Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...

T & P, the notorious labour recruitment firm that was closed down last year because of its appalling record of abuse scandals, is continuing to receive and pocket remittances from maids stranded in Malaysia, a coalition of rights groups told a press conference yesterday. At the ...

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 ...

Prime Minister Hun Sen yesterday ordered officials to take action against unnamed companies he said were using the cover of night to illegally dredge sand from the Mekong River. Calling on Water Resources and Meteorology Minister Lim Kean Hor to lead the crackdown, Hun Sen also ...

Cambodia’s cashew-nut exports increased sharply from 443 tonnes in 2011 to 4,453 tonnes last year, according to the Ministry of Commerce. But observers say these figures do not reflect reality, as a large percentage of exports had not been recorded. An expert in cashew nut production, ...

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 ...

Stevia Nutra Corporation, a Canadian agro-company, said in a press release on Friday that the initial growing season of stevia, commonly known as sweetleaf, in Cambodia was successfully completed. The first harvest of high-quality stevia leaves has now commenced and samples have been prepared for testing ...

Opposition lawmaker Son Chhay said yesterday that he would ask the government to cancel the land concession of a Vietnamese rubber firm in Ratanakkiri province he accused of logging and exporting wood illegally. Mr. Chay, a candidate in July’s national election for the Cambodia National Rescue ...

Mizuho Bank, one of Japan’s largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a bank official said. To date, Cambodia has five foreign banks’ representative offices, 34 commercial banks, seven specialized banks and 37 microfinance institutions, ...

At least 20,000 tourists and travellers will participate in the so-called “sea festival” at the end of this year, officials at the Kep province tourism department said. The two-day event, which started in 2011 as a tourism booster for the country’s coasts and beaches, was cancelled ...

Rubber exports from Cambodia were up over 17 per cent in the first quarter of 2013, but the revenue from rubber stayed steady as prices decline worldwide, according to data from the Ministry of Commerce. The data showed that in the first quarter of this year, ...

The Ministry of Commerce has released figures showing Cambodia’s export of fishery goods including fresh and dried fish products have decreased drastically in the first quarter of the year, though several government officials viewed the figures with scepticism. Cambodia exported 49.9 tonnes of fish products in ...

The Court of Appeal yesterday upheld a verdict by Kompong Chhang Provincial Court over a land dispute in Konmpong Tralach district between a 70-year old woman and a company owned by the wife of the Minister of Industry, Mines and Energy over a 3,000-square-meter parcel ...

With the potential for vast state revenues from oil extraction and mining in coming years, Cambodia is currently failing to manage its nascent extractive industries according to a think tank. New York-based Revenue Watch Institute yesterday launched its 2013 Resource Governance Index, which included Cambodia for ...

AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...

Provincial authority and humanitarian NGOs are preparing for severe flooding in Kompong Thom province as floodwaters flow south from inundated Preah Vihear province along the Stung Sen River. Leng Vireak, senior manager for disaster response at NGO world Vision, said that the situation was stable ...

A 9-year-old boy has become the 10th person this year to die of bird flu in Cambodia, the World Health Organization announced Monday. The U.N. agency said the boy from a village in northeastern Battambang province came down with fever and vomiting on July 26 and ...

Opposition party leader Sam Rainsy yesterday said he would go ahead with threatened protests whether or not permission is granted, citing the 1997 grenade attack at a workers’ rights rally as proof of how meaningless such authorisation is. Speaking at a hastily-planned ceremony – the second ...

Malaysian-owned company VW Win Holdings Plc launched lottery operation Camloto in the Kingdom this week, making it the second to go live in as many months. Camloto CEO Jimmy Kong unveiled the new start-up, which will draw its first ball tonight on all major TV stations, ...

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