Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...

The Ministry of Health has banned the sale of medicine without a legal permit at supermarkets, mini-marts and baby shops nationwide. It said offenders face strict legal measures, including fines of up to 10 million riel ($2,500). A letter signed by secretary of state at ...

The Health Ministry yesterday said that the number of people contracting dengue fever continues to decrease across the Kingdom in the wake of a spike. The ministry noted that about 2,400 new cases were found across the Kingdom this month since a spike in July. ...

Prime Minister Hun Sen has outlined Cambodia’s strategy for tackling poverty in a keynote speech to a United Nations forum in Beijing marking the 2015 International Day for Eradication of Poverty.Addressing the gathering of leaders on Friday, the premier lauded the 1 billion people brought ...

The Cambodian Mine Action Center (CMAC) has restarted a long-dormant dog breeding program it hopes will replenish its stock of explosive-sniffing canines as well as its dwindling coffers by selling them to others, including riot police. The first litter of six Malinois, a type of Belgian ...

Authorities in Oddar Meanchey province’s Anlong Veng district have suspended traffic on the Ta Mok bridge since Monday night after the water level rose beyond the warning level because of heavy rain. The Ministry of Water Resources and Meteorology said yesterday that traffic was suspended from ...

A stern warning to clean up or pay up was issued to litterbugs yesterday, with Interior Minister Sar Kheng announcing fines for improper waste disposal across the country. According to the sub-decree, people who do not follow guidelines on separating waste, or who dump or ...

Tourists and locals visiting Kampot can now find organic vegetables, fruit, seafood and a range of other local products after a new market opened in the city last week.The new facility, known as Common Market and created in collaboration with the Alliance of the Marine ...

The Cambodia Mine Action Centre has received a grant of more than $170,000 from APOPO, a rat-demining organization, to support the HeroRat activities in clearing landmines in Siem Reap province. Also, in 2018, CMACC will also receive $1.2 million from the United Nations Development Program ...

Cambodia’s accounting and finance industries have seen the healthiest growth over the past three months, followed by jobs in sales, hospitality, management and marketing, according to the latest report by jobs website Everjob. More than 2,500 positions in the accounting and finance sectors were listed on ...

The capital’s listed water utility posted higher revenue against lower earnings during the third quarter of the year in a filing to the Cambodian stock exchange yesterday. Phnom Penh Water Supply Authority (PPWSA) saw its revenue rise by $1 million, or 8 percent, year-on-year to $13.9 ...

The government, this year, intends to transfer it’s budget to individual town district authorities, and to vouchsafe into their hands from 2013 onward, aiming to push forward decentralization, said an interior ministry official. The budget, of on average US$ 35,000 per year, is in process of being transferred to the individual 193 town-district authorities across ...

Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...

Axiata Group Bhd is set to strengthen its foothold in Cambodia through a merger between Hello Axiata Company Ltd and Latelz Company Ltd, which it acquires for a consideration of US$155mil (RM473mil). In a statement, Axiata announced that its Cambodian arm had entered into a sales ...

Cambodia’s rubber price is expected to fall further in coming years while government projects aimed at doubling rubber resin production will take effect by 2015, according to the latest figures from the Rubber General Department. Mak Kimhong, president of the Cambodia Rubber Association and owner of ...

Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...

Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...

Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...

Civil society groups yesterday urged the international community to put more pressure on the government to ensure the safety of prisoners arrested in recent crackdowns and to prevent further police and military violence against civilians. At a press conference yesterday morning, images of soldiers beating and ...

Representatives of more than 250 ethnic Lao families in Stung Treng province, near the border with Laos, met under a mango tree Monday and decided to reject a compensation package offered by the developer of the Lower Sesan II dam. In January, the government approved a ...