8,591 hectares in the Trapaing Chor and the Omlaing communes. The ...

Shipments of freight through Sihanoukville Autonomous Port have seen a 14 percent growth in the second quarter of the year. The number of units passing through the port has risen by 8.6 percent compared to the same period last year. The majority of the shipments ...

Stock exchanges in Laos and Vietnam are being used for comparison when trying to determine the model that the Cambodia Securities Exchange (CSX) will take. The CSX has opened officially but no trading has begun. Cambodia’s stock exchange is expected to be more successful than ...

Prime Minister Hun Sen has order a review of dredging operations and the impacts that they have on Cambodia’s islands and beaches. Freshwater dredging has also been ordered to go under review, with the Prime Minister calling for the Minister of Water Resources and Meteorology ...

The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...

US diplomatic cables released by WikiLeaks have shown a positive light towards two high-profile court cases in Cambodia. One case concerns the trafficking and physical abuse of an 11 year old girl and was Cambodia’s first case of human trafficking to be prosecuted. The cables ...

Michael Lor of Malaysian-based EON Bank has been nominated to replace Pung Kheav Se, the current CEO of Canadia Bank. The information has been passed to the National Bank of Cambodia and is awaiting approval following a board meeting on June 30, 2011. The move ...

Approximately US $75 million will be invested in Cambodia and Laos by Leopard Capital. The company will focus on financial service, agriculture and power. The 10 year fund is targeting annual returns of 25 percent and will favor renewable energy sources. ...

The World Bank has ceased funding Radio National Kampuchea (RNK) as of last month due to a failure to comply to the bank’s Demand for Good Governance Project agreement. The funding ended on June 30. The World Bank granted RNK US $20 million with a ...

More than 170 villagers in Kampot province have become sick after being sprayed with herbicides by a company last week. The land granted World Tristar Entertainment Co, a subsidiary of So Nguon company, in a concession was revoked by the government in April but was ...

Prime Minister Hun Sen has granted for more land concessions in Mondolkiri province. The concessions total more than 38,057 hectares. Pacific Lotus Joint stock received 9,014 hectares; Pacific Pearl Joint Stock received 9.614 hectares; Pacific Grand Joint Stock received 9,656 hectares and Pacific Pride Joint ...

CPP Senator Lao Meng Khin was joined by his wife as they broke ground on the controversial project taking place at Phnom Penh’s Boeng Kak Lake. They unveiled the architectural renderings of the towers to be built on what used to be the site of ...

1,300 hectares of land in Phnom Penh and Kandal province have been privatized and conceded to the LYP Group in order for them to be developed into a satellite city. LYP Group is owned by CPP Senator Ly Yong Phat. Prime Minister Hun Sen signed ...

The conviction of a school teacher who abused an 11 year old girl was hailed by the US Embassy in Phnom Penh last year, it has been revealed by WikiLeaks. The diplomatic cables that were released speak of the support the US has for an ...

In order to comply with legislation that prohibits bribery of public officials logistics company FedEx has limited its inbound shipments to Cambodia to those valued under $300. Customs and CamControl officials regularly impose unofficial payments to facilitate the customs and excise process. FedEx, initially announced ...

US Diplomatic Cables released by WikiLeaks show that the US Embassy in Phnom Penh sought the presence of Secretary of State Hillary Clinton for the 60th anniversary of diplomatic relations between the USA and Cambodia. Ms. Clinton did not attend the celebration but rather visited ...

The Cambodian Stock Exchange in Phnom Penh was launched by Finance Minister Keat Chhon, who has called on state-owned corporations to prepare for their initial public offerings. No companies as of yet are listed on the Cambodian Securities Exchange (CSX), though the launch was symbolic ...

The South Korean government is looking to procure farmland aboard, approximately 380,000 hectares by the year 2018. The government is providing assistance to companies that lease arable land or buy stakes in overseas operations and are looking for such potential in Cambodia as well as ...

Cambodia has seen an increase in the number of arrivals through its land check points. They are predominately American and Russian, with the number of Thai visitors having fallen due to border disputes between the two nations. It is expected that the number of tourists ...

Megaworld International a Philippines-based development company is expanding its operations in Cambodia in order to attract more of Cambodia’s growing middle class. They held an exhibition in Phnom Penh to entice locals to invest in the Manila property market. There are approximately 3000 residents in ...

US senators are pushing for a resolution that would use US influence within the Mekong basin to ensure that the construction of hydroelectric dams, such as the Xayaburi dam in Laos, would meet exacting environmental standards. The resolution would not be law but rather policy ...

The Cambodia Security Exchange (CSX) has launched though trading has yet to begin. Government officials and investors are upbeat about the launch saying that it will spur economic growth. The chance for investment in Cambodia is said to have grown significantly since the advent of ...