The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...

Cambodia’s aim to become an automotive parts manufacturing hub, making a wide range of low-to-medium complexity components for export, is an important part of its plan to diversify the economy and also to offset the impact of the Covid-19 pandemic on the traditional key sectors, ...

Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...

The price of coffee in Mondolkiri province, the country’s top coffee producing area, is continuing to increase as demand for the commodity continues to grow, according to local farmers and officials. Chay Moa, who owns a 5-hectare coffee farm in Sen Monorom City, said that he ...

For Sam Phat and her family, the decision 10 years ago to plant rubber trees on their hectare of land was an easy one. Because of booming demand, mostly from China, rubber prices were high, and the startup cost of planting trees was low. ...

A prolonged regional drought is expected to push Thai and Vietnamese rice prices up by 10 to 15 per cent, narrowing the price gap that has kept Cambodian rice exporters from securing major international supply orders, one of the Kingdom’s biggest rice exporters said yesterday. ...

Property prices in Phnom Penh increased by about 15 percent at the end of June compared to the same period in 2011 , according to data released yesterday by local realty firm Asia Real Estate Cambodia (ARC). The average price of commercial property in Phnom Penh ...

Food and beverage imports in the Kingdom fell more than 70 per cent in the third quarter, as high international prices and the growth of domestic production dragged on demand. About 192,580 tonnes of food and beverage products entered Cambodia between July and September, down 72 ...

When it became the first—and still the only—company to list on Cambodia’s stock market on April 18, the Phnom Penh Water Supply Authority saw its share price shoot up some 50 percent on its first day of trading before beginning two weeks of steady decline. Since ...

The cabinet on Tuesday approved a proposal allowing the Commerce Ministry to form a rice trade partnership with Asean’s four other rice-producing countries, namely Vietnam, Laos, Cambodia and Myanmar, to stabilise rice prices in the global market and to promote food security in the region. The ...

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...

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 ...

Land prices in Siem Reap town increased slightly last year compared with the previous year, thanks to the growing strength of the tourism industry, according to insiders. The provincial capital saw prices rise about five percent in residential areas in 2017 and about 10 percent ...

The government announced a set of price caps on retail petroleum products yesterday based on the application of its new fuel-pricing mechanism. Sor Chandara ...

The state-owned energy supplier Electricite du Cambodge (EdC) will increase the price of electricity in September for tens of thousands of homes in Phnom Penh and three other provinces due to a hike in the cost of energy being supplied by Vietnam, officials said yesterday. Ty ...

Cambodia has seen a 32 percent rise in dry rubber exports in the first six months of the year, according to the figures of the Ministry of Commerce on Tuesday. Revenues from the exports valued at 76.5 million U.S. dollars during the first half of ...

Wages for Cambodian garment workers decreased by more than 20 percent in real terms between 2001 and 2011 despite the industry’s exponential increase in exports, which in 2012 were valued at more than $4 billion, according to a recent report by a U.S.-based workers advocacy ...

Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...

THE Cambodia Securities Exchange (CSX), the recently established bourse with a single player, will increase the number of trade executions from twice to six times a day, a move that will take effect on March 11. A CSX officer and the managing director of a securities ...

Over the last decade since the government established a rice promotion policy in 2010, locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd has become one of the game changers in driving milled-rice exports and transforming the Kingdom into a key rice exporter in ...