There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...

Prime Minister Hun Sen left recommendations for the Veterans Confederation of Asean Countries (Veconac) to help it attain new achievements in the interest of the general welfare of veterans in each member-nation. The recommendations were made on Tuesday at the 19th General Assembly of the ...

Cambodia attracted 1.79 million foreign visitors in the first five months of the year, up 19 per cent over the previous year. From January to May, Vietnam remains the main source of visitors with 341,000 tourists, up 11 per cent year-on-year, followed by South Korea with ...

Phnom Penh’s growing importance as a business destination has brought with it many opportunities and infused the market with a growing sense of ambition. Few developments embody this new ambition better than Vattanac Capital Tower, which will throw open its doors this spring. “Cambodia’s seen nothing ...

A new set of prakases tacked onto a law that regulates overseas employment recruitment agencies is a “step in the right direction” towards protecting some of Cambodia’s most vulnerable citizens from scams and abuse, local and international NGOs said yesterday. But some remain unconvinced that the ...

The number of passenger arrivals at the Kingdom’s airports rose to 1.37 million in the first six months of the year, up 10 per cent from 1.24 million visitors in the same period in 2013, according to figures from Cambodia Airports. The figures include both international ...

In engaging with external partners, ASEAN needs to maintain its Centrality, both in words and, in deeds, amid rising geopolitical competition among major powers while stressing the principles of openness, transparency, and inclusiveness. ...

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...

Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. banks in the country have been required to publicly disclose financial ...

South Korea plans to restore the ancient Khmer temple, Preah Pitou at western Baray and other temples in Siem Reap, home of a world-class tourism destination. The restoration project was announced after the meeting between Deputy Prime Minister Dr. Sok An, Minister in charge of ...

Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...

The Greater Mekong Sub-region development scheme, which celebrates its 20th anniversary this year, is moving forward with a new generation of investment aimed at strengthening connectivity, competitiveness and community over the next decade. The GMS will play a strategic role in connecting Southeast Asia with South ...

Cambodia and South Korea signed a memorandum of understanding yesterday, agreeing to work together to ensure worker protection. Last month,  a Kampong Speu shoe factory collapse killed two workers. The incident inspired the Ministry of Labour to implement a Health and Safety Network for workers here ...

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the Bank’s governor, told an annual meeting in late January that ...

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

The National Bank of Cambodia (NBC) on Monday launched the ‘Bakong Tourists App’ helping foreign tourists in Cambodia to make payments using the country’s universal KHQR code at over 3.3 million retail merchant outlets. ...

Just over a year since the World Bank froze its funds to the government, the Bank yesterday reiterated that a decision on whether or not it would start providing loans again remains nowhere in sight. In August, the World Bank announced that it would not provide ...

Consumer interest in gold has increased in Cambodia even with the price of gold at a record high. Gold is up more than $333 from the same time last year. The increase in gold prices is said to be a result of the 2008 financial ...

The Asian Development Bank has provided $69 million for Cambodia to make major upgrades of provincial roads in some of the country’s poorest provinces, according to an ADB statement Wednesday. The Provincial Roads Improvement Project, financed by a $52 million loan from ADB Special Funds and ...

The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...