News

If you’ve applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without ...

Increases in Cambodia’s GDP and foreign direct investment (FDI) are helping to drive the supply and demand in the Kingdom’s office sector, according to a new report from global property agents CBRE. Increasingly, international businesses are favouring Cambodia, in particular Phnom Penh, mainly due to ...

Construction began yesterday on a bridge crossing an upstream section of the Vam Co Dong River that borders Cambodia. The US $2.2-million friendship bridge will link the southern province of Tay Ninh with Cambodia’s Prey Veng Province at the Tan Nam – Mean Chay border gate ...

Acleda Bank PLC plans to launch internet banking services in September, the bank’s president and CEO, In Channy, said yesterday. Internet banking will be available to customers in Cambodia and abroad, Mr. Channy said. The system Acleda chose, he said, is used by many leading ...

Rough[ly] 40 representatives of some 370 families locked in a years-long land dispute with a rubber concessionaire in Pursat province’s Veal Veng district demonstrated outside the Phnom Penh offices of Adhoc yesterday to publicise their situation. The villagers, many of whom are family members of soldiers ...

The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. The railway agency estimated the project will cost 2.8 billion baht. ...

The water shortage that has led to tens of thousands of households in Sihanoukville without running water for the past week occurred after provincial officials decided to limit power to a water pumping facility operated by the tourist town’s privately-owned distributor, a manager at the ...

State-owned energy supplier Electricite du Cambodge (EDC) has sent letters to some of Phnom Penh’s four- and five-star hotels, asking that they switch to generators between 8am and 9pm this month — a move hotel-industry experts say would have a significant economic impact. In a letter ...

Asia and the Pacific continued as a hot spot for international tourism in 2012, attracting what is expected to be in excess of 350 million international visitor arrivals, expanding its collective inbound count by more than 5% and generating more than 18 million additional foreign visits, year-on-year. Within this ...

The Can Tho city and Cambodian province of Battambang have signed a memorandum of understanding on economic co-operation that covers commerce, investment, and tourism. The two sides will create favourable conditions for businesses from the two localities to co-operate in areas like processing of farm produce, ...

A water shortage in the tourist town of Sihanoukville has led authorities to advise scores of businesses to dig their own wells as only 50 percent of local demand is currently being met after high temperatures dried up the water supplier’s only reservoir. On March ...

China’s expanding investment portfolio in Cambodia has brought into sharper focus the darker side of the Asian giant’s “development projects” in the impoverished Southeast Asian nation. And it is in the southwestern corner of Cambodia—known for its rich biodiversity, forest covered hills and bubbling rivers—where this ...

Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...

Travelers bound for Cambodia can now take direct flights from Ha Noi to both Phnom Penh and Siem Reap via new routes launched by Cambodia Angkor Air. Along with the official opening of a representative office in Ha Noi late last month, Angkor Air ...

A court official said yesterday that the complaint that led to the imprisonment of a British man and two Cambodian staff at a troubled biofuel firm was filed last year by a senior Forestry Administration official. Gregg Fryett, 45, was arrested by the Anti-Corruption Unit ...

Cambodia is making plans to open passport offices along its border with Thailand in a bid to cut down on illegal migration, Interior Minister Sar Kheng announced yesterday. Speaking at the close of a migration workshop, Kheng said that officials are already preparing to open a ...

The recent power shortages have left residents of Phnom Penh out in the heat and dark, but amidst their mounting frustration, state-owned energy supplier Electricite du Cambodge (EDC) has announced it will be purchasing more power from Thailand to address the shortfall. Keo Rattanak, director-general of ...

Taiwan Cooperative Bank, one of the leading banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd bank from China’s Taiwan in Cambodia after the Mega ...

A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...

The Cambodian Supreme Court on Wednesday rejected a jailed land rights activist’s appeal to be released on bail, drawing criticism from rights groups who said the whole case smacked of political interference and should be thrown out. “I am having heart, respiratory, and stomach ...

On a farm in Kampong Speu province, Erm Rim is talking to a small crowd of consumers and journalists, explaining the process of growing vegetables using only natural resources. Rim talks on the sidelines of a consumer field trip organised by the Cambodian Center for ...

A delegation from a Thai agricultural co-operative yesterday discussed means of improving agricultural products and market access with representatives of the Ministry of Commerce in Phnom Penh. Kamit Likhitvidhayavuth of the Thai co-operative said his team aimed to strengthen market access for Cambodian goods. No agreement ...

More than four years after the violent forced eviction of about 800 families from Dey Krahorm in the capital’s high-rent Tonle Bassac commune, small-scale construction is finally beginning on the site. In the past month, the skeletons of a future barbecue restaurant and a beer garden ...

A BHP Billiton mining deal being investigated for alleged corruption was personally overseen by Cambodian strongman Hun Sen, diplomatic cables reveal. The miner’s aborted attempt to establish a bauxite mine in Cambodia, and its hospitality program for Chinese officials at the 2008 Beijing Olympics, are at ...