Samdech Prime Minister Hun Sen on June 14 ordered line ministries to distribute land to landless and real poor people to contribute to strengthening social equity system in the kingdom. “Landless and real poor people will get a plot of land with land titles according to the obvious situation,” Premier said in the launching ceremony ...

Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...

Siam City Cement and the Chip Mong Group will co-build a new cement plant in the Toukmeas district of Kampot by 2015 in order to take advantage of the “huge” demand in Cambodia. The plant will cater specifically to the Cambodian market, although they will also ...

Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National Bank of Cambodia (NBC) yesterday. Banks lent out a total of $5.89 billion in 2012, compared with $4.39 billion in 2011, NBC figures show, meaning ...

A senior Cambodian official has voiced his desire to boost agricultural cooperation with the Mekong Delta province of Tien Giang, especially in fruit farming. Tien Giang has 70,000 ha grown with various fruit trees which produce nearly 1 million tonnes a year. Working with the provincial officials ...

Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...

The Asian Development Bank announced yesterday that the organizations behind the rehabilitation of Cambodia’s railways, including the government and the Australian development agency, have jointly pledged to address the complaints of people facing eviction from dwellings across the rail lines. The Australian government provided ...

According to the statement from the national bank of Cambodia (NBC), the country’s international reserves increased by 2.912 million US dollars so far this year with guaranteeing to import for four months. “For the management of the international reserves, we have implemented the policy with ...

The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the US Agency for ...

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

Cambodia is facing a grave labor shortage due to the large number of workers seeking jobs in Thailand, Prime Minister Hun Sen said yesterday, urging employers to help reduce illegal migration by improving working conditions at home. Mr. Hun Sen also applauded growing Japanese investment in ...

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

A group of local property agents has initiated a monthly gathering for real estate professionals and those interested in the industry to meet and share business ideas and industry insights. The first of the monthly gatherings, known as Real Estate Monday, was held this week at ...

Three days after it went out, power had yet to be restored to large parts of Siem Reap province yesterday, badly impacting local businesses in the popular tourist hub of Siem Reap City and seeing a rush of people to buy generators. The power failure followed ...

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The collective power of agricultural co-operatives could bring huge benefits to poor, small-scale farmers, a Phnom Penh conference for international World Food Day heard on Friday. The sentiments were shared by the director of Cambodia’s General Directorate of Agriculture, So Khan Rithy Kun, who said farming ...

The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...

The production of animal feed may be lucrative for family-run businesses, but production is failing to meet the local market’s demand, said industry experts. Ros Limhy, National Agriculture adviser for the Ministry of Agriculture, Forestry and Fisheries’ Tonle Sap Poverty Reduction and Smallholder Development project, and ...

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...