News

The Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before it is listed on the Cambodia Securities Exchange late next month. ...

Thaneakea Srov (Kampuchea) Plc, the recipient of a low-interest $15 million loan from the state-run Rural Development Bank, inked contracts yesterday with three companies to build and outfit its massive 200,000-tonne capacity silo and warehouse facility in Battambang province. ...

Cambodia is sending 429 peacekeepers to participate in the United Nations’ joint activities in Mali and South Sudan today as 309 officers in the region are due to return on Friday. ...

Land Management Ministry officials met with a consortium of NGOs at their main office in Phnom Penh on Monday to discuss 11 of the country’s largest land disputes, despite decisions on resolving such matters normally being made at a sub-national level, a land rights advocate ...

Cambodian startups currently face several regulatory challenges in pursuing growth and profitability, according to three of the Kingdom’s most successful startup founders who shared their experiences over the weekend with the hope to inspire increased innovation and entrepreneurship. ...

Beijing has agreed to increase the number of Cambodian rice exporters allowed to sell to the Chinese mainland. The Ministry of Agriculture has been advised that eight more companies will be granted licenses, taking the total to 34. ...

Japan inked the $16 million deal through the Japanese International Cooperation Agency (JICA) in February 2016. However Chou Kimtry, deputy director of the municipal department of transport, said yesterday the traffic lights will not be operational until February 2018. ...

Chinese locomotive and railway equipment giant CRRC Zelc is to conduct a feasibility study into the investment potential of Cambodia to help improve the kingdom’s railway system while contributing to the One Belt; One Road initiative.   ...

The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...

The government is urging vegetable growers to reduce their reliance on pesticides and cut imports from neighboring countries to protect the health of consumers.​​ ...

Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank of Ayudhya, Hout Ieng Tong, president and CEO of HKL, confirmed yesterday.  ...

This year’s early rains and a swift response to drought-like conditions in two provinces will spare Cambodia the searing droughts that plagued it in 2015 and 2016, the National Committee for Disaster Management (NCDM) said yesterday, though one development partner cautioned that lasting drought preparedness ...

The two main political parties contesting the upcoming commune elections revealed disparate campaign budget plans yesterday, with the opposition pledging to spend over $1 million and a spokesman for the ruling CPP saying his party will not be creating a central campaigning budget at all. ...

Sany Heavy Industry, one of the biggest manufacturers of heavy construction machinery in China’s Hunan province, plans to expand in Cambodia to tap into rising infrastructure development. ...

The Health Ministry has warned all Cambodians to drink lots of water and keep cool, as hot season temperatures near 40 0C. The ministry’s Communicable Disease Control department also advised the public to avoid alcohol and drink only boiled or filtered water to prevent food poisoning ...

The Immigration Department has detained 27 Vietnamese migrants suspected of being in Cambodia illegally. The undocumented workers, 20 men and seven women, were arrested on Friday in Phnom Penh’s Toul Kork district. ...

Phnom Penh Municipal Police have denied failing to distribute uniforms to thousands of staff, threatening legal action against officers who leaked “fake news” of the claims to the media. ...

Russia has announced a wide range of measures to help establish an information center in Phnom Penh as part of Cambodia’s development of nuclear energy. ...

Banteay Meanchey provincial police intercepted hundreds of Cambodian laborers as they tried to cross illegally to Thailand over the weekend. ...

Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General department of taxation director-general Kong Vibol told a meeting chaired by Finance Minister Aun Pornmoniroth yesterday that the collection figure was a ...

The National Bank of Cambodia will develop a blockchain-based payment system with help from a Japanese financial technology startup to offer people a secure, low-cost way of sending and receiving money.   ...

Vietnamese Prime Minister Nguyen Xuan Phuc will pay an official visit to Cambodia from April 24 to 26, said a Cambodian foreign ministry statement on Thursday.​ ...

The Indian government has honored its pledge to ensure rural people across four Cambodian provinces get desperately needed access to clean water.​ Yesterday marked the long-awaited arrival of 1,500 hand pumps which will be distributed to Tbong Khmum (1,250), Kampong Chhnang and Banteay Meanchey (100 ...

The manager of an illegal timber warehouse owned by Lieutenant General Chheng Long was arrested in Kampong Speu on Wednesday, although Long and his son-in-law remain at large. ...