The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector.   ...

As yet another deadline passed, right-hand drive vehicle owners will now have until June 12 to register their vehicles with the Ministry of Transport and Public Works or run the risk of being on the wrong side of the law, according to a ministry statement ...

The government is considering a proposal for telecommunications regulators in Cambodia, Thailand, Laos and Myanmar to jointly enforce mobile phone SIM card registration in an effort to prevent cross-border fraud and drug trafficking, among other illegal activities. ...

On 05 July 2016, at Ministry of Education, Youth and Sport (MoEYS) has a MoU signing to renew the agreement between the Ministry of Education, Youth and Sport (MoEYS) and Metfone, the Kingdom’s leading telecommunications company, to provide free internet to schools nationwide with the attendance ...

PM will lead a high delegation to attend the “11th ASEM Summit” to be held from 15 to 16 July 2016, in Ulaanbaatar, Mongolia, under the theme “20 years of ASEM: Partnership for the Future through Connectivity”, the 11th ASEM Summit is expected to discuss ...

Cambodia is one of the smallest and poorest economies in ASEAN. It accounts for only 0.7% of total regional economic activity and had the lowest GDP per capita in 2014 (Table 1). Only the Lao PDR has a smaller economy, and the next-poorest countries in ...

Eight markets in Phnom Penh and Siem Reap and Preah Sihanouk provinces have started trialing a campaign to reduce the number of plastic bags given to customers. Thol Buntha, a media relations officer for Italian-based NGO Fondazione ACRA, told Khmer Times that the markets, which include ...

The International Committee of the Red Cross (ICRC) has been asked to investigate cases of mistreatment of Cambodian migrant workers imprisoned in foreign jails, the Foreign Ministry announced this week. ...

The Ministry of Mines and Energy has publicly announced that companies can bid for four mining exploration permits in both Kratie and Kampot provinces, marking the first time since the ministry was formed in 2013 to issue fresh licences for private companies to investigate mineral ...

Opposition leader Kem Sokha said on Saturday his party would shutter the Rural Development Ministry and put the savings towards the goal of funding each of Cambodia’s more than 1,600 commune councils with half a million dollars a year if it wins power in 2018. ...

Cambodia inked a memorandum of understanding with China yesterday that aims at providing better facilities for trademark and brand registration in both countries. ...

The Ministry of Agriculture signed a memorandum of understanding with a Chinese agricultural company to provide technical assistance in developing pig production in Cambodia. ...

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ...

Prime Minister Hun Sen yesterday said that the kingdom will soon be serviced by two new international airports, confirming the construction of new airfields in Phnom Penh and Siem Reap. Mr Hun Sen’s announcement comes days after the Council of Ministers formally approved on Friday ...

Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead Of US dollars, part Of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead Of using US dollars as an intermediary currency, was made by ...

The National Assembly yesterday approved an amendment to the Penal Code allowing prison sentences for anyone insulting the King.An extraordinary session was held yesterday to discuss and then approve the Penal Code amendment, as well as amending five articles of the constitution and a draft ...

Nearly 100,000 Cambodians were sent to work overseas last year, an increase of 12.6 percent compared with the previous year that saw about 85,000 workers migrate, according to a Ministry of Labour report. The report, issued yesterday, said that last year Cambodia sent 96,338 labourers ...

The government has pledged to punish mobile telephone operators that do not register the identities of their users—or fail to shut down anonymous numbers—by the middle of the month, threatening fines or suspensions for non-complying companies. ...

A new sub-decree to allow the Cambodia Chamber of Commerce to represent the business sector overseas, will come into force next year after Prime Minister Hun Sen signs the draft into law soon, according to a Commerce Ministry official. Soeng Sophary, the ministry’s spokesperson, said the ...

The prime minister’s call for provincial governors to help solve land disputes has fallen on deaf ears, according to members of a group of 500 protesters who demonstrated in front of the Preah Sihanouk provincial government hall yesterday asking for an expedited land titling process ...