The Council of Ministers has approved a draft budget for 2023 of 39,206,205 million riels, or $9.6 billion, a 13 percent increase on 2022. ...

A teacher and opposition activist who made spurious claims on Facebook that two Vietnamese men had kidnapped children and cut out their kidneys and eyes is now facing up to two years in prison after he was arrested on Saturday and charged with spreading false ...

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

Prime Minister Hun Sen was awarded an honorary doctorate in “transformational leadership” by Malaysia’s Limkokwing University on Wednesday, adding to his extensive list of honorary degrees. ...

Cambodia and China reached here yesterday six memorandums of understanding (MoUs) in order to further tighten and expand the cooperation between the two countries. The signing ceremony was witnessed by Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen and visiting H.E. Liu Yunshan, ...

The Vietnam Naval Academy (VNNA) and the Royal Cambodian Navy Academy on June 26 signed a memorandum of understanding on establishing a twinning relationship in Nha Trang city, the central province of Khanh Hoa. ...

Cambodia called Monday for the further deepening of ASEAN’s financial cooperation with China, Japan and South Korea. According to a paper circulating at a gathering of leaders to mark 15 years of cooperation between the 13 countries, so-called ASEAN+3 financial cooperation has “achieved many solid outcomes” ...

Commercial banks and microfinance institutions have acquired more than 209 billion riel in riel liquidity, worth $52.4 million, from the National Bank of Cambodia (NBC) since the central bank began its liquidity-providing collateralised operation (LPCO) in October 2016. ...

The Royal University of Phnom Penh, the Royal University of Fine Arts, and the National Institute of Education inked a memorandum of understanding (MoU) on Monday, agreeing to establish a joint higher education social sciences and humanities research institute. ...

The Ministry of Information last week warned media organizations not to publish or broadcast advertisements from gambling outlets unless they have permission from the government to do so, according to a ministry notice obtained Tuesday. “The ministry previously advised [media outlets] to stop all types ...

Like mob deals and black market trades, the Cambodian school budget is dealt in suitcases of cash. Four times a year, the school operating budget is dispersed in stacks of cash transferred from the central bank to the Ministry of Education, eventually ending up with the ...

With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...

A coalition of NGOs yesterday implored Prime Minister Hun Sen to shelve the government’s plans for the Stung Cheay Areng hydropower dam in Koh Kong province and instead turn the wilderness area in question into an eco-tourism site. ...

The National Bank of Cambodia (NBC) will open a museum on finance and monetary matters in January 2018, a representative of the central bank has announced. ...

A recent study on the role of Cambodia’s moneychangers found that three private forex traders control two-thirds of the total demand for riel currency and exert more influence on foreign currency exchange rates than the central bank, raising the possibility of collusion in fixing rates. ...

Interpol and Cambodia’s neighboring countries have currently searched for fugitive tycoon Thong Sarath, who is believed to be the mastermind behind assassination of tycoon Ung Meng Cheu who was gunned down last month in Phnom Penh, Mak Chito, chief of central justice at Interior Ministry’s ...

Expatriates working in Cambodia without labour identification cards will face fines and even jail when strict new enforcement kicks in, according to a July 16 joint statement from the ministries of interior and labour. Government inspectors, the statement adds, will begin checking workplaces immediately in order ...

About 1,000 Cambodian women died from cervical cancer every year, said Hun Many, president of Union of Youth Federation of Cambodia. Speaking Saturday at a news conference on anti cervical cancer campaign, Many, son of Prime Minister Hun Sen, said the death rate of cervical ...

The ministries of Labor and Interior met on Thursday to outline the government’s plan to more strictly enforce measures for employers of foreign nationals to ensure that their staff has proper documentation. Seng Sakada, director-general of the Labor Ministry’s labor department, said previous efforts have not ...

Local rights group Licadho yesterday praised the government’s plan to release a number of incarcerated women who are pregnant or have their children with them in prison within the next week, but said deeper reforms are needed. In a statement, the NGO said it welcomed an ...