Consumer prices in the Kingdom rose about five per cent year-on-year in October, according to the National Institute of Statistics, though they held steady from September. Declining food and fuel prices, along with an appreciating US dollar, were listed as the main reasons for the stabilisation ...

PHNOM PENH—In its home country, the Cambodian riel has long played second fiddle to the U.S. dollar—but a new stock exchange and government de-dollarization policies could bolster it in coming years, policy makers and experts say. Dollars change hands with greater frequency than riel in the ...

A GROUP of Japanese businessmen yesterday signed a memorandum of understanding with Sonatra Group chairman Sorn Sokna to develop a special economic zone along the Mekong River at the site of the Prey Veng ferry terminals. The ferry service is expected to become redundant when the ...

Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of  7 per cent growth and the latest forecast showed that the inflation rate ...

Cambodian paddy rice production fell only slightly during the first half of this year’s dry season, despite 12,000 hectares of usually productive land deemed unusable due to last year’s floods. According to the Ministry of Agriculture, Forestry and Fisheries, dry season paddy rice production between December ...

Ly Sothea, the director of the National Institute of Business (NIB) at the center of a scandal involving more than $30,000 that was withheld from teachers, was transferred from his position Monday to a new job at the Labor Ministry, though an Education Ministry official ...

Prime Minister Hun Sen yesterday urged landlords not to indiscriminately increase the price of rent in light of the upcoming hike in the wages of garment workers next year. Speaking at the inauguration of the Coca-Cola factory in the Phnom Penh Special Economic Zone, the ...

The number of registered vehicles surged this year due to rapid economic expansion and rising incomes this year, according to Ministry of Public Works and Transport secretary of state Min Meanvy.  ...

Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...

Despite unprecedentedly strict anti-cheating measures being implemented in last year’s grade 12 examinations, the Kingdom’s Anti-Corruption Unit pledged yesterday that punishments will be tougher still for proctors caught selling answers and accepting bribes this time around. ...

Workers at factories affected by recent garment worker strikes in the Svay Rieng province town of Bavet were paid their salaries on Saturday, suffering wage cuts that have sparked concerns about renewed protests. ...

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

Bolstered by a massive construction boom over the last few years, Cambodia now boasts one of the world’s fastest growing economies and was one of the few countries able to meet its Millennium Development Goals. In fact, Cambodia, which has halved its poverty rate in ...

Cambodia’s draft law of anti-money laundering bill has been approved today at the Council of Ministers meeting chaired by Prime Minister Hun Sen. ...

The number of cases of foot-and-mouth disease dropped significantly in first six months of 2012 compared with the three previous years, according to new report by the UN’s Food and Agriculture Organization (FAO). However, the report’s authors say the disease is still a problem for Cambodian farmers, especially owners of small farms, and can severely ...

The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago. At the day’s close, stock in PPWSA ...

Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...

Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...

Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...