Loan disbursals in Cambodia’s banking sector increased by 33 percent to more than $4 billion last year, as credit to the housing market and agricultural sector saw the largest amount of growth, the National Bank of Cambodia (NBC) said in its annual report, released yesterday. While ...

The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...

Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...

Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...

The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...

Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...

Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...

Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...

Local and international organizations on Tuesday marked International Day of Persons With Disabilities by calling on the government to extend its efforts to employ more disabled people beyond Phnom Penh’s environs. A sub-decree attached to the government’s Disability Law, enacted in July 2009, states that the ...

Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...

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President Hu Jintao today becomes the first Chinese head of state to visit Cambodia in 12 years, in a trip days before Southeast Asian leaders gather for talks that may touch on territorial disputes in the South China Sea. Hu’s visit, which lasts until April 2, ...

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Registered businesses have increased in number by 37 percent to approximately 1,528 compared with the same period for 2010. Cambodian Chamber of Commerce officials say that the number of entrepreneurs has increased with them focusing on textiles, agriculture and construction. Cambodia currently has an export ...

The World Bank has ceased funding Radio National Kampuchea (RNK) as of last month due to a failure to comply to the bank’s Demand for Good Governance Project agreement. The funding ended on June 30. The World Bank granted RNK US $20 million with a ...

The trade deficit of Cambodia has reached $1.02 billion for the first six months of the year or 48.63 percent according to the Ministry of Commerce. This is as a result of exports increasing 50 percent based on year-on-year data. According to Chan Sophal, president ...

Cambodia is concerned that US debt could lead to rising import costs. US lawmakers are currently trying to pass a deficit-cut deal before Aug. 2 when the US reaches its own debt ceiling of $14.3 trillion. Without a deal the US would default on its ...

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...

A nearly half-million-dollar grant will allow a conservation project at Phnom Bakheng Temple – one of the oldest temples in the Angkor Archaeological Park – to be completed, according to the World Monuments Fund. The $450,000 grant was donated by the US Ambassadors Fund for Cultural ...