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 ...

Bilateral trade between Cambodia and Thailand increased slightly by 8 per cent during the first eight months of 2011 compared to the same period last year, according to the Thai Embassy’s Foreign Trade Promotion Office (FTPO) statistics obtained by the Post yesterday. The increase in trade ...

A public tramway system in Phnom Penh could be completed by as early as 2017, a representative of a French urban consultancy company said yesterday. The municipality announced in October that Systra, a railroad consultancy firm based in France, was conducting a feasibility study on a ...

Boeung Kak demonstrators left the Royal Palace in Phnom Penh disappointed yesterday after their petition calling for the release of 15 Boeung Kak lake residents locked in Prey Sar prison was not accepted. About 50 villagers, flanked by supporters, marched to the palace from the National ...

More than seven months after government security forces violently evicted hundreds of people living in Kratie province’s Broma village to quell a so-called secessionist movement, more than 70 families are still being prevented by patrolling soldiers from returning to the site of their former homes, ...

A colonel in the Royal Cambodian Navy yesterday denied accusations by the NGO Wildlife Alliance that naval officers opened fire on patrolling rangers on the Tatai River in Koh Kong province as they tried seizing an allegedly illegal shipment of rosewood. Colonel Tep Vuthy instead accused ...

The Cambodian Centre for Human Rights (CCHR) is calling out telecommunications firm Mobitel over a TV ad that shows a young Cambodian man who is shocked and dismayed when he meets, on a blind date, what appears to be a transgender woman. Lasting about 60 seconds, ...

Armed soldiers will continue to patrol Veng Sreng Street, the garment factory-lined thoroughfare in Phnom Penh’s Pur Senchey district where military police shot dead five workers during a nationwide strike last month, until labor unrest in the garment sector subsides, the deputy commander of the ...

Deputy Prime Minister General Tea Banh, who is also Cambodia’s defence minister and led the delegation of senior commanders, said Thailand under the National Council for Peace and Order (NCPO) was addressing the country’s problems in a clear manner and with the aim of restoring ...

A lack of trade financing – the loans and guarantees needed to support import and export transactions – for international deals within developing Asian countries such as Cambodia is restricting opportunities for growth, a survey by the Asia Development Bank (ADB) has found. Of 106 banks ...

Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

The percentage of Cambodia covered in forest has fallen from about 72 per cent in 1973 to only about 46 per cent in 2013, satellite image data released yesterday shows. A series of animated maps that Open Development Cambodia (ODC) produced from NASA satellite images detail ...

Cambodia’s energy minister allayed concerns in parliament over inadequate compensation offered to villagers who face relocation for a proposed China-backed dam on a Mekong River tributary, saying the government has allocated to villagers more than four times the area taken over for the project. Minister of ...

Investment approved between January and October surpassed those last year by  US$160 million, according to a report from the Council for the Development of Cambodia. The 126 local and foreign investment projects through October, worth about $6 billion, overshadowed the $5.8 billion in the whole of ...

The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...

More than 200 critically endangered royal turtles will be moved to a new center in Koh Kong’s Mondol Seima district today with 13 Siamese crocodiles also being relocated. Eng Mengey, communications officer for the Wildlife Conservation Society (WCS), said royal turtles were now facing threats to ...

Ten trucks fully loaded with timber have been spotted entering a heavily guarded sawmill near the Lower Sesan II dam on an hourly basis, claimed a report by the Cambodian Human Rights Task Force (CHRTF), which was released yesterday. According to the report, photos taken from ...

As Australian operator Toll Royal Railways looks at a possible withdrawal from in Cambodia, a new China-backed company tries to take over and promise to rehabilitate more tracks including Phnom Penh-Saigon Toll Royal Railway won in 2010 a concession to operate and upgrade the Cambodian rail ...

Dozens of business owners occupying more than 8,000 square meters of prime real estate behind Phnom Penh’s Wat Ounalom have been ordered to vacate their premises by the local conglomerate Sokimex Group, an official from the firm said Wednesday. Though the firm declined to say what ...

The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...