The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...

Cambodia is making steady headway towards its goal of providing universal clean-water access. “The 2013 population census shows that the percentage of people who now have clean water sources has climbed to 49 per cent. We will be able to achieve the 2015 Millennium Development Goal ...

South Korea will soon give a four year loan package worth $200 million for dam and road projects, according to Cambodian Ministry of Foreign Affairs on Friday. The loan will be utilized to repair three national road lines as well as rural roads in nine ...

Newly re-elected US President Barack Obama will attend a series of top-level Asian meetings next week, with Cambodia hosting an Asean summit, and China in attendance with new leadership. The high-profile meetings will present challenges for the US president, whose administration has become more deeply ...

Cambodia has no control over Cambodian-flagged ships complicit in illegal activities on the high seas as the government sold the authority to register ocean-going vessels, under Cambodia’s national flag, to a company in South Korea for $6 million, a Council of Ministers official claimed Thursday. On ...

Government officials are at odds over how much Cambodia’s national debt amounts to. On Wednesday, Prime Minister Hun Sen said Cambodia’s debt stands at just $2 billion, contradicting information provided by CPP lawmaker Cheam Yeap last week that the number is actually $7 billion, or 63 ...

Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...

The Royal Microfinance institution launched its operations in Cambodia on Thursday, bringing the total number of micro-lenders in the kingdom to 50. ...

Prime Minister Hun Sen said yesterday that his government will work with the Thai junta that came to power in a coup last week, and quashed speculation that the ousted Shinawatra clan may be allowed to set up a government in exile in Cambodia. In a ...

Laos began construction last week on a multi-billion dollar hydro dam project that is opposed by other countries along the Mekong River, and activists who say the project will significantly impact the environment and the economies of four countries that rely on the river for ...

Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National bank of Cambodia, ...

Prime Minister Hun Sen told a summit on micro-finance development yesterday that stricter rules needed to be applied to organizations and institutions lending money as many people were being cheated, embezzled and losing their collateral to unscrupulous lenders. ...

Eric Sidgwick, Country director of the Asian Development Bank (ADB) to Cambodia applauded Cambodia for managing it’s, sometimes problematic, public debts. During the Wednesday meeting with Deputy Prime Minister, Sok An, Eric Sidgwick said, good management led to the positive changes of donations and ...

US diplomatic cables released by WikiLeaks show that Cambodia assisted refugees escaping from North Korea. A North Korean was supposed to be deported to Vietnam and was claimed to have done such but it has now been proven otherwise. There have been other cases of ...

THE supply of pharmaceutical products has outstripped demand, causing a decrease in the value of drug imports during the first half of 2011, experts say. An increase in the number of firms importing pharmaceutical products in 2010 led to this year’s drop, Medical Trust Company ...

Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the South China Sea being discussed by countries that are not directly involved in the regional maritime dispute. Speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ...

The rift between Cambodia and the Philippines over the role of China in addressing the South China Sea issue continued to widen yesterday, with the Philippines’ president telling his counterparts during an Asean Summit meeting that China should be left out of discussions on a ...

Southeast Asian nations failed to agree on maritime disputes in the South China Sea on Sunday after Cambodia blocked any mention to an international court ruling against Beijing in their statement, diplomats said. ...

More Cambodian migrant workers headed to South Korea in the first half of this year than in all of 2011, data from the Ministry of Labour shows. A suspension on Vietnamese migration, coupled with an improving Korean economy, primarily accounted for the jump, officials say. Working ...

Cambodia would host about two million Chinese tourists in 2020, a Cambodian official predicted yesterday. The forecast accompanied figures released by Chinese officials saying the number of Chinese tourists globally would reach 200 million by 2020. ASEAN countries had attracted nine million Chinese tourists last ...