Cambodia’s economy will grow by an average of 7 percent in each of the next five years, the World Bank said yesterday in a report on the country’s economic outlook. In its periodic update on economies in the region, the World Bank predicted gross domestic product ss='cambodia-color'>...

Long-time foreign members of the Cambodian business community said the Us-AsEAN Business Forum, held on Friday in siem Reap, was largely successful in setting the country in the sights of America businesses, but multinational corporations will need more time in the Kingdom before nailing down ss='cambodia-color'>...

Siam City Cement and the Chip Mong Group will co-build a new cement plant in the ToukmeaS diStrict of Kampot by 2015 in order to take advantage of the “huge” demand in Cambodia. The plant will cater Specifically to the Cambodian market, although they will alSo SS='cambodia-color'>...

Cambodia’s cashew-nut exports increased sharply from 443 tonnes in 2011 to 4,453 tonnes last year, according to the Ministry of Commerce. But observers say these figures do not reflect reality, as a large percentage of exports had not been recorded. An expert in cashew nut production, ss='cambodia-color'>...

Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ss='cambodia-color'>...

The National Assembly is set to dismantle the Ministry of Industry, Mines and Energy, rebuilding it as the Ministry of Mines and Energy and creating a new Ministry of Industry and Handicrafts, a senior CPP lawmaker confirmed on Friday. The move comes just a few weeks ss='cambodia-color'>...

Prime Minister Hun sen left on Thursday for two-day visit to Laos. The delegation accompanying Hun sen included Foreign Minister Hor Namhong, Cabinet Minister sok An and other members of the Royal Government. A number of agreements will be signed during his visit. The Ministry of Foreign ss='cambodia-color'>...

The son of a police lieutenant colonel and a member of a commune council were among four people arrested Thursday in Kom­pong Thom province for dealing drugs and were remanded in custody, a court prosecutor said Friday. ss='cambodia-color'>...

This week the price of Phnom Penh Water supply Authority stock dropped continually from KHR 7,000 (Us$1.72) on June 7 until it stopped and stayed at KHR 6,8oo (Us$1.67) from June 11 to June 13. On June 13, the stock’s price at the market’s opening and ss='cambodia-color'>...

When Asia-Pacific leaders gather this weekend in southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.s. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ss='cambodia-color'>...

What do three Cambodian teenage girls, a French T-shirt designer, a Japanese doctoral student and a Cambodian businessman have in common? On Thursday afternoon, they were all captured by the appeal of BRow Coffee and Bakery on street 214. The value of this crowd of ss='cambodia-color'>...

Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ss='cambodia-color'>...

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ss='cambodia-color'>...

A rubber company that has been repeatedly accused of encroaching on communal land belonging to an ethnic minority in Ratanakkiri province has cleared 150 hectares of forest outside of its economic land concession (ELC) in the past month, according to the senior investigator for local ss='cambodia-color'>...

The government announced Monday that it will open a new passport office in the northwest province of Battambang, the first such office outside Phnom Penh. In a statement, posted to the Ministry of Interior website, the ministry said that the new passport office will serve people ss='cambodia-color'>...

SamSung planS to more than quadruple itS number of StoreS &ndaSh; currently Seven &ndaSh; in the Kingdom, aiming to have 30 brancheS by the end of thiS year. The move will extend itS lead aS the electronic brand with the moSt StoreS here, and comeS aS SS='cambodia-color'>...

A coalition of NGOs yesterday implored Prime Minister Hun sen to shelve the government’s plans for the stung Cheay Areng hydropower dam in Koh Kong province and instead turn the wilderness area in question into an eco-tourism site. ss='cambodia-color'>...

In 2009, a railway project official arrived at 45-year-old Ry Preng’s home in Por sen Chey district and spray-painted “1.042” in red on the side of his house. He wasn’t sure what it meant, but was told that at some point he would need to ss='cambodia-color'>...

Looking out from his house, held up by three-meter stilts on a peninsula that juts into Boeng Tompun lake, Chan sokhom can see the sand inching closer to him every day. Within a few years, the sand will likely reach his doorstep. By then, Mr. sokhom ss='cambodia-color'>...

In June, after about a quarter million migrant workers returned from their jobs in Thailand fearing the military junta’s crackdown on illegal labor, Cambodia’s government announced it had slashed the cost of emigration, and would charge workers only $49 to legally return to work across ss='cambodia-color'>...