The trade deficit of Cambodia has reached $1.02 billion for the first six months of the year or 48.63 percent according to the Ministry of Commerce. This is as a result of exports increasing 50 percent based on year-on-year data. According to Chan Sophal, president ...

Two days after extending indefinitely a ban on commercial fishing in Tonle Sap Lake, Prime Minister Hun Sen on Friday called for the release of all prisoners detained during the government crackdown, officials close to the premier said yesterday. Deputy Prime Minister Yim Chhayli told the ...

Cambodia is concerned that US debt could lead to rising import costs. US lawmakers are currently trying to pass a deficit-cut deal before Aug. 2 when the US reaches its own debt ceiling of $14.3 trillion. Without a deal the US would default on its ...

Tensions with Thailand led to a 10-percent decline in imports from ASEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported US$810.9 million during the six-month period compared to $904.9 million during the period ...

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

Year-end travelers have fully booked Sihanoukville province’s hotels and guesthouses for the first-ever Sea Festival, which is expected to attract thousands of visitors this year, tourism officials said. Tith Chantha, general director at the Ministry of Tourism, confirmed that all hotel and guesthouse rooms were booked ...

Just months before stock exchanges in Southeast Asia plan to link up their trading, key players remain divided, with one top bourse official saying the region may be going through a “reality check” on the many hurdles facing further economic integration. The plan for cross-border trading ...

The long-awaited Cambodian Credit Bureau (CBC) launched yesterday, a move that is expected to increase the amount of information banks retain on the history of borrowers in the banking system. Despite loan disbursals in the banking sector growing by 25 percent last year, banks have so ...

One hundred and thirty-five families evicted from the Borei Keila community filed a complaint with the Council of Ministers and Finance Ministry yesterday against Phnom Penh Municipality for trying to transfer to the Phanimex company land belonging to the community, a resident said. ...

Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter. Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green ...

Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...

The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics office (GSO) said from January to June this year, that country’s businesses ...

The Ministry of Agriculture’s Forestry Administration spokesman Keo Omaliss hit back on Thursday at a World Wildlife Fund (WWF) report that claims the Greater Mekong will lose 30 percent of its forests by 2030 without drastic action. ...

The production of more than $58 million worth of 60-megawatt solar-panels has begun in Kampong Speu province after the project was approved in May by the Council for the Development of Cambodia (CDC), provincial governor Vy Samnang said. ...

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

At a meeting chaired by Prime Minister Hun Sen on Friday, the Council of Ministers approved a draft law on expanding the scope of the National Social Security Fund (NSSF) to cover pensions. The law is of immense importance, particularly in providing greater protections for ...

Prime Minister Hun Sen on Wednesday announced the creation of a foundation to raise money to support the country’s five Kantha Bopha children’s hospitals in Phnom Penh and Siem Reap. Hun Sen also said tycoon Kith Meng had donated property valued at $8 million that ...

Cambodia will join three other regional countries in carrying out standardized testing for grade five students as part of a pilot program that aims to improve primary school education in Asean, officials said this week. ...

The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...

A U.S. State Department official told the country’s Senate on Thurs­day that recent political events in Cambodia, including the beatings of lawmakers outside the Nation­al Assembly and the removal of opposition officials from their seats and positions in parliament, were a cause for “grave concern.” ...