The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, href='https://opendevelopmentcambodia.net/news/economy-to-contract-for-the-first-time-since-conflict-ended/ ' class='cambodia-color'>...

Following a bruising first quarter, the Cambodia Securities Exchange (CSX) index has picked up over the last few days after Acleda Bank Plc’s (ABC’s) initial public offering (IPO).​ At Thursday’s close, the index ended 7.25 per cent higher at 793.59 points. Trading volume reached 280,791 href='https://opendevelopmentcambodia.net/news/csx-index-up-7-25-per-cent-1-25-million-in-shares-traded/ ' class='cambodia-color'>...

The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh Special Economic Zone (PPSP)’s share href='https://opendevelopmentcambodia.net/news/market-capitalisation-fell-by-22-percent-in-q1-2020/ ' class='cambodia-color'>...

Three of the refugees Australia is holding at a detention center on the South Pacific island nation of Nauru agreed to meet with Cambodian officials who traveled there last week to assess the possibility of resettling some of the asylum seekers in Cambodia, Interior Minister href='https://opendevelopmentcambodia.net/news/three-refugees-met-with-delegation-minister-says/ ' class='cambodia-color'>...

Latest figures show the total value of approved investment in the Kingdom declined by more than 70 per cent in the first half of this year compared to the equivalent period a year before. Economists and officials are unconcerned, however, saying that some big projects during href='https://opendevelopmentcambodia.net/news/approved-investment-drops/ ' class='cambodia-color'>...

Prime Minister Hun Sen has created a committee tasked with monitoring Koh Kong SEZ Co Ltd’s development of Koh Kong Krao island in Koh Kong province’s Koh Kapi commune. The Council of Ministers first announced the development project on June 14, 2019, according to Hun href='https://opendevelopmentcambodia.net/news/new-committee-created-to-protect-koh-kong-krao/ ' class='cambodia-color'>...

The United States, through the US Agency for International Development, yesterday committed a $1.5 million aid to the Ministry of Health to help in the Kingdom’s efforts to mitigate the spread of coronavirus. The donation is the latest COVID-19 assistance from the US, with its href='https://opendevelopmentcambodia.net/news/us-australia-funding-flows-for-cambodias-covid-19-response/ ' class='cambodia-color'>...

Kep provincial governor Ken Satha yesterday blamed the lack of a construction law for the deadly building collapse in Kep city earlier this year, which took the lives of 36 people, including children, and injured 23 others. His statement came amid continued demands for justice href='https://opendevelopmentcambodia.net/news/law-on-construction-expected-to-prevent-structural-failures/ ' class='cambodia-color'>...

In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything href='https://opendevelopmentcambodia.net/news/eba-scheme-in-jeopardy-after-cnrp-ruling/ ' class='cambodia-color'>...

Prince Norodom Ranariddh, leader of the royalist Funcinpec party, has called on opposition Cambodia National Rescue Party president Sam Rainsy not to “block aid” to Cambodia following a resolution passed by the European Parliament last week that suggested aid could be slashed if an arrest href='https://opendevelopmentcambodia.net/news/prince-ranariddh-tells-rainsy-not-to-block-aid/ ' class='cambodia-color'>...

Crop-friendly weather is set to underpin growth in Cambodia’s output of crude palm oil beyond prior estimates, industry insiders have said. The oil palm, also known by its botanical name Elaeis guineensis, is a tropical plant cultivar which is said to have originated in the ancient href='https://opendevelopmentcambodia.net/news/ceo-up-to-300000-tonnes-of-palm-oil-possible-this-year/ ' class='cambodia-color'>...

A proposed 150MW hydropower project on the upper reaches of the Tatai river in Koh Kong province’s northern Thma Bang district is looking more likely to happen, as the government strives to promote investment in the electricity sector and increase supply. Provincial deputy governor Sok href='https://opendevelopmentcambodia.net/news/proposed-koh-kong-dam-one-step-closer/ ' class='cambodia-color'>...

A male banteng was found dead in Sorng Rukhavorn Wildlife Sanctuary in Oddar Meanchey province’s Samrong town on Saturday and was likely killed by hunters, said officials.​ Ministry of Environment’s secretary of state and spokesman Neth Pheaktra said​ that ​​this was the sixth banteng that href='https://opendevelopmentcambodia.net/news/banteng-found-dead-at-wildlife-sanctuary-in-oddar-meanchey/ ' class='cambodia-color'>...

PRIME Minister Hun Sen yesterday stated that the Kingdom has brought the budget into balance, with current savings standing at $3.5 billion. The statement was made in response to doubts about whether or not Cambodia is telling the truth when claiming to have up to href='https://opendevelopmentcambodia.net/news/pm-hun-sen-says-budget-balanced/ ' class='cambodia-color'>...

Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone Plc (PPSP) refuted Singapore-based Asiatic Group (Holdings) Ltd’s (AGH) allegations over breaching a power plant joint venture (JV) agreement. href='https://opendevelopmentcambodia.net/news/ppsp-refutes-singapore-groups-power-allegations/ ' class='cambodia-color'>...

China made good this week on a promise that it would share its year-round hydrological data on the upper reaches of the Mekong River, via the launch of an online information-sharing platform that will keep the Kingdom aware of any future Mekong developments. The information href='https://opendevelopmentcambodia.net/news/china-shares-mekong-river-data-with-the-kingdom/ ' class='cambodia-color'>...

A closer look at the World Health Organization’s (WHO) Global Status Report on Road Safety 2015 has revealed some rather disturbing information – Malaysia is amongst the lowest-ranked nations in South East Asia (SEA) when it comes to seat belt law enforcement and awareness on href='https://opendevelopmentcambodia.net/news/malaysia-seat-belt-law-enforcement-amongst-lowest-in-sea-ranks-below-cambodia-vietnam-who-finds/ ' class='cambodia-color'>...

Cambodia-U.S. bilateral trade was valued at $2.89 billion in the first half of this year, up 15.8 percent compared to the same period last year. Figures from the U.S. Statistics Bureau showed that Cambodia exported 2.75 billion worth of goods to the world’s largest economy, href='https://opendevelopmentcambodia.net/news/cambodia-u-s-trade-reaches-2-8-billion-in-first-half/ ' class='cambodia-color'>...

Cambodia has listed around 340 more commodities to export to China under the Cambodia-China bilateral free-trade agreement (FTA), bringing the total to more than 10,000. Most of the products are in agriculture and agro-processing and are in addition to what Cambodia has received from the href='https://opendevelopmentcambodia.net/news/free-trade-deal-with-china-finally-finalised/ ' class='cambodia-color'>...

The water outflow at Jinghong hydropower  station in China’s Yunnan province is dropping due to power grid maintenance during 5 – 24 January, leading  to changes  in river water levels along the Mekong River in Thailand, Lao PDR, and Cambodia, according to a press release href='https://opendevelopmentcambodia.net/news/cambodias-mekong-water-levels-to-drop-due-to-power-grid-maintenance-in-china/ ' class='cambodia-color'>...