In an epic, six-hour address in september, Prime Minister Hun sen apologized for the government’s many “problems” and promised a more reformist government over the next five years of his rule. Targeting corruption, deforestation and the lack of transparency across government sectors, the prime minister made ss='cambodia-color'>...

Cambodia’s banks should be largely spared the heavy damages already seen in many parts of the Kingdom’s economy, officials said yesterday, though microfinance lenders will feel some impact. Minister of Economy and Finance Keat Chhon last week revised downward the government’s gross domestic products for 2011 ss='cambodia-color'>...

The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries’ good relations, said officials Friday. Cambodia attracted China’s investments of 1.19 billion U.s. dollars in 2011, up 71 percent from ss='cambodia-color'>...

Prime Minister Hun sen yesterday hit back at claims that China had influenced Cambodia’s actions as chair of Asean, insisting that the visit of Chinese President Hu Jintao last weekend was not related to this week’s Asean summit. speaking at the closing of the summit at ss='cambodia-color'>...

The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ss='cambodia-color'>...

Acleda Bank has signed a $Us10 million loan agreement   with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ss='cambodia-color'>...

About 40 families in Phnom Penh’s Meanchey district are disputing local authorities’ demand that they abandon their homes without compensation so the government can increase a nearby canal’s capacity. The residents, who were asked on september 28 to vacate their homes within a week by Meanchey ss='cambodia-color'>...

Prime Minister Hun sen said yesterday that the government has no role in setting the minimum wage, as Cambodia is a market driven economy, and shot down unnamed people who have been calling for the government to significantly raise the country’s floor wage of $61. “For ss='cambodia-color'>...

Forestry Administration officials in Banteay Meanchey province have confiscated and continue to hold equipment valued at $1.5 million from a troubled biofuel plantation without any legal backing, an official in the provincial governor’s office said. Bulldozers, steamrollers and dump trucks were confiscated last month from a ss='cambodia-color'>...

At some point during the planting season this year, Pheap srey Ngoun will leave her garment factory floor for a rice paddy in Cambodia’s Prey Veng province. Like many fellow garment workers she will leave her position, with permission from the factory, to lend a hand ss='cambodia-color'>...

Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ss='cambodia-color'>...

The Phnom Penh Municipal Court yesterday charged and then immediately sentenced 13 women embroiled in a long-running land dispute with CPP senator Lao Meng Khin’s private company to two-and-a-half years in jail. The women, which included Heng Mom and Tep Vanny, were among the leaders of ss='cambodia-color'>...

[The] Construction sector has attracted a total investment of 868 million U.s. dollars in the first six months of 2012, up 36 percent from 37 million U.s. dollars at the same period last year, a report from the ministry of land management, urban planning and ss='cambodia-color'>...

The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.s. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ss='cambodia-color'>...

As part of its plan to become of the world’s top exporters of rice, Cambodia is looking to increase its rice shipments to the United Arab Emirates, one of the world’s main milled rice importers. Cham Prasidh, Minister of Commerce, met with delegates and businessmen led ss='cambodia-color'>...

The European Parliament, representing one of the country’s largest donors, on Friday called for a moratorium on forced evictions, an overhaul of elections and even went so far as to suggest to the European Union that it suspend tariff-free imports of agricultural goods linked to ss='cambodia-color'>...

With Myanmar’s telecom industry showing signs of gradually opening, operators in Cambodia’s overcrowded telecom market see opportunities for potential investment. But in stride with the market’s latent potential come challenges, industry experts say, and lessons learned locally need to be applied overseas. “Myanmar remains one of the ss='cambodia-color'>...

Representatives of nearly 200 ethnic Kreung families living in Ra­tanakkiri province’s O’Chum district on Tuesday filed a complaint with local rights group Adhoc, accusing a Vietnamese rubber company of clearing their ancestral land, local officials and a rights worker said. Chhay Thy, provincial investigator for Adhoc, ss='cambodia-color'>...

Residents of a village in the middle of Cambodia’s Tonle sap “Great Lake” live surrounded by water, but don’t have enough access to clean water for drinking, cooking, and washing. The Tonle sap, a combined lake and river system that swells in the rainy season to ss='cambodia-color'>...

The Cambodian Center for Human Rights yesterday expressed concern at a recent spate of land disputes coming on the heels of last month’s vote, and questioned whether campaign promises of resolving the Kingdom’s ongoing land issues had been forgotten now that the election has passed. The ss='cambodia-color'>...