Local conglomerate Royal Group said Tuesday that while it is committed to its partnership with Australia-based ANZ bank, it would entertain selling its stake in ANZ Royal Bank for “a very high offer.” “The Royal Group would like to clarify that it is a strong and ...

The Justice Ministry is investigating accusations that surrogacy services are being offered in the Kingdom as rumors spread online. Minister of Justice Ang Vong Vathana said yesterday at a three-day workshop launching the “Explanatory Note of Domestic Adoption,” he was unsure if the rumors pertained to ...

China’s Yunnan province on Monday provided 200 agricultural engines to Cambodia’s northwestern Banteay Meanchey province for post-flood rehabilitation. A handover ceremony was held here between Yu Dingcheng, vice chairman of the Standing Committee of the Yunnan Provincial People ‘s Congress, and Oung Oeun, chief of the ...

Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday.  In a statement some commentators described as “coordinated attack” by ...

A lack of legal protections, insufficient commitment from the Malaysian government and an overworked, understaffed embassy are among the major obstacles to lifting the maid ban, according to an internal government report obtained yesterday. Penned by the Ministry of Interior, the 12-page brief details a ...

Senior CPP lawmaker Chheang Vun on Friday denounced eight arrested CNRP officials as anarchists and said that Tuesday’s violent clash at Freedom Park was worse than riots in January in which military police shot dead at least five protesting garment factory workers. Speaking at a press ...

A 52-year-old woman was charged with fraud by the Tbong Khmum Provincial Court on Saturday for allegedly cheating a man out of more than $15,000 by promising to use the money and her connections to secure the release of his son from prison, police said ...

Current assets in Cambodia’s banking and financial institutions had risen to 25.6 billion U.S. dollars by June 2016, an increase of 21.3 percent in the last 12 months, according to the biannual report of the National Bank of Cambodia (NBC), or the central bank, on ...

One in every four children in Cambodia under the age of 5 has not had their birth registered, but a new program aims to tackle the problem at the commune level using mobile phone technology, according to UNICEF. ...

Minister of Civil Service Hun Many is committed to reforming and strengthening the public administration effectively and efficiently, as well as promoting and modernising public institutions in line with the Pentagon Strategy. ...

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ...

Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...

The Cambodia-Japan Friendship Bridge will close for repairs early next year after structural damage was discovered last year, City Hall announced yesterday. City Hall spokesman Mean Chanyada said: “We will close the bridge for 22 months to make repairs starting from early January 2017.” ...

It began in November of 2006 with a memorandum of understanding (MOU) between the Ministry of Economy and Finance (MEF) and the Korean Exchange (KRX) titled “The Development of the Securities Market of Cambodia.” A further MOU between the parties in January, 2008 established the Cambodia ...

Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...

A report from the Cambodia Agriculture Research and Development Institute (CARDI), a semi-autonomous organisation, showed that 83 per cent of farmers surveyed in Kampong Speu, Kampot and Kampong Cham provinces had noticed the effects of climate change. ...

Cambodia’s microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests. ...

Land conflicts, discrimination, corruption and inequality dominated discussions between citizens and lawmakers at forums across the country this year, according to the U.S.-based organization the National Democratic Institute (NDI). In its annual report, obtained yesterday, the NDI noted “significant consistencies in the concerns facing Cambodians across ...

Thai information technology firm Infobahn Co. Ltd. has filed a lawsuit against telecommunications conglomerate Thaicom Public Company Ltd. for breaching an agreement made last year to sell 41.14 percent of its shares, a deal that also includes a 51 percent stake in the Cambodian mobile ...