Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June. CBC’s data showed that loans have increased by 30 percent from the same ...

Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey Veng ...

Prime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. at a dinner with 5,000 Cambodian journalists on Friday, ...

Cambodia exported more than 1,000 tonnes of dry tobacco leaves to Vietnam last year, valued at more than $2 million. The figure marks a 24 per cent increase from 2016, the Ministry of Commerce said. Ministry of Commerce spokesman Long Kemvichet said data showed the ...

Some 400 youth and women from 12 civil society organisations gathered at a hotel in Phnom Penh’s Meanchey district on Sunday to celebrate women’s rights, weeks after they were prevented by security forces from marching to mark International Women’s Day. at Sunday’s gathering, the group ...

Indian businesses are looking at Cambodia as a convenient hub in the lower Mekong area, as access to trade with neighboring Vietnam and Thailand improves, a government advisor said yesterday. Speaking at a seminar titled “Asean Integration and the Role of India,” Sok Siphana, a lawyer ...

The Cambodian Independent Teacher Association (CITA), along with about 100 teachers from various provinces, gathered at Freedom Park in Phnom Penh yesterday to mark International Teachers’ Day and demanded the government further increase their minimum wage to at least $370, not including additional bonuses. CITA acting ...

Three members of the dissident Khmer People Power Movement (KPPM) serving sentences at Banteay Meanchey Provincial Prison have been pardoned, just days ahead of the scheduled return of the group’s self-exiled leader.The pardon for Serey Bunlong, 29; Seng Sokmeng, 31; and Um Phirun, 27, which ...

Three officials from the United Nations’ International Civil Aviation Organization (ICAO) finished 10-day security audits at two of Cambodia’s three international airports late last week leaving officials hopeful of a positive outcome. ICAO’s security audit team wrapped up its work at Phnom Penh International Airport and ...

Cambodia is set to host a meeting in Siem Reap to help coordinate the trade interests of 48 least-developed countries (LDCs), said the Minister of Commerce Pan Sorasak on Thursday.“The members of the World Trade Organization (WTO) were confident in us and chose Cambodia, at ...

Cambodia had spent 1 billion U. S. dollars to buy petroleum from foreign suppliers in the first seven months of this year, up 22 percent from 817 million U.S. dollars at the same period a year ago, a report of the Commerce Ministry showed Saturday. The ...

If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...

Four garment workers, three of them female, were injured yesterday morning when company and police officials clashed with protesters, union representatives said yesterday. During the demonstrations for the reinstatement of fired workers and back pay, authorities beat two workers unconscious at a protest in front of ...

Going back on an earlier promise not to make any more public speeches before next month’s commune elections, Prime Minister Hun Sen gave the opening address at a two-day conference on food security and nutrition in Phnom Penh yesterday. at the event, organized by the Council ...

Despite the country remaining trapped in a tense political stalemate that shows no signs of abating, Prime Minister Hun Sen yesterday reiterated that the government would continue working as normal while the opposition’s boycott of parliament continues. “I will not talk about the political situation, as ...

Food vendors at Phnom Penh’s O’Russey Market have fought and won a battle against eviction. On Friday, about 80 vendors, including some who have sold food at the market since 1997, were told to clear out of what has become a heavily congested parking lot outside ...

Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to ...

A Vietnamese firm behind several Cambodian rubber plantations accused of rampant land grabbing and illegal logging has bowed to a request from the International Finance Corporation (IFC)—which helps fund its operations—to temporarily suspend forest clearing at some of its local subsidiaries. In an April 28 decision, ...

Authorities in Kompong Thom province are searching for a soldier suspected of smuggling rosewood who shot at police while making his getaway through a maze of narrow streets on Saturday morning. Provincial police chief Chou Sam An said his officers received a call from a deputy ...

Cambodia Securities Exchange (CSX) will partner with the Stock Exchange of Thailand (SET) to bolster technical knowledge and potential investment into Cambodia’s nascent stock market. An agreement between the two financial institutions was signed in Phnom Penh yesterday at the CSX office, a deal that will ...