News

The Asian Development Bank (ADB) on Thursday signed up to provide 230 million U.S. dollars to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the bank’s media statement. The financing agreements were inked between Eric Sidgwick, country ...

Regional conservationists criticised the Mekong River Commission (MRC) yesterday for leaving the controversial Xayaburi Dam off its agenda at this week’s annual ministerial meeting in Luang Prabang, Laos. Laotian authorities said they would confirm their decision to go ahead with the hydropower project in the mainstream ...

Cambodia exported more than 200,000 tons of milled rice in 2012, the greatest yield on record, though well short of the government target to export 1 million tons by 2015. Speaking at the Ministry of Agriculture’s annual meeting in Phnom Penh, Agriculture Minister Chan Sarun said ...

An Australian businessman who once fronted a telecommunications firm in Cambodia has been sent to Prey Sar prison on fraud charges in a case one of his associates said was triggered by a disgruntled partner in a failed business venture. Frank May, 63, the former chief ...

The convicted ringleader of a so-called secessionist movement in May in Kratie province, who is currently in self-imposed exile to avoid a 30-year prison sentence, has said that he will soon return to Cambodia to organize a large-scale demonstration against the government. Bun Ratha—who was sentenced ...

Representatives of a dozen large Japanese companies arrived in Phnom Penh on Tuesday looking for business opportunities in the kingdom. Hidetoshi Nishimura, executive director of the Economic Research Institute for ASEAN and East Asia, led the delegation, whose members represent firms in industries such as technology, ...

Prime Minister Hun Sen yesterday announced that the government would begin levying a tax on agricultural land transfers that are valued at more than $25,000. “The government has decide to tax 4 percent on land that cost more than 100 million riel [about $25,000],” Mr. ...

Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...

Police in Phnom Penh yesterday raided nine DVD shops at Tuol Tom Poung market in Chamkar Mon district, confiscating hundreds of illegally reproduced movies at the joint request of the Ministry of Culture and local movie distributor Westec Media Limited. Sao Bunthoeurn, deputy director of ...

Office rental growth in Phnom Penh increased 10 to 15 per cent by the end of 2012, said an official of the Cambodian Valuers and Estate Agents Association, as the number of local and international companies have risen significantly. Chrek Soknim, deputy director of VTrust property ...

About 80 families travelling to Phnom Penh from Kampong Chhnang province for a land dispute-related protest yesterday were blocked on their way to the capital and told to resolve the matter locally. The villagers are locked in an unusual land feud with an agricultural firm, ...

Noise from a loudspeaker yesterday cut through the usual peace on street 282 in Phnom Penh’s Beoung Keng Kang 1 neighbourhood, as five former massage workers at upscale spa Aziadee protested the sudden termination of their contracts. Waving posters in front of the shop ...

China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. Those investment numbers, from the Council for the Development of Cambodia, from 1994 to 2011, do not take into ...

Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...

Heavy rainfall over the weekend has destroyed all the salt that was due to be harvested this month in Kep and Kampot provinces, farmers said yesterday. “The salt that we planned to harvest this week was completely destroyed because of heavy rain,” said Um Chon, chief ...

During a joint investigation with police and military police last week, the Forestry Administration found evidence of large-scale illegal logging by the Vietnamese owners of a rubber concession in Ratanakkiri province’s O’Yadaw district, officials said yesterday. ...

Cargo shipments through Sihanoukville’s Deep Sea Port increased more than seven per cent year-on-year in 2012. Port officials say this growth is a result of Cambodia’s economic performance and an improving global economy. “It is a fast rate of growth compared with previous years. We had ...

As Cambodia’s economy continues to grow, advertising in the country has developed to keep pace. But the industry still faces challenges, insiders say. According to Media Adex data by Indochina Research, which monitors advertising spending for TV and print (but not radio) $105.4 million was ...

More than 2,000 student volunteers yesterday were sent to measure land in 19 provinces, starting the second phase of Prime Minister Hun Sen’s nationwide land-titling program. Of the 2,016 volunteers, 1,362 are new and the rest are returning for the second time. ...

On the heels of a year in which the deaths of endangered Irrawaddy dolphins rose – as much as 100 per cent by some estimates – the government is paving the way for greater enforcement of conservation measures along a protected stretch of the Mekong. Touch ...

It will not be enough for Apple to simply offer a cheaper iPhone for the company to gain share in the competitive Cambodian smartphone market, according to industry insiders. They say Apple’s operating system, iOS, may also restrict their potential growth. Bloomberg last week reported that Apple ...

More than 2,000 workers demonstrated in front of Phnom Penh’s Gladpeer Garment Factory yesterday, demanding a higher minimum wage and several other concessions. The workers decided to strike after the Por Sen Chey district factory did not respond to repeated requests to raise their monthly minimum ...

The tourism sector has complained about the attempted extortion and bribery by officials at the international border checkpoints that still upset tourists coming into Cambodia. The issue was raised yesterday during a meeting of the Interministerial Committee for Facilitating the Travel and Transport of Tourists and ...

Prime Minister Hun Sen lashed out at unnamed critics yesterday, saying there was no corruption in large-scale development projects backed by foreign aid. “[For example] as for the Neak Leung bridge or Kizuna bridge Japan runs its bids in Tokyo. Therefore, only Japanese companies have the ...