Coporate News

Vietnam’s Virtue Resources to invest in massive casino

Vietnamese investment firm Virtue Resources plans to build a massive $200mn mixed-use development that includes a hotel, casino, and water park in the Cambodian border town of Bavet through its fully owned Malaysian subsidiary, a government official confirmed yesterday...

20th April 2017

Coporate News

Pestech obtains $100mn transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230- kilovolt transmission line valued at $100mn to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange...

10th April 2017

Coporate News

Cambodia Post to launch e-commerce service

State-owned Cambodia Post is ready to launch an e-commerce company by 2H17 in a move to tap the growing demand for online transactions in the Kingdom and to diversify its revenue stream, a company executive said yesterday...

05th April 2017

Coporate News

Wing to offer e-ticketing system for city bus

Wing (Cambodia) Limited Specialized Bank, the Kingdom’s leading mobile banking services provider, signed a memorandum of understanding with City Hall yesterday to offer e-payment options for passengers using the Phnom Penh city bus service

30th March 2017

Coporate News

Khmerload attracts Silicon Valley’s investment

Khmerload, a Cambodian entertainment news website modeled after American media giant Buzzfeed, becomes the first local tech startup to attract an investment from Silicon Valley investors called 500 Startups, which is a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai

29th March 2017

Coporate News

Vinamilk to take full stake of Angkormilk

Vietnamese state-owned diary giant Vinamilk will take a full stake of Angkor Dairy Products, better known as Angkormilk, by acquiring another 49% stake from its Cambodian partner, according to Vietnamese media...

27th March 2017

Coporate News

Japan’s BTMU plans to expand in Cambodia

Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ, plans to expand its business in Cambodia nationwide from the current sole representative office in Phnom Penh, according to a press statement released by the National Bank of Cambodia (NBC)...

22nd March 2017

Coporate News

LOLC and Bank of East Asia acquire majority stake in Prasac

According to a joint company announcement, Sri Lanka’s LOLC and Hong Kong’s Bank of East Asia (BEA) have jointly acquired a majority stake in Prasac Microfinance, in what could be the largest acquisition of a Cambodian micro-lender to date...

20th March 2017

Coporate News

Ezecom launches Cambodia’s first submarine fiber-optic cable

Telcotech, a subsidiary of local internet provider Ezecom, officially launched Cambodia’s first undersea fiber-optic cable yesterday after nearly two years of construction, promising faster, cheaper and more secure internet connectivity...

16th March 2017

Coporate News

Cambodia Brewery opens second factory

Cambodia Brewery Ltd (CBL), a wholly-owned subsidiary of Heineken Asia Pacific, inaugurated its second brewery on the outskirts of Phnom Penh, tripling its beer production capacity and opening a new line to produce its Dutch parent company’s flagship lager, Heineke...

09th March 2017