Echoing longstanding calls from conservation groups, the World Bank says in a new report today that governments need to look past low-level criminals to tackle illegal logging and to follow the money the illicit trade generates instead. That trade of illegal logging generates up to $15 ...

The contractor in charge of rebuilding Cambodia’s national railway has been cutting corners on the health and safety of its workers, according to a report published yesterday by the Asian Development Bank. TSO-AS & Nawarath, a French-Thai joint venture, was reportedly found to have grossly violated ...

As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price  no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

Following the release of the Ministry of Environment’s annual report, eco-activists have urged it to crack down on influential oknhas who allegedly flouted the Kingdom’s environmental protection laws. A total of 278 cases of natural resource crimes were sent to Cambodian courts in the first ...

KrisEnergy (Apsara) Co Ltd signed a conditional letter of award with PT Profab for the supply of a minimum facilities wellhead “mini-platform” for the Apsara oilfield – Cambodia’s maiden oil development – its Singapore-based parent company KrisEnergy Ltd said on Wednesday. The move is a ...

Cambodia last week asked the United States to increase investments in the Kingdom, claiming that working conditions here have improved dramatically in recent years. The appeal was made by Commerce Minister Pan Sorasak in a meeting on Friday with US Ambassador Patrick Murphy. Mr Sorasak ...

National Bank of Cambodia (NBC) governor Chea Chanto said on Monday that the Kingdom’s economy has maintained robust growth with low and manageable inflation which paves a favourable path for the banking sector’s continuous development. Meanwhile, fintech is playing an important role in the financial ...

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

Two Chinese companies plan to invest in a car assembly plant and an organic fertiliser processing plant in Cambodia, following a visit by a delegation of 20 company representatives from Shandong province last week. The delegation was led by Shandong provincial vice-governor Wang Shujian, who met ...

A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...

The government will ramp up the budget for provinces by more than $276 million next year to provide high quality and efficient services to the public, an increase of 32.28 percent from this year’s budget.​ Public Functions Minister Pich Bunthin yesterday said at a workshop ...

Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...

While tourism numbers in Cambodia are growing rapidly, visitors might increasingly have a hard time finding a restaurant to their liking since the country is experiencing a shortage of qualified personnel, especially waiters and chefs, accordingly to the Cambodia Restaurant Association. “The tourism industry needs at ...

The Svay Rieng Provincial Court has charged a local police official with causing “unintentional injuries” during a shooting in February that left three garment factory workers injured in Bavet City, court officials said yesterday. Former Bavet City Governor Chhouk Bundith was charged with the same crime ...

About 60 farmers met yesterday in Phnom Penh to rise their concerns about the law on the management of farmland that is currently being drafted by the Ministry of Agriculture, which critics say will legalize land grabbing. The latest public version of the draft law grants power ...

A cassava grower in Siem Reap’s Srei Snom district has accused a district police chief and a deputy commune chief of cheating him out of his land after they doctored the grower’s testimony in a court case. Em Socheat, a lawyer for land owner Yem Savuth, ...

With cargo traffic at the Phnom Penh Autonomus Port growing rapidly, a nearly completed container terminal just south of the city on the Mekon River should help ease the congestion. The 30-hectare port, in Kandal province’s Kein Svay district, was completed late last month, though cranes ...

China has done a lot to support Cambodia over the years, with millions of dollars in aid, loans and investment. But after reports last week that China has pledged another $500 million in soft loans and grants-and publicly thanked Cambodia for its support in Southeast ...