I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially “opened” a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power ...

Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...

SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...

Philippine Airlines continues to pursue talks to form a new Cambodian flag carrier with local telecommunications, banking and property tycoon Kith Meng despite missing a deadline to close the deal for a second time this week, its top executive said. PAL president Ramon S. Ang said ...

In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...

Cambodia is preparing three long-awaited laws aimed at restoring its widely criticized judicial system. However, two of the three draft laws obtained by VOA Khmer still need a lot more improvement, according to legal experts. The laws focus on codifying court jurisdiction, laying out guidelines for ...

The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...

SACOMBANK yesterday announced the launch of its new subsidiary, the 100 per cent foreign-owned Sacombank Cambodia Plc, which is set to target the Kingdom’s rural population. The Vietnamese commercial bank plans to open branches throughout the country’s provinces to provide banking services to a larger cross-section ...

Money laundering and drug-related crimes continue to be a major challenge in Cambodia due to a lack of enforceable legislation, endemic corruption and limited resources, according a new report by the US State Department. According to the 2012 International Narcotics Strategy Report, Cambodia continues to be ...

A senior government official has said construction on the US$1 billion airport project in Siem Reap was still on track despite the recent arrest of a key person in charge of the project. Plans and designs for the New Siem Reap International Airport had been submitted ...

According to a new report by the Ministry of Tourism published yesterday, revenue from ticket sales to the Angkor Archeological Park reached $39.48 million in the first quarter of 2018, 28 percent higher than the corresponding period last year. Ministry data showed 854,584 tourists visited the ...

The government has unveiled plans to develop a new town in the Bokor Mountain area, an inter-ministerial meeting last Friday said. Minister of Land Management, Urban Planning and Construction Chea Sophara led the meeting to develop a master plan for the development project, located in ...

With claims that some companies are attempting to avoid forking out seniority indemnity payments, the Ministry of Labour and Vocational Training has reminded the owners and bosses of garment and footwear companies of their obligation to implement the new policy. Indemnity payments for workers in ...

With help from the Kingdom’s Silk Research Centre, the sleepy sector is showing new signs of life with the first crop​ of worms from the institute’s breeding centre being put to use. Aoral Silk Community was the first farm in Kampong Speu province to sucessfully ...

Germany’s Chancellor Angela Merkel became the first leader of a Western democracy to congratulate Prime Minister Hun Sen on his party’s landslide victory in the July 29 national elections, issuing a letter wishing him success over the course of his new term of office. Observers, ...

More than 100 factories have started operations in the Kingdom in the last eight months, according to a report from the Ministry of Industry and Handicraft. The latest report from the ministry shows that, from January to August, 116 new factories registered with the ministry, ...

Prime Minister Hun Sen has urged the Kingdom’s workforce to seek more technical training and strengthen their skills if they are to avoid job losses resulting from the Fourth Industrial Revolution. Hun Sen said the fourth industrial revolution is like a double-edged sword that will ...

Chinese firms have proposed a new hydroelectric power project on Koh Kong’s Tatay river. Chint Group and Sinomach-HE recently asked the Ministry of Mines and Energy for permission to begin a feasibility study on a project to build a 150-megawatt hydropower dam on the Tatay river, ...

Garment workers unions unhappy with next year’s recently announced $140 minimum wage for the sector will meet this week to determine whether or not to hold demonstrations to protest the disappointingly low figure.The unions were pushing for $160 a month when the government announced the ...

While Cambodian households saw their debt increase just 2 per cent last year, rural household borrowings to service existing loans nearly doubled, new government research shows.Both total and disposable incomes across the 3.3 million Cambodian households rose 16 per cent year-on-year in 2014, with total ...