When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

The public has been warned not to eat pork from Vietnam after an outbreak of a serious disease in pig farms across the border. The Agriculture Ministry’s department of animal health and production is enforcing additional precautionary measures to ensure contaminated pork from Vietnam does not ...

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of Mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

Phnom Penh City Hall has said it will hold a public forum within two weeks on plans to develop a road on a disused stretch of railway in Russey Keo district. Locals from six communities have been protesting the development plans for the past few months ...

It’s been almost a year since families in Khaob village have had a road connecting their homes to the outside world. New construction has blocked the old village road, and villagers say they are “very angry” after complaints to the local authority, controlled by the ...

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...

Air traffic for Cambodia’s three international airports increased by 23 percent in the first six months of the year, driven largely by growing Chinese tourism and the increased number of international flights to Sihanoukville’s airport, a spokesman for the company that operates the Kingdom’s three ...

The future of the government’s Labour Advisory Committee is hanging in the balance as the country’s first draft law on the national minimum wage is set to come into force by the end of the year.   ...

With cross-border flows of migrant workers rapidly increasing since the founding of the Asean Economic Community (AEC) in 2015, industry insiders claim that this change has had both positive and negative effects on the Kingdom by reducing the levels of unemployment while highlighting the need ...

Civil society organisations yesterday asked the government to strengthen legal measures against perpetrators of violence against women and children.The request was made at the 2018 One Billion Rising Campaign at the Chenla Theatre in Phnom Penh, where more than 300 people gathered to discuss protecting ...

After leading the legal team that won the widely condemned dissolution of the CNRP at the Supreme Court in November, Ky Tech, lawyer for the Council of Ministers and Prime Minister Hun Sen, has been given a rank equivalent to minister just weeks after he ...

Amid increased demand for oranges grown in Battambang province, the Ministry of Agriculture is seeking to have the fruit’s unique and sought-after flavor recognized under the European Union’s geographical identification (GI) status. Ministry spokesperson Lor Reaksmey explained that the application process, involving ministry officials and international ...

Vietnam agreed yesterday to waive all duties on a total of 300,000 tons of rice and 3,000 tons of dried tobacco exported annually from Cambodia to the country, according to a bilateral agreement signed at two back-to-back summits to promote economic cooperation in the Greater ...

Public Works and Transport Minister Sun Chanthol announced the creation of four new departments within his ministry yesterday during a road renovation ceremony in Preah Sihanouk province. Transport Ministry spokesman Va Sim Sorya confirmed the changes to Khmer Times yesterday and said they were done to ...

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...

Opposition leader Kem Sokha said in an interview on Saturday that he believed Prime Minister Hun Sen could be compelled to relinquish power if he loses the July 2018 national election and that his party’s task was now to present itself as a group ready ...

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...

The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...

Leaked materials from the United States-funded NGO National Democratic Institute (NDI) have been portrayed on Facebook and in local media as being part of an “ill intended” strategy to help the opposition party win next year’s national election, with government officials yesterday publicly questioning the ...