European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday. According to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs ss='cambodia-color'>...

Loans and deposits at Cambodia’s 31 commercial banks grew 35 percent and 25 percent respectively in the first quarter of the year, according to the National Bank of Cambodia ss='cambodia-color'>...

Cambodia’s tourism arrivals jumped more than 24 percent during the first ten months 2012, with more than 2.86 million international visitors. A tourism ministry update reported Vietnam as the country’s number one largest source of foreign visitors, with 638,560 tourists followed by south Korea and China, ss='cambodia-color'>...

Cambodian Prime Minister Hun sen expects the country to attract more Japanese tourists and investors to help improve the country tourism and economy. The PM said last week he was encouraging more Japanese investors and tourists by heightening bilateral ties. “Japan and Cambodia are known for having ss='cambodia-color'>...

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 ss='cambodia-color'>...

A NEW report from the Organisation for Economic Co-operation and Development (OECD) says GDP growth in Cambodia over the next five years is likely to hit 6.9 per cent, the highest of any AsEAN country apart from Laos. However, the report warns that Cambodia needs to ss='cambodia-color'>...

Bilateral trade volume between Cambodia and Japan amounted to $641 million last year, up 25 percent compared with $512 million a year earlier, a report by the Japan External Trade Organization showed Thursday. On the investment side, Japanese firms have begun to focus their ss='cambodia-color'>...

Four NGOs asked the government yesterday to explain the decision to promote Lao saroeun to an undersecretary of state position in the Ministry of Posts and Telecommunications, even though he has not been cleared of alleged corruption. “In proper practice, people under investigation for alleged corruption ss='cambodia-color'>...

The Ministry of Post and Telecommunications has revoked the operating licence of bankrupt phone operator Mfone, which went out of business two months ago, while more than 1,000 employees had their jobs officially terminated yesterday. The revocation of the licence and the mass dismissal of the ss='cambodia-color'>...

Malaysia-based agricultural and commodities company Felda Global Ventures Holdings is considering investing in palm oil, sugar and rubber crops in Cambodia. Felda Global head of corporate communications Izan Hussain said yesterday the company had received numerous business proposals, but had not made any decisions. “Our discussions and ss='cambodia-color'>...

More than 1,000 villagers in Phnom Penh’s Russei Keo district have signed a petition pro­testing the removal of a crematorium that is currently on land slated for a large development project. According to a letter from the Council of Ministers addressed to the Ministry of Cults ss='cambodia-color'>...

At the headquarters of the Cambodia securities Exchange on the 25th floor of Canadia Tower, something seems to be missing. Here, in Phnom Penh’s business heart, the sights typically associated with trading shares – gesticulating, shouting traders, the confusing hand signals, the buzz in the air ss='cambodia-color'>...

Two days before a land activist’s scheduled sentencing, about 400 people affected by land grabs demonstrated at Pursat Provincial Court in support of the man who frequently protests against the Pheap Imex Company. About 12,000 families are now involved in land disputes around a Pheap ss='cambodia-color'>...

The Japanese International Co­operation Agency (JICA) on Tuesday announced it hoped to have a public bus system in place in Phnom Penh sometime in 2014, despite earlier assurances it would be up and running this year. The Japanese government’s international aid arm also presented options to ss='cambodia-color'>...

NEARLY three weeks after Cambodia’s general election, which both the ruling Cambodian People’s Party (CPP) and the opposition claim to have won, life in Phnom Penh remains tense. Tanks have been deployed, although only on the outskirts, and queues have formed at banks and supermarkets ss='cambodia-color'>...

Jarai ethnic minority villagers in Ratanakkiri’s O’Yadav district are demanding compensation from a villager they claim illegally cleared a sizeable portion of their community forest this year. The villagers seized two carts transporting rosewood – and the four buffaloes pulling them – out of the forest ss='cambodia-color'>...

With the floodwaters receding following weeks of heavy rains, the National Committee for Disaster Management met with officials from 20 provinces on Friday to determine the scale of the devastation and begin planning the cleanup. The NCDM on Wednesday launched a disaster management database in ss='cambodia-color'>...

The death of a miner on Monday in a pit collapse in Preah Vihear is under investigation by Adhoc, the rights group has said. Lor Chann, Adhoc coordinator in Preah Vihear province, said yesterday that the miner died while working for a private mining firm in ss='cambodia-color'>...

When Him Anna started to plant pepper crops seven years ago, she would have never thought that one day it would turn into a profitable business. Today, Anna is the chief executive officer of Bright starling Holdings Co, which owns starling Farm Kampot Pepper. Established ss='cambodia-color'>...

In the first seven months of this year, the bilateral trade between Cambodia and the U.s. has reached some Us$1.7 billion, up by 3.5 percent if compared to the same period in the previous year, according to the U.s. Trade Department’s figures. ss='cambodia-color'>...