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
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
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
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
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
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
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
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
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
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
