Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...

The Royal Government of Cambodia (RGC) has approved special incentives for 25 projects in Preah Sihanouk province, including 12 projects for completing unfinished buildings, 12 new projects and one expansion project, with a total investment budget of $917 million. ...

Open Development Cambodia (ODC) has published a new map layer of targeted districts of the implementation plan for the social accountability framework (I-SAF) on the interactive map, under the map category of “Government”. This the spatial representation of the districts which have been selected to implement ...

In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...

Cambodian Prime Minister Hun Sen pushed ahead with forming a new government on Tuesday and said he had rejected a demand from the main opposition party, which says it won July’s general election, to be given senior positions in parliament. Hun Sen told reporters that, ...

A new set of prakases tacked onto a law that regulates overseas employment recruitment agencies is a “step in the right direction” towards protecting some of Cambodia’s most vulnerable citizens from scams and abuse, local and international NGOs said yesterday. But some remain unconvinced that the ...

Two days after Prime Minister Hun Sen warned that an opposition boycott of Parliament would result in his Cambodian People’s Party gobbling up all 123 seats in the National Assembly, analysts said yesterday that the CPP lacked the legal grounds and the political legitimacy to ...

Enforcing a new ban against hanging posters and distributing promotional leaflets in Phnom Penh, police detained three Smart Mobile promoters while they were distributing flyers ahead of a music concert Tuesday, a company representative said. Boeng Trabek commune police chief Nheng Samoeun said that he ...

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 ...