Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according ...

A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected ...

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

Ibis Rice Conservation Co Ltd (IBIS Rice) has signed a financing agreement with South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) to support 1,500 smallholder farmers to grow organic wildlife-friendly jasmine rice, which will help protect endangered species while also earning a premium price for ...

The state-owned Agricultural and Rural Development Bank of Cambodia (ARDB) announced that it has reserved a large number of financial packages of working capital loans for rice millers and exporters to buy paddy from farmers during the upcoming harvest season, in a bid to push ...

Prominent locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd plans to set up facilities in Mondulkiri province, sourcing the grain required for production from nearby smallholder farmers to ensure remunerative prices for the staple crop, according to the company’s founder and director-general Song ...

Ministry of Agriculture, Forestry and Fisheries secretary of state Yong Saing Koma said that contract rice farming, officially known as ‘Sustainable Rice Platform (SRP)’, between rice mills and farmers’ collectives is crucial to ensuring the stability of rice price, its quality and quantity, and the ...

Cambodia is set to offer tax incentives for another two years on rubber exports, starting from January 1, 2024, aiming to encourage cultivation and support growers and exporters in the face of declining prices due to a drop in international demand. ...

Ministry of Agriculture, Forestry and Fisheries officials have reported several positive achievements in their jurisdiction in 2023, highlighting stable rice prices, investment interest in cashew nuts, the protection of the Irrawaddy dolphin population and the combating of fisheries crimes as notable success stories. ...

Mobile phone subscribers in Cambodia have had little to complain about in recent years. With six new operators entering the market since 2006, the result was oversaturation and an all-out price war as eight operators fought for a foothold in a country with fewer than ...

Despite recent announcements of large development projects throughout Cambodia focusing on so-called “affordable housing” for the emerging middle class, there remains a massive gap in the market for quality affordable housing for the poor; especially the urban poor as more rural Cambodians flock to cities ...

More than 3,100 families have now been evacuated from their homes as flooding spreads in Banteay Meanchey province, the deputy head of the National Committee for Disaster Managment (NCDM) said yesterday. About 3,000 of those families have been evacuated from Poipet City alone, and another 148 ...

The seized property of fugitive former ambassador Nan Sy has so far failed to fetch bidders, denying state coffers some $400,000 embezzled by the disgraced official. The undeveloped 10 by 20 meter plot in Tuol Kork district was put up for auction last week in an effort to ...

Rainfall during this year’s dry season and fewer farmers cultivating tobacco has resulted in a shortage of raw tobacco and a steep price increase, industry officials and farmers said yesterday. Tola Ponlu, head of corporate and regulatory affairs at British American Tobacco (BAT) in Phnom Penh, ...

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday handed over country-specific roadmap to Pakistan ambassadors to Thailand, Uzbekistan and Cambodia that would help strengthen liaison, increase bilateral trade and promote economic cooperation. The Ambassador to Thailand Sohail Khan, Ambassador to Uzbekistan Riaz Hussain Bukhari ...

A court administrator and creditors who have filed complaints against bankrupt mobile operator Mfone are at loggerheads over whether or not to overturn two injunctions filed against the firm to stop it selling off its assets. “The judges are now considering to drop the injunctions because ...

The planned construction of 88 hydroelectric dams in the lower Mekong basin by 2030 will cause food security challenges in Cambodia, experts say. “Cambodia is going to pay the highest price for dam development basin-wide, to the point of affecting the food security of its 80 ...

About a year after offering the country’s sole agriculture policy, Forte Insurance is struggling to sell coverage. “We still need time to get farmers to understand the benefits of agricultural insurance,” said Youk Chamroenrith, director and general manager of Forte. “We have four clients signed up ...

Phnom Penh’s third overpass, or flyover, bridge is now close to completion, some eight months ahead of schedule, and its planners say it will not only greatly improve traffic congestion in the southwest of the city but will also lead to price increases for property ...

Demand for top-quality workspace in Phnom Penh is increasing, so much so that property firm Knight Frank has labelled the capital as the fastest-growing city for rented prime office space in the entire Asia Pacific region. The firm’s June 3 quarterly report, which marks the first ...