Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...

Aided by the recovery of large economies in the United States, the European Union and Japan, Cambodia’s exports jumped more than 20 per cent during the first half of the year compared with the same period in 2012. Ministry of Commerce data released at the end ...

The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...

Group Lease plans to raise Bt3.4 billion from shareholders to expand its main motorcycle-leasing business aggressively and enter other types of “small credit” businesses here and in neighbouring countries, especially Cambodia, over the next two years. The company is reportedly negotiating to take over a ...

The Phnom Penh Municipal Police of Cambodia conducted a special training at the capital’s Freedom Park on Monday after the opposition set to stage a three-day mass protest from Wednesday against the results of the July’s election that handed victory to Prime Minister Hun Sen’s ...

Cambodia has seen a 32 percent rise in dry rubber exports in the first six months of the year, according to the figures of the Ministry of Commerce on Tuesday. Revenues from the exports valued at 76.5 million U.S. dollars during the first half of ...

Surging floodwaters led officials to declare a state of emergency at a commune in Banteay Meanchey province on Saturday night after the Trapaing Thma reservoir expanded an estimated 200 metres. Many of some 2,000 families living close to the Khmer Rouge-era reservoir in Phnom Srok district ...

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 ...

Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...

The National Election Committee (NEC) on Friday said that political parties would be banned from setting up permanent campaign bases in the city during next month’s council elections. The announcement followed the CNRP’s request to City Hall on Friday asking permission to set up a base ...

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...

The government of New Zealand on Wednesday signed up to provide Cambodia with 3.7 million U.S. dollars for the preservation and protection of Angkor Wat Temple, one of the world heritage sites, said a news statement from the Cambodian government. Bun Narith, director general of Apsara ...

With regional and international competition increasing, Cambodia’s workers could be falling behind. A new World Bank report says Cambodia’s labor force lacks the skills to advance the country’s economy, even as an increasing number of young people enter the labor market. Kem Lay, a sociology researcher, ...

The Forestry Administration in Kampot province on Tuesday confiscated about 2 cubic meters of illegal timber from a truck in Toek Chhou district’s Stung Keo commune, officials said. The bust is at least the third in a week, with forestry officials confiscating 200 pieces of illegal ...

The Cambodia National Rescue Party (CNRP) gained ground against Prime Minister Hun Sen’s party in local elections over the weekend, initial tallies indicated Monday, in a boost the opposition party’s leader Sam Rainsy said would help strengthen democracy at the grassroots level. The ruling Cambodian People’s ...

Corruption remains the most significant challenge facing Cambodia’s economy, according to a survey of more than 300 employers conducted last year by the International Labor Organization (ILO), the results of which were released Tuesday. Despite legislation meant to stamp out graft, corruption continues to be perceived ...

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...

Cambodia exported a total of 2,936,992 tonnes of agricultural commodities and products to the international markets during the first quarter of the year. Increasing 20 percent from the same period last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries released ...

The Cambodian government has approved 53 new garment and footwear factories, worth an estimated US$338 million, during the first half of this year, compared with 38 last year valued at $180 million, despite the increase in the number of strikes affecting the industry. Officials and industry ...

In a single deliberate poisoning event, three Giant Ibis, equivalent to 1-2 percent of the global population, have been killed – part of a disturbing global trend where conservationists are noticing increases in hunting of protected species since the spread of coronavirus began to disrupt ...