ភ្នំពេញប៉ុស្តិ៍

Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...

Consumer interest in gold has increased in Cambodia even with the price of gold at a record high. Gold is up more than $333 from the same time last year. The increase in gold prices is said to be a result of the 2008 financial ...

KDC International, which is owned by Chea Kheng the wife of Industry Minister Suy Sem has been accused of grabbing 145 hectares of land in the Kampong Chhnang province. The villagers who claim the land have filed objects individually, after having been told to do ...

The launch of Mfone’s new unlimited calling plan has drawn criticism from the Ministry of Post and Telecommunications. It is said that the price scheme contravenes Cambodia’s minimum pricing rules introduce in 2009. Hello, another mobile phone provider, has already introduced an unlimited calling plan ...

The Thai embassy has released figures that show that exports to Cambodia have decreased slightly from $1.095 billion to $1.091 billion. Total trade between the nations has increased by 3.5 percent for during the first of the year when compared to last year. Cambodia has ...

Sino Grain, a Chinese agriculture company, has come to Cambodia seeking to import milled rice to China. Minister of Commerce Cham Prasidh has encouraged the company to invest in Cambodia by building a rice processing plant in the country and not merely exporting grain. A ...

Senator Ly Yong Phat, owner of the Phnom Penh Palm Sugar and Kampong Speu Sugar companies, has released a statement as a result of US diplomatic cables released by Wikileaks that describe him as “The King of Koh Kong”. He answers such questions as why ...

Ouch Nob, an electrician, was killed while working at the Russei Chrum Kraom river hydropower construction site. Last week two Chinese nationals also working at the site died. China Huadian Hong Kong Limited has agreed to pay the victim’s family $4,700 in compensation. ...

Initial yields from deposits in Kratie province have prompted Indochine Mining Limited to announce that they were ‘encouraging.’ Results from the drilling will be released in two weeks. The drilling was focused on two target sites within Kratie province. ...

Mega International Commercial Bank, a Taiwanese bank, has been in talks with the National Bank of Cambodia (NBC) about setting up operations in Cambodia. The kingdom is said to be an emerging financial sector. The initial branch will be in Phnom Penh in order to ...

A Cambodian and Thai dispute over oil nearly reached a resolution when then prime minister of Thailand Thaksin Shinawatra was ousted was revealed in diplomatic cables released by Wikileaks. The cable details a meeting between the US-ASEAN Business council in Phnom Penh on May 15, ...

A bridge crossing the sea between Sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun Sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ...

More than 17,000 hectares of land inside the Phnom Oral Wildlife Sanctuary have been awarded by Prime Minister Hun Sen to companies for for agroindustrial development. Two concessions were made of 9,059 hectares and 8,591 hectares in the Trapaing Chor and the Omlaing communes. The ...

Shipments of freight through Sihanoukville Autonomous Port have seen a 14 percent growth in the second quarter of the year. The number of units passing through the port has risen by 8.6 percent compared to the same period last year. The majority of the shipments ...

Stock exchanges in Laos and Vietnam are being used for comparison when trying to determine the model that the Cambodia Securities Exchange (CSX) will take. The CSX has opened officially but no trading has begun. Cambodia’s stock exchange is expected to be more successful than ...

Prime Minister Hun Sen has order a review of dredging operations and the impacts that they have on Cambodia’s islands and beaches. Freshwater dredging has also been ordered to go under review, with the Prime Minister calling for the Minister of Water Resources and Meteorology ...

The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...

US diplomatic cables released by WikiLeaks have shown a positive light towards two high-profile court cases in Cambodia. One case concerns the trafficking and physical abuse of an 11 year old girl and was Cambodia’s first case of human trafficking to be prosecuted. The cables ...

US Diplomatic Cables released by WikiLeaks show that the US Embassy in Phnom Penh sought the presence of Secretary of State Hillary Clinton for the 60th anniversary of diplomatic relations between the USA and Cambodia. Ms. Clinton did not attend the celebration but rather visited ...

The South Korean government is looking to procure farmland aboard, approximately 380,000 hectares by the year 2018. The government is providing assistance to companies that lease arable land or buy stakes in overseas operations and are looking for such potential in Cambodia as well as ...

Cambodia has seen an increase in the number of arrivals through its land check points. They are predominately American and Russian, with the number of Thai visitors having fallen due to border disputes between the two nations. It is expected that the number of tourists ...

Megaworld International a Philippines-based development company is expanding its operations in Cambodia in order to attract more of Cambodia’s growing middle class. They held an exhibition in Phnom Penh to entice locals to invest in the Manila property market. There are approximately 3000 residents in ...

US senators are pushing for a resolution that would use US influence within the Mekong basin to ensure that the construction of hydroelectric dams, such as the Xayaburi dam in Laos, would meet exacting environmental standards. The resolution would not be law but rather policy ...

The Cambodia Security Exchange (CSX) has launched though trading has yet to begin. Government officials and investors are upbeat about the launch saying that it will spur economic growth. The chance for investment in Cambodia is said to have grown significantly since the advent of ...