Cambodia’s central bank won’t recognise bitcoin as a form of payment, making the Kingdom the latest Asian country to reject the digital currency. National Bank of Cambodia director-general Chea Serey confirmed the regulator’s stance on the issue on Wednesday, citing the absence of any e-commerce law ...

Canadian-owned company EnerCam Resources Co Ltd (EnerCam) is studying the possibility of investing in oil extraction from Cambodia’s offshore Block A after the government terminated an agreement with Singapore-based KrisEnergy Ltd, after the oil and gas exploration company went bankrupt last year. ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...

About 30,000 garment workers from 40 factories in Svay Rieng province yesterday were told to return to their jobs after being sent home Monday amid fears a strike over the minimum wage would turn violent. Has Bunthy, a provincial department director at the Ministry of Labour, ...

Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...

The 45th ASEAN Foreign Ministers Meeting (AMM) kicked off in Phnom Penh on Monday, focusing on politics, security, food and energy security, economics and culture in order to further advance the bloc’s cooperation toward a community by 2015. Cambodia’s Prime Minister Hun Sen said thatafter 45 years, ...

An unnamed special economic zone (SEZ) is set to break ground on a one-million square metre plot in Kampong Cham province’s Cheung Prey district “soon”, according to provincial governor Un Chanda. The governor revealed this to the media on January 9 on the sidelines of a ...

The government has created a new interministerial committee to manage the activities of international NGOs, with an Interior Ministry official yesterday saying the body was intended to monitor organisations’ compliance with the controversial NGO Law. ...

After a five-month IPO process steeped in anticipation, Grand Twins International ended its first day on the Cambodia Securities Exchange (CSX) with results many observers found disappointing. GTI shares opened yesterday’s session at 9,700 riel ($2.41), with a ceremonial bell ringing at the CSX’s head office. ...

The government this weekend hit back at criticism of its embassies in China, Malaysia and Thailand, insisting that they are helping migrants in need. ...

Cambodia’s top economy builders are looking to bring back Thai investment that has departed the country since the onset of political clashes involving Preah Vihear temple in northern Cambodia. officials at the Council for the Development of Cambodia (CDC) yesterday hosted 30 delegates from the Thai ...

While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...

The World Bank (WB) has released a set of recommendations for Cambodia’s sustainable blue economy development along with an analysis that focuses on three fundamental areas sectors related to marine policy, marine spatial planning and coastal livelihoods including blue growth sectors, said a report released ...

PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...

Minister of Agriculture, Forestry and Fisheries Dith Tina met with Australian Ambassador to Cambodia Pablo Kang on the afternoon of November 4 to discuss bilateral cooperation in the agriculture sector. ...

Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on Saturday. Chinese state news agency Xinhua reported that the total value ...

In May, Chinese investment in Cambodia accounted for almost 50% of total financing, with domestic investment accounting for over 30%, while the US lagged behind at less than one per cent, according to the Council for the Development of Cambodia (CDC). ...

The governor-general of New Zealand, Lieutenant General Jerry Mateparae, began a four-day visit to Cambodia on Thursday at the invitation of King Norodom Sihamoni to promote bilateral relations between the two countries. “The visit reflects the priority New Zealand attaches to its relations with the ...

Cambodian businesses need to adapt and digitise their financial operations if they want to remain competitive regionally and around the world, industry insiders said yesterday. ...

Cambodia’s economy is projected to expand 5.6 percent this year and 6.1 percent next year, up from 5.2 percent last year, the International Monetary Fund (IMF) said Tuesday. ...