Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...

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 ...

Improved quality coupled with growing international demand has sent crab prices escalating over the past year, officials said on Wednesday. In some provinces, the price has jumped as much as 66 percent during the past 12 months. Lang Kery, chief of the Koh Kong provincial Fishery Administration’s ...

A senior White House official has again indicated that U.S. President Barack Obama is expected to attend the East Asia Summit in Phnom Penh in November. U.S. Assistant Secretary of State for East Asia and Pacific Affairs Kurt Campbell reiterated Mr. Obama’s plans to attend the ...

Ninety-one NGOs put their names to a statement yesterday condemning the government’s escalating use of armed force against peaceful protesters and urged the authorities to engage with them to “break the current cycle of violence and impunity.” Joined by local human rights groups such as Adhoc ...

Stevia Nutra Corporation — (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...

Over 70 judges and justice ministry officials from throughout ASEAN gathered at a U.S.-supported ASEAN legal and judicial cooperation workshop in Cambodia this week for an unprecedented exchange of ideas on the rule of law in the ASEAN region. Representatives from the ASEAN Senior Law Officials Meeting (ASLOM), ASEAN Member State judicial bodies, and the ASEAN ...

The World Bank has denied a report that it is preparing to fund a new education project in Cambodia, 10 months after the bank froze all new lending to Cambodia to protest evictions and Phnom Penh’s Boeng Kak lake. In The, an undersecretary of state ...

The Danish company Go4 Bunker, which has developed their “Smart bunker system” in partnership with Shenfei Group Co and Maersk Broker K/s, wants to partner with Cambodian companies to develop not only the Cambodian Offshore Marine Fuel Oil Business, but also related business in connection ...

Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. “Economic output growth is vulnerable due to the still large ...

Provincial authorities have reported an influx of people from Phnom Penh to the provinces over the three-day Water Festival celebration, while vendors who set up shops on Koh Pich in the capital during the holiday said that they had barely broken even. This year saw ...

Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...

Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, received 2.06 million foreign visitors last year, up 28 percent compared to 1.61 million in a year earlier, a tourism report said Tuesday. The temple greeted 339,530 South Koreans last year, up 23 percent year-on-year; ...

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...

Two ethnic Banong communities in Mondolkiri province’s Keo Seima district have completed the final stage in the process to receive rare collective property titles, and are set to receive ownership documents early next month, an official at the Canadian International Development Agency (CIDA) said. Kan Vibol, ...

Pursat Provincial Court yesterday sentenced a military official, Poung Puthearith, to two years in jail – suspended to six months – on charges of threatening and obstructing the works of a forestry official, a court official said. Puthearith was arrested by the Anti-Corruption Unit ...

Beehive radio owner Mam Sonando, along with two others appeared in the Court of Appeals Thursday to listen to their verdicts. The sentence was changed from five years to eight months imprisonment, but will be released on March 16, 2013 for having spent the same amount ...

The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...

A commune official in Pursat province’s Veal Veng district has filed a lawsuit accusing a human rights worker of incitement and disinformation after villagers the NGO staffer spoke to traveled to Phnom Penh to protest over a land dispute involving a well-known businessman Try Pheap. Pursat ...