Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that <a href='https://opendevelopmentcambodia.net/km/news/central-bank-halts-new-licenses-for-now/ ' class='cambodia-color'>...a>

Mobile operator Beeline announced Friday the appointment of the company’s second new general-director in less than three months. Said abbadi, who formerly worked as CEO of Newroz Telecom in Kurdistan, started as Beeline Cambodia’s new boss on July 17, the company said in a statement. The <a href='https://opendevelopmentcambodia.net/km/news/beeline-appoints-second-boss-in-three-months/ ' class='cambodia-color'>...a>

Francis Gurry, director-general of the World Intellectual Property Organization (WIPO), on Monday pledged to continue helping Cambodia in formalizing and strengthening laws on intellectual property Meanwhile, Hun Sen highly appreciated the WIPO for its assisting Cambodia in the sector, saying that since Cambodia became a member <a href='https://opendevelopmentcambodia.net/km/news/cambodia-to-enhance-laws-on-intellectual-property/ ' class='cambodia-color'>...a>

Even as its controversial Xayaburi Dam project is still drawing protest from Mekong river downstream countries such as Cambodia, Laos has inked a deal with South Korean firms to build and operate another large hydropower plant on the Mekong River network. according to the Phnom Penh <a href='https://opendevelopmentcambodia.net/km/news/laos-makes-moves-on-building-mekong-dams/ ' class='cambodia-color'>...a>

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East asia and asean summits, hoteliers said yesterday. “We are completely full during the <a href='https://opendevelopmentcambodia.net/km/news/top-hotels-fully-booked-ahead-of-east-asia-asean-summits/ ' class='cambodia-color'>...a>

Cambodia attracted approximately 2.86 million international tourists in the first ten months of this year, up 24 percent over the same period last year, a report of the tourism ministry showed Wednesday. The report said Vietnam remains the largest source of foreign visitors to Cambodia <a href='https://opendevelopmentcambodia.net/km/news/cambodia-greets-2-86-mln-foreign-visitors-in-10-months/ ' class='cambodia-color'>...a>

Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE. In its latest MarketView report, CBRE says bluntly that currently “demand for satellite <a href='https://opendevelopmentcambodia.net/km/news/demand-for-satellite-cities-low-report/ ' class='cambodia-color'>...a>

The United Nations Development Program and Cambodian Ministry of Industry, Mines and Energy on Thursday jointly held a workshop on Sustainable Energy for all ( SE4all) in order to discuss the future of sustainable energy in Cambodia. The workshop, opened by Suy Sem, Minister of Industry, <a href='https://opendevelopmentcambodia.net/km/news/uncambodia-jointly-hold-workshop-on-sustainable-energy-for-all/ ' class='cambodia-color'>...a>

Cambodia today opened first largest sugar factory in Kampong Speu province, western part of city of Phnom Penh with $ 150 million investment  from a local company which employs 2 554 workers. Ly Yong Phat, owner of Sugar factory ( Phnom Penh sugar company) said:  his <a href='https://opendevelopmentcambodia.net/km/news/cambodia-opens-first-largest-sugar-cane-factory-with-150-million-investment-from-local-company/ ' class='cambodia-color'>...a>

Tourism officials have launched a new initiative called the Eco-Club designed to promote environmental awareness and improve the image of Cambodian cities through better management and disposal of plastic bags. The program aims to recruit Cambodian youth to spread the word and educate the broader community <a href='https://opendevelopmentcambodia.net/km/news/government-promotes-clean-cities-in-cambodia/ ' class='cambodia-color'>...a>

Authorities in Kompong Thom province hAve ordered the owners of A VietnAmese rubber compAny to temporArily ceAse the cleAring of pArt of Prey Long forest After locAl fArmers Alleged thAt the firm wAs encroAching on villAgers’ lAnd. About 300 members of the Prey Long People’s Network <A href='https://opendevelopmentcAmbodiA.net/km/news/firm-ordered-to-temporArily-stop-cleAring-in-prey-long-forest/ ' clAss='cAmbodiA-color'>...A>

Cambodian-Japanese bank Maruhan Japan opened an office in Vientiane, the capital of Laos, on Saturday, making it the second Cambodian bank and the first Japanese bank to come to that country. Maruhan’s presence in Laos would boost economic and investment ties between the two aSEaN member <a href='https://opendevelopmentcambodia.net/km/news/maruhan-bank-opens-laos-office-in-vientiane/ ' class='cambodia-color'>...a>

The government launched Thursday a $200 million project to divert water from the Mekong River to irrigate 300,000 hectares of rice fields in Prey Veng, Svay Rieng and Kampong Cham provinces. Under the first phase, estimated to cost $100 million, canals will be restored between <a href='https://opendevelopmentcambodia.net/km/news/cambodia-launches-200-mln-irrigation-project-in-eastern-provinces/ ' class='cambodia-color'>...a>

The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom. Sony Corp, which took part in the eighth annual expo for the first time this year, set <a href='https://opendevelopmentcambodia.net/km/news/ict-growth-continues/ ' class='cambodia-color'>...a>

Hotel and guesthouse operators have pushed back against government calls to avoid price increases during holidays, claiming group booking, as well as supply and demand, dictated the price of accommodation. Government officials, including Prime Minister Hun Sen, have recently tried to dissuade operators from raising the <a href='https://opendevelopmentcambodia.net/km/news/guesthouses-rebut-calls-for-fair-prices/ ' class='cambodia-color'>...a>

Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped US$85.4 million in <a href='https://opendevelopmentcambodia.net/km/news/q1-exports-to-thailand-soar/ ' class='cambodia-color'>...a>

More than 60 families in Mondulkiri province’s Roveak village in Rayum commune are worried about their safety and that of their housing after authorities deployed forces to surround their village on Sunday following eviction orders from the government. Bun Sokchea, 49, said that on Saturday, Koh <a href='https://opendevelopmentcambodia.net/km/news/mondulkiri-villagers-decry-torching-of-homes-by-police/ ' class='cambodia-color'>...a>

A rAdio competition orgAnized by the InternAtionAl LAbor OrgAnizAtion’s (ILO) Better FActories CAmbodiA will enAble gArment workers to showcAse their knowledge And teAch the public About the country’s LAbor LAw, An ILO representAtive sAid yesterdAy. “The objective is not only to Allow workers to express their <A href='https://opendevelopmentcAmbodiA.net/km/news/rAdio-competition-Aims-to-teAch-lAbor-lAw/ ' clAss='cAmbodiA-color'>...A>

More than 70 workers at a factory in Kompong Speu province that produces garments for the Swedish clothing brand H&amp;M were hospitalized Monday after they fainted at their workplace. Chea Mony, president of the Free Trade Union, said the workers at the anful garment factory in <a href='https://opendevelopmentcambodia.net/km/news/seventy-workers-faint-at-factory-supplying-hm/ ' class='cambodia-color'>...a>

Milled-rice exporters have called on the government to continue its efforts in reducing electricity and transportation costs, two of the main obstacles facing the government’s goal of exporting 1 million tonnes of milled rice by 2015. at a working group on rice exports on Friday, 40 <a href='https://opendevelopmentcambodia.net/km/news/rice-industry-calls-for-help/ ' class='cambodia-color'>...a>