News

Prime Minister Hun Sen has issued a directive for the ministries of Public Function and Finance to cooperate with state institutions to ensure that civil servants are paid by the fourth week of every month. The directive, signed by Mr. Hun Sen and dated January 29, ...

The Asian Development Bank (ADB) has for the first time admitted to major flaws in its efforts to protect the roughly 4,000 families losing land to a $143 million project it is funding to rehabilitate Cambodia’s dilapidated railway system. On Friday, the ADB said it would ...

Prime Minister Hun Sen on Friday assigned former Finance Minister Keat Chhon as the head of a newly formed committee tasked with researching the government’s capacity to introduce wage increases for civil servants and factory workers. The statement said that Mr. Hun Sen also spoke ...

Trucks and other vehicles have been backed up for up to a kilometer on either side of the Poipet border checkpoint for the past three days due to administrative changes on the Thai side, according to Cambodian officials. Khiet Bunleap, chief of staff for the Poipet ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s development in all fields could not be detached from China’s aid and vowed to further deepen ties between the two countries. According to the figures recorded by the Cambodian Finance Ministry, to date, China has ...

Cambodian political analysts said Prime Minister Hun Sen needs to make “serious and deep reforms” over the next five years to restore his popularity after his party survived with a slim majority in July’s disputed general election. Sok Touch, deputy director of the Royal Academy ...

Chea Serey, the daughter of National Bank Governor Chea Chanto, has been promoted to director-general of the central bank, she confirmed this week. Ms. Serey will replace Nguon Sokha, who said that she left the National Bank about a month ago after being appointed as a ...

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

The Finance Ministry on Wednesday defended itself against recent reports that some 45 percent of the government’s $3.4 billion draft budget for 2014 remains unallocated, issuing a statement explaining that the money will pay for loans, subsidies and other vital expenses. According to the statement, ...

The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...

The National Assembly’s CPP-run finance committee approved the country’s $3.54 billion draft budget for 2014 Wednesday, its last hurdle before debate and a possible vote can be held by the full Assembly, where the opposition is still refusing to take nearly half the seats. “After the ...

The Bar Association of Cambodia has written to Justice Minister Ang Vong Vattana requesting that an official price be set for photocopies of court case files, claiming that court clerks are taking advantage of the current system by charging lawyers extortionate amounts. The letter, dated October ...

Some 9.5 million Cambodians who directly engage in agriculture must adopt new techniques in order to counter dynamic weather patterns caused by climate change, and the government must work with farmers to ensure that it happens, an agricultural conference was told last week. Flown in from ...

A day after its opening session and still devoid of the 55 lawmakers-elect of the opposition CNRP, the country’s new, one-party National Assembly voted Prime Minister Hun Sen in for yet another five-year term Tuesday and approved an extensive re­shuffle of his Cabinet. In a ...

The National Police commissioner has ordered police chiefs to stop taking money from law enforcement officials’ salaries for apparent good causes. A statement signed by General Neth Savoeun, dated August 22 but obtained Thursday, said police chiefs at all levels must cease the practice, which takes ...

The Ministry of Education on Tuesday again publicly accused the Ministry of Finance of not injecting enough funds into the education sector in order to bring Cambodia in line with the rest of Southeast Asia. Speaking at the close of a two-day workshop to formulate the ...

In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

Private car owners could soon be required to buy motor insurance if a planned law amendment gets the green light, stoking optimism that such a bill could put the brakes on Cambodia’s high rate of hit-and-run accidents. Currently, only commercial vehicles, such as buses, legally require ...

The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...

Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National Bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...

More than 50 engineers employed by Japan’s Sumitomo Mitsui Construction Co. Ltd. to work on a new Neak Loueng Bridge in Kandal province protested on Wednesday over paying income tax of 10 percent and are threatening to go on strike again if their employer dose ...

Going by the World Bank’s method of grouping nation states by their wealth, Cambodia this year could become a lower-middle income country. Not satisfied, however, with this graduation—a feat in itself from Cambodia’s position of extreme poverty just two decades ago when gross domestic product (GDP) ...

The Council of Ministers on Friday approved a draft law amending three articles in the law on anti-money laundering and the financing of terrorism in order to make Cambodia more investment-friendly. Last month, the National Bank of Cambodia’s Financial Intelligence Unit (FIU), law enforcement officials ...