The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming banks during times of need, credit ratings agency Standard & Poor’s says. Cambodia’s banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking ...

The World Food Programme Cambodia and Green Trade Company yesterday launched a project to blend regular rice with fortified rice to be used to provide free breakfast for children in targeted schools next year.​ ...

The financial policy committee of the Ministry of Economy and Finance is drafting the “Urban Solid Waste Management 2019-2028” policy to address waste management in Phnom Penh. Once approved, it will protect public health and the environment. Minister of Economy and Finance Aun Pornmoniroth, who ...

Speaking before the Supreme Consultation Forum on Wednesday, Minister of Public Works and Transport Sun Chanthol admitted his ministry’s shortcomings in the management of public construction works that have contributed to the fast deterioration of local roads. The Supreme Consultation Forum summoned Sun Chanthol to ...

The Ministry of Mines and Energy signed  a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum ...

Solar farms across five provinces are being launched this year, according to the Ministry of Mine and Energy. In its annual report, the ministry stated five solar parks are having their construction works accelerated so they can be connected to the national grid as soon ...

The Arbitration Council said on Thursday that it handled 2,882 cases from 2003 to 2019, which affected over 1.11 million workers in the industrial and service sectors across the country. Of these, it found solutions to 75 per cent of the cases, said Arbitration Council Foundation ...

Despite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction ...

After winning the rights to transfer large shipments of timber from Mondulkiri province to the rest of Cambodia, Try Pheap Import Export Co Ltd is being examined by 10 officials to ensure there are no irregularities in its operation, Mondulkiri provincial forestry administration director Um ...

Forest activists claimed they had observed more cases of deforestation in the Prey Lang area than before the Covid-19 outbreak. They alleged that three companies had sent workers to log and transport timber with no crackdown by the relevant authorities. ...

China remains the main source for Cambodia rice exports according to just-released data from the Cambodia Rice Federation (CRF). The CRF’s figures show that in the first quarter of 2020, 44 percent of Cambodia’s milled rice was shipped to China or 101,345 tonnes. ...

he Fisheries Administration has cracked down on a total of 599 fishing offences in the first three months of the year, including 42 sea fishing offences. This figure is down by 88 cases from the same period last year, said its report obtained by The ...

Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real ...

The escalating health crisis that Cambodia is experiencing because of the Coronavirus outbreak has led to the postponement of several major business-related events supposed to be held this month in the Kingdom, including Digital Cambodia 2020. ...

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax declaration by the 20th of ...

On May 13 2020, the Ministry of Economy and Finance has issued a notification to the Cambodian Rice Federation, in which the Royal Government is authorized to grant the re-export of white rice upon overseas buying contract and the notification comes into effect from 20 ...

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...

The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...

Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...

Cambodia lifted a ban on entry of visitors from Iran, Italy, Germany, Spain, France and the United States that had been put in place to curb the spread of coronavirus, the health ministry a week ago and the immediate result of this is the detection ...