News

Hong Leong Bank Bhd’s (HLB) subsidiary Hong Leong Bank (Cambodia) PLC (HLBC) has clinched a banking licence for its operations in the country from the National Bank of Cambodia (NBC). HLBC, a commercial bank with a capital of RM119.25mil, would begin operations on July 8, the ...

After a visit to Phnom Penh last week, John C Tsang, finance secretary of the Hong Kong Special Administrative Region, took to his blog to call for more direct imports of Cambodian rice, which he says comes through a third country. In a post on June ...

Chinese flag carrier Air China is expected to launch the first non-stop flights from Beijing to Cambodia as early as November this year, officials said yesterday. Director of the Air Transport Department of Cambodia’s State Secretariat of Civil Aviation, Vann Chanty, said that officials from ...

A delegation from China’s Hong Kong Special Administrative Region are currently seeking possibilities to broaden bilateral trade and investment ties in Cambodia. The delegation comprising of business executives from 24 different firms in the financial and professional services, infrastructure and real estate, garments and textiles, telecommunications, ...

Cambodia Angkor Air plans to launch chartered flights between Siem Reap and the southeastern coastal Chinese city of Xiamen next month. The national flag carrier plans to take off for China for the first time on July 11, CAA Chairman Tek Reth Samrach said yesterday, the ...

Economic cooperation between Cambodia and Hong Kong is on the rise, while the introduction of a new visa extension is also evidence of strengthening relations, officials say. On June 1, Cambodian officials will be able to travel to Hong Kong without a visa and stay ...

About two months after Phnom Penh-based Tonlesap Airlines suspended its chartered flights, the local carrier’s future seems as cloudy as ever. Vann Chanty, the director of air transport with Cambodia’s State Secretariat of Civil Aviation, said yesterday that the airline had not resumed operations and that ...

Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...

Cambodian diplomats and a range of government officials can now travel to Hong Kong without a visa and stay for 14 days under a new exemption agreement with the commercial Chinese city, officials said. The new exemption took effect on June 1, according to a statement ...

The wizened cyclo driver, cigarette in mouth, muscles taut from pedalling up and down French-style boulevards, is one of Indochina’s enduring romantic images. But cyclos on the streets of Phnom Penh are now outnumbered by another means of transport: the luxury car. But with the urban ...

Private Chinese carrier Juneyao Airlines is planning to launch direct flights from Shanghai to Cambodia as soon as this month. The move – which has been labelled unrealistic – would also see the airline potentially break into the monopolised route from the Chinese city. The Shanghai-based ...

Spending in NagaCorp’s casino has dropped by about 4.4 per cent in the first quarter of the year compared with the same period last year. Some $1.17 billion was gambled in the casino from January to March this year, said a company quarterly report released last ...

Cambodia’s reputation as a standard-bearer for apparel workers’ rights is wearing thin – and yet the country is a rising star when it comes to attracting foreign investment and increasing exports. There are many reasons to deter brands and retailers from sourcing clothing in Cambodia. The Kingdom ...

Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week. A supplier of the Stockholm-based company placed two minor orders with ...

Their stories have become all too familiar – Cambodian fishermen enslaved on fishing boats after being promised lucrative jobs overseas. They’re also becoming increasingly common. Anti-trafficking NGOs told the Post this week that they have noticed an exponential increase in the number of trafficking complaints from ...

Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...

Deutsche Bank and the World Bank’s International Finance Corporation (IFC) have poured millions of dollars into Vietnamese rubber companies operating in Cambodia that have engaged in illegal logging and forced evictions of local farmers, the environmental rights group Global Witness says in a new report ...

Local charter carrier Tonle Sap Airlines has suspended flights until June, in what appears to be the latest of a series of disruptions affecting the airline, which has also recently encountered financial turbulence. The airline, which operates chartered flights from Siem Reap to China, Taipei, and ...

A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish proc­essing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...

A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...

Cambodia Angkor Air is planning rapid fleet and network expansion as competition intensifies in the Cambodian market. The Cambodian flag carrier is expected to more than double its fleet by the end of 2015 and launch services to several new markets, including mainland China, Hong ...

Cambodia Angkor Air (CAA) intends to acquire seven more planes by 2015, more than doubling its existing fleet of five, as the airline plans new routes in the next few years to China, South Korea, Hong Kong and India. The plan was unveiled at an industry ...

A U.S.-based energy company has announced that it is planning a biomass project using genetically modified rice in Cambodia, in a purportedly massive deal about which little information has been made public. In a statement posted online Thursday, Sino Bioenergy Corp. said it had signed a ...

After years of immersion in a vicious price war, battle weary and capital-haemorrhaging [sic] mobile operators in Cambodia’s oversaturated telecommunications sector may finally have reason to breathe a sigh of relief; 2013 might be cited as the year the tide turned. Tarred by legal threats, ...