Cambodia’s financial system appears to be shifting to excessive credit growth. The credit-to-GDP ratio has reached 37 percent, well above the low-income economies (LTCs). If credit growth were to continue at the current pace, by mid-2013 the ratio would exceed even the median for more ...

While tourism in Cambodia has historically slowed in advance of general elections, tourism leaders in the government and private sector have said they expect this year’s July elections to have little impact on tourist arrivals.  Tourism numbers dipped by 10.9 per cent for the 2003 ...

Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...

ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...

SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...

Cambodian and U.S. senior officials met here on Monday to further promote bilateral ties and cooperation. The meeting was made between Ouch Borith, secretary of state at the Cambodian Ministry of Foreign Affairs, and Scot Marciel, visiting principal deputy assistant to the United States Secretary of ...

The Cambodian government has entered into a public-private partnership with a little-known company named ALEX Corporation Co Ltd to develop power lines from plants in Preah Sihanouk province to Phnom Penh, according to the Council of Ministers. The private firm will invest $119.1 million in a ...

Cambodian Prime Minister Hun Sen left here on Thursday for a week-long visit to Japan and the two countries are expected to sign four deals including defense cooperation, a senior official said. One of them is the memorandum on defense cooperation and exchanges between the two ...

Two French nationals were attacked and robbed over the weekend in separate incidents near the National Museum at the corner of streets 13 and 178 in Phnom Penh’s Daun Penh district, police and friends of the victims said Monday. Following the two robberies, a tourism ...

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” at ...

Cambodia’s national election in July ranked 69th out of 73 elections held worldwide between mid-2012 and the end of 2013 for electoral integrity, an election research group based at the University of Sydney and Harvard University has found. The Electoral Integrity Project (EIP) collected assessments from ...

The government today will begin strict inspections of agencies that recruit workers to send overseas, Labor Minister Ith Sam Heng said Tuesday. The labor minister has previously threatened to suspend or revoke the licenses of agencies that do not comply with labor laws. Speaking at a workshop ...

The Kingdom’s fifth National Assembly is to open its second session today, more than six months after the opposition party boycotted the inauguration of parliament on September 23 and left 68 Cambodian People’s Party lawmakers to swear-in at the Royal Palace on their own. According to ...

The Cambodian government said Thursday it will not allow Vietnamese living in the country to protest Chinese incursions in the South China Sea. Khieu Sopheak, spokesman for the Interior Ministry, said Cambodia does not allow any foreigners to protest other nationalities. The spokesman made the statement ...

An International Labour Organization official yesterday called the draft of a Ministry of Labour trade union law “a step backwards” during the opening of a two-day workshop meant to hear concerns of both labour unions and employers. In a speech to worker representatives, members of the ...

Nearly a month after Cambodia’s second universal periodic review (UPR) of its human rights situation at the U.N. in Geneva, rights groups met in Phnom Penh on Thursday to discuss how they can work with the government to ensure that the 163 recommendations it accepted ...

A Chinese company is preparing a memorandum of understanding with Ministry of Commerce (MOC) pledging to buy 100,000 tons of rice from Cambodia, according to Sun Chanthol, Minister of Commerce. The intention was made clear during a meeting between the Minister of Commerce and Song Xiaoguo, ...

An ad hoc committee comprised of representatives from the European Union, the Ministry of Commerce, provincial administrations and the sugar industry met again yesterday at the ministry’s headquarters to continue its discussion of issues faced by those displaced by sugar plantations. The committee touched upon topics ...

Three people, including a former court clerk, stood trial yesterday, accused of unlawfully using court positions to conduct threats and bribery in Banteay Manchey province last year. Phnom Penh Municipal Court investigating judge Sous Sam ath said former clerk at Banteay Meanchey provincial court Suong Sok ...

The main opposition Cambodia National Rescue Party (CNRP) has suspended its participation in election reform talks with the ruling party at the senior officials level, calling instead for a meeting between opposition chief Sam Rainsy and Prime Minister Hun Sen to break an eight-month stalemate. The ...