Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ss='cambodia-color'>...

Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ss='cambodia-color'>...

Tokyo: Cambodia needs more than an estimated Us$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institutions indicated on Wednesday. During a conference held by the Japan International Cooperation Agency ss='cambodia-color'>...

How did the floods affect the industry late last year? Of course, we were worried when the floods began because many people were affected. When the floods continued, we did a survey and found that just about 10 per cent of MFI borrowers were affected. But ss='cambodia-color'>...

Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association. He said yesterday that the price of one tonne of good-quality rubber rose to Us$3,800 in early 2012, ss='cambodia-color'>...

Svay Rieng provincial proSecutor Hing Bunchea haS refuSed to clarify what triple Shooting SuSpect and depoSed Bavet town governor Chhouk Bandith Said to him after contradictory StatementS from him were printed in different newS publicationS laSt week. On ThurSday, Hing Bunchea told the PoSt that Chhouk SS='cambodia-color'>...

A bridge crossing the sea between sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ss='cambodia-color'>...

A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development Bank (ADB) is said to be short on details even though it calls for the ss='cambodia-color'>...

Representatives of 168 families from Kampong Cham’s Memot district staged a protest at the provincial governor’s home yesterday, seeking an intervention on their behalf in an ongoing land dispute with Memot Rubber Plantation.  ss='cambodia-color'>...

Bilateral trade between Cambodia and Thailand increased slightly by 8 per cent during the first eight months of 2011 compared to the same period last year, according to the Thai Embassy’s Foreign Trade Promotion Office (FTPO) statistics obtained by the Post yesterday. The increase in trade ss='cambodia-color'>...

Cambodia, as AsEAN chair, could play a vital role in strengthening the international community’s perception that Myanmar has reformed and sanctions need to be lifted, independent observers told the Post yesterday. As Prime Minister Hun sen described yesterday’s arrival of Myanmar president Thein sein in Phnom ss='cambodia-color'>...

The 16th ASEAN Finance MiniSterS&rSquo; Meeting kickS off early today in Phnom Penh, where memberS of the 10-country aSSociation are expected to diScuSS Strengthening regional financial tieS and co-operation in the face of economic uncertainty in the WeSt. SS='cambodia-color'>...

Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the south China sea being discussed by countries that are not directly involved in the regional maritime dispute. speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ss='cambodia-color'>...

Following a meeting in which a Japanese emissary urged the government to open negotiations with the now-dissolved opposition, the Ministry of Foreign Affairs suggested Japan’s concerns were based on a “misunderstanding” and said Cambodia is too small to fight against an alleged “strong propaganda machine”. ss='cambodia-color'>...

Boeung Kak community land activist Tep Vanny was freed from Prey sar prison on Monday night after a release warrant was issued by Phnom Penh Municipal Court. This followed a Royal Pardon from King Norodom sihamoni. Three other Boeung Kak land activists were also released ss='cambodia-color'>...

The Defence Ministry has announced that the United Nations has ranked Cambodia 29th among 122 countries that have sent peacekeeping forces to conflict areas around the world. Last year, the UN ranked Cambodia as 32nd for the most troops sent abroad. Cambodia also ranked 17th ss='cambodia-color'>...

A European Union delegation on Tuesday visited a fishing community in svay Rieng province to observe a project aimed at helping them deal with illegal fishing, rear fish, and farm without using chemicals in Peam Ro district. The community project in the district’s Baborng commune ss='cambodia-color'>...

After Prime Minister Hun sen returned from his July 3-5 visit to the World Trade Organisation (WTO) and the Office of the United Nations High Commissioner for Human Rights (OHCHR) in switzerland, the Ministry of Foreign Affairs and International Cooperation described the meetings as “successful”. ss='cambodia-color'>...

The Minister of Public Works and Transport sun Chanthol said on Tuesday that road damage in Preah sihanouk province caused by recent rainfall and traffic congestion has been affecting the transport of goods between Phnom Penh and sihanoukville Autonomous Port. ss='cambodia-color'>...

Fourteen building projects in Preah sihanouk province were ordered to be demolished after a working group found their construction had failed quality inspections, provincial governor Kuoch Chamroeun said. Another 70 of 500 projects in the province, he said, are under scrutiny after having recently been ss='cambodia-color'>...