On 17 April 2023, the National Bank of Cambodia issued a press release on the memorandum of understanding (MoU) on “Cross border payment and remittance cooperation” between the National Bank of Cambodia and NPCI international Payments Limited.H.E. Dr. Chea Serey, Deputy Governor of the National ...

Twenty-one opposition members and activists were banned from holding elected office for at least 20 years after being convicted in absentia of inciting voters to spoil their national election ballots by the Phnom Penh Municipal Election Committee (PEC) on Tuesday. ...

The former country partner and staff of Grant Thornton Law and Associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. As a result, BDO Cambodia’s team will now comprise over 30 staff and partners, a ...

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...

Cambodia Angkor Air will launch a regular flight service between Siem Reap and Sihanoukville by the end of the year, an official at the Council of Ministers said yesterday. There are currently no flights to Sihanoukville, the country’s premier coastal resort, even though the airport ...

Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...

The Ministry of Labour has been ordered to permanently close the labour recruitment firm T&P following the discovery of more under-age trainees in its Kampong Chhnang centre. The move marks the first time the ministry has shut a labour reruitment firm, and follows intense criticism of ...

While sovereign debt crises in Europe and a lagging US economy have yet to curtail cheap Cambodian exports, industry watchers said domestic producers should diversify their target markets to avoid a future slow down. Exports saw a more than 40 per cent increase year-on-year between January ...

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

Police detained two unionists and broke up a protest in Siem Reap province yesterday where workers demanded the owners of the Angkor Village Hotel and Resort respect a court decision ordering them to reinstate 67 workers. On October 26, Siem Reap Municipal Court ruled that the ...

Enforcing a new ban against hanging posters and distributing promotional leaflets in Phnom Penh, police detained three Smart Mobile promoters while they were distributing flyers ahead of a music concert Tuesday, a company representative said. Boeng Trabek commune police chief Nheng Samoeun said that he ...

Cambodia’s foreign donors are staying largely mum about the government’s decision to indefinitely  high-level aid meeting, though one donor conceded that the move had caught it off guard. Economists also said yesterday that a delay in holding the donor meeting would have little effect, but ...

Kompong Thom provincial authorities have threatened to shut down two NGOs who have been providing free legal education to poor villagers in the province, accusing the groups of fomenting rural unrest against private investors. The NGOs, the Cambodian Center for Human Rights and the Natural ...

Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...

Police said they freed one recruit from a Phnom Penh recruitment agency this weekend and were seeking to prosecute its director, adding that they were doing the same for the director of the SKMM recruitment agency, where 78 recruits were freed last week. The court ...

Minister of Agriculture Chan Sarun announced yesterday that the government would establish its first one-stop service office for rice millers and exporters by the end of the month. The announcement comes two months after Hun Sen signed off on the idea, which is meant to cut ...

More than 500 residents of Pursat City have signed a letter addressed to Minister of industry, Mines and Energy Suy Sem threatening to take to the streets in protest if the town’s privately owned electricity distributor does not reduce prices. Rong Chhun, president of the Cambodian ...

Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the South China Sea being discussed by countries that are not directly involved in the regional maritime dispute. Speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ...

Poipet City authorities have issued eviction notices to those living alongside a section of railway that is earmarked for renovation, telling the families to move within 10 days or risk loss of property. The villagers said yesterday they received the eviction announcement only one day before ...

A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...