Cambodia could borrow US$1.1 billion from other countries in 2012, 75 per cent more than this year, to help repair infrastructure damaged in flooding and support efforts to increase rice exports to one million tonnes by 2015, a senior official said yesterday. Cheam Yeap, chairman of ...

PRASAC, Cambodia’s largest microfinance institution by outstanding loans, planned to become a licensed commercial bank in the Kingdom, company officials said yesterday. The news comes despite calls from insiders and experts – most recently the International Monetary Fund and World Bank – for the National ...

More investment is needed as well as additional assistance for farmers if the government wants to meet its export goal of 1 million tons of rice a year by 2015, according to experts at a recent rice sector meeting in Phnom Penh. Participants said rice millers would need substantial access ...

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

Thailand and Cambodian signed an agreement for the formation of a joint business council to promote bilateral trade and investment. The memorandum of understanding was officially endorsed on Tuesday evening by Thai Prime Minister Yingluck Shinawatra and her Cambodian counterpart Hun Sen on the sidelines of ...

Outspoken land activist Kuch Veng will regain his freedom in 15 days after the Pursat provincial court yesterday handed down a guilty verdict with a one-year sentence, then suspended nearly three quarters of that term. Veng has been in prison since May 19 on charges of ...

The opposition Cambodia National Rescue Party (CNRP) leader Sam Rainsy on Wednesday said that the CNRP doesn’t recognize the newly-formed government of Prime Minister Hun Sen. Speaking at a news conference, he urged all international communities and countries of the Paris Peace Agreement to condemn “this ...

A team of 12 Chinese military experts on Thursday started offering a six-week mine clearance course to 52 Cambodian peacekeeping force. The training is being held at the Institute for Peacekeeping Forces, Mine and Explosive Remnants of War Clearance. According to the Cambodian Mine Action Authority, ...

Hundreds of families from Kratie province’s Snuol district who were promised new plots of land after a Vietnamese rubber firm evicted them last month have complained that provincial officials are allowing hundreds of interlopers to stake a claim instead. The 405 families were evicted from the ...

Following last week’s street sweep, children as young as 7 years old were kept in Phnom Penh’s notorious Prey Speu social affairs centre, eyewitnesses, staff and those targeted by the initiative have told the Post, directly contradicting government denials offered earlier this week. Standing at the centre’s ...

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...

The Japanese government will provide $18 million worth of medical equipment and supplies to the Ministry of Health to help the Kingdom fight Covid-19. It will also offer nearly $23 million in financial grants to support education and health in Cambodia, according to an announcement from ...

Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse. State-owned Phnom Penh Water Supply Authority (PPWSA) will start trading ...

In response to increased demand during lockdown, Smile Shop, a local e-shop, is offering new users a $10 discount on their first purchase for orders of $25 or more. They ensure deliveries are made between two and 12 hours post ordering in Phnom Penh. ...

A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many ...

The real salaries in the country are expected to grow 2.2 percent next year, according to the latest Salary Trends Report published by ECA International, a renowned organization that offers data on salary, accommodation, tax, labour law, cost of living as well as benefits and ...

Thais are being warned of job scams in Cambodia that could lead to them being forced into call-centre servitude, according to the Thai embassy in Phnom Penh. The embassy has advised Thais reconsider highly-paid job offers in Cambodia, as many victims have ended up working ...

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

As Cambodia’s busy tourism season approaches, domestic and regional airlines are scrambling to offer Siem Reap routes in a bid to capitalise on the growing number of visitors to the Angkor Wat gateway. In the past several months, players have entered the fray at a ...

One hundred and twenty families evicted from the Borei Keila community filed a criminal lawsuit with the Phnom Penh Municipal Court yesterday against Phanimex, the company that ordered the demolition of their homes, seeking a total of $360,000 in damages, residents said. Former resident In ...