The National Bank of Cambodia (NBC) on Thursday slammed a report on predatory lending in the Kingdom by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), which was released on Wednesday, as “flawed”. The report, entitled Collateral Damage, claimed that increasing levels of ...

Now that the newly appointed EU Ambassador to Cambodia Carmen Moreno has landed in the country, she will be able to see for herself the reality in the Kingdom even as the possible withdrawal of the ‘Everything But Arms’ (EBA) agreement awaits its conclusion, analysts ...

Cambodian officials have defended the government’s record on the forestry sector, despite the publication this year of several substantive reports alleging that deforestation is accelerating due to policy failures. In response, Sophalleth echoed previous comments by the prime minister, insisting that once deforested land is ...

Prime Minister Hun Sen has called environmental activists objecting to the construction of hydropower dams in Cambodia “extreme” insisting that such developments would benefit millions of people.His remarks came on Wednesday during the inauguration of a dam located on the Tatay river in Koh Kong ...

City Hall yesterday announced the preparation of infrastructure for a controversial road construction project in the Boeung Kak area near the Alserkal Grand Mosque, the largest mosque in the Kingdom, to avoid traffic jams and flooding in the area. The pilot project, inveiled in 2012, plans ...

The leaders of two of Cambodia’s biggest donors, China and Japan, will attend the up coming Asean and East Asia summits in Phnom Penh next week, Prime Minister Hun Sen confirmed during a speech in Siem Reap province yesterday. “China Prime Minister [Wen Jiabao] will arrive ...

State-owned Telecom Cambodia (TC) and Vietnam Telecom International (VTI) on Friday jointly launched Super Highway Telecom Network in order to improve Internet and telecom services in Cambodia and to meet customer’s demands, said a joint press release. The 260-kilometer super highway link connects VTI’s POP (Point ...

Former Adamus Resources executives Milan Bojanjac and Ron Heeks are plotting a return to the Australian bourse, through a deal with the Charlie Bass-backed Geopacific Resources. In a deal it said would give it access to a substantial land- holding in Cambodia, Geopacific announced plans for ...

Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates. While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce ...

The Cambodian Government has agreed in principle with Rubber Industry Smallholders’ Development Authority (RISDA) to open 20,000 hectares of rubber estates in that country on a joint venture basis, its Chairman Tan Abdul Tamby said. The former Melka chief minister said the Federal Government through the ...

The National Assembly of Cambodia on Friday ratified the agreement on maritime transport between the Association of Southeast Asian Nations (ASEAN) and China, saying the agreement is essential to develop trade and economic ties between ASEAN and China. “The agreement aims to facilitate and foster ...

Both the National Assembly and the Constitutional Council of Cambodia, the highest legal authority in the land, convened closed-door meetings Thursday during which they decided not to reinstate opposition leader Sam Rainsy as a voter and parliamentary candidate for Sunday’s national election. According to a copy ...

The pumping of sand and filling in of lakes and marshy areas prone to flooding, with the eventual aim of creating the Chroy Changvar Satellite City, will be completed in the fourth quarter, according to Overseas Cambodian Investment Company (OCIC) sources associated with the development. Meanwhile, ...

Three rights monitors were called in for questioning by Mondulkiri provincial police after they filed an attempted murder lawsuit against a land concessionaire employee last week, claiming they were violently denied access to an area under investigation for forest crimes, Adhoc said yesterday. Adhoc provincial coordinator ...

The number of Cambodia’s outbound travelers increased by 10 percent year-on-year to 871,000 last year, a report of the Ministry of Tourism showed Tuesday. Ang Kim Eang, president of Cambodia Association of Travel Agents, which represents about 220 tour and travel companies, said most of Cambodian ...

Local entrepreneur Ki Chong Tran believes he has the solution to many of Cambodia’s problems. On March 1, Tran submitted what he described as a “long-held weight off his chest” – a six-page proposal to the New York-based Bitcoin Foundation outlining all the ways the ...

The amount of land used to grow longans has doubled in the past two years, but a lack of supply-chain infrastructure is hampering farmers’ ability to get top dollar for their product, the fruit’s body says. Sreng Sreang, deputy director of the Pailin Longan Farmers’ Community ...

Bangladesh and Cambodia have decided to set up a joint commission to boost bilateral relations and conclude bilateral agreements on agricultural and cultural cooperation, investment promotion and protection. The agreements will be inked during Cambodian Prime Minister Hun Sen’s three-day official visit to Dhaka beginning on ...

Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the casino, according to a press release Thursday. The gaming ...

The ruling Cambodian People’s Party (CPP) has issued nine points of its policies for upcoming local council Election which will be held on May 18, 2014. According a statement issued on Saturday, the policies included a promise to increase the monthly salary to 1,000,000 riel or ...