With the recent announcement that two Taiwanese banks plan to open branches in Cambodia, the number of commercial banks in the country will swell to 34 and may even go higher as foreign businesses seriously consider Cambodia an alternative to more costly countries such as ...

As Cambodia’s economy continues to grow, advertising in the country has developed to keep pace. But the industry still faces challenges, insiders say. According to Media Adex data by indochina Research, which monitors advertising spending for TV and print (but not radio) $105.4 million was ...

Two journalists who were present when environmental activist Chut Wutty and military police officer In Rattana were killed last month have reportedly been summonsed to Koh Kong provIncial court. Neang BoratIno, Koh Kong provIncial co-ordInator for the rights group Adhoc, said court sources had told him ...

PM Hun Sen made the statement at a meeting with Vietnamese investors in Ha Noi yesterday, which also included Viet Nam’s Deputy PM Nguyen Xuan Phuc and Cambodian Deputy PM cum Minister of Foreign Affairs and international Cooperation Hor Nam Hong. Hun Sen praised Vietnamese businesses, ...

The Garment Manufacturers Associations in Cambodia (GMAC) on Sunday urged the government to curb outlawed garment strikes that have occurred this week at Special Economic Zones in eastern Bavet City, which are expected to continue next week. “GMAC is disappointed that the government and local authorities ...

The Asian Development Bank (ADB) on Wednesday signed a 75 million U.S. dollars loan with Cambodia’s largest bank, Acleda Bank, to address the rising financing requirements of micro, small and medium-sized enterprises (MSME) in the country. The agreement was inked between Christine Engstrom, director in ADB’s ...

Anti-trafficking groups in Cambodia are urging donors to maintain support for their cause, following claims a well-known activist fabricated her life story, to raise funds. Somaly Mam resigned from the charity she co-founded, after a news investigation cast doubt on her story, including being sold into ...

Amid strict reforms to guard against rampant cheating on the high-stakes national exam, education officials yesterday showed surprising leniency towards underperforming grade 12 students. in a notice released yesterday, the Ministry of Education instructed upper secondary schools to hold re-examinations for grade 12 students who failed ...

International buyers and trade union representatives have been unable to meet with Prime MInister Hun Sen or other government officials, despite a request followIng deadly worker demonstration crackdowns last month. Major International buyers signed on to a joInt letter condemnIng the violence and urgIng the government ...

More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...

The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

A lack of innovation has contributed to Cambodia dropping seven spots on the World Economic Forum’s 2014-15 Global Competitiveness Report (GCR), which was released on Wednesday. The Kingdom ranked 95th out of 144 countries, down from 88th in the previous report, according to the GCR. Apart ...

Six Cambodian trade unions led around 1,000 garment workers to march through streets here on Sunday to demand a higher minimum wage as annual talks on a wage hike are scheduled for next month. ...

At a ceremony to inaugurate a new stupa at Phnom Penh’s Tuol Sleng Genocide Museum on Thursday, German Ambassador Joachim Baron von Marschall urged young Cambodians to be less reluctant to speak openly about the Khmer Rouge era, noting that it was Germany’s youth in ...

With the Grade 12 national high school exam about two weeks away, a group of five NGOs sent a letter to the Ministry of Education on Monday asking the government to prevent guesthouses from hiking their prices for students who have to stay overnight in ...

The National Election Committee (NEC) January 2 held a groundbreaking ceremony for its new office building, constructed on land acquired by the government from Kong Korm, a former opposition leader. The site is located on Sothearos Street in Tonle Bassac commune in Phnom Penh’s Chamkarmon ...

Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market,  the companies aimed to provide a combination of advisory and underwriting services for companies ...

Prime Minister Hun Sen is scheduled to preside over the handing out of diplomas to more than 2,000 students graduating from the Royal School of Administration. ...

Prime Minister Hun Sen, in an attempt to settle an eight-year land dispute, on Tuesday offered additional land in the Boeng Kak lake development to the seven families who had not yet accepted compensation. ...