The stabilisation of the riel over the first half of this year is a reflection of increased confidence in using riel in the economy as well as improvements in the agricultural sector, according to economists and the National Bank of Cambodia (NBC). The slowdown in the US economy ...

Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday. Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven ...

The Ambassador of African country Kenya, Richard Titus Ekai, told Deputy Prime Minister Sok An on Wednesday that he would like to see direct flights between Phnom Penh and Nairobi. Sok An met Kenyan Ambassador Ekai at his office to discuss the initiative regarding direct flights ...

As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...

The key to lifting people out of poverty could be found in the setting up of farming cooperatives, the country director of the World Food Program said on Friday, which was also World Food Day. Jean-Pierre de Margerie, country director of the World Food Program, said ...

Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management. The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives ...

Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public ...

Some 200 garment factory workers protested at the Ministry of Social Affairs on Friday, a day after they held a demonstration in front of the Swedish Embassy in Phnom Penh and urged diplomats to intervene in a labour dispute involving unpaid wages from a factory ...

People applying for land titles in urban areas are at a huge disadvantage compared to their rural counterparts due to the higher percentage of property disputes with powerful officials and businesspeople in the country’s cities, a new report on land registration has found. To improve ...

The World Bank upgraded Monday its GDP growth forecast for Cambodia to 7.0 percent for this year, up 0.3 of a percentage point from its last projection in December. “In Cambodia, a likely stabilization in high-income country conditions should support further improvements in garment production and ...

Cambodian export values increased more than 21 per cent in the first quarter of this year compared with the same period last year, and officials said the rise was a positive sign for the Kingdom’s economic growth. According to the Ministry of Commerce’s export data ...

Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...

Because Cambodia’s youth has not focused enough on studying technical or engineering subjects, the Kingdom now faces a lack of human resources and the Ministry of Education, Youth and Sports plans to reform the country’s education system, according to the minister in charge. Minister Im Sethy ...

Cambodia and the United States on Friday signed a Memorandum of Understanding on low emissions and climate resilient development in Cambodia, according to a press statement from the U.S. Embassy to Phnom Penh. The deal was inked between Cambodian Minister of Environment Mok Mareth and Rebecca ...

Most demands made by workers at a Takeo province garment factory were met following a large protest and five hours of negotiation. Asia Dragon (Garment) Co Ltd mediated with the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU), making concessions on most of the workers’ 16 ...

A delegation of 15 Indian firms is in Cambodia this week looking to increase the country’s involvement in Cambodia’s economy, particularly in the agriculture and mining sectors. at present, Cambodia does modest trade with India, the second largest country in the world by population. But the ...

Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a rubber-plantation owner said yesterday. Mak Kimhong, president of the Cambodia Rubber Association and owner of the Chhop Rubber Plantation ...

Nearly 50 families in Koh Kong province’s Kiri Sakor district will finally receive official titles after repeatedly requesting – and being denied – student volunteers to measure their land, the villagers’ commune chief said yesterday. Koh Pol commune chief Ev Kosal, who participated in the meeting ...

Cambodians, particularly young adults, are more often turning to banks to help them buy their homes, according to figures obtained from the National Bank of Cambodia (NBC) yesterday. From $179 million in 2008, the total sum lent out to those buyers fell to $94.5 million ...

The general director of a local rice wholesaler accused of defrauding business associates in a deal has lashed out at the judiciary – claiming delays in legal processing have left him imprisoned for 13 months without trial. Sovann Veasna is accused of cheating three businessmen ...