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 ...

Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...

There was a sense of déjà vu at the Peace Palace yesterday as a week of largely closed-door ASEAN meetings kicked off in earnest with the same contentious issue that so dominated April’s ASEAN Summit: a code of conduct for the South China Sea. With China ...

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 ...

New Zealand’s most wind-resistant outdoor umbrella range has taken the global market by storm with exports to 35 countries Shade7 is a Kiwi export success story and is run by businessmen and philanthropists David Jesze and Michael Pearce. Jesze and his wife currently live in Cambodia, where ...

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 ...

Despite the inaugural train traveling between Phnom Penh and Sihanoukville by a new rail link a month ago, no goods have yet been transported between the capital and the country’s largest port. Toll Royal Railways, a joint venture between Australia’s Toll Group and local conglomerate Royal ...

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 ...

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 ...

Cambodia migrant workers seeking to leave allegedly exploitative conditions at the Phatthana Seafood factory in southern Thailand said yesterday that they were still being forced to pay to get their passports back. The factory, which exports fish to buyers across the world including Walmart, has come ...

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 new US$3.5 million casino will open in Ratanakkiri province, according to a representative of Try Pheap Import Export Company. “We’ll have a similar kind of casino to what they have in Bavet,” Bee Chivoan Dara said. Try Pheap Mittapheap Casino Entertainment Resort is built on more ...

In Washington yesterday, Sam Rainsy Party lawmaker Mu Sochua lobbied US government officials to withhold military funding to the Cambodian government if it does not meet two political demands ahead of her meeting with Secretary of State Hillary Clinton on Monday. Mu Sochua said she would ...

A military police commander has filed a complaint against a Forestry Administration chief whom he accuses of wrongly sending authorities to search a truck suspected of transporting illegally logged luxury wood, officials said yesterday. When Forestry Administration officials searched the truck at a military police base in Kompong Thom province on ...

Keo Kounila is Cambodian blogger who recently attend the Deutsche Welle Global Media Forum in Bonn, Germany. After meeting amid some 1,500 participants, she told VOA Khmer she had garnered new ideas to help develop Cambodia, including organizing seminars to help university students make better use ...

Kompong Thom provincial officials will stop illegal gold mining in seven locations in Sandan district’s Meanrith commune come November, provincial and district officials said. About 100 residents of Meanrith have been illegally digging for gold in the district for several years, provincial deputy governor King Vimean ...

A NEW report from the Organisation for Economic Co-operation and Development (OECD) says GDP growth in Cambodia over the next five years is likely to hit 6.9 per cent, the highest of any ASEAN country apart from Laos. However, the report warns that Cambodia needs to ...

Prime Minister Hun Sen, in his capacity as the 2012 ASEAN chair, has called for investors within the ASEAN member states as well as around the globe to invest in Cambodia in various sectors, particularly agriculture, food processing and manufacturing. The premier made the appeal on ...

Various smuggled goods, mainly cigarettes, brandy and sugar, are being brought from Cambodia to Vietnam’s Long An and Tay Ninh Provinces before being transported to HCMC for sale, a Tuoi Tre investigation has found. on November 9, Tuoi Tre reporters pretending to be traders went to ...

More than 200 workers at Poipet City’s Casino Tropicana went on strike over the weekend, calling for management to improve working conditions and rehire two Free Trade Union (FTU) members who were fired earlier this year. Workers said that Sat Sep, formerly the representative of the ...