Prime Minister Hun Sen yesterday confirmed official announcements made on Monday that about 70,000 cubic meters of timber confiscated by the National Anti-Deforestation Committee (NADC) would be put up for auction, reneging on his previous statement that the timber would go to the Education Ministry ...

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

Environment Minister Say Samal, known for his outlandish and at times false claims about illegal logging and deforestation in the Kingdom, said yesterday that his ministry was collaborating with officials in Vietnam and China – two of the largest buyers of precious Cambodian wood – ...

Trade officials from Cambodia and Thailand will begin two days of talks in Bangkok tomorrow in an attempt to boost bilateral increase by 30 per cent per year over the next five years, including drawing more investment from third countries in special economic zones (SEZ), ...

The government will spend $62.3 million to buy 623 shares of the China-led Asian Infrastructure Investment Bank (AIIB), paving the way for it to obtain funds from the bank for infrastructure development, Minister of Economy and Finance Aun Porn Moniroth confirmed during a meeting at ...

Plaza Premium Group, the Hong Kong-based company that opened its first lounge in Cambodia at Phnom Penh International Airport last month, will open its second lounge in Siem Reap airport by the end of next month, according to the firm that manages the Kingdom’s three ...

Thai Princess Maha Chakri Sirindhorn will travel to Cambodia for a three-day official visit next week, where she will meet with King Norodom Sihamoni, Prime Minister Hun Sen and attend multiple groundbreaking ceremonies at schools in Kampong Speu and Kampong Thom provinces, according to a ...

Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...

Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...

Angkor Gold Corp., a Canada-based mineral exploration company with operations in Cambodia, has completed its exploration and analysis of ground samples at its Koan Nheak site in Mondulkiri province. Around 31.8 grams per ton (g/t) of gold were found in the samples, according to a ...

Unions are still seething at the new minimum wage figure for garment and footwear industry workers – which the government decided to raise by only $13 per month last Thursday – but stopped short of saying they would organize protests out of a fear for ...

Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...

Pardoned terrorist and political hopeful Sourn Serey Ratha returned from years of self-imposed exile Thursday, touching down at Phnom Penh International Airport to a muted welcome from a couple of hundred supporters, some of whom knew little about why they were there and came because ...

Officials from the ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party say they will continue political talks, despite last week’s assault of two opposition lawmakers and the removal of Rescue Party Vice President Kem Sokha from his senior post at the National ...

Chinese Investors from Sichuan Province in Western China are seeking out investment opportunities in Cambodia, a senior official from the China Council for the Promotion of International Trade (CCPIT) Sichuan Council said yesterday at a meeting in the capital. Investment would be focused on infrastructure ...

Swiss ambassador to Cambodia Ivo Sieber pledged his country’s continued support of Kantha Bopha Hospital yesterday, mentioning that almost half of the hospital’s funding comes from the Swiss government. The promise was made during Amb. Seiber’s meeting with Foreign Minister Hor Namhong at the Foreign ...

The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...

Prime Minister Hun Sen yesterday asked China to consider Cambodia’s rice stocks as part of its effort to distribute food relief to other countries. The request was made during a meeting between the premier and Ho Hau Wah, Vice-Chairman of the Chinese People’s Political Consultative Conference ...

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 ...

Svay Rieng Provincial Court has summoned eight members from a group of 200 villagers who occupied land at the centre of a long-running dispute with a development company on Wednesday. The villagers from Ampil commune in Romeas Hek district have been ordered to clarify their actions ...