The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...

Claims in the Kingdom’s six insurance companies declined dramatically last year, while the total premium revenue sharply increased by more than 20 per cent year-on-year, official data from the General Insurance Association of Cambodia (GIAC) show. GIAC data shows total claims reached $4.8 million, down from ...

By the time Deputy Prime Minister Keat Chhon closed the first session of the Cambodian Securities Exchange yesterday morning, shares in Phnom Penh Water Supply Authority, the Kingdom’s first domestically listed company, were just shy of soaring 50 per cent. Institutional and retail investors traded 487,110 ...

When it became the first—and still the only—company to list on Cambodia’s stock market on April 18, the Phnom Penh Water Supply Authority saw its share price shoot up some 50 percent on its first day of trading before beginning two weeks of steady decline. Since ...

The privatization of state-owned land continued last month with several large government- owned plots in Phnom Penh transferred to state-private property, according to a sub-decree signed by Prime Minister Hun Sen. According to the document signed May 24, the state-owned properties, measuring 40,998 square meters in ...

The International Labour organisation (ILo) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...

Commune and village officials in Kratie province yesterday threatened to shut down a community meeting on the protection of Prey Long forest because the organizers had failed to get permission and allegedly invited only opposition party activists. The authorities eventually allowed the meeting to proceed, after ...

With the number of tourists visiting the country increasing rapidly, hotels are coming under strain due to lack of skilled chefs and waiters in the industry, according to hotel managers. In the first six months of 2012, international visitors reached 1.75 million, a 26.8 percent ...

A year from now, 23-year-old Sum Tiara will graduate from the Royal University of Law and Economics with a degree in law. at the moment, however, she needs to earn a living and pay for her studies by working in bars and restaurants in Phnom Penh. ...

The homes of nearly 200 families living in Pursat province’s Veal Veng district were demolished yesterday and Monday after officials accused the residents of being involved in a secessionist plot, local officials and villagers said. District governor Chhe Chhiv said that authorities had demolished 191 homes ...

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

A single visa for Thailand and Cambodia is ready for launch 27 December at all of the countries’ consulates and embassies. It is a test phase of a wider project called ACMECS Single Visa (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) involving Thailand, Laos, Vietnam, Cambodia, and ...

After a 60- minute debate, the Senate on Friday voted in favour of a payment guarantee for the private companies constructing the controversial Lower Sesan 2 dam in Stung Treng province. at the Senate session, 43 out of 48 senators voted to approve the deal which ...

CAMBODIA&rsquO;S indirect trade and investments with India are pOssibly wOrth almOst five times mOre than its direct ecOnOmic activities, a situatiOn deemed &ldquO;unfavOurable&rdquO; tO the cOuntry, an industry expert said yesterday. Direct trade and investments between the twO cOuntries hit a recOrd $112 milliOn last ...

The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. The railway agency estimated the project will cost 2.8 billion baht. ...

Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...

Cambodia’s nine mobile phone operators on Friday agreed to refrain from engaging in unfair competition by offering generous top-up bonuses aimed at increasing their market share, officials said. Mao Chakrya, director of the Telecommunication Regulator of Cambodia (TRC), said that all of the country’s operators agreed ...

Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang Lasalle. “Rising visitor arrivals, robust trading ...

The government’s abuse of land rights and indigenous minorities were among the top concerns raised Tuesday by non-governmental groups at a workshop in Phnom Penh on Cambodia’s progress toward achieving a long list of U.N. human rights recommendations. As part of the U.N. Human Rights Council’s ...

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...