The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ss='cambodia-color'>...

Astra Resources, parent company of Australia’s Astra Mining, will finalise within two months the acquisition of a 222-square-kilometre gold concession in Cambodia’s Ratanakkiri province, the company announced yesterday. Astra, which listed on the Frankfurt stock Exchange september 30, is aiming for large and speedy gold production ss='cambodia-color'>...

The Ministry of Commerce is planning a meeting with public and private actors to discuss the revocation of the European Union’s Everything-but-arms (EBA) deal and to find ways to diminish its impact on the economy, the ministry said in a press release. The ministry’s statement, ss='cambodia-color'>...

On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance. Presenting on the ministry’s latest report during a public forum on macroeconomic management and the ss='cambodia-color'>...

As 179 countries across the globe celebrated World Population Day on Thursday, Prime Minister Hun sen announced the government’s commitment to achieving the UN’s 2030 sustainable Development Goals. He also acknowledged that Cambodia still faced some major challenges. The 30th World Population Day marked the 25th ss='cambodia-color'>...

The head of Cambodia’s Anti-Corruption Unit (ACU), Om Yentieng, has apologised for suggesting that the Kingdom’s traffic police might be corrupt.Yentieng’s about-face came yesterday at a public meeting about the new Traffic Law – which goes into effect today – attended by Deputy Prime Minister ss='cambodia-color'>...

King Norodom Sihamoni ordered laSt week that the Phnom Penh boundarieS be expanded to include portionS from neighboring Kandal province in a bid to improve the city&rSquo;S development.&nbSp;In a royal decree dated November 11, but only releaSed on November 21, King Sihamoni ordered the government SS='cambodia-color'>...

Champagne greeted the movers and shakers at the highest level of Cambodia’s tallest building yesterday in a ceremony that marked substantial completion of the structure of Vattanac Capital Tower. Designed in the shape of a dragon with particular attention to the Chinese art of placement for ss='cambodia-color'>...

Cambodia’s General Department of Taxation unveiled on Friday that the country collected 395 million U.s. dollars of tax in the first five months of this year, up 24 percent year on year. In May alone, the department collected 73 million U.s. dollars, up 4 percent ss='cambodia-color'>...

The opposition Cambodia National Rescue Party (CNRP) on Wednesday questioned the sincerity of Prime Minister Hun sen’s party in efforts to resolve a 10-month political standoff amid an impasse in negotiations to reform the country’s electoral body following disputed polls. The CNRP’s Deputy President Kem sokha ss='cambodia-color'>...

Lagging demand from foreign buyers has led to Cambodian rice being stockpiled at the country’s mills, according to the head of the country’s peak rice body. sok Puthyvuth, president of the Cambodia Rice Federation (CRF), said that with exporters receiving fewer orders, the country’s larger rice ss='cambodia-color'>...

In a report released yesterday, local election-monitoring organisation Comfrel accuses the ruling Cambodian People’s Party of stifling the opposition Cambodia National Rescue Party’s campaign for district, provincial and municipal council elections. Comfrel cited the closure of Phnom Penh’s Freedom Park to would-be campaigners, and the ss='cambodia-color'>...

Cargo volumes at Cambodia’s two largest ports increased steadily during the first three months of the year, signalling stability in the Kingdom’s economy, port officials say. Data from sihanoukville Autonomous Port (sAP), Cambodia’s largest shipping dock, showed more than 860,000 20-foot-long shipping containers passed through the ss='cambodia-color'>...

Cambodia recorded a trade deficit of 1.14 billion U.S. dollarS in the firSt five monthS of 2014, a lateSt report by the MiniStry of Commerce Showed WedneSday. Total trade value jumped to 7.32 billion U.S. dollarS during the January-May period thiS year, an increaSe of 17 SS='cambodia-color'>...

Electricite du Cambodge (EdC) has announced an $84.5 million project that will see the Vietnamese border town of Bavet connected to the Kingdom’s power grid. EdC representatives told media on January 15 that the Chinese government will in part fund the power grid expansion from Kandal ss='cambodia-color'>...

Minister of Labour Ith sam Heng yesterday postponed his ministry’s Labour Advisory Committee’s decision on Cambodia’s garment sector minimum wage from Friday until next month, leaving some optimistic and others dubious. In the original schedule, the minimum wage for 2015 was slated to be set in ss='cambodia-color'>...

Cambodian unions have warned of possible strikes after a tripartite working group voted down their demand for a U.s. $40 increase in the monthly minimum wage for garment factory workers. Twenty-seven representatives of unions, factory owners and the government decided in a secret vote in Phnom ss='cambodia-color'>...

A new private radio station aimed at indigenous communities in the country’s northeast was officially launched in Ratanakkiri province’s Banlung City on sunday after carrying out a series of trial broadcasts last month. Radio Wild Flower will air daily shows in the ethnic minority Kreung, Tompuon ss='cambodia-color'>...

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the Us dollar, a senior banking official said on Tuesday. speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea ss='cambodia-color'>...

The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ss='cambodia-color'>...