Cambodia must further integrate with its East Asian neighbours for future economic development, said Minister of Economy and Finance Keat Chhon. The financial crisis highlighted the need to diversify production, and Asia’s markets are ripe for increased Cambodian exports, he said. Speaking at the 7th ...

Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...

The owners of 170 factories have handed power of attorney to the nation’s factories association ahead of a potential lawsuit directed at the leaders of six union groups. Garment Manufacturers Association in Cambodia (GMAC) secretary-general Ken Loo said yesterday that the factories would seek damages related ...

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

Cambodian Prime Minister Hun Sen said Tuesday that the country’s banking sector has enjoyed strong growth in recent years and urged the banks to increase their lending to agriculture. According to the report of the National Bank of Cambodia, lending at the kingdom’s 34 commercial banks ...

Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...

Phnom Penh–Cambodia’s rice exports to foreign countries this year will fall short from the amount that was expected earlier, due to the flooding, said President of the Federation of Cambodian Rice Millers Association Phou Puy on Tuesday. The flooding has hit the country since August, will ...

Twenty-nine French tourists and two Cambodians being quarantined at a hotel in Preah Sihanouk province’s Sihanoukville have tested positive for the virus after coming into contact with two COVID-19 patients, raising the tally to 84, according to a Health Ministry’s statement. ...

The Ministry of Labour has issued a prakas urging employers to follow existing regulations in the Labour Law that limit foreign workers to 10 per cent of the total workforce at any one company. It has warned that failure to stay within this limit – or ...

Though an occasional mango or pineapple can be spotted on Eung Uy Kheam’s sleepy farm in Kampot province, it’s the 130 durian trees that the fourth-generation farmer calls his cash crop. In Kampot, on Cambodia’s southwest coast, a pilot project led by the provincial Department ...

Police in Svay Rieng province on Tuesday arrested a garment worker for allegedly breaking a car window during a strike that turned violent in Bavet City the day before, and have filed complaints to the provincial court against two union representatives accused of defamation. The arrest ...

Ruling party lawmaker Pen Panha gave a lecture yesterday at the Royal School of Administration to students on the opposition’s alleged attempt at “colour revolution” – an allegation used to dissolve the Cambodia National Rescue Party in November, with virtually no evidence presented to the ...

A day after its opening session and still devoid of the 55 lawmakers-elect of the opposition CNRP, the country’s new, one-party National Assembly voted Prime Minister Hun Sen in for yet another five-year term Tuesday and approved an extensive re­shuffle of his Cabinet. In a ...

On 18 October 2021, the Council for the Development of Cambodia issued a press release on the world investment leaders embark on the establishment of the World Investment for Development Alliance at the World Investment Forum 2021 in Geneva. at the junction of the World ...

After plans to screen a documentary about slain environmental activist Chut Wutty at Phnom Penh’s Meta House were canceled at the behest of the Ministry of Culture last week, a ministry official said over the weekend that the film could not be publicly screened anywhere ...

Business has been encouraged to have more input into the allocation of donor money spent on projects aiming to boost trade in the Kingdom. Speaking during a panel discussion yesterday at a conference on government-private sector partnership, representatives from both government and development agencies said the ...

The General Department of Taxation at the Ministry of Economy and Finance collected $1,263 million as tax income from the first three months of this year, a 22 percent increase compared to the same period last year. ...

Cambodia’s garment manufacturers and trade unionists on Monday began a negotiation on pay rise for garment workers in 2014 but reached no any agreement because the union representatives demanded to double the current wage. The talk was made between the employers represented by Nang Sothy, co-chair ...

Cambodia prioritised the development of its telecommunications infrastructure as a commitment at the first ASEAN Digital Ministers’ Meeting. ASEAN, already the most-connected region in the world, has set a goal for transitioning to a digital economy under the ASEAN Digital Masterplan 2025. ...

The Ministry of Economy and Finance (MEF) plans to establish financial controlling groups at each ministry whose function would be to review and approve both the expense budget proposals and procurements of respective ministries and institutions in consultation with the Financial Management Information System (FMIS), ...