Vietnam and Cambodia have set a target of US$5 billion in bilateral trade by 2015 as the countries’ economic relationship deepens. However, some wonder if such an ambitious goal is realistic, especially given the government’s desire to realize US$5 billion in annual trade with China by 2017. The goal was announced at a June 24 ...

PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...

Bilateral trade between Cambodia and South Korea has reached 329 million U.S. dollars in the first five months of this year, up 12 percent over the same period last year, showed the latest figures from the Korea Trade- Investment Promotion Agency to Phnom Penh on ...

Diversified conglomerate San Miguel Corp. (SMC) will invest $1.5 billion for its airline venture in Cambodia, its top executive said yesterday. Cambodia Airlines will have about 20 aircraft in its fleet and add as much as $400 million revenues per year to Philippine Airlines (PAL), said ...

Cambodia’s General Department of Taxation unveiled on Friday that the country collected 395 million U.S. dollars of tax in the first five months of this year, up 24 percent year on year. In May alone, the department collected 73 million U.S. dollars, up 4 percent ...

Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...

Prime Minister Hun Sen’s new Cabinet on Friday approved a 2014 draft budget of $3.5 billion, a 13 percent increase over this year’s budget, but gave no details as to how the money would be spent. The CPP also said it will go ahead with a ...

Phnom Penh City Hall’s plans to undertake the largest redrawing of the city’s administrative boundaries in decades, by creating five new districts before May’s district and city-level council elections, is likely an effort to gerrymander voting constituencies, a senior opposition party member said Monday. Municipal government ...

Floods from Mekong River and heavy rainfall have killed at least 104 people and affected about 1.5 million people in Cambodia in the last three weeks, a senior disaster control official said Wednesday. “The latest figures showed that the floods have killed 104 people and ...

Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...

DynCorp International has won an $8.5 million contract with the Navy to provide operations support in Cambodia. ...

Authorities in Ratanakkiri province raided the house of a Vietnamese national Tuesday and seized about five cubic meters of illegal luxury timber, but failed to arrest any suspects. “We are now looking for two Vietnamese nationals who jumped over the gate of their house and escaped ...

Cambodia collected 444 million U. S. dollars in tax revenue during the first five months of the year, up 12 percent over the same period last year, said a press statement released by the General Department of Taxation on Wednesday. In May alone, the department ...

The Ministry of Agriculture has created designated bird flu contamination zones in Phnom Penh and Kandal province following the deaths of hundreds of birds due to the H5N1 virus, officials said Wednesday. Agriculture Minister Ouk Rabon signed two directives late last month saying that poultry being ...

Forestry officials arrested four men and confiscated two pickup trucks containing illegally logged luxury timber en route to Vietnam on Sunday in Ratanakkiri’s O’Yadav district before releasing both the men and the timber after fining them thousands of dollars, officers and a rights group representative ...

Road accidents have killed at least 961 people in Cambodia in the first five months of 2014, up eight percent over the same period last year, the latest report of the Interior Ministry’s public order department showed Monday. Approximately 2,106 cases of road accidents were reported ...

A month after Prime Minister Hun Sen issued a directive ordering government bodies to put a halt on new hires—except to fill vacated positions—the Ministry of Public Function has authorized state institutions to hire 5,001 civil servants to replace those who had recently retired, quit ...

Opposition leader Sam Rainsy said Thursday that he had secured pledges of at least $1.5 million in funding for the opposition’s planned television station, but had been forced to abandon a share-selling model to raise the funds. A private company created by the CNRP last year ...

Cambodia has protested Vietnam for digging five ponds inside northeast Cambodian territory in Ratanakiri province, according to a Cambodian Foreign Ministry’s diplomatic note sent to the Vietnamese Embassy in Phnom Penh on Friday.  ...

Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced  1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). ...