Aeronautical fees imposed at airports in countries which are members of the U.N.’s International Civil Aviation Organization (ICAO)- including Cambodia- must be uniformly and transparently applied to all airlines, a spokesperson for the ICAO said yesterday. Last week, airline officials  said that a $1,000-per-landing royalty fee ...

Garment and footwear industry, Cambodia’s largest foreign exchange earner, currently consists of 960 factories, employing some 620,000 workers, labor minister Ith Samheng said Thursday. The sector made a revenue of 5.5 billion U.S. dollars last year, accounting for around 80 percent of the country’s total exports, ...

US Secretary of State John Kerry said Saturday that hydropower development along the Mekong River could conflict with other benefits. “You have this tension between the purposes, unless they’re approached thoughtfully and correctly,” he told foreign ministers from the Lower Mekong Initiative gathered in Nay Pyi ...

Cambodia is the third most at-risk country to money laundering and terrorist financing in the world, according to a global index released last month, trailing only Iran and Afghanistan. The Anti-Money Laundering Index, first published by the Swiss-based Basel Institute on Governance in 2012, assigns the ...

Nagacorp, owner of Cambodia’s largest casino, NagaWorld, is on track to begin flying in high-rollers from China on a fleet of its own commercial aircraft, according to the company’s latest earnings statement and government officials. In a filing to the Hong Kong Stock Exchange on Friday, ...

Cambodia, on Saturday, hosted the 7th Asia Economic Forum ( AEF) under theme of “The Asian Century in the Making: Achievements, Challenges and Future Trends” while highlighting the majority of the region’s demonstrated remarkable resilience against the global economic and financial crises, while major superpowers ...

Local company VLK Royal Tourism Group has embarked on a joint venture with a Thai partner to build OC Hotel, a four-star boutique hotel in Sihanoukville. The venture was prompted by rising demand as well as increasing tourist numbers to the coastal area off the ...

A company linked to the son of tycoon Ly Yong Phat received a 6,234 hectare concession inside Botum Sakor National Park, according to a January sub-decree signed by Prime Minister Hun Sen and published on Wednesday. ...

Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...

Villagers accused of illegally occupying state land in Kompong Thom province protested outside Santuk district hall yesterday to ask for land titles, residents and authorities said. Sue Nhaunh, a villager and representative of 160 families in Kraya commune, said that more than 100 residents had gathered ...

The United States and Cambodia have agreed to begin discussions on a bilateral investment treaty (BIT) in a bid to spur trade and investment between the two countries, officials said on Friday following the end of the ASEAN-US Business Summit in Siem Reap. “A bilateral investment ...

Young Cambodians must develop diverse workplace skills if they are to compete in an integrated Asean, a leading economist and adviser to the government says. “We have to make sure we are able to do multiple things if others are able to do just one,” the ...

Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of investment in agriculture, the State of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers in low and middle income ...

The two-way trade volume between Cambodia and the United States valued at 758 million U.S. dollars in the first three months of this year, up only 0.8 percent compared with 752 million U.S. dollars over the same period last year, the statistics of the U.S. ...

Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...

The U.S. Federal Bureau of Investigation (FBI) has agreed to Cambodia’s request for greater assistance as it attempts to “crack down” on U.S.-based dissidents, according to the National Police Commissariat website. A delegation led by National Police Chief Neth Savoeun returned Saturday from a three-day visit ...

Cambodia spent 554 million U.S. dollars to purchase automobiles and motorcycles from foreign countries in the first nine months of this year, up 85 percent from 299 million U.S. dollars a year earlier, according to the Commerce Ministry Friday. ...

The US ambassador at large for Global Women’s Issues – an office in the US State Department – met with five of the Boeung Kak lake female activists on Saturday in a sidelines meeting of a Lower Mekong gender policy dialogue. “It was a full ...

Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. ...

Special Economic Zones (SEZs) have brought almost 70,000 new jobs to the country, according to an Asian Development Bank report released last week. With tax exemptions on production materials, lower profit tax, and renewable leases, the SEZs have drawn foreign-owned factories manufacturing everything from bicycles ...