Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...

The Regional Comprehensive Economic Partnership (RCEP) is offering the Kingdom an ideal platform for economic structural transformation, a study carried out by a leading economic research institute has found. ...

The Ministry of Information has swapped an 11-hectare plot of land in Phnom Penh’s Meanchey district, which was previously the site of National Radio AM 918, with a property development firm in exchange for the construction of a new radio tower and transmitter on a ...

Aviation revenues have been released by government officials who were hesitant to reveal details but said yesterday the figures had increased by about three per cent. Mao Havannal, secretary of state for the Civil Aviation Secretariat, said after yesterday’s opening of a seminar on aviation insurance that ...

The Fisheries Administration (FA) plans to strengthen its presence in Kep province with the opening of a new cantonment there, officials announced in an official ceremony yesterday morning.The move comes after what conservationists say has been a steady increase in illegal trawling in Kep Bay, ...

The draft Coastal Master Plan is likely to get approval from the Ministry of Tourism and other ministries in the middle of this year, while Otres Beach has been selected by the ministry as the template ensuring bays and beaches are environmentally friendly in order ...

In his office at the National Bank of Cambodia, Mr. Heng Bomakara recalls the early stages of the nation’s currency with fondness. He still remembers a time when coins were commonplace. First minted in aluminum and then later in steel, these coins are now a ...

The National Assembly approved a draft law yesterday that will guarantee the state’s purchase of electricity from two large-scale private energy projects, protecting the investments against any loss resulting from political instability. ...

Garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. ...

The future of e-business in Cambodia depends on gaining better skills, a group of students heard yesterday at the University of Puthisastra. In a panel discussion on the future of e-business as part of BarCamp Phnom Penh, T.O. Software president Heng Chamroeun offered advice to the ...

On 20 December 2021, the Ministry of Foreign Affairs and International Cooperation issued a press release on His Excellency NGUYEN XUAN PHUC, President of the Socialist Republic of Viet Nam, will pay a state visit to the Kingdom of Cambodia on 21-22 December 2021. During ...

Overall revenue from Cambodia’s booming tourism sector reached $2.5 billion last year, according to Tourism Minister Thong Khon. Khon said in an interview on Tuesday that the figure, which does not reflect the amount the state collected in taxes on the sector, marked a 15 per ...

A Chinese state railway construction contractor has approached the government with a bid to conduct a feasibility study on connecting the capital’s river port to the Kingdom’s sole operating railway line, a state official said yesterday. ...

Former Singapore Prime Minister Lee Kuan Yew has died early Monday. He was 91 years old. Lee was Singapore’s leader from 1959 until 1990, but remained a highly influential figure and a strategist on the city state’s economy. ...

The first Phnom Penh-Preah Sihanouk expressway is expected to be constructed next year in order to facilitate goods transportation from the capital to the international seaport, according the state’s news agency- AKP. ...

During the first six months of this year, Cambodia has received a total of 94 investment projects worth some $3.4 billion, the state’s news agency-AKP quoted deputy prime minister Keat Chhon. ...

Tropical Storm Sinlaku is expected to hit Cambodia today, bringing with it heavy rains and flooding for residents in the Kingdom’s northeastern provinces, a government meteorologist confirmed. Mondulkiri and Ratanakkiri are expected to be the most vulnerable areas, and the storm will have little effect on ...

Prime Minister Hun Sen on Sunday announced across-the-board cuts to the fees being charged by three of the state’s main logistics firms and ordered a probe into transport sector corruption, which he blamed for nearly half the industry’s expenses. ...

In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...

A lack of legal protections, insufficient commitment from the Malaysian government and an overworked, understaffed embassy are among the major obstacles to lifting the maid ban, according to an internal government report obtained yesterday. Penned by the Ministry of Interior, the 12-page brief details a ...