Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ...

Fifty families who have lived in squalid conditions at Borei Keila in the capital’s Prampi Makara district since they were evicted and their homes destroyed have accepted City Hall’s offer of temporary shelter at the site, their representatives said yesterday. Evictee Sar Son said the 50 ...

The extent of the devastation of Cambodia’s forests was brought into sharp relief as 2013 drew to a close, with a series of detailed maps and satellite data released by NGOs showing the drastic depletion of the Kingdom’s woodland ecosystems. Images released by Open Development Cambodia ...

Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...

The governor of Phnom Penh’s Chroy Changva district Wednesday ordered the private firm heading a $3-billion real estate project on the peninsula to temporarily stop pumping sand onto land being contested by about 40 local families, but urged the families to reconsider the compensation on ...

A senior official of the Cambodian government on Saturday welcomed Chinese Premier Li Keqiang’s pledge of 3.09 billion U.S. dollars aid to the Greater Mekong Subregion (GMS) member countries, saying the offer is essential for socio-economic development and poverty reduction. The offer includes 1 billion ...

Cambodian Government officials, along with staff from the United Nations World Food Programme (WFP), are visiting South Korea on a study tour aiming at strengthening Cambodia’s school meals programme. ...

In an internal report released this week, the Ministry of Education gave itself high marks for the access to education it offers disabled children, offering a rundown of successes in the field dotted with green checkmarks, not unlike a school report card. However, though the ministry ...

A Chinese railway company may conduct a feasibility study on a 700-kilometre rail line in northern Cambodia, officials and local media reported yesterday. Officials from Nanning Survey and Design Institute Co Ltd, a subsidiary of China Railway Siyuan Group, discussed the study with the Ministry of ...

For Meach Mean, a veteran campaigner against hydropower dams in Cambodia’s northeast, this year has brought a double dose of bad news. First, he says, two Chinese hydropower companies have begun feasibility studies into a pair of dams planned for tributaries of the Mekong River ...

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...

With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share. On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile ...

Nearly a week after Human Rights Watch (HRW) released a report detailing systemic labour rights abuse in Cambodia’s garment sector, the country’s garment manufacturers association fired back, criticising the study’s methodology and alleged omissions. ...

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...

Royal Media Entertainment Co. Ltd., a joint venture between local conglomerate Royal Group and Russian General Satellite Co., announced yesterday that it has launched the country’s first digital pay-television service, ONE TV. Offering promotional subscription rates between $3 and $12 a month, services will begin in Phnom ...

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...

Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the ...

The Ministry of Environment has signed two memoranda of understanding (MoU) – one with the UK’s prestigious Royal Botanic Garden, Kew, and the other with development partners – to conserve biodiversity and research wild orchids in Cambodia. ...

The feasibility study of a navigation and logistics project to link the Bassac River in Phnom Penh to a “seaport” in the Kampot-Kep region shows that there are no technical, environmental or legal issues, according to the transport ministry. ...