The senior manager of Tomato Specialized Bank yesterday said the bank would continue to operate in Cambodia despite a decision by South Korea’s financial regulator to suspend one of its partners. Korea’s Financial Services Commission on Sunday announced that seven banks, including the Tomato Savings Bank, ...

Revenue at Cambodia’s postal service rose 40 percent in the first nine months of this year compared to the same period last year, an official at Cambodia Post said yesterday, attributing the rise to the postal service gaining complete independence from the Ministry of Posts ...

The Kingdom’s first centralised credit bureau was on track to launch in February, officials said yesterday, although it had originally been slated to start by the end of this year. Credit Bureau Cambodia will collect and provide consumer and institutions’ financial information, which they can use ...

Stock exchanges in Laos and Vietnam are being used for comparison when trying to determine the model that the Cambodia Securities Exchange (CSX) will take. The CSX has opened officially but no trading has begun. Cambodia’s stock exchange is expected to be more successful than ...

The Minister for Agriculture yesterday appealed to buyers to address the shortage of pigs in Phnom Penh by applying for licenses that would allow them to import more livestock from neighbouring countries. An industry representative and a market expert, however, warned of the potential fallout that ...

A Japan energy company yesterday said it planned to build a rice mill fuelled by rice husks in Cambodia’s Takeo province. New Energy and Industrial Technology Development Organization yesterday signed a memorandum of understanding with the Kingdom’s Ministry of Industry, Mines and Energy (MIME) confirming cooperation ...

Officials and environmentalists yesterday agreed to draw up new measures to save the endangered Mekong dolphin and find more information on why the species is disappearing. At the end of a three-day workshop in Kratie province, officials and representatives from the World Wildlife Fund signed a ...

The government has paid about $1.2 million to nearly 12,000 female garment workers who have had babies so far this year. According to a report released yesterday by the National Social Security Fund, 11,706 female garment workers delivered babies in January, February and the first 22 ...

The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s largest multilateral development partner. The development bank issued a report yesterday that puts its total contribution to Cambodia at $2.86 billion over ...

More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

Stung Treng provincial police yesterday cracked down on an illegal timber operation that was transporting logs along the Sekong river in Stung Treng city. Provincial police chief Major General Mao Dara said the illegal timber operation was using rafts to float illegally felled trees along ...

Stung Treng provincial authorities have unanimously agreed to the request and conditions of the ethnic Bunong community members from Kbal Romeas village who have been impacted by the Lower Sesan II dam in the province. However, the authorities are still considering requests and conditions laid down ...

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

At a meeting chaired by Prime Minister Hun Sen on Friday, the Council of Ministers approved a draft law on expanding the scope of the National Social Security Fund (NSSF) to cover pensions. The law is of immense importance, particularly in providing greater protections for ...

The Ministry of Commerce has intensified its decentralisation policy and shifted its responsibility for issuing certificates of origin (COs) to provincial commerce departments, it said on Monday. To promote the Kingdom’s agricultural exports, the ministry announced a pilot launch from November 1 in three border ...

Chumnoab commune authorities in Koh Kong province have started to dismantle the Areng Valley community office despite appeals from the community to keep it. On March 21, Chumnoab commune officials advised the Areng Valley community to relocate their office because the land it was on ...

Preah Vihear provincial court is taking action against three suspects for illegal forest clearing in Prey Lang and Boeung Per Wildlife Sanctuaries and death threats following a complaint from a team of park rangers and the Prey Lang Community Network (PLCN) on Tuesday, according to ...

The Ministry of Environment on Wednesday approved the environmental impact assessment for a new special economic zone in Kandal province. Plans to build Suvannaphum SEZ, which will be located 46 kilometres away from Phnom Penh, can continue after the EIA for the project was approved ...