The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

Government approval has been granted to the Overseas Cambodia Investment Corporation (OCIC) for the development of high-end condominiums, a hotel, shopping mall and more on the land surrounding the Olympic Stadium in Phnom Penh. OCIC is in the process of obtaining a 99 year lease ...

Ministry of Land Management officials have said that colonial-era buildings along Phnom Penh’s riverside could collapse as a result of damage received from construction next door. The buildings along the Sisowath Quay could be in an even more perilous position as a result of the ...

Following a meeting on Aug 9, between Chan Saron, from the Ministry of Agriculture, Forestry and Fisheries, and a delegate from China National Cereal, Oils and Foodstuff Cooperation (CNCofC) that was led by Jiang Fan of the Chinese Commercial Department of Foreign Affairs, rice exports ...

As Cambodian exports continue to grow, commerce officials predict sovereign debt crises in the United States and Europe will not threaten the sector. Total exports surged by more than 46 per cent to US$2.677 billion in the first seven months of the year, compared to ...

The Federation of Cambodian Rice Millers Association in Battambang province will establish a biomass-generated electricity plant in Battambang, an insider said. The plant will cost up to US$10 million and generate 10 megawatts of electricity. Phou Puy, president of the Federation of Cambodian Rice Millers Association (CRMA) and the ...

A Cambodian company and a Chinese firm on Monday signed a Memorandum of Understanding (MoU) in order to build a railway and a seaport in Cambodia to serve iron and steel mining industry. The deal was inked between Zhang Chuan You, general manager of Cambodia Iron ...

The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to ...

Officials confirmed there were more than 20,000 participants at the job fair on Saturday organised by the National Employment Agency Of the Ministry Of Labour and Vocational Training, which was held in an effort to educate job seekers about current opportunities. Sokkhon David, acting director Of information ...

In the latest clarification from the government on the subject of it’s new private airliner, a senior aviation official said yesterday that the French-made Airbus A320 is not yet the property of Cambodia, as ownership documents have not been finalized. The 150-seat jet made its inaugural ...

National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...

Cambodia’s Deputy Prime Minister yesterday reiterated his commitment to criminalising money laundering and terrorist financing in the Kingdom. Sok An reassured delegates at the Asia-Pacific Group (APG) on Money Laundering of Cambodia’s commitment to implementing comprehensive procedures to stop illegal monetary transactions. ...

Tractor imports fell by 24 per cent last year, a significant decrease from 44,993 units in 2011 to 36,301 units, according to recent statistics from the Ministry of Economy and Finance. Although the cultivation of some crops in the Kingdom has increased, analysts said yesterday ...

Cambodia will sign to receive 33.9 million U.S. dollars in grant aid from Japan for three projects in small hydropower dams, healthcare and education, according to a news release from Cambodia’s foreign ministry on Monday. ...

Not enough priority is given to research in Cambodia, threatening its long term development, economists and other experts say. Larry Strange, executive director of the Cambodian Development Research Institute, says the country cannot plan for major reform, build its economy, or reduce poverty without proper analysis ...

Thailand and Cambodia are on a path towards the setting up of a special trade zone that will see the two neighbors actively trade cassava and corn. Commerce Minister Boonsong Teriyapirom revealed on Monday that the 4th Thailand-Cambodia Joint Trade Committee meeting, held last week, saw ...

The chairman of the U.S. House of Representatives Committee on Foreign Affairs called on Prime Minister Hun Sen to stand down during an event attended by CNRP Vice President Kem Sokha in California on Saturday night. Speaking at a CNRP fundraising event, Ed Royce, a Republican ...

A monitoring group backed by the United Nations said it would begin to publicize garment factories’ compliance with worker rights and safety standards in Cambodia, a controversial program that its organizers say will be the world’s most extensive initiative to improve working conditions at plants. The ...

With civil society, the opposition and even the ruling party talking more and more about the subject of electoral and judicial reforms in the wake of July’s contested national elections, some groups yesterday gathered to call for reforms in a more modest sector – parking ...