News

NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...

A delegation of 15 Indian firms is in Cambodia this week looking to increase the country’s involvement in Cambodia’s economy, particularly in the agriculture and mining sectors. At present, Cambodia does modest trade with India, the second largest country in the world by population. But the ...

Prime Minister Hun Sen has called on Thailand, Vietnam, Myanmar and Laos to help curb the illegal trade in rosewood after Cambodia’s bloodiest year yet for logging-related border shootings. Speaking to reporters at Phnom Penh International Airport after the premier returned from a two-day meeting ...

Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...

The 16th Conference of Parties of the Convention on International Trade in Endangered Species (Cites) has brought thousands of delegates from over 150 countries to Bangkok to discuss cross-border cooperation, sustainable use of biodiversity and transnational endangered species issues. Construction has already begun on the ...

Siamese Rosewood, which is illegally logged and exported from Cambodia in large quantities, will be protected internally as a threatened species following a decision taken in Bangkok yesterday. A meeting of the 177 countries party to the Convention on International Trade in Endangered Species of Wild ...

Senior representatives for Cambodia, Laos, Myanmar, Vietnam and ASEAN met here Tuesday and issued a joint statement highlighting their agreement to forge stronger mutual investment, trade, transport and scientific cooperation links. The joint statement was released at the conclusion of the 6th annual Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit, ...

As examples, Laos broke ground on a new Mekong River dam that’s causing concern bordering on fury in Cambodia and Vietnam. India is enraged about a new Chinese dam going up on the Brahmaputra River. And Ethiopia’s new dam on the Nile is angering Sudan, ...

Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...

A disguised shipment of nearly eight cubic metres of illegal rosewood worth an estimated $50,000 was snagged yesterday in a Forestry Administration dragnet in Siem Reap province after agents in Banteay Meanchey alerted authorities the shipment was headed their way, Forestry officials said. Siem Reap Provincial ...

The number of subscribers to the mobile operator Beeline plummeted by more than 400,000 in the fourth quarter of last year—the single-largest drop for the carrier since it entered the Cambodian market in mid-2009—while the average revenue per user (ARPU) increased slightly, the company’s quarterly ...

Thailand and Vietnam have called for strict controls to be placed on the international trade of rosewood in an attempt to prevent the luxury wood species from be­ing logged to extinction. Cambodia currently exports thousands of cubic meters of the wood to China each year, and ...

The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...

THAI agribusiness giant Charoen Pokphand (CP) Foods is setting up a new silo and drying plant for maize in Pailin province. The exact investment cost is not known. According to a newspaper report in The Nation, the plant, together with a planned feed-meal plant in Laos, ...

CP Laos and CP Cambodia are investing a combined Bt250 million to set up a new silo for maize in Cambodia and a new feed-meal plant in Laos to strengthen CPF’s integrated agricultural-industrial business as the Asean Economic Community (AEC) approaches. Most recently, the company ...

The United Kingdom embassy in Phnom Penh said today that bilateral trade volume between the two kingdom had reached to $750 million, an increase of 27 per cent if compared  to 2011. British Ambassador Mark Gooding welcomed the increasing trade between the UK and Cambodia.  “bilateral ...

Cambodia has seen a remarkable rise in trade volume with its neighboring Vietnam and Thailand in 2012, official statistics showed on Friday. The bilateral trade with Vietnam was worth 3.3 billion U.S. dollars last year, up 18 percent year-on-year, according to a data from the Vietnam ...

The Mekong Migration Network yesterday ended a three-day symposium by urging countries in the Mekong basin to provide migrant workers with sufficient legal protections and to improve their working and living conditions. The network brought together 72 representatives of governments, academic institutions, INGOs, NGOs and migrant ...

Amid reports that a second Cambodian has been killed this year by Thai armed forces while illegally logging in Thai border territory, officials had little detail yesterday on a government directive that is aimed at ending the international demand for rosewood from Cambodia. Prime Minister Hun ...

Prime Minister Hun Sen on Saturday inaugurated the third in a string of six Chinese-funded hydropower dam projects, offering lavish praise for the superpower as he officially opened the $47 million Kirirom 3 dam in Koh Kong. “I am really pleased for the new ...

Cambodian-Japanese bank Maruhan Japan opened an office in Vientiane, the capital of Laos, on Saturday, making it the second Cambodian bank and the first Japanese bank to come to that country. Maruhan’s presence in Laos would boost economic and investment ties between the two ASEAN member ...

A pair of cigarette brands distributed by two of the Kingdom’s most prominent businessmen are being smuggled from Cambodia to Vietnam at an estimated rate of more than 300 million packs a year, contributing to tobacco manufacturer losses of nearly $200 million annually, according to ...

Heavily subsidized prices for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) in Thailand draw dozens of cars daily from Cambodia to refill their tanks in this Thai border town. But complaints that too many Cambodians are getting a free ride, or rather a ...

A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ...