Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

In 2020, the agriculture sector continues to play a significant role in the Cambodian economy, accounting for 22 percent of the Kingdom’s GDP and employing one-third of the Cambodian workforce. ...

Heng Sour, Minister of Labour and Vocational Training, on Nov 20, thanked the Japanese company for continuing to provide human resource training to JVC Technical Institute on vehicle repair and maintenance skills, including a project to train the capacity of Cambodian trainees in Japan through ...

Cambodia has 24 special economic zones (SEZ) operating from 2016 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. ...

If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...

Police in Siem Reap City said Thursday that they arrested six people on Wednesday for questioning over an arson attack on a decorative gateway built for the Angkor Sangkranta festival. ...

The Philippine ambassador in Cambodia is confident There will be more direct flights between The two Asian countries, apart from The current Manila-Siem Reap route, which is six hours away by land from this capital. Ambassador Noe Wong expressed optimism There will be anoTher memorandum of ...

Some of Cambodia’s largest banks and financial institutions have announced plans to expand their businesses following solid macroeconomic performance so far this year. the National Bank of Cambodia (NBC) in July projected that the Kingdom’s economy is poised to have grown 7.1 per cent this year. ...

The Union of Youth Federations of Cambodia (UYFC), led by Hun Many, Prime Minister Hun Sen’s son, is claiming that one of its Facebook pages was hacked by international “hactivist” group Anonymous. ...

The Greater Mekong Subregion (GMS: Myanmar, Thailand, Cambodia, Laos, Vietnam, and Yunnan and Guangxi in China) is undergoing unprecedented changes. Many of These are positive, reflecting political stabilization and economic growth following decades of poverty and conflict. But The rate and type of development is ...

In the hilly wilderness across southwestern Cambodia, the foundations of the country’s strengthening bonds with China are taking root. It is there that large dams supported by Chinese money are being built to literally bring the impoverished Southeast Asian nation out of darkness. the largest of ...

The Royal Government of Cambodia has deposited Their instrument of ratification to The Association of SouTheast Asian Nations (Asean) Framework Agreement on visa exemption for Asean nationals last week with Surin Pitsuwan, secretary-general of Asean, in accordance with The Article 8 of The agreement The agreement ...

More than two weeks after a ban on sending maids to Malaysia began, work on a bilateral agreement that would protect Cambodian maids working in Malaysia has not begun, officials said yesterday. Ho Vuthy, deputy director general at the Ministry of Labor’s department of labor, said ...

Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, ...

Three finance industry associations have jointly developed a new code of conduct aimed at ensuring transparency, building trust and strengthening customer protection in the Kingdom’s banking and finance sector. ...

Independent labour unions will take part in the Ministry of Labour’s Labour Advisory Committee (LAC) meeting today, possibly making their decision on next year’s minimum wage in Cambodia’s garment sector. NIFTUC and the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) considered boycotting the LAC ...

Discussion about hydroelectric power plants in Cambodia tends to focus on two aspects, both negative. One is an overdependence on Chinese investment, and the other is a relatively disproportionate focus on the environmental impacts of hydroelectric power. Chinese Influence Most hydroelectric power plants in Cambodia are associated ...

With a number of homeless, beggars and street sellers who were rounded up in caged vans last week still unaccounted for, several of those targeted by the street sweep claimed yesterday that they had been held in Phnom Penh’s notorious Prey Speu social affairs centre. Homeless ...

The National Bank of Cambodia held a seminar on The state of The economy in The first half of The fiscal year on Saturday, forecasting 7.1 per cent GDP growth for The rest of The year. ...

The Minister of Public Works and Transportation announced yesterday that The railway line connecting Phnom Penh to The airport is 50 percent complete. Sun Chanthol said The project from The Phnom Penh train station to The airport is half finished and added that trains are on ...