News
Logging trucks seized in Ratanakkiri
Authorities intercepted four trucks carrying 81 pieces of illegal luxury timber at a checkpoint in Ratanakkiri province’s O’Yadav district last Friday, District Military Police Commader Sok Min said on May 7. “The trucks and timber were hidden in the rubber plantation of a company located ...
After 50 years, Asian Development Bank looks ahead
The Asian Development Bank set out its strategy for the next decade during the launch of its 50th annual meeting in Japan over the weekend, while also recognising the challenges that remain for the 300 million people still living in poverty in Asia. Addressing the ...
Insurance giant turns to Cambodia
AIA, the world’s second largest life insurance company, has arrived in Cambodia pledging to play a key role in the kingdom’s dynamic growth and development. Ng Keng Hooi, chief executive and president designate of AIA Group Limited, said that AIA has the right people and ...
NEC defends printing of extra ballots for vote
The National Election Committee on May 4 defended its decision to print 1.5 million extra ballots for the upcoming commune elections, saying the chances of misuse were minimal given better identification systems – though the opposition and civil society remained unconvinced. Following the NEC’s announcement that ...
Acleda profiting in foreign markets
Acleda Bank’s foreign operations in Laos and Myanmar performed well during the first quarter of 2017 while recording strong net profits last year, leading the bank to seek further regional expansion, according to a senior executive. Acleda has 41 commercial branches in Laos and six MFI ...
Ground broken for oil refinery
After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built ...
No salmonella found in pigs
Kandal province’s department of animal health and production released four trucks carrying pigs from Vietnam after they were temporarily detained on suspicion of the swine being infected. The trucks, headed to Kandal province’s Kien Svay district and Takeo province’s Bati district, were stopped by authorities ...
Roadside families protest at City Hall
Nearly 100 residents living along a stretch of land running from a railway in Boeung Kak to National Road 5 have gathered again outside City Hall to demand information about the development of a new road threatening to destroy their homes. Their protest came as ...
Port unveils $200m expansion
Sihanoukville Autonomous Port is to build a $200 million container terminal as part of an expansion project due to be completed by 2022. The expansion is intended to address a surge in the volume of containers passing through the country’s only deep-sea port. The existing container ...
Start-up for refinery construction
Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. Cambodian Petrochemical Company (CPC) formed a joint venture with China Perfect Machinery Industry Corp (Sinomach) for ...
