Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...

The agreement by Mekong River Commission Countries to conduct more studies before they decide on Laos’ proposal for the first Lower Mekong dam received further support on Friday, with an influential US senator and an environmental group welcoming it as an important step in preventing ...

Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...

With a proposed telecommunications law yet to be approved, the Ministry of Post and Telecommunications yesterday launched the Telcom Regulator of Cambodia (TRC) to handle disputes between mobile phone companies and Internet providers, although officials admitted that the body will have limited powers. .. But unless ...

HCM City plans further cooperation with Cambodia in all areas, including trade, healthcare, agriculture, and education and training, according to Le Hoang Quan, chairman of the city’s People’s Committee. The project to build the Cho Ray – Phnom Penh Hospital, with a capacity of 500 ...

The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ...

Prime Minister Hun Sen yesterday said more investment in agriculture was needed to ensure that Cambodia can process its crops and add value to agricultural produce being exported abroad. Speaking at the inauguration of a new cargo port in Kandal province, Mr. Hun Sen said there was an ...

Cambodia reported a 29 percent rise in dry rubber exports in the first five months of 2013, but revenues from the exports rose only 4 percent due to price decline in international markets. Currently, the country has about 300,000 hectares of rubber trees, according to ...

Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...

The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the bank for three ...

In an effort to boost trade activity between Thailand and Cambodia, both countries will discuss plans for two special economic zones along the Thai-Cambodian border next month, according to the secretary of state at the Cambodian Ministry of Foreign Affairs on Monday. “It will provide us ...

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Prime Minister Hun Sen will open the 2012 ASEAN Business and Investment Summit, to run from the 17th to the 18th, in Phnom Penh tomorrow, ahead of the 21st ASEAN Summit on Monday. The summit is being held in an attempt to increase regional trade ...

The government plans to implement an industrial policy designed to promote development of the manufacturing sector. Speaking at a business networking dinner prepared by the Cambodian Federation of Employers and business Associations on Wednesday, Sok Chenda Sophea, secretary general of the Council for the Development of ...

Representatives of the former employees of the June Textile Factory in Phnom Penh on Friday wrote to the International Labor Organization asking for help after they claimed the factory failed to make severance payments won by an Arbitration Council decision two weeks ago. Mr ...

Prime Minister Hun Sen yesterday led a delegation of businessmen and top government officials to join the eighth China-ASEAN expo and investment summit to be held in Nanning, China, from October 21 to October 26. The Cambodian prime minister planned to meet his Chinese counterpart Premier ...

On a night when some of France’s finest wines were consumed by some of Cambodia’s most senior officials, the message was clear: France wants to strengthen its economic ties with Cambodia. On Wednesday night, the French-Cambodian Chamber of Commerce (CCFC) put on a lavish display of ...

About 200 villagers, who have been embroiled in a long-running land dispute with the well-connected agro-business Pheapimex over a 316,000-hectare economic land concession in Pursat province, staged a protest yesterday against the company’s continued efforts to clear their farmland. The protests came just three days after ...