Investigators from South Korea’s state-run deposit insurer have announced their largest overseas illegal assets haul ever after they tracked down and recovered large land holdings owned by a Korean fraudster near Phnom Penh.The haul, worth some $8 million, sheds light on the use of the ...

The country’s lower class will receive a series of tax breaks starting in 2016, Prime Minister Hun Sen announced Thursday, with tariffs on motorbikes, tuk-tuks and farm machinery to be waived, along with fees at stalls in state-owned markets.Striking a populist tone during the inauguration ...

On 6th June in Fisheries Administration, Ministry of Agriculture, Forestry and Fisheries (MAFF), an agreement was signed by H.E Nao Thuok, Secretary of State, Ministry of Agriculture, Forestry and Fisheries of Cambodia and Mr. Adachi Itsu, Chief Representative of JICA Cambodia Office for implementation of ...

Cambodia marginally improved its global competitive ranking this year, moving up five spots to place 90th out of 144 nations surveyed, with weak public institutions and lack of innovation continuing to affect its economic progress, according to a newly released World Economic Forum report.The Global ...

Cambodia’s accounting and finance industries have seen the healthiest growth over the past three months, followed by jobs in sales, hospitality, management and marketing, according to the latest report by jobs website Everjob. More than 2,500 positions in the accounting and finance sectors were listed on ...

Electricity Vietnam International (EVNI), a subsidiary of Vietnam’s state-owned electricity giant EVN, is no longer involved in the Lower Sesan 2 dam, a Vietnamese Embassy official confirmed yesterday. Cambodian conglomerate Royal Group and China’s Hydrolancang International Energy Co. Ltd. on Monday signed an agreement in Phnom ...

The third round of negotiation between Cambodia’s garment and footwear manufacturers and representatives of trade unions on minimum wage increase ended without result on Monday. The talk between the employers represented by Nang Sothy, co- chair of the Government-Private Working Group on Industrial Relations, and Ken ...

Cambodia on May 21 officially started to trade life insurance for first time in history with hope of supplementing social security and growth of insurance development in the kingdom. At the inauguration ceremony at 21st floor of Canadia Tower in Phnom Penh, His Excellency, Aun Porn Moniroth, secretary of state of finance ministry said: “it ...

A representative of Vietnamese state-owned electricity giant Electricity Vietnam International (EVNI) confirmed yesterday that their stake in a dam project in Stung Treng province has been bought out by their Cambodian and Chinese business counterparts. While Royal Group chairman Kith Meng has maintained that EVNI still ...

Villagers in Ratanakirri province filed complaints to the provincial court and rights group Adhoc yesterday, claiming three security guards patrolling former state forest in O’Chum district threatened them and fired an AK-47 to scare them away. Kreung ethnic villager Travh Khambon, 37 of La’ak commune Kam ...

While the Phnom Penh Water Supply Authority’s (PPWSA) share price continued to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plans to register by the end of July. At a ceremony marking the first ...

The United Nations human rights office called on Cambodia on Tuesday to carry out a full investigation into the killing of an anti-logging activist and to ensure the safety of witnesses to the crime in which a policeman was also shot dead. Chut Wutty, director of ...

Over 70 judges and justice ministry officials from throughout ASEAN gathered at a U.S.-supported ASEAN legal and judicial cooperation workshop in Cambodia this week for an unprecedented exchange of ideas on the rule of law in the ASEAN region. Representatives from the ASEAN Senior Law Officials Meeting (ASLOM), ASEAN Member State judicial bodies, and the ASEAN ...

The World Bank has denied a report that it is preparing to fund a new education project in Cambodia, 10 months after the bank froze all new lending to Cambodia to protest evictions and Phnom Penh’s Boeng Kak lake. In The, an undersecretary of state ...

Members of a party unable to garner a single seat in the National Assembly at July’s national election will hold undersecretaries of state positions in at least 28 different government ministries. In an interview yesterday, Council of Ministers spokesman Phay Siphan told the post that the ...

Chinese State Councilor Yang Jiechi and Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong on Thursday co-chaired the first meeting of China-Cambodia Intergovernmental Coordination Committee in Beijing. During the meeting, the two sides achieved broad consensus on enhancing comprehensive strategic partnership of cooperation, said a ...

Chinese firm Global (Cambodia) Trade Development will launch several more city bus lines in Phnom Penh over the next 10 months, dramatically expanding what has so far been a successful experiment to introduce mass transit to the capital, the company and state media said yesterday. Lin ...

Cambodia has seen a trade deficit of 1.41 billion U.S. dollars in the first six months of this year, the latest report of the Ministry of Commerce showed Monday. Total trade volume reached 8.95 billion dollars during the January-June period this year, an increase of 17 ...

Phnom Penh residents should experience blackouts less frequently this dry season, as state-run Electricite du Cambodge (EdC) now has enough power to avoid a repeat of last year’s rolling blackouts, a senior company official said yesterday. The amount of electricity Cambodia will receive from several hydropower ...

The National Assembly yesterday opened debate for the first time on the first of three controversial judicial draft laws, approving in principle the first two chapters of the Law on the Organisation and Functioning of the Courts, in the continued absence of the opposition Cambodia ...