A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

Kratie, a province in northeast Cambodia has seen an improvement in tourist arrivals and length of stay since the Mekong Discovery Trail project was established in 2007. The Mekong Discovery Trail is a co-operative effort with the Cambodia’s Ministry of Tourism and has the support of ...

ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...

Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of investment in agriculture, the State of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers in low and middle income ...

A strike involving hundreds of casino workers – many who have been told their contracts have been terminated – reached an impasse yesterday after NagaWorld officials did not attend a conciliation session at the Arbitration Council, a union leader said. “The Arbitration Council could not immediately ...

Cambodia saw a 1.7 per cent rise in inflation in February compared with the same month the previous year. Prices of food and fuel rose, according to official data from the National Institute of Statistics (NIS). “The increase for all index group of a 1.7 per ...

An illegal logger in Cambodia has dropped an address book during a bust, leaving behind details of corrupt government officials and spying rangers. The man fled after being intercepted by police over an illegal haul of rare rosewood in Koh Kong province earlier this month. . “We ...

A six-year-old Cambodian girl has died from bird flu, bringing the country’s toll from the deadly virus to nine so far this year, the World Health Organisation said Tuesday. The girl, from the southern province of Kampot, died in a children’s hospital in the capital Phnom ...

About 30 former residents of the Boeng Kak community submitted a petition on Friday morning to the World Bank office and several embassies in Phnom Penh, calling for a halt to all funding for longtime anti-eviction protesters from the Boeng Kak area. The Boeng Kak counter-protesters ...

The Cambodian government and rice exporters have dismissed allegations that rice exports to the European Union (EU) countries are contaminated with rice from Vietnam. Commerce Ministry representative told local sources that while it is true that some Cambodia rice is processed in Vietnam to match ...

Hundreds of senior government officials will be dispatched to the provinces in the coming months to gauge public opinion on reforming state institutions. Almost 800 senior officials from all ministries will begin the project on February 15, state broadcaster TVK reported yesterday, following a meeting at ...

The Phnom Penh Municipal Court on Wednesday charged at least seven opposition CNRP lawmakers-elect and a party activist with insurrection and incitement over a protest that turned violent on Tuesday, sending six of the group to Prey Sar prison. Meng Sopheary, a lawyer on the defense ...

Japanese investors will put $56 million into a joint venture with local company Sanco Investment Group (SIG) to build a new special economic zone in Banteay Meanchey province’s Poipet town, officials said yesterday. Chhour Vichet, executive director of SIG, said Thailand’s labour shortage, Cambodia’s ongoing political ...

The European Commission (E.C.) will today ban all fish imports from Cambodia, carrying through on its threat made in November to punish the country for failing to show genuine commitment to tackling the global problem of illegal fishing, according to a memo released Friday. The ban, ...

The Cambodian government will introduce a food-safety law later this year that would see the Kingdom adopt a set of national food safety standards and ensure greater coordination across ministries, according to a health official. Aing Hoksrun, chief of the food bureau at the Department of ...

The Council of Ministers has granted farmers in Kompong Thom province permission to start farming on the floodplains of the Tonle Sap lake in an area previously off limits and home to flooded forests that provide a critical fish breeding habitat. The Council of Ministers’ notice, ...

 All fifty-five Members of Parliaments (MPs) from the opposition Cambodia National Rescue Party (CNRP) attended a parliamentary session for the first time on Friday after they had boycotted the parliament for 10 months following a disputed election results in July last year. CNRP’s president Sam Rainsy ...

The government has finished calculating the additional compensation it will pay out to some of the families forced to move for a $143 million railway rehabilitation project being funded mostly by the Asian Development Bank (ADB), according to a new report. The report, released this week ...

The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...

Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...