The National Bank of Cambodia (NBC) is thinking of raising the reserve required for banking deposits. The aim is to slow inflation and lessen the chance of an economic meltdown. The NBC is considering raising the rate after inflation reached 6.5 percent in May compared ...

The dollar figure on government-approved investments in construction for the first eight months of the year increased by 92 per cent compared to the same period in 2010, according to official statistics. The Ministry of Land Management, Urban Planning and Construction approved 1,470 construction projects worth ...

Due to a lack of available tax collectors, the Ministry of Economics and Finance once again delayed collections on the 0.1 percent property tax on all immovable property worth approximately $25,000 or more, according to a ministry notice issued yesterday ...

Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi. Total trade was US$741 million, compared with $607 million in 2010. Cambodia’s exports to Hong ...

The ruling CPP is misusing state properties to further its political agenda, said the Committee for Free and Fair Elections (Comfrel) in a report that will be released today. The report said Comfrel monitors had documented 200 instances in which state properties and resources had been ...

PHNOM PENH: The 8th Cambodia-Asia Economic Forum kicked off here on Saturday, focusing on reviewing the ASEAN achievements in the past 45 years and looking at opportunities and challenges toward the realisation of an ASEAN community by 2015. The two-day forum has been attending by some ...

Increased fishing yields due to floods have led to an increase in rental fees for the Kingdom’s fishing lots compared to 2010, according to official data. Revenues from bidding on 52 fishing lots in Phnom Penh and four other provinces increased by US$735,000 year to date, ...

Representatives of 503 former railway workers protested outside the Ministry of Transportation in Phnom Penh yesterday, demanding the government pay them outstanding salaries ranging from US$2,500 to $5,000 per person. Railway workers from Battambang, Kampot, Pursat and Takeo who were formerly employed by the government, but ...

Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...

An increase in agricultural trading has caused the value of the US dollar to dip below 4,000 riel in the past three consecutive days, as there is now a higher demand for the Cambodian riel, money exchangers and an official from the National Bank of ...

The Cambodian Alliance of Trade Unions will hand out the first of more than 60,000 pamphlets to factory workers today as it encourages them to demand a significant wage increase and to strike if their plea is ignored. ...

The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...

Cambodia’s Minister of Economy and Finance Cham Prasidh yesterday said the Kingdom would push forward with efforts to eliminate development gaps among ASEAN member states during its chairmanship this year. ...

A group of Thai and International NGOs said yesterday that they supported Cambodian communities filing a lawsuit against sugar giant Mitr Phol seeking compensation and remedies over alleged human rights violations. ...

Aggrieved workers of First Gawon Apparel (Cambodia) plan to march to the offices of the Ministry of Labour and Vocational Training (MLVT) again on Tuesday, seeking a solution from the ministry in a salary dispute that has dragged on for more than five months. Heng ...

Cambodia and Los have again agreed to work together to resolve the issue of their disputed border area. This time, two countries decided to set up a coordination mechanism at the departmental level to facilitate the work, while seeking more frequent meetings between the board committees of ...

A ministry announcement yesterday said initial talks to set the parameters for the mew minimum wage were scheduled for this month and discussions between it, employers and unions will take place next month. ...

The Cambodian Mine Action Centre (CMAC) has fashioned nearly 10,000 old and damaged weapons into elephants, trucks, maps and clocks to be kept at the Peace Museum of Mine Action in Siem Reap province. It will help future generations learn about the violence of the ...

Contradicting measurements showing pollutant levels exceeding international guidelines, the Environment Ministry on Friday issued a statement claiming “there is no serious air pollution yet” in Phnom Penh. ...

More than 200 workers from Prestige Garment Co Ltd in Kandal province’s Kandal Stung district have petitioned the Ministry of Labour and Vocational Training for an intervention after the factory owner refused to reinstate their sacked representative who stands accused of intending to form a ...