The Ministry of Foreign Affairs and International Cooperation has reacted to the European Commission’s (EC) decision to partially suspend the Everything But Arms (EBA) scheme, saying it did not reflect the reality in Cambodia. An analyst also said the suspension would not make the Cambodian ss='cambodia-color'>...

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ss='cambodia-color'>...

As the majority of the population opts to stay home during the pandemic, the domestic demand for energy has been running high. Data from the Mines and Energy Ministry stated as of last year, around 2.68 million households, or approximately 75 percent of the country’s ss='cambodia-color'>...

Police seized more than two tonnes of dangerous counterfeit medication on saturday and arrested a Phnom Penh pharmacy owner in a sting officials say has netted the largest-ever haul of illegal medication in Cambodia. After nine days of surveillance, the Ministry of Interior’s Economic Police unit swooped ss='cambodia-color'>...

The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh special Economic Zone (PPsP)’s share ss='cambodia-color'>...

Representatives of Cambodia’s booming tourism industry yesterday called on the Asian Development Bank to provide funding for workforce training in the sector. During the meeting at the Cambodia Chamber of Commerce, tour operator Ho Vandy, who also co-chairs the Tourism Working Group in the Government-Private sector Forum, said representatives ss='cambodia-color'>...

Charles Cheo, managing director of Forte Insurance, is sanguine on the growth prospects of Cambodia’s Us$30 million general insurance market, even though there are five other general insurers competing against Forte, and three new life insurers entering the market. Forte established a presence in Cambodia in ss='cambodia-color'>...

Sumitomo MitSui Banking Corporation&nbSp;(SMBC) of Japan will Sign a memorandum of underStanding with&nbSp;Acleda Bank Plc&nbSp;thiS weekend for mutual buSineSS co-operation. Senior Acleda officialS Said the agreement would help to improve inveStment and trade from Japan to Cambodia. &nbSp; Acleda will alSo give JapaneSe inveStorS and buSineSSeS advice SS='cambodia-color'>...

The unclear future of Cambodia’s national railway, following Toll Royal Railways’ suspension of operations on March 31, has cast doubt not only on the oft-delayed redevelopment project but also on a larger build-out expected to connect much of Asia. Toll Royal, a joint venture by Australian ss='cambodia-color'>...

Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the world and Cambodia will see it’s foreign and local visitors decline by about 70 percent and 50 percent ss='cambodia-color'>...

Interior Minister sar Kheng yesterday held a meeting to review a draft law on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in a bid to curb money laundering in the Kingdom. The move is motivated by the global money-laundering watchdog Financial Action ss='cambodia-color'>...

Cambodia’s telecommunications regulator yesterday stepped up efforts to avert a brewing price war between the country’s six mobile network operators, ordering the companies to submit profitability statements within the next 10 days and summoning all operators to a meeting at the end of the month ss='cambodia-color'>...

Crop-friendly weather is set to underpin growth in Cambodia’s output of crude palm oil beyond prior estimates, industry insiders have said. The oil palm, also known by its botanical name Elaeis guineensis, is a tropical plant cultivar which is said to have originated in the ancient ss='cambodia-color'>...

A proposed 150MW hydropower project on the upper reaches of the Tatai river in Koh Kong province’s northern Thma Bang district is looking more likely to happen, as the government strives to promote investment in the electricity sector and increase supply. Provincial deputy governor sok ss='cambodia-color'>...

SHE InveStmentS, a Social enterpriSe to Support women micro-Small entrepreneurS (MSMES) iS joining aS a Cambodian partner for Youth BuSineSS International&rSquo;S Rapid ReSponSe Recovery Programme, funded by Google.org, to Support women entrepreneurS to build digital literacy SkillS to enable them to recover and rebuild from SS='cambodia-color'>...

In a first for the Cambodia securities Exchange (CsX), a listed bond were traded on the secondary market on November 24, data from the bourse show. As a result, south Korea-owned Phnom Penh Commercial Bank Plc’s (PPCBank) first bond offering (PPCB23A) on the CsX saw ss='cambodia-color'>...

A closer look at the World Health Organization’s (WHO) Global status Report on Road safety 2015 has revealed some rather disturbing information – Malaysia is amongst the lowest-ranked nations in south East Asia (sEA) when it comes to seat belt law enforcement and awareness on ss='cambodia-color'>...

Royal Group Koh Rong Development Company and Sinohydro Corporation Limited reached a $35 million deal on TueSday to build a 70km road on Koh Rong ISland. The road will be 8m wide and iS expected to take 16 monthS to complete, according to the plan SS='cambodia-color'>...

A feasibility study on waste-to-energy plant has been proposed to be conducted in siem Reap province, aiming to convert waste to energy and keep the city clean. Proposed by China’s MIZUDA firm, the 12-megawatt waste-to-energy plant needs at least 210,000 tonnes of waste a year ss='cambodia-color'>...

The Permanent Mission of Cambodia in Geneva has hit back at three United Nations human rights experts, who expressed alarm over what they called the ‘naming and shaming’ of COVID victims. The Mission said that Cambodia’s response to the coronavirus aims to “ensure that precious ss='cambodia-color'>...