The Cambodian government expects U.S. oil major Chevron Corp. CVX -0.53%to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday Chevron discovered commercial resources ...

Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...

In a bid to ease the collection of the recently introduced tax on properties worth more than $25,000, The Ministry of Finance has launched an online service to help people get the forms they need to pay the tax. In a statement released last week, the ministry said ...

An assistant to former US president Bill Clinton said Cambodia has many potential areas for foreign direct investment (FDI) from many countries, including the US. Karen Tramontano, founder, along with Clinton, and president of the Global Fairness Initiative and CEO at Blue Star Strategies, met with ...

After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...

Union representatives stormed out of negotiations and continued a strike yesterday when managers at T&K Garment factory said workers would never receive the 2,000 riel ($0.50) daily lunch allowance allegedly promised to them. A week after they walked off the job, T&K workers at Por Sen ...

The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...

The Asian Development Bank (ADB) was established in 1966 which headquarter is in Manila and currently has 68 members under its institution. The ADB aims to assist members and partners by providing loans, technical assistance, grants, and investments to promote socio-economic development.1 The ADB has ...

Prime Minister of Cambodia, Hun Sen, and other Cambodian Ministers were at the Aid for Trade Global Review 2019. Photo by World Trade Organization (WTO), taken on 03 July 2019. Licensed under CC BY-SA 2.0.After two decades of strong economic performance, Cambodia moved into the ...

Cambodia’s education system is structured into a 6+3+3 formula -students spend their first 6 years in primary school (grades 1–6), followed by 3 years in secondary school (grades 7–9)  and 3 years in high school (grades 10–12) before sitting the diploma examination.79 Cambodian students are ...

Minerals from Halpern Mineral Collection, San Francisco, Photo by Eric Hunt taken on October 21 2006. License under: CC BY-NC-ND 2.0Many of Cambodia’s mineral resources are undeveloped, with most production concentrating on construction materials such as crushed stone, sand, gravel and limestone.131There is currently no ...

On​ 8​ May​ 2018,​ the​ Ministry​ of​ Industry​ and​ Handicraft​ showed​ the​ results​ of​ in-field​ testing​ and​ testing​ in​ laboratories​ of​ the​ Ministry​ of​ Industry​ and​ Handicraft​ related​ to​ the​ case​ of​ rice​ wine​ and​ water​ poisoning​ in​ Prek​ Te​ stream​ in​ Sre​ Non​ village​ ...

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...

The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...

Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...

Deforestation and Cambodia’s strong economic growth have resulted in an increase in the price of charcoal, an energy source the poor are dependent on, charcoal vendors say. The price of charcoal in Phnom Penh had increased at least 200 riel ($0.05) a kilogram compared to 2012, charcoal ...

High production costs and a lack of government assistance is keeping rice farmers near the poverty line despite unprecedented growth in the sector, according to a new study released by local microfinance institution Intean Poalroath Rongroeurng (IPR). The independent study, conducted by two Cambodian researchers ...

Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the ...

Electricite du Cambodge director Keo Rattanak said on Saturday that the stalled Chinese-backed hydropower project in Koh Kong province’s Areng Valley has set back Cambodia’s plans to become energy self-sufficient. Rattanak, who was speaking at a gathering for soldiers in the Odar Meanchey province, singled out ...