The company that’s behind the Koh Pich bridge development is providing US $70 million to Phnom Penh city hall to improve the city’s infrastructure “All of the money that comes from the Koh Pich development is being used by city hall to develop Phnom Penh city’s ...

Three percent of the country’s rice crops have been destroyed by flooding in provinces along the Mekong River and around the Tonle Sap lake, and another seven percent is at risk of being lost, the minister of agriculture said yesterday. New government estimates also show that ...

Cambodia is unlikely to meet even half of its 2015 goal to export 1 million tons of milled rice unless export and production costs are greatly reduced and more private investment goes toward the agriculture sector, according to a new World Bank study obtained Monday. The ...

Amid mounting concerns over labor recruitment agencies’ treatment of migrant workers, new links were discovered yesterday between agencies and the officials that regulate them, as a daughter of a senior Labor Ministry official was found to be running a major recruitment firm. Nhem Chakrya, deputy director ...

About 60 Cambodian-made products have received the official Cambodian Standards (CS) stamp, officials said yesterday. Ping Sivlay, director general of the Institute of Standards of Cambodia, which designates the stamps, said most of the products were foodstuffs and that 40 additional products were still awaiting approval. ...

The government is finalizing a draft law that will aim to prevent importers from price dumping and protect local producers by allowing authorities to raise tariffs on goods, according to a copy of the draft law. In the past, local producers have been negatively affected by ...

More than 150 residents evicted from Phnom Penh’s Russei Keo district to make way for a railway rehabilitation project filed a complaint yesterday with the Asian Development Bank (ADB) office in Phnom Penh, one of two principal financiers for the project, saying their relocation site ...

Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about ...

The Ministry of Labour and Vocational Training says it will monitor the implementation of seniority indemnity payments to all factory employees in line with the new policy which comes into force this month. The ministry is also ready to impose a fine on any factory ...

The prime minister has selected 14 senior officials – all members of the ruling party – to probe the cold-case murders of three union leaders, including Free Trade Union (FTU) president Chea Vichea, though scepticism remains about the timing and motivation behind the new investigation.According ...

The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...

New government estimates on this year’s rice production and forecasts for next year’s crop may be overly optimistic, industry experts say, factoring in the impact of a drought that damaged crops and is expected to carry over into the next dry season harvest.The Ministry of ...

The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...

The Joint UN Programme on HIV/AIDS (UNAIDS) said new HIV infections have been reduced by 95 per cent in Cambodia since their peak in 1997. A report by UNAIDS pointed out that 880 people were newly infected with AIDS last year, compared to 16,500 in 1997. ...

About 100 Indian businessmen and government officials gathered in Phnom Penh yesterday for the official launch of the Indian Chamber of Commerce (ICC) in Cambodia. Speaking at the launch the ICC president, Debasish Pattnaik, said that since the new organization registered with the government in February, it has gained 54 ...

China’s dam building spree on the upper Mekong River raises new tensions over water resources Vietnamese President Truong Tan Sang obviously had China in mind when he warned recently that tensions over water resources are not only threatening economic growth but presenting a source of conflict Cambodia, ...

Philip Hampden-Smith, general manager of Southeast Asia operations at Manulife, talks about the company’s entry into the Cambodian market and what the new few years might bring. Cambodia’s nascent life insurance industry may be just only a year old but the nation of nearly 15 million ...

Pharmaceutical giant Thai Nakorn Patana plans to invest $30 million over the next two years in a three- to four-star hotel in Phnom Penh, as it hopes to cash in on the lack of big names in the capital’s mid-tier hotels market. For the new 200-room ...

Total fixed assets of Singaporean investment in Cambodia last year reached $82.7 million, a 500 per cent increase from $13.8 million in 2011, data from the Council for the Development of Cambodia (CDC) show. Singaporean entrepreneurs who have already entered the Cambodian market said they expect ...

The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...