Cambodia’s illegal loggers will soon have a potentially powerful new foe: a pair of NASA satellites with a keen interest in what they’re up to. Researchers at the University of Maryland in the U.S. say an innovative new system that picks up signs of forest loss ...

Hun Sen’s Cambodia has been shaped by the collection of illegal timber dollars, profiting a politically connected elite and in turn ensuring the ruling party’s grip on the state apparatus, a leading Australian researcher has said. Sarah Milne, a research fellow at the Australian National University, ...

Cambodia’s first coal-fired power plant, which is expected to fill shortages in demand by producing an additional 100 megawatts of electricity every year, commenced full-time operations yesterday. Representatives from Malaysian company Leader Universal Ltd (LU), which built the plant, joined Prime Minister Hun Sen and ...

Delegates from the Import-Export Bank of China will visit Cambodia next week to discuss loans for the rice-processing and exporting sector, according to government officials. Son Kunthor, president of the state-owned Cambodian Rural Development Bank, said yesterday that Chinese delegates will come to study the feasibility of ...

A World Bank-supported rubber company accused of land grabs has suspended some of its projects, as an investigation by the Bank continues. The Hoang Anh Gia Lai company, which received support from the Bank’s International Finance Corporation, said in a decision following an April 2 ...

CIMB Bank plc, which aims to be among the top 10 Banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end. Its deputy general manager and head of commercial Banking ...

Cambodia, in its role as Asean chair, has decided that the thorny issue of the South China Sea will not be on the agenda at next month’s Asean Summit in Phnom Penh, CPP lawmaker Cheam Yeap announced yesterday. “Cambodia is a neutral country, and based on ...

Singapore-based Phillip Bank announced yesterday that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. ...

With mobile money transfer services such as Wing and True Money continuing to spread their agent-based networks into rural parts of the country, local banks are increasingly leveraging their branch locations and ATM presence to provide a similar service through “Cash by Code”. ...

Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...

National Bank of Canada attributed its 5.5 per cent jump in fiscal third-quarter profit to its acquisition of Cambodia’s Advanced Bank of Asia Ltd. (ABA Bank) earlier this year. ...

Acleda Bank Plc., the country’s largest commercial Bank by branches, has seen rapid growth in online transactions – now about $500,000 a month – since it launched its e-commerce payment gateway late last year, a senior executive at the Bank said yesterday. ...

Acleda, a leading commercial bank in Cambodia, and Forte Insurance (Cambodia) signed an agreement on Friday on general insurance and micro insurance and agreed to establish a basic framework to cooperate and promote a range of insurance products. ...

Kasikornbank (Kbank), one of the largest banks in Thailand, officially unveiled its first branch in Phnom Penh with the aim of offering financial services to local businesses as well as corporate and retail customers. ...

There is a simple reason why Maybank has been named the most innovative bank in Malaysia, explains the CEO of its Cambodian subsidiary. “We have observed that innovation has no borders,” says Ms. Cynthia Liaw in her office at the bank’s headquarters on Norodom Blvd.​ ...

Acleda Bank spent about $1 million to produce 800,000 new ATM cards with EMV chips to enable them to be used globally and also to mitigate the risk of fraud, said the Bank’s president and group managing director on Friday. ...

Public and private universities are experiencing an exponential rise in the number of students opting for two-year associate degrees rather than four-year bachelor’s programs following last year’s disastrous high school exit examinations, education officials said yesterday. ...

Instructors at the Royal University of Phnom Penh have just finished the first academic year of a landmark physics course. Launched in the fall of 2012, “Renewable Energy and Applications” aims to train students so they can seek internships and jobs in one of Cambodia’s fastest-growing ...

After being found guilty yesterday, the Phnom Penh Municipal Court handed four men prison sentences and fines for their involvement in a smuggling ring, which brought more than two and a half tonnes of illegal cold medicine into the Kingdom from South Korea. Both men ...

Cambodia and Myanmar have reiterated their support for a peaceful solution to the territorial disputes involving China and several Asean countries in the South China Sea after a meeting between Prime Minister Hun Sen and Myanmar’s newly appointed ambassador to Cambodia. ...