Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ...

Business owners in Phnom Penh’s Daun Penh district yesterday said they will not follow a government directive to close their businesses for eight days in observance of the second mourning period for the late King Father Norodom Sihanouk. The order, which was distributed on Sunday to ...

Prime Minister Yingluck Shinawatra promised on Saturday to complete a missing rail link with Cambodia to foster closer ties with the neighbouring country. Ms Yingluck inspected the damaged tracks from Aranyaprathet district in Sa Kaeo to the border with Poipet in Cambodia and directed officials ...

To enhance Cambodian rice yields, the government should encourage private development of rice-seed production and focus its efforts on farmers’ education and regulations that ensure the quality of seed, industry experts say. The Cambodian Agricultural Research and Development Institute (CARDI), under the direction of the Ministry ...

Cambodia’s Tourism Ministry said about 231,000 Chinese visited Cambodia in the first six months of the year, up 55 percent over the previous year. Cambodia received 334,000 Chinese visitors in 2012, up 35 percent year-on-year, Xinhua news agency quoted the ministry saying in a report. Kong Sopheareak, ...

Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...

Cambodia’s Ministry of Foreign Affairs has called on all embassies and consulates to accelerate visa application procedures and end all “unofficial” fees. Foreign Affairs Minister Hor Namhong said the government would crackdown on corruption related to the issue of visas. According to a Phnom Penh Post ...

Cambodia is forecast to receive 4.7 million foreign visitors in 2014, an estimated rise of 12 percent from 4.2 million in 2013, Minister of Tourism Thong Khon said Wednesday. Last year, the country’s tourism generated 2.5 billion U.S. dollars, contributing about 16 percent to the GDP, ...

Prominent businessman and Cambodian People’s Party Senator Ly Yong Phat yesterday questioned what he had done to warrant a verbal attack from opposition party leader Sam Rainsy, who said on Wednesday that the tycoon had grabbed land from people in Koh Kong province and should ...

The 7th annual Cambodia-Laos-Vietnam-Myanmar (CLMV) summit took place in Naypyitaw on Monday at the Myanmar International Convention Centre 1. According to a joint statement released at the CLMV summit, the appointees from all participating countries reviewed the progress of projects agreed upon in the previous CLMV ...

The government has formed a special inter-ministerial commission to investigate the murders of three union leaders, including the slaying of former Free Trade Union (FTU) president Chea Vichea, whose brother and successor was yesterday among voices cynical of the move. The directive, signed by Prime Minister ...

Prime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. ...

The Ministry of Education, Youth and Sports (MoEYS) has announced that the re-opening of schools has been postponed until further notice as preventive measures against the COVID-19 pandemic continues, according to a directive issued yesterday evening. ...

The Ministry of Health yesterday confirmed 1,195 test results from the third round of testing of 1,300 samples from people who came into direct or indirect contact with Hungarian delegation were negative for COVID-19.   ...

Malaysian ambassador to Cambodia Eldeen Husaini said he expects a joint military drill with Cambodia to happen next year while military courses under the Malaysian Defence Cooperation Programme (MDCP) could be brought directly to the Kingdom. ...

Local policymakers are driving Cambodia’s regional geography, young population and low labour costs to attract more foreign direct investment (FDI) as the Kingdom releases its new five-year development plan for the garment industry. ...

As the number of COVID-19 cases and hotspots related to the “February 20 Community Incident” increase day by day, more than 10,000 Phnom Penh residents have been placed in quarantine after being directly or indirectly in contact with the patients. ...

In order to stop the spread of Covid-19, nearly 30 markets across Phnom Penh and four provinces have been shut down temporarily following occurrences of infectious outbreaks of the virus directly linked to those market locations. ...

Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...

Fresh Cambodian mango exports to China – both direct and overland via Vietnam – have been slammed by a double whammy of fierce price competition with nearby countries and the re-imposition of Covid-19 restrictions in the East Asian nation amid a reported resurgence in coronavirus ...