Global Times

Cambodia is benefiting from a steadily growing service sector, but it needs to clear a number of obstacles to harness the sector’s potential, said a new Asian Development Bank (ADB) report released on Tuesday. The report, entitled Developing the Service Sector as an Engine of Growth ...

The opposition Cambodia National Rescue Party (CNRP) said Friday that talks with Prime Minister Hun Sen’s ruling party over political dispute will be resumed on Tuesday next week. “Officials at working group levels of the two parties will meet on Tuesday, Nov. 5 at the Parliament ...

Cambodia’s 35 microfinance institutions had lent $1.18 billion to their customers by the end of September this year, a 33 percent rise from $890 million at the end of last year, a report of the Cambodia Microfinance Association (CMA) said Friday. On the deposit side, the ...

The Cambodian Ministry of Commerce said Friday that it had granted operating licenses to 2, 223 new companies in the first nine months of 2013, down 14.6 percent compared with 2,606 new firms over the same period last year. From January to September this year, the ...

Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...

Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...

Cambodia held an inter- ministerial meeting on Monday to discuss and prepare documents for a talk with China in November in order to further enhance bilateral ties and cooperation, officials said. Koy Kuong, spokesman for the Ministry of Foreign Affairs, said that the Monday’s meeting ...

Cambodia’s Angkor Wat temples, one of the world heritage sites, attracted 1.57 million foreign tourists in the first nine of the year, up 6 percent compared with the same period in a year earlier, a tourism report showed Monday. South Korea, China, Vietnam, Japan and Thailand ...

Cambodia’s Special Economic Zones (SEZs) have received a total investment of 1.65 billion US dollars since their inception in 2006, according to a government report released on Friday. Since 2006 to now, the zones have attracted 172 investment projects, mostly from China, South Korea and Japan, ...

Floods have submerged a prison in northwestern Banteay Meanchey province on Thursday, forcing the authorities to evacuate all 842 prisoners to detention centers in other provinces. “The prison is badly inundated and we are moving the prisoners to prisons in neighboring provinces,” Phin Sophal, chief of ...

Cambodia’s ruling party- controlled National Assembly on Thursday convened its first plenary session to elect members for the body’s nine commissions, while the opposition party has continued to boycott the parliament over July’s disputed election. Sixty-eight lawmakers of the Prime Minister Hun Sen’s ruling party on ...

The two-way trade between Cambodia and Japan has hit $503 million in the first eight months this year, up 24 percent over the same period last year, the figures from the Japan External Trade Organization said Tuesday. Cambodian exports to Japan rose 39 percent to $358 ...

Cambodia has reported a 45 percent increase in dry rubber exports in the first eight months of the year, the figures of the Ministry of Commerce showed Saturday. From January to August this year, the country had exported 45, 530 tons of dry rubber, up 45 ...

Japan’s Ministry of Foreign Affairs urged Cambodia’s ruling and opposition parties to resume talks to resolve political dispute over the results of the country ‘s July 28 election. “Japan has been actively supporting Cambodia’s nation-building efforts to date,” said the Ministry’s statement released to Cambodian media ...

The Cambodian government on Monday issued a statement, warning foreign diplomats against interfering in the country’s internal affairs over the contested July 28 election that handed victory to Prime Minister Hun Sen’s ruling party. “Cambodia does not need to resort to laws from other countries. ...

China on Tuesday congratulated Cambodian Prime Minister Hun Sen on his re-election. Foreign Ministry spokesman Hong Lei also extended congratulations on the opening of the new Cambodian National Assembly at a regular press conference. He [Hong Lei] added that China is willing to strengthen friendly cooperation ...

Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. During the January-July period this year, Vietnam ...

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said ...

Flash floods have killed at least 13 people and affected about 3,000 families in Cambodia since early this month, a disaster control spokesman said Wednesday. Four provinces being hit by floods are Banteay Meanchey, Preah Vihear, Kampong Thom, and Kratie, Keo Vy, chief of the Cabinet ...

The Government of Cambodia and the Asian Development Bank (ADB) on Monday signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector, an ADB’s statement said. Signed by Cambodian Deputy Prime Minister and Finance Minister Keat Chhon ...

Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...

Cambodia has dispatched 4,779 workers to Thailand, South Korea and Japan in the first three months of this year, according to a report from the Ministry of Labor on Friday. During the January-March period this year, the country sent 4, 100 workers to Thailand, 678 workers ...

Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...

Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...