As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...

ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...

With the country’s longest post-election deadlock now over and the opposition parliamentarians ready to take their seats, at least some of the CNRP’s most lucrative supporters – those overseas – are struggling to swallow the new concessions. “Join[ing] the CPP [in the National Assembly] is the ...

Secret negotiations between the ruling Cambodian People’s Party and the opposition are close to reaching a solution to the political stalemate that has gripped Cambodia since July’s general election, according to sources privy to the discussions. Officials from both parties yesterday denied that talks had occurred, ...

Rubbish collectors went back to work in the capital yesterday after further concessions were made following the workers’ rejection of a deal struck on Tuesday evening between union representatives and waste disposal company Cintri. Union representatives had said they had reached a deal with the firm, ...

A jubilant crowd of opposition supporters burst into cheers yesterday afternoon as seven Cambodia National Rescue Party lawmakers-elect and one party activist were released on bail just hours after an announced rapprochement between the CNRP and the ruling Cambodian People’s Party. They walked free through exits ...

More than two-thirds of senior officials at the General Command Headquarters of the Royal Cambodian Armed Forces (RCAF) have decided to relinquish their oknha titles to maintain their roles in the armed forces, an RCAF official said. Of 61 senior officials, 45 relinquished their title ...

Government officials and private sector leaders on Friday reiterated their calls for all small and medium-sized enterprises to join the regulatory fold. Public officials and representatives of employers’ organisations assured business owners that the recently announced tax incentives are not a “trap” and that registering ...

Both Cambodia and Myanmar heavily depend on the European Union’s duty and quota free trade agreement. But the European bloc believes it is time that these countries address human rights abuses. ...

Salt producers must now add iodine to their product or face losing their business licence after the government passed a Prakas banning sales of non-iodised salt. The move aims to tackle iodine deficiency, which is considered the leading preventable cause of intellectual and developmental disabilities ...

As the followers political events mostly seen, Cambodia seem not adhere to the neutral foreign policy enshrined in its Constitution, yet the relationship between Cambodia and China and Cambodia – the United States, Prime Minister Hun Sen reaffirmed that Cambodia’s foreign policy is independence, not ...

As Barack Obama prepares for the first visit by a United States president to Cambodia this month, the country is reportedly preparing for him too — by hiding street children from sight in Phnom Penh While the government has tidied its streets, protesters have begun camping ...

The Phnom Penh municipal government will today issue announcements to two property developers ordering them to partially demolish buildings near the Royal Palace in order to reduce their height to comply with the original planning agreements, an official said. The two buildings—one owned by Vattanac Properties ...

The Anti-Corruption Unit (ACU) released a statement Tuesday in which Hor Sothoun, the eldest son of Foreign Affairs Minister Hor Namhong, defended himself against complaints of nepotism, abuse of power and mishandling of overtime bonuses in his position as permanent secretary-general in his father’s ministry. The ...

The ever congested part of Samdach Sothearos Boulevard between the Chamkar Mon traffic lights and the Russian Embassy is getting a much needed expansion. Especially since Aeon Mall opend in June 2014 the major arterial road was used beyond capacity. Long Dimanche, City Hall spokesman, said ...

Cambodian Prime Minister Hun Sen said Thursday that he and his government have no rights to order the courts to arrest or release any suspects who have committed crimes. “I and the government have no rights to order the judiciary, the court to arrest anyone based ...

A Singapore-based firm whose subsidiary plans to buy land in Phnom Penh from which thousands of families have been forcibly evicted said Wednesday that the firm had no knowledge of the long-running land dispute. The firm, HLH Group, also denied any official or financial ties to ...

‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...

The deal signed with Cambodia by immigration minister Scott Morrison will see refugees held on Nauru resettled “outside” Phnom Penh. As foreign minister Julie Bishop defended the deal on Sunday, a copy of the memorandum of understanding with Cambodia, which has been posted on Morrison’s official ...

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...