Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...

Interior Ministry spokesman Khieu Sopheak said royalist party Funcinpec will not be investigated for requesting funds from China, despite an article in the Law on Political Parties banning parties from receiving financial support from foreign governments and institutions. ...

The Labor Ministry on Tuesday defended its failure to act on the results of its own study, which in November found that the minimum livable wage for garment factory workers is between $157 and $177. In its annual report, the ministry listed its wage study, carried ...

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

A new union has been founded pledging to offer members a post-retirement pension with a novel twist – it will be funded by sponsorship from private companies. The head of the new Workers Retirement Fund of Cambodia Union president, Sidney Sok Ke, claims to have spent ...

The central bank officially held a soft launch last Friday for its central shared switch mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem. ...

Prime Minister Hun Sen on Monday urged Cambodians to keep safe as they celebrate Khmer New Year this weekend and instructed law enforcement officers to be vigilant during a period renowned for causing an annual spike in traffic accidents. Speaking at a graduation ceremony on Koh ...

Insurance Regulator of Cambodia (IRC) director-general Bou Chanphirou on January 12 urged banks, other financial institutions and insurance companies to cooperate in bancassurance to drive further growth in the insurance sector, and raise penetration and density. ...

Minister of Interior Sar Kheng has instructed relevant institutions under his supervision to assist people in the correction and cancellation of family records to make the service more widely available in towns and district administrations across the Kingdom. ...

The president of the Royal Academy of Cambodia (RAC) met leaders of Japanese artificial intelligence (AI) and robotics firm Qibi Tech Co Ltd to study the possibility of enhancing cooperation in the Kingdom. ...

To get his teenage daughter and niece on a plane yesterday after 10 months of alleged abuse and forced marriages in China, Kim Vicheat* said he had to bury his family in debt because the Cambodian consulate refused to fund their repatriation. The two 19-year-olds told The ...

On February 22 2021, the Ministry of  Labour and Vocation training has posted an announcement regarding the decision to suspend  technical and vocational education and training institutions for 2 weeks in Phnom Penh and Kandal province. This is made following the recent COVID-19 community outbreak ...

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

Following First Lady Michelle Obama’s three-day visit to Cambodia to promote her “Let Girl Learn” initiative, Cambodian officials say they hope for positive changes in girls’ education. Cambodia has nearly 1.5 million female students studying at primary and high schools, he said. But only 42 ...

In an interview with CNBC on the current plans, connections and future of transportation in Cambodia on November 12, 2021, Sun Chanthol, Minister of Public Works and Transport, said that the launch of Electric vehicles (EVs) are in the early stages of development in Cambodia. ...

President of Cuba Miguel Diaz-Canel Bermudez has invited Kitti Tesaphibal Pundit Hun Manet, Prime Minister of the Kingdom of Cambodia, to participate in the Summit of Heads of State and Government of the Group of 77+China in Havana, Cuba in mid-September. ...

In 2021, at the behest of the government, Royal Academy of Cambodia (RAC) president Sok Touch studied and investigated the challenges facing the Tonle Sap Lake, which covers an area of 640,000ha. ...

The Labor Ministry proclaimed yesterday that unemployment was nearly eradicated in Cambodia after a recent study showed that less than one percent of citizens remained without jobs. ...

The Ministry of Economy and Finance (MEF) plans to establish financial controlling groups at each ministry whose function would be to review and approve both the expense budget proposals and procurements of respective ministries and institutions in consultation with the Financial Management Information System (FMIS), ...