News

A lack of economic diversity, faith in the banking sector and slow growth in vocational training and education topped the list of concerns among economists and investors yesterday at a meeting organized by the Asian Development Bank (ADB) and the government. According to data released ...

Phnom Penh’s only licensed casino, NagaWorld, has agreed to build a brand-new 15-story tower for the National Election Committee (NEC) as part of its plans to invest $369 million in expanding its current operations over the next three years, an official at the casino said ...

The private sector and industry professionals were engaged yesterday in the first consultation with the Asian Development Bank (ADB) and the government in an effort to understand the factors affecting Cambodia’s economy, and ultimately determined that human capital, infrastructure, innovation and regulatory issues as the key areas ...

Delegates from the Import-Export Bank of China will visit Cambodia next week to discuss loans for the rice-processing and exporting sector, according to government officials. Son Kunthor, president of the state-owned Cambodian Rural Development Bank, said yesterday that Chinese delegates will come to study the feasibility of ...

Former residents of the Borei Keila community who are embroiled in a land dispute with the Phanimex firm gathered yesterday for  prayer service in an appeal to the government to resolve their dispute. The residents claim the company failed to provide replacement housing or land to ...

About 100 villagers in Kompong Thom province set out yesterday on a three-day patrol of Prey Long forest in search of illegal logging, their second since the April 26 shooting death of conservationist Chut Wutty. who was the organizer of the first patrols. Soem Sean, a ...

Forty-four garment factory workers were injured in a traffic accident yesterday morning in Svay Rieng province as they traveled to work in the back of an open truck, police said. The workers were riding in the truck when it overturned after colliding with a tractor-trailer on ...

Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...

An expedition to expose illegal logging uncovered about 50 hectares of clear-felled forest yesterday that activists from the Prey Lang Community Network have filmed and photographed to lobby government officials, a group representative said. Chum Yin said more than 60 villagers had traveled to seven villages ...

A consortium of election NGOs had banded together in a bid to push through a Campaign Finance Law that would put a ceiling on political party campaign spending ahead of next year’s national elections, representatives said yesterday. The NGO Working Group on Political Finance has embarked ...

$500-million loan from New Delhi to help build 3,200km highway through Myanmar and linking to Thailand The trilateral highway project will allow freight and container trucks to move across the borders from India to Myanmar and Thailand via Chiang Rai and border towns. It will play ...

The Cambodian governemnt is lobbying the tourism sector to focus more on using local foods, which it says could generate millions of dollars in revenue a year. But hotels and restaurants say quality standards and supplies of local products are often not adequate and businesses ...

While Cambodian handicrafts such as silk clothing, stone and wood carvings and rattan furniture are popular with tourists, who snap up the articles at gift shops and airports, the size of the sector is nowhere near what it might be, according to industry insiders. They ...

Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...

A meeting between the New York-based World Monument Fund (WMF) and its workers who are restoring temples in Siem Reap province took place on Friday, but no agreement was reached over wages, a union representative said yesterday. Van Thol, vice president of the Building and Wood ...

A business concept competition between university students from Cambodia, Japan and Myanmar that provided the perfect opportunity for improving business plans and networking with business people yesterday was won by one of Cambodia’s own. Lay Huy Huoy, a second-year student at Cambodian Mekong University majoring in business and ...

As Cambodia continues to develop, information technology skills are increasingly in demand, especially as the government seeks to diversify the economy and bring in companies which will need staff with strong high-tech skills. To that end, last month the Royal University of Phnom Penh (RUPP), in cooperation with the Cisco ...

Smartphones and the accompanying online stores that sell applications for them may be gaining ground across emerging markets, according to a study conducted by a London-based telecommunications research and analysis firm, but Cambodia’s market is limited by a lack of places to legitimately purchase apps, ...

The homes of 137 families in Pursat province’s Phnom Kravanh district have been demolished since Tuesday, when more than 60 police, military forces and forestry officials began evicting families from land claimed by Touch Hiv, an agricultural company, local officials and villagers said yesterday. “We ...

Nearly 100 Prey Lang villagers in Kampong Thom province’s Sandan district will today embark on a three-day “forest watch” mission to monitor what community representatives say are increased illegal logging activities in the jungle. This is the fourth time the community has conducted monitoring in the ...

More than 16,000 hectares of rice paddies are currently being affected by drought across the country, officials said yesterday. “There wasn’t enough rain for the rice this year, ” said Nhep Srorn, director of Takeo province’s agriculture department. Pich Sokhin, governor of Oddar Meanchey province, said ...

Concerns that a drought may soon grip some of Cambodia’s provinces intensified after the government allocated thousands of cubic metres of water to more than 20,000 hectares of dried rice paddies in a mission to save valuable rice crops last weekend. Although the rainy season has cloaked ...

Chinese firm Hainan Ruijin Investment Holding Company (HRIH) has announced an ambitious, US$5.8 billion property project including holiday resorts and high-rise apartments outside of Sihanoukville. Plans for the development, which has been dubbed Sihanoukville-Hainan City, have been approved by the Cambodian government. Further details, such as the ...

Children played along the banks of Phnom Penh’s Chroy Changva peninsula yesterday, while their parents napped under the shade of their bright yellow and blue boat homes. But members of this Cham fishing community overlooking Phnom Penh’s city space said it was a very different scene on ...