Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...

Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...

Chinese budget carrier Spring Airlines is in discussions with the government to open an airline pilot training school in Cambodia, as well as expand its flights to the Kingdom, and even start a tour company, according to an official from the national aviation authority. ...

The owner of the under-construction 10-storey building located on the corner of Street 178 and Norodom Boulevard, who asked not to be identified, said the building will be used as office space and apartments. The three floors on the top of the building will be apartments ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

The National Election Committee (NEC) will consider requesting support from France as it prepares to administer the July national election, its senior official said, noting that the French counterparts want to see the poll take place in a manner acceptable to all parties and in ...

Cambodian and Japanese bilateral relationship and cooperation have further strengthened, following a visit by Japanese Foreign Affairs Minister Yoko Kamikawa on July 6. ...

The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities. ...

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

Internet Service provider Online is aiming to compete in the voice call market with its latest product, TalkMobile, a Skype-like application for handsets. Customers are not required to connect via Online to use the application and may connect through rival ISPs and mobile companies. ...

The US is scheduled today to sign off on another $20 million in funding for aid projects in Cambodia, according to a US Embassy statement issued yesterday. One project will “strengthen the ability of civil society, the private sector, and the government to address food security ...

The Kingdom’s inflation rate fell month-on-month in November for the first time all year, dropping 0.7 per cent from October, according to National Institute of Statistics data. However, year-on-year inflation in November increased 5.7 per cent, the NIS reported. “We see that we got a bigger supply ...

More than 45,000 hectares of land in Preah Vihear province were granted to five companies for rubber plantations on July 6 after the government reclassified the land from state public to state private land on the same day, according to the five sub-decrees signed by ...

New policies in agriculture, real estate and finance led the Asian Development Bank (ADB) yesterday to keep its outlook on Cambodia’s economic growth this year at an estimated 6.8 percent. The announcement comes even as the World Bank and the government have reduced their expectations, projecting ...

The controversial Union Law, which was passed and put into force after dozens of debates and protests, is expected to build confidence among garment and textile buyers as well as employers and workers, experts said. Sandra D’Amico, vice president of the Cambodian Federation of Employers ...

The Ministry of Labor passed all responsibility for foreign work permits today to E-Solutions (Cambodia) Co., leaving a multitude of unanswered questions about the private company that will process, produce and distribute the permits online. Ministry spokesman Heng Sour declined to answer questions about the company, ...

CPP Senator and business tycoon Ly Yong Phat has convinced to more families in Koh Kong province to take a cash payout in exchange for dropping out of a lawsuit involving two local sugarcane plantations he once co-owned, official said. More that 200 families in Sre ...

Export to Vietnam climbed more than 57 per cent year on year in the first quarter of 2012 as farmers looked for alternative destinations for products that went to Thailand last year. The primarily agricultural exports to Cambodia’s eastern neighbour were worth US$201.5 million, up from ...

The number of incoming business people from Wenzhou, a Chinese coastal city of three million known for manufacturing, has grown markedly in recent years. So much, in fact, that Wezhou opened an official chamber of commerce in Phnom Penh last week. Labour and land costs on China’s ...

Slow demand for office space in Phnom Penh is leaving the owners of high-rise buildings constructed in recent years struggling to find clients, according to real estate experts. But construction of the Vattanac Capital Tower, a $150 million, 36-story building slated to open its first ...