The opposition sam Rainsy Party (sRP) has requested the National Assembly to reduce by 75 percent the amount of new debt the government is allowed to take on next year under the latest draft of the 2013 national budget. Opposition lawmaker son Chhay, who sent the ss='cambodia-color'>...

Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about Us$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun sen said public ss='cambodia-color'>...

CAMBODIA’s indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ss='cambodia-color'>...

The US embaSSy in Phnom Penh intendS to hold a webinar on doing buSineSS in Cambodia, providing information on the benefitS and challengeS of working in the country for US firmS. “ThiS iS the firSt webinar that will focuS on inveStment opportunitieS and an overview of&nbSp; SS='cambodia-color'>...

The U.S. haS downgraded Cambodia in itS lateSt global Trafficking in PerSonS Report for Showing no diScernable improvementS in itS effortS to combat human trafficking over the paSt year, the country&rSquo;S firSt demotion in five yearS. The 2013 report citeS an increaSe in the number SS='cambodia-color'>...

Provincial authorities in Ratanakkiri have warned ethnic Jarai villagers that they will be arrested if they continue to stop bulldozers belonging to a Vietnamese company from clearing forest in O’Yadav district’s Paknhai commune, community leaders said yesterday. sav Finh, leader of Lom village’s forestry protection committee, ss='cambodia-color'>...

U.N. human rights envoy surya subedi met with a senior official at the Ministry of Justice on Wednesday and reiterated a call for new legislation to be passed on governing Cambodia’s judiciary. “He did not ask us much on anything new, but he did ask for ss='cambodia-color'>...

A $300,000 sum to repair siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ss='cambodia-color'>...

The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ss='cambodia-color'>...

Gold in Mondolkiri is at the center of a dispute between OZ Minerals and shin Ha Mining Co Ltd after an alleged breach in contract. OZ Minerals bought out shin Ha Mining Co Ltd from their joint venture without paying the true value of the ss='cambodia-color'>...

The former deputy director of Anco Groups conglomerate and his wife have been denied bail when accused of stealing nearly $40 million. Anco Groups conglomerate is a consumer good vendor, electricity and hotel operator and is owned by Kok An. If convicted the former deputy ss='cambodia-color'>...

Villagers from Battambang province have submitted petitions to Prime Minister Hun sen asking that land management officials grant them the titles to the land they claim to have lived and worked on for 30 years. Apparently they were previously granted the right to construct homes ss='cambodia-color'>...

Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ss='cambodia-color'>...

Vietnam-based Dragon Capital is raising up to Us$100 million for a new Indochina fund, some of which the private equity firm would invest in Cambodian agriculture and infra-structure, Dragon’s chief information officer Bill stoops said yesterday. Dragon Capital has a 20 per cent stake ss='cambodia-color'>...

Cambodia could overtake Thailand’s gem export market to the United states within five years, officials said yesterday. Thailand’s growing economic status could soon disqualify it for tax exemption when exporting gems to the Us market, but Cambodia’s standing as a Least Developed Country would allow it ss='cambodia-color'>...

Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi. Total trade was Us$741 million, compared with $607 million in 2010. Cambodia’s exports to Hong ss='cambodia-color'>...

About 400 villagers in Kratie province’s Chhlong district protested yesterday in an effort to stop Kasten agro-industrial company from building houses on contested farmland, the protesters said. The company used red paint to demarcate its boundary and started building houses on the farmland in January, said ss='cambodia-color'>...

More than one-sixth of Cambodian businesses in 2011 were part of the Kingdom’s information and communications sector, a government census showed. Of the 182,439 new enterprises that sprang up in the country between June 2009 and March 2011, some 95,590 serviced the sector, according to the ss='cambodia-color'>...

Opening statements started yesterday in a trial pitting Kompong Chhnang province villagers against the wife of Minister of Industry suy sem over a long-standing land dispute. However, the plaintiffs and human rights workers monitoring the trial criticized yesterday’s proceedings, which were allowed to proceed despite ss='cambodia-color'>...

GS Engineering & ConStruction broke ground on June 18, 2008 of Cambodia&rSquo;S largeSt building the International Finance Complex in Phnom Penh but Since then haS been SuSpend or forced to downScale like all of the other building projectS in the city. Worth more than $4.5 SS='cambodia-color'>...