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 ...

On Monday, Prime Minister Hun Sen announced a new phase of the Public Financial Management Reform Program, a donor-assisted initiative established in 2004 to bolster the country’s ability to soundly manage its budget. In a speech at the launch event, he touted the government’s progress ...

While the Kingdom’s automotive sector has seen the entry of authorised dealerships, grey market dealers still make up the bulk of car sales.Dealerships are trying to lure prospective customers to purchase new vehicles, but grey market used cars still enjoy a substantial cost advantage given ...

The National Election Committee yesterday kicked off the 15-day trial of its new electronic voting registration system at 25 stations throughout the country.NEC spokesman Hang Puthea said that the registration test plans to enrol about 30,000 people, though those people will have to register again ...

On the outskirts of Phnom Penh once stood a smoldering testament to mankind’s assault on the Earth. Stung Meanchey was the largest waste disposal site in Cambodia, the size of 76 football fields. Scavengers sifted through 900 tons of new waste delivered each day, amid ...

In a ceremony on Tuesday, the Ministry of Health appointed a new advisor – the Swiss Dr. Beat Richner, founder of the Kantha Bopha Hospital and Foundation. His hospitals have treated more than 15 million children since the first one opened in 1991 and Minister ...

Villages in Siem Reap yesterday welcomed a provincial court ruling that ordered the return of 300 hectares of land that local authorities had seized in 2011 “For more than five years we did not have land for rice farming,” said Mean Cheng, a representative for the ...

Researchers have released new photos offering a rare glimpse of endangered elephant herds seen traveling with calves through the Tonle Srepok Wildlife Sanctuary in Mondulkiri province earlier this month. The photos are part of a conservation supervisory project undertaken by Winrock International and the World Wildlife ...