King Norodom Sihamoni has signed off on a Royal Decree terminating the positions of every ministry-level adviser in the government except for those of Prime Minister Hun Sen in order to allow recently appointed officials to appoint new advisers. The decree, signed October 1 and obtained ...

The Export-Import Bank of China (Exim Bank) on Wednesday signed up to provide a concessional loan of $121 million to Cambodia for irrigation system and power transmission line development. The agreement was inked between Cambodian Finance Minister Aun Porn Moniroth and visiting Chairman of the Exim ...

The Bar Association of Cambodia has written to Justice Minister Ang Vong Vattana requesting that an official price be set for photocopies of court case files, claiming that court clerks are taking advantage of the current system by charging lawyers extortionate amounts. The letter, dated October ...

The National Assembly’s banking and finance commission met Monday to discuss the proposed $3.8-billion budget for 2015, with lawmakers from both parliamentary parties agreeing that more specific details are needed before they can evaluate the plan, according to the commission’s deputy chairman, Son Chhay. Mr. Chhay, ...

The National Assembly’s mixed-party commission on finance will meet Monday to begin discussing the 2015 draft budget, its deputy chairman said Sunday. CNRP chief whip Son Chhay said the CPP-chaired committee would meet this morning to discuss the $3.8 billion budget and plan a meeting with ...

Civil servants will see their salaries raised again from January as part of incremental annual pay increases scheduled through 2018, the government announced yesterday.Next year’s raise will mean about 200,000 civil servants will have their basic salaries increased by 12 per cent from the current ...

A request for more information about the proposed $3.75 billon national budget has been denied and the bill will now likely pass through the National Assembly next week relatively unchanged, opposition lawmaker Son Chhay said yesterday. ...

Market regulator Securities and Exchanges Commission of Cambodia and Cambodia Securities Exchange are looking at reducing some of the current initial public offering requirements, as a way to attract more small- and medium-size businesses to list on the flagging exchange. ...

Prime Minister Hun Sen on Thursday urged the Ministry of Economy and Finance to eliminate the practice of bribery or greasing the palm to facilitate development projects funded by the Ministry itself or the National Treasury. New Finance Minister, Oun Porn Monirath, successor of Keat Chhon, ...

Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...

Following a scathing report from its internal watchdog about the resettlement of thousands of Cambodian families affected by a national railway rehabilitation project that it is funding, the Asian Development Bank has agreed with the government on an action plan for further compensation, it said ...

Prime Minister Hun Sen on Wednesday called on his ruling party to give its staffers a base salary on par with the country’s lowest paid teachers plus 30 percent, roughly matching the raises teachers, nurses, police and soldiers will be seeing this year. ...

The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...

Cambodia on May 21 officially started to trade life insurance for first time in history with hope of supplementing social security and growth of insurance development in the kingdom. At the inauguration ceremony at 21st floor of Canadia Tower in Phnom Penh, His Excellency, Aun Porn Moniroth, secretary of state of finance ministry said: “it ...

The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...

The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...

Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...

Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...

The Garment Manufacturers Association in Cambodia (GMAC) said Thursday most of its 559 factories would continue to be closed due to security concerns after six pro-opposition trade unions led striking workers to destroy factories’ properties and forced workers to join their protests. “Because of the current ...

Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...