The central bank officially held a soft launch last Friday for its central shared switch mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem. ...

Prime Minister Hun Sen has assured unionist Vorn Pao that he does not need to fear arrest and flee the country over possible links to an attempted colour revolution by the former opposition CNRP. ...

Foreign Affairs Minister Prak Sokhonn will attend the 13th ASEM Foreign Ministers Meeting in Myanmar today and tomorrow. ...

The private sector is concerned that the newly proposed universal minimum wage law, which is reportedly being drafted by the government and comes on the heels of numerous new labour regulations, has created a climate of uncertainty, according to an industry expert. ...

Cambodia’s beloved Irrawaddy dolphins are facing troubled waters, with the International Union for Conservation of Nature (IUCN) yesterday flagging the riverine mammal as ‘critically endangered’ in an update to its ‘Red List’. ...

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

The government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and Finance has unveiled. “Increasing local borrowing instead of foreign borrowing will improve the country’s trade balance and current account,” said Vong Seyvisoth, ...

An environment-monitoring working group from the Environment Ministry and the Council for the Development of Cambodia plans to meet with the owners of nearly 50 special economic zones across the country to promote standards on environmental protection and liquid waste management. ...

With over 130 registered projects in banking, manufacturing, agriculture, service and infrastructure, among other sectors, Japanese investment in the kingdom was valued at $1.6 billion in 2017, according to the Council for the Development of Cambodia (CDC). ...

Some 300 villagers representing over 6,800 families delivered a slew of petitions to the Council of Ministers and Ministry of Land Management on Monday demanding resolution to longstanding land disputes affecting about 19,000 hectares over four provinces. ...

A senior official at the Ministry of Land Management, Urban Planning and Construction appealed yesterday to institutions, private companies and related parties to help increase public housing for low and middle income families. In the first annual national forum on housing yesterday, Chhan Saphan, a secretary ...

The Ministry of Transport has started checking trucks traveling along National Road 6 to ensure they conform to legal size and modification requirements, it announced this week. According to a post on the ministry’s Facebook page, mobile inspection teams were deployed in Kampong Cham province to ...

Cambodia continued to improve its business environment over the past year, according to the World Bank’s “Doing Business 2017” report that measures the regulations that enhance business activity and those that constrain it in 190 countries. The World Bank made this assessment despite the Kingdom’s ...

The first ever smartphone tax app is set to be launched next year in an effort to make tax payments by companies more transparent. The app developed by the General Department of Taxation (GDT) of the Ministry of Finance and Economy, is a platform for individuals ...

Foreign Affairs Minister Prak Sokhonn on Friday warned the UN’s Office Of High Commissioner for Human Rights (OHCHR) in Cambodia against criticizing government decisions, deeming it disrespectful to the nation’s sovereignty. ...

Agriculture Minister Veng Sakhon yesterday defended his ministry amid complaints by farmers of low yields during dry season, rising costs of production and a lack of markets to sell their produce, saying that other ministries and sectors also shared responsibility. ...

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...

Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. ...

Tourists wanting to visit Asia’s answer to Las Vegas will be able to fly from Preah Sihanouk province to Macau after Cambodia Angkor Air unveiled the new route yesterday. ...

The Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday announced it will ban all imports and agricultural pesticides containing the fungicide Tricyclazole in response to the strict new Maximum Result Limit set by the European Commission. ...