News
ANZ distances itself from Cambodian partner
Australian financial institution ANZ has distanced itself from the Royal Group, its local partner in a Cambodian joint venture bank, following police reports linking the group to illegal logging activities. A report published by Cambodia’s National Police this week accused Royal Group, owned by prominent ...
RCEP opens markets for Cambodia
The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP ...
Business centre lure for Chinese
Cambodia is to open commercial centres in China to help Chinese investors understand the potential of Cambodia. The centres will soon be established in some provinces, Prime Minister Hun Sen said on his Facebook page during his trip to the Commercial and Tourism Cooperation Forum ...
Expressway on track
A proposed expressway from Phnom Penh to the coastal province of Preah Sihanouk is due to be constructed by the end of the year. The move aims to contribute to the industrial development of the province, which the government sees as an industrial development zone. The ...
TPP could be revived at Apec meeting
Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by US President Donald Trump. Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (Apec) meeting in Hanoi, Vietnam, where ...
Timely warning over gay rights
The gay community in Cambodia continues to suffer discrimination in every aspect of life, activists have warned, despite speedy progress being made around the world. Events are being held across Phnom Penh in support of Gay Pride week, which runs until Monday. But members of ...
China gives $240m in aid
China has granted $240 million aid to Cambodia under agreements signed by Prime Minister Hun Sen on a state visit to Beijing. Mr Hun Sen and Chinese Prime Minister Li Keqiang signed six deals on Tuesday after a one-hour meeting to discuss ties between the nations. In ...
National rail system in the pipeline
An agreement to build a national rail system has been reached by the Royal Group and two major Chinese companies. The joint venture will refurbish the rail link from Phnom Penh to the Thai border and upgrade the rail expressway from Phnom Penh to Sihanoukville. There ...
Less US funding for UXO clearing
The United States has warned Cambodia it may have to shoulder more responsibility for the cost of clearing mines from its territory, ending an era in which Washington has carried the bulk of the cost of removing mines and other explosives after the Vietnam War ...
Police link Kith Meng to illegal wood racket
The National Police on May 16 published a brief but scathing report on business mogul Kith Meng, citing anonymous sources who accuse his company of using its license to log the reservoir of the nearly completed Lower Sesan 2 hydropower dam to launder timber. Mr. ...
