The government will offer three-year, multiple-entry visas to Chinese and South Korean investors in an effort to make doing business easier and increase investment in the Kingdom, the premier said during the first Cambodia-China Business and Financial Development Forum in Phnom Penh yesterday. ...

Cambodia has sent about 11,940 laborers overseas in the first six months of this year, down 29 percent from 16,900 it sent over the same period last year, the figures of the Ministry of Labor showed Tuesday. In January to June period this year, the country ...

Cambodia exported 300,000 tons of fresh and dry cassava in 2013, down 58 percent compared with the 720,000 tons recorded a year earlier, according to figures by the Commerce Ministry on Saturday. The country earned a revenue of 16 million US dollars from cassava export last ...

Sihanouk Ville International Airport received its first international flight this week, a landing the industry hopes will open up the coastal resort destination to more foreign tourists. A flight by South Korea-based Skywings Asia Airlines, an international charter carrier, arrived from Seoul on Tuesday. One hundred ...

Groundwork is underway on South Korean-owned SPHP (Cambodia) Co Ltd’s massive $231 million Stung Pursat I hydroelectric dam in Pursat, provincial deputy governor Khoy Rida told The Post on Monday. ...

Minister of Foreign Affairs and International Cooperation Prak Sokhonn said Cambodia welcomes the resumption of the South China Sea Code of Conduct (COC) negotiations as it reflects the commitment of ASEAN and China to maintain regional stability by managing differences as per international law.   ...

The Cambodia-Korea Free Trade Agreement (CKFTA) was endorsed on October 26, to pave the way for the two countries to enhance bilateral trade and investment flows. ...

Prime Minister Hun Sen will lead a high level delegation to pay a visit to the Republic of Korea from Feb. 10 to 13, according to a press release of the Ministry of Foreign Affairs and International Cooperation (MFAIC). ...

The bill sailed through the National Assembly on December 29, the 9th Committee of the Senate on December 30, and the Senate on January 6. All votes were unanimous. The document was enacted into law by a Royal Code signed by the King on January ...

South Korean President Yoon Suk Yeol held a series of bilateral meetings with the leaders of Cambodia, Laos, the Philippines and Singapore on Thursday as he sought to expand cooperation and win support for South Korea’s bid to host the 2030 World Expo in Busan. ...

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. ...

The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross-border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura. He said the CGIF will fill in ...

Ibis Rice Conservation Co Ltd (IBIS Rice) has signed a financing agreement with South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) to support 1,500 smallholder farmers to grow organic wildlife-friendly jasmine rice, which will help protect endangered species while also earning a premium price for ...

Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese Banks and garment industry investors in the Kingdom. Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua ...

Cambodians, particularly young adults, are more often turning to banks to help them buy their homes, according to figures obtained from the National bank of Cambodia (NBC) yesterday. From $179 million in 2008, the total sum lent out to those buyers fell to $94.5 million ...

Sumitomo Mitsui Banking Corporation (SMBC) of Japan will sign a memorandum of understanding with Acleda Bank Plc this weekend for mutual business co-operation. Senior Acleda officials said the agreement would help to improve investment and trade from Japan to Cambodia.   Acleda will also give Japanese investors and businesses advice ...

Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...

Taiwan Cooperative Bank, the Banking arm under Taiwan Cooperative Financial Holding Co. Ltd., received the green light from Cambodia’s central Bank to open a branch in the capital city of Phnom Penh, the Bank said Saturday. Cambodia, a member of the Association of Southeast Asian Nations, ...

Hattha Kaksekar Limited, one of the country’s largest microfinance institutions (MFIs), is in talks to become a commercial bank by 2014, an official at the micro-lender said yesterday. The move, if successful, will be in line with the Central bank’s policy to support MFIs in diversifying ...

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...