Thirty-one thousand new households, with 150,000 people, across three western provinces will soon have access to reliable and affordable electricity, after a $23.9 million investment project, launched Thursday, will connect them to the national grid. ...

Phnom Penh Special Economic Zone (PPSP) recently issued more than 14 million shares, bringing its total number of shares to nearly 71.9 million, according to an announcement made by the company during a press conference Friday. ...

This year’s celebration of ASEAN Day for Disaster Management (ADDM) and International Day for Disaster Reduction (IDDR) will be hosted by Cambodia on Oct. 9-10, aiming to raise people’s awareness of disaster risk reduction. ...

The government yesterday slightly lowered its growth forecast for this year – from 7 to 6.9 percent – citing slowing growth in China and Europe as well as the appreciation of the US dollar as the reasons for the cut. ...

Only about 10 per cent of Cambodia’s workforce is being granted paid annual leave, a report released last week says. Under the 1997 Labour Law, workers who work a standard 48-hour week are entitled to 18 days of paid annual leave, in addition to one day ...

Students who failed this year’s grade-9 and grade-12 examinations should not despair as the government has provided alternative options for those who want to continue their studies, a Ministry of Labour and Vocational Training official said. ...

Beat Richner, a Swiss pediatrician who opened a network of children’s hospitals in Cambodia at a time when quality health care was all but non-existent in that country, died Sept. 9 in Zurich. He was 71. ...

The percentage of smokers over the age of 15 has dropped from 19.5 percent in 2011 to 16.9 percent last year, according to the National Adult Tobacco Survey which was released yesterday by the National Institute of Statistics. ...

Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion. The Financial Services Commission approved Woori Bank’s acquisition of Malis on Wednesday, according to bank officials. ...

South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. ...

Cambodia’s General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website. ...

Prime Minister Hun Sen on Monday appealed to Cambodia’s 9.6 million eligible voters to register to cast their ballots when enrollment opens next month, as the opposition CNRP expressed concerns that a million migrant workers could be disenfranchised. ...

The Phnom Penh Municipal Court on Friday acquitted a land broker of allegedly defrauding a businessman out of $2.5 million over a 9,000-hectare economic land concession (ELC) in Mondolkiri province that was eventually revoked by the government. ...

Prime Minister Hun Sen will lead a delegation to attend the Dialogue on Strengthening Connectivity Partnership and the APEC CEO summit to be held from 7-9 November in Beijing, China, according to a press release issued by Ministry of Foreign Affairs Monday. ...

Villagers in Ratanakkiri province’s O’Yadav district have filed a complaint with rights group Adhoc against a logging company they say has claimed more than 9,000 hectares of community forest as its own and threatened residents against using the land. ...

Cambodia’s commercial banks lent $11.9 billion to customers in the first half of this year, a 33 percent increase from the amount lent during the same time last year, according to a National Bank of Cambodia (NBC) report released Tuesday. ...

The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...

Heng Sour, Minister of Labour and Vocational Training, signed a Memorandum of Understanding with Fukuhara Koji, President of the Japanese Business Association of Cambodia (JBAC), on July 9 to promote internship cooperation in order to support technical and vocational skills training. ...

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...

Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...