ANZ and Standard Bank launched the sell down of a US$421 million 18-month bridging loan this week, to back the Royal Group’s acquisition of Millicom’s majority stake in Mobitel. The loan covers the Royal Group’s November purchase of Luxembourg-based Millicom International Cellular SA’s network operations in the Kingdom for $346 million. The acquisitions included a [...]
At least six villagers have died and dozens fallen ill from severe diarrhea and vomiting in a suspected cholera outbreak in Kratie province, authorities said Friday. The outbreak occurred in two villages of Chet Borey district, a remote area far from the provincial capital, said Choung Seang Hak, chief of Kratie provincial police. At least [...]
Five law students from the Royal University of Law and Economics are competing this week in the Philip C. Jessup International Law Moot Court Competition in Washington D.C. from Sunday March 21 to Sunday March 28. The five students are Ms. Prom Savada, Ms. Theng Tith Maria, Ms. Tan Tepikanika, Mr. Pea Vanchhay, and Mr. [...]
Khmer Rouge history is a sensitive subject in Cambodia, though the ongoing Khmer Rouge trials and recent inclusion of more comprehensive teaching materials in the national secondary curriculum have helped. But while it took many years to get a textbook into the nation’s classrooms, the authors say the real challenges have just begun. Dy Khamboly, [...]
Opposition leader Sam Rainsy on Monday lambasted the country’s new anti-corruption law as a sham, saying those who commit graft in the country will never be jailed for it. The law, which took 15 years to draft and less than a week to approve, will not have the teeth necessary to rein in Cambodia’s rampant [...]
Cambodia has slowly developed a number of special economic zones, but poor infrastructure, insufficient telecommunications, and complicated customs are hampering their full potential, according to a senior government official. The zones, first created in 2005, are designed to cluster investment in factories for garments, electronics and foods, all for export. Investors are offered tax incentives [...]
Cambodia’s rice has been exported into international markets such as Europe. Recently, Laurent Import Export Company plans to build a rice factory worth US$1.6 million to polish and package rice for export in Thma Koul district in Battambang province. it is expected that the factory will process at least 300 tonnes of rice per day. [...]