With growing uncertainty in the US economy and an unfolding fiscal and debt crisis in the Eurozone after the global recession in 2008, Asia is expected to continue leading the global recovery. Under such circumstances, the 21st Century is emerging as the “New Asian Century”, ...

Real estate and hotel developers have identified the southern coast of Cambodia as having tourism potential to encourage more business investment. ...

Canadia Bank Plc has begun construction on a rice processing facility worth $8 million as Prime Minister Hun Sen aims to export 1 million tonnes of milled by rice a year by 2015. The new mill is being built in Takeo province and the rice ...

Financial literacy, for students to make effective and informed money management decisions, will now be in the general education curriculum due to joint efforts by the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport (MoEYS). ...

The World Bank has declined to say whether it will resume providing financial assistance to Cambodia, despite a Bank official allegedly telling anti-eviction protesters last week that the organization planned to do so next year. In August 2011, World Bank country director for Southeast Asia Annette ...

Prime Minister Hun Sen’s new Cabinet on Friday approved a 2014 draft budget of $3.5 billion, a 13 percent increase over this year’s budget, but gave no details as to how the money would be spent. The CPP also said it will go ahead with a ...

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the Bank helped to finance in Kompong Speu province. The NGOs also made public a 2013 social and environmental impact assessment of ...

The government is refusing to compensate up to 1,000 families forced to wait for income restoration measures after being relocated from their homes for an Asian Development Bank-funded railway rehabilitation project, a previously unreleased action plan from the ADB reveals. The ADB Management Action Plan, released ...

Workers at a garment factory that closed without warning last week received payment yesterday for nearly a month and a half of work, but some are still waiting for bonuses owed to them. More than 400 workers lined up at the Canadia Industrial Park gates, behind ...

Thailand will lose its beneficial tax treatment on exports to the European Union next year, and Cambodia’s manufacturing sector could be set to capitalise. Following three consecutive years of upper-middle income status as defined by the World Bank, Thailand will on January 1 lose its Generalised ...

The Export and Import Bank of China has agreed to lend Cambodia 50 million U.S. dollars to finance a national broadband network project, the Bank’s Zhejiang branch, in east China, announced Friday. ...

The man leading Cambodia’s seemingly Sisyphean attempt to combat dengue fever can be found most days in a weakly lit office inside the Communicable Disease Control Department, which is stacked wall to wall with drooping folders and medical texts. For more than 10 years, the soft-spoken ...

What do three Cambodian teenage girls, a French T-shirt designer, a Japanese doctoral student and a Cambodian businessman have in common? On Thursday afternoon, they were all captured by the appeal of BRow Coffee and Bakery on street 214. The value of this crowd of ...

2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...

Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...

Cambodia on Thursday began to send its first batch of 309 troops to join a United Nations peacekeeping mission in the conflict-torn West African nation of Mali. “This is the first time that Cambodia sends peacekeepers to Mali. Up to 309 troops are in the 1st ...

Soaring prices for gasoline and goods have hurt some Cambodian consumers, causing what economists have said was a drop in the living standard of the Kingdom’s lower-income population. Gasoline traded at 5,300 riel per litre in Phnom Penh yesterday, an increase of about  12 percent ...

Cambodia saw a one per cent rise in inflation in April compared with the same month last year, according to the latest data from the National Institute of Statistics (NIS). Sim Ly, an official at the NIS said there was a slight increase in food and ...

Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...

Cambodia’s economic productivity is in trouble, struggling with an inability to turn a youthful population into a skilled workforce and stunted by an over-reliance on agriculture, according to a new World Bank report. In Cambodia and Vietnam, diversification of labour from the farming sector contributed to ...