News

A second police official in Ratanakkiri province has been suspended on suspicion that he demanded money from villagers so that their names could be included on a list of people eligible for land titles as part of Prime Minister Hun Sen’s new titling program, police ...

The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago. At the day’s close, stock in PPWSA ...

For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...

PRASAC Microfinance Institution, celebrating its eighteenth anniversary this year in the Cambodia microfinance market, has increased its registered capital from 15-4 billion riel to 80 billion riel. The increase of the share capital has been authorized by the National Bank of Cambodia and the company is now amending its Articles of Incorporation. PRASAC’s share capital is ...

The Securities and Exchange Commission of Cambodia (SECC) has set a minimum capital requirement for securities firms A statement from the SECC, released yesterday, said that securities underwriters are required to hold a minimum of 40 billion riel of their shareholder’s equities It also requires securities firms to maintain ...

Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...

An increase in agricultural trading has caused the value of the US dollar to dip below 4,000 riel in the past three consecutive days, as there is now a higher demand for the Cambodian riel, money exchangers and an official from the National Bank of ...

A steady rise in the value of Cambodia’s riel since the beginning of the year demonstrated increased confidence in the currency often shadowed by predominant usage of the US dollar, officials said yesterday. “The consequent rising value of riel proves there is more confidence in ...

Cambodia’s total foreign reserves jumped to US$3 billion in the first half of 2011, up from $2.7 billion at the end of last year, according to the National Bank of Cambodia. The reserves help to bolster the Kingdom’s financial standing, which in turn draws investor interest ...

Setting a minimum price for paddy is one of the campaign promises that the Pheu Thai party made to its supporters during the recent election campaign in Thailand before it was elected to power. Now it’s a matter of waiting to find out whether this ...

CAMBODIA’S prices were 7 percent higher at the end of June compared to the month in 2010, according to National Institute of Statistics official Sim Ly yesterday. Although the organisation was still preparing to release the official figures, Sim Ly said the figures would also ...

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...

While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...

Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising prices ...