Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

Cambodia is facing a grave labor shortage due to the large number of workers seeking jobs in Thailand, Prime Minister Hun Sen said yesterday, urging employers to help reduce illegal migration by improving working conditions at home. Mr. Hun Sen also applauded growing Japanese investment in ...

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

A group of local property agents has initiated a monthly gathering for real estate professionals and those interested in the industry to meet and share business ideas and industry insights. The first of the monthly gatherings, known as Real Estate Monday, was held this week at ...

Three days after it went out, power had yet to be restored to large parts of Siem Reap province yesterday, badly impacting local businesses in the popular tourist hub of Siem Reap City and seeing a rush of people to buy generators. The power failure followed ...

Cambodia’s Ministries of Labour and Tourism on Wednesday jointly launched a new regulation for protecting the occupational safety, health and labour rights of entertainment workers. “The regulation aims to improve working conditions, occupational safety and health rules of entertainment service enterprises, establishments and companies,”said a ...

The collective power of agricultural co-operatives could bring huge benefits to poor, small-scale farmers, a Phnom Penh conference for international World Food Day heard on Friday. The sentiments were shared by the director of Cambodia’s General Directorate of Agriculture, So Khan Rithy Kun, who said farming ...

The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...

The production of animal feed may be lucrative for family-run businesses, but production is failing to meet the local market’s demand, said industry experts. Ros Limhy, National Agriculture adviser for the Ministry of Agriculture, Forestry and Fisheries’ Tonle Sap Poverty Reduction and Smallholder Development project, and ...

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...

Cambodia has always been a source for a broad variety of raw materials  from the agricultural sector. The country exports many of these materials to neighbouring countries and other markets in the world – without turning them into new products. This lack of domestic processing has ...

The price of gasoline rose to a 5800 riel ($1.44) per liter Monday, a 14 percent rise since the beginning of the year. Economists and businesses yesterday said the high prices are having a negative impact on the economy, as everything from transportation companies to ...

Cambodia’s lone strawberry farmer has expanded his operations in Mondolkiri province in the past four months to encompass 3 hectares of strawberry fields, a provincial official said yesterday. Heng Sokhum, chief of Mondolkiri provincial agricultural department, said that the strawberry farm of Te Duong Dara ...

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...

The World Bank said Wednesday that Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127. ...

A small-scale sand dredging business on the banks of Sraeng lake in Banteay Meanchey’s Teuk Cho commune was shut down yesterday by Preah Net Preah district authorities after it was found to be operating without a license, according to district governor Ly Sovannarith. ...

Thai executives are encouraging their government to build business centers in Cambodian provinces that border the country, as well as in its other ASEAN neighbors, according to Thai media reports. ...

With rebuke raining down on the ruling CPP for its judicial assault, arrests and intimidation of the political opposition and other critics, Cambodia’s annual assessment by the U.N. Human Rights Council will be held next week in Geneva. ...

The growth of new enterprises across many different sectors in Cambodia is driving the rapid growth of insurance premiums and policy holders, the head of the Kingdom’s insurance industry body said yesterday. ...