When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

The total amount of claims paid out by local insurance firms during the first nine months of the year have tripled to more than $11 million compared to the same period in 2011 According to data from General Insurance Association of Cambodia (GIAC), paid claims grew ...

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ...

Unions aligned with Prime Minister Hun Sen’s government issued a statement Wednesday calling on it to “take action” against union leaders who they accuse of inciting workers to hold strikes and violent demonstrations. “We would like to request [CPP Labor Minister] Ith Sam Heng to take ...

Cambodian government has revoked licenses of economic land concessions of three companies in Koh Kong, Preah Sihanouk and Kampong Speu provinces, according to sub-decree. The sub-decree dated October 7 said 1,635 hectares of economic land concessions have  been taken back from Vimean Seila LTD, Vatanak Co., ...

On the post office square, a beautiful Art Deco building now houses the restaurant Van, an insurance company and the offices of the AFD (French Development Agency). An inquiring mind will not fail to notice on the gates the presence of little medallions with the ...

Officials at the Ministry Of Labor who mediated talks Wednesday between the management Of SL Garment Factory and union leaders who have led a three-month-long strike at the factory said that they would send the results Of the meeting to Prime Minister Hun Sen to ...

Prime Minister Hun Sen called for renewed effort to wipe out malaria in Cambodia by 2025 in a message to mark World Malaria Day on Tuesday. There were 23,627 cases of malaria in the country last year, a decrease of 54 percent compared with 2015, which ...

Rong Chhun, president of the Cambodian Independent Teachers Association, said yesterday he had been successful in postponing a meeting with the Ministry of Interior about his association, which has come under fire for allegedly engaging in political activities. ...

Interior Minister Sar Kheng said Thursday that the government is still considering an Australian government proposal to take in asylum seekers intercepted while trying to reach the country. Speaking on the sidelines of a ceremony to swear in the heads of the new general departments of ...

Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday. Speaking at the tourism industry’s three-day expo on Phnom Penh’s Koh Pich island on Wednesday, Mr. ...

Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...

Insurance sales have grown by 37 percent in the first half of the year, totaling $56 million, the Insurance Association of Cambodia (IAC) announced in a report Tuesday.  The increase, up from $40.9 million for the same period last year, has been driven by a ...

Cambodia will sign a rice trade Memorandum of Understanding (MoU) with Indonesia in August under which Indonesia will purchase 100,000 tons of rice from Cambodia annually. The deal is expected to boost Cambodia’s rice exports and help the country achieve its target of exporting one ...

Businesses registered in Cambodia have until the end of the month to pay their annual property tax to the country’s General Department of Taxation (GDT). According to the GDT, business owners must pay by September 30 to avoid being fined. ...

The National Election Committee says voters will use stamps instead of pens for the next election in a bid to eliminate disputes over incorrectly marked ballots. NEC president Sik Bun Hok said on Friday that stamps would prevent a repeat of problems that arose at June’s ...

The Cambodian government says it has no plans so far to carry out a lawsuit against the opposition for damages from violent demonstrations in January. The Ministry of Interior has released a report, claiming $72 million in public and private damages, including to 95 different factories, ...

Thailand’s ambassador to Cambodia was formally summoned on Friday to the Foreign Affairs Ministry over the shooting death last week of a Cambodian man who was among nine allegedly caught by soldiers cutting down forest across the country’s northwestern border with Thailand. ...

The fourth edition of Cambodian career fair kicked off here on Tuesday, drawing attention from thousands of university students and graduates on the first day. Carmela Torres, senior specialist on skills and employability at the International Labour Organization, said the event is very important for ...