Nearly nine out of 10 Cambodians have confidence in local financial institutions, a trend that stands in sharp contrast to Europe and the US, a poll published last week found. However, industry insiders question the results, as the Kingdom’s financial services are still under-developed. The poll ...

The Can Tho city and Cambodian province of Battambang have signed a memorandum of understanding on economic co-operation that covers commerce, investment, and tourism. The two sides will create favourable conditions for businesses from the two localities to co-operate in areas like processing of farm produce, ...

Malaysian companies have been urged to venture into Cambodia’s agriculture sector especially in paddy planting and opening up rubber estates. In making the call, Raja Saiful Ridzuan, Deputy Chief of Mission at the Malaysian Embassy here, said Malaysian firms, with its vast expertise in agriculture sector, ...

Cambodia posted the sharpest increase in production among the world’s major rice producers between 2000 and 2010, the Food and Agricultural Organization said in a report released Wednesday. The 2013 edition of the UN agency’s Statistical Yearbook showed that Cambodia was the world’s 12th largest rice ...

Thousands of villagers in a remote district of the coastal province of Koh Kong have been evicted or are facing eviction in the face of a Chinese resort development project. Some families have moved unwillingly to relocation sites. But others are refusing to leave, setting the ...

More than 100 families living in Koh Kong’s Kiri Sakor and Botum Sakor districts are on the clock, with an official government decree demanding they vacate their land in less than two months or face the bulldozers of the Chinese firm slated to build a ...

The Siem Reap Provincial Court charged three men Wednesday with illegally logging luxury rosewood inside the Angkor Archaeological Park, a Unesco world heritage site, officials said. Provincial prosecutor Heng Pheng said the suspects had been identified as Sun Phearak, 20, Phay Sophea, 18, and Phin Ron, ...

Prime Minister Hun Sen left Monday to attend the 23rd ASEAN summit as well as other related meetings in Brunei, said Srey Thamrong, a minister attached to Hun Sen. The summits held from October 9-10 will include the 23rd ASEAN Summit, 16th ASEAN-Japan Summit, 16th ...

Cambodian Prime Minister Hun Sen on Monday urged China Petroleum & Chemical Corporation, or Sinopec Corp, the Asia’s largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, Xinhua reported on October 15, citing a spokesman. ...

Cambodia has made little progress on gender equality and is the lowest-ranked country in the region, according to the World Economic Forum’s (WEF) 2013 Gender Gap Index released Friday, slipping a place from last year to rank 104 out of 136 countries. The index examines the ...

Cambodia’s National Assembly Secretary General, Leng Peng Long, called on the Ministry of Interior to take decisive action over members of parliament whose vehicles still use out of date number plates. On Thursday, the Secretariat of the National Assembly had informed lawmakers and former lawmakers ...

Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary. The comments come after both Prime Minister Hun Sen and ...

Rice exports to Thailand plummeted in the first four months of the year as a result of that country’s surplus, which reached record levels at the end of 2013. Between January and April, Cambodia exported just 1,550 tonnes of rice to Thailand, down 89 per cent ...

The army created a new platoon on Monday to guard an area near the Areng Valley in Koh Kong province, where hundreds of ethnic minority residents have fiercely resisted plans by a Chinese company to build a hydropower dam that would flood their ancestral lands. The ...

A Taiwanese woman and five associates charged with trafficking Cambodians to work in slave-like conditions on fishing boats off the coast of Africa had their case heard by the Phnom Penh Municipal Court on Wednesday. Lin Yu Shin, the 54-year-old owner of the now defunct Giant ...

Australian-listed mining firm Emerald Resources NL on Monday announced plans to raise A$75 million (US$51 million) in funds for its Mondulkiri-based Okvau gold project with two placements of 1.875 billion new shares. The first is an unconditional placement for approximately A$30.5 million and the second ...

On Monday, March 31, 2020, at the Peace Palace of the Council of Ministers, a new mandate meeting of the Permanent Council of Ministers was presided over by Samdech Akka Moha Sena Padei Techo HUN SEN, Prime Minister of the Kingdom of Cambodia to review ...

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

The United States, through the US Agency for International Development, yesterday committed a $1.5 million aid to the Ministry of Health to help in the Kingdom’s efforts to mitigate the spread of coronavirus. The donation is the latest COVID-19 assistance from the US, with its ...

Discussion about hydroelectric power plants in Cambodia tends to focus on two aspects, both negative. One is an overdependence on Chinese investment, and the other is a relatively disproportionate focus on the environmental impacts of hydroelectric power. Chinese Influence Most hydroelectric power plants in Cambodia are associated ...