The government is beset with high-level corruption, a lack of transparency in public procurements, poor auditing practices and political interference in the country’s main anti-corruption body, a report produced by the Asian Development Bank (ADB) sent to the media yesterday states. In a 66-page report that ...

Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...

It is almost two years to the day since Cambodia’s stock market launched in Phnom Penh in front of proud government officials, senior financiers and eager investors from across the region. Initial expectations were that a total of three state-owned firms would be listed within six ...

The opposition party has called on microfinance institutions to renegotiate payment terms with flood-affected loan holders. This year’s floods have affected 20 provinces and more than 1.7 million people, with 31,314 households evacuated, according to the Humanitarian Response Forum. The Cambodia National Rescue Party has asked that ...

The Asian Development Bank (ADB) on Monday promised to help pry answers out of the government for residents of Phnom Penh who fear losing all or some of their land to a Bank-funded project to rehabilitate the country’s railway network. ...

The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...

Phnom Penh Water Supply Authority saw 8.2 per cent revenue growth during the first quarter of the year, a welcomed disclosure after the retirement of the state-owned firm’s general director was announced last week. The firm took in US$7,725,500 between January and March, up from $7,140,473 ...

The Asian Development Bank (ADB) has approved a $40 million loan to help Cambodia’s micro, small, and medium-sized enterprises (MSMEs) get easier access to credit. The money will also support government efforts to bring in reforms to boost financial stability and upgrade the financial sector ...

On 20 March 2023, the Ministry of Economy and Finance issued a press release on the launching ceremony of public financial management reform program stage 4 “performance accountability”, which is the last stage of public financial management reform program. ...

The Asia Development Bank (ADB) in collaboration with the Ministry of Public Works and Transport (MPWT) has successfully built a 20-hectare controlled landfill in Battambang province, aiming to serve 126,000 people in the community with the capacity to remove 100 tonnes of trash daily for ...

Sun Chanthol, the Minister of Public Works and Transport, said last week that Hanshin Engineering and Construction Company, a Korean firm that won the contract to improve National Road 21, violated the contract with the government by hiring a subcontractor to do the job. ...

Residents of Phnom Penh’s Boeng Kak and Borei Keila communities delivered petitions to the offices of the European Union and World Bank yesterday in their ongoing attempts to enlist Cambodia’s aid donors in their efforts to have jailed anti-eviction activists released from Prey Sar prison. ...

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the Bank said the region was the most disaster-stricken in the ...

The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...

Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...

Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...

Toll Royal Railway, the private operator of Cambodia’s train service, has no system in place to regularly inspect the state of its tracks, and lacks qualified inspectors to check either tracks or bridges, according to a recent safety audit of the firm’s Phnom Penh operations. The ...

A draft US law that would require the World Bank to regularly report to congress about the condition of families displaced or still living in the Boeung Kak lake area was approved Wednesday by the House of Representatives. The bill includes language that specifically requires the ...

Cambodian authorities have charged nearly half as many villagers in land dispute cases in the first three months of this year as they did in all of 2013, a local rights group said Thursday, adding that most of the rows stemmed from government-granted land concessions. Following ...

The government-backed Rural Development Bank (RDB) will lend $64 million to Cambodia’s agriculture sector in 2014, the Bank’s top official said yesterday. Sun Kunthor, president of RDB, said most of the funding would be used to support growth in Cambodia’s rice sector as it strives to ...