Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to lass='cambodia-color'>...

Agreements for two Japanese official development assistance (ODA) projects for Cambodia were recently signed at two separate ceremonies One ODA project amounts to US $53.3 million loan for the West Tonle Sap Irrigation and Drainage Rehabilitation and Improvement Project. The other project involves a US $700,000 lass='cambodia-color'>...

The launching ceremony of the Agro-products Cooperative (SAC) shipping center in Svay Rieng province last week took place in the presence of several dignitaries, including Fujimoto Toshiki, the second secretary of the Japanese embassy, Mam Amnot, secretary of state at the Ministry of Agriculture, and lass='cambodia-color'>...

More than 250 families ordered to leave their homes next to Phnom Penh International Airport to make way for expansion plans yesterday with City Hall to fight the eviction. The 256 families living in three villages in Pur Senchey district’s Choam Chao commune are demanding compensation lass='cambodia-color'>...

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by lass='cambodia-color'>...

The National Bank of Cambodia (NBC) was established through the law on the organization and conduct of the National Bank of Cambodia in 1996.1 NBC is the nation’s central bank, whose mission is to determine and direct the monetary policy in order to maintain price lass='cambodia-color'>...

Prime Minister Hun Sen yesterday accused the opposition Cambodia National Rescue Party of hypocrisy, claiming that although the CNRP has pushed garment workers to strike for no less than a $160 minimum wage, party leaders pay their own bodyguards, drivers and cooks half that. Opposition leader lass='cambodia-color'>...

Workers with heavy machinery began repairing Phnom Penh’s busy Street 63 on Thursday in order to get rid of the potholes and cracked concrete that has turned the street into a divot-ridden, water-logged throughway since new pipes were laid six months ago. The Japanese International Cooperation lass='cambodia-color'>...

The 8th ASEAN Ministerial Meeting for Social Welfare and Development will be held in Cambodia’s Siem Reap City from Sept. 3 to 7, according to a statement of Cambodia’s Ministry of Social Affairs released Thursday. lass='cambodia-color'>...

The opposition CNRP made another pitch for an end to free trade benefits for Cambodian sugar exports to the European Union at a meeting in Phnom Penh on Wednesday with visiting European Parliament members, blaming the benefits for effectively subsidizing companies that are evicting poor lass='cambodia-color'>...

210 families live in Sna Sangkram village, Balong commune, Prasat Bakong district, Siem Reap province that has a land dispute with the Apsara Authority demolished tents from the disputed land overnight after authorities threatened to use force. lass='cambodia-color'>...

Cambodia plans to attract up to 300,000 Japanese tourists to the Kingdom by 2020, as direct flights connect Phnom Penh with Tokyo early next month, Minister of Tourism Thong Khon announced yesterday. lass='cambodia-color'>...

About 1.36 million international tourists visited Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, in the first eight months of this year, a 31 percent rise compared with 1.04 million during the same period last year, a report of Siem Reap provincial tourism lass='cambodia-color'>...

“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And lass='cambodia-color'>...

New car sales noticeably increased in the first quarter of this year, a contrast to the year earlier period when sales dropped compared with the first quarter of 2011, officials said. Major car dealers in Cambodia said yesterday the jump is due to improvements in lass='cambodia-color'>...

Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross do­mestic product (GDP) growth for 2012 lass='cambodia-color'>...

Against the sound of heavy drumming and chanting, the commercial quickly flips from scenes of elephant-mounted Angkorian warriors to the present day—young military cadets jogging in formation, performing calisthenics and playing football. lass='cambodia-color'>...

A Defense Ministry spokesman yesterday denied Thai media reports that Cambodian Minister of Defence Tea Banh had discussed the potential reopening of access to Preah Vihear temple from the Thai side of the border during recent talks. lass='cambodia-color'>...

A day after a bipartisan election reform committee put the neutrality of proposed areas of reform, Defence Minister Tea Banh reiterated that the armed forced would not tolerate opposition supporters calling for Hun Sen to step down. lass='cambodia-color'>...

Prime Minister Hun Sen approved a request from Defense Minister Tea Banh last week to promote 29 lieutenant generals to the rank of four-star general, according to a statement from the Ministry of Defense. The promotions, which follow repeated calls from General Banh last month for lass='cambodia-color'>...