The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

The Kandal Provincial Court on Friday tried a former provincial judge, Huoth Heang, and his clerk, Lim Kompheak, both of whom stand accused of corruption. On January 20, Anti-Corruption Unit (ACU) officials arrested Judge Heang during a sting operation in which the judge was caught accepting a ...

NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...

Thousands of employees of two Singaporean-owned Yung Wah Industrial (Cambodia) Co.Ltd. factories, which produce shirts for Gap Inc. among other international brands, went on strike yesterday in Kandal province, claiming that they were not paid their salaries for last month. “Normally, salaries are paid between the ...

Cambodia’s Power Partner Profit Group has signed 10 memoranda of understanding with Chinese companies for cooperation on agriculture, mineral resources and electronics. Insiders said the penning of the MoUs, which do not guarantee a final agreement, was another step toward realising a US$5 billion bilateral trade ...

Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...

Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...

Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party ...

The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...

Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...

Improved quality coupled with growing international demand has sent crab prices escalating over the past year, officials said on Wednesday. In some provinces, the price has jumped as much as 66 percent during the past 12 months. Lang Kery, chief of the Koh Kong provincial Fishery Administration’s ...

The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...

Fifty Tampuon ethnic minority families protested yesterday in front of the Soeung Commune Hall in Bakeo district against their commune chief, who they allege sold land that belonged to the Ratanakkiri community. In a complaint filed to rights group Adhoc yesterday, the families claim that commune ...

Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

About 8,000 professional and amateur athletes from 78 countries and regions took part in the 19th Angkor Wat International Half Marathon on Sunday at the complex of Angkor Wat Temple, a world heritage site. Cambodian Tourism Minister Thong Khon, president of the National Olympic Committee, said ...

Chinese President Hu Jintao asked close economically Cambodia on Saturday not to push talks on the vexed issue of the South China Sea “too fast” as he pledged to double bilateral trade to $5 billion and announced fresh aid to the impoverished country. Cambodia holds the ...

The Government of Norway through Norwegian People’s Aid (NPA) confirmed its commitment to continue supporting Cambodia’s mine clearance efforts by providing $5 million for the next four years. ...

Oknha Sorng Thorn, the owner of 5,000ha which covers a fourth of Koas Krala district in Battambang province, was taken in for questioning by the Anti-Corruption Unit (ACU) on Saturday in regards to corruption allegations. ...

Cambodia’s three international airports handled 1.9 million air passengers in the first six months of this year, a 67.5 percent decrease from 6 million air passengers last year.​ ...