News

Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...

Cambodia’s waterways go largely unused for domestic shipping, a factor hurting the competitveness of the country’s logistics and agriculture sectors, experts said yesterday. Cambodia lost ground this year in a measure of logistics performance. As rice millers and exporters push toward the 1 million-tonne rice goal ...

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...

Arrivals from Thailand and Laos gained the highest growth rate in May of all Cambodia’s tourist suppliers according to the country’s latest tourism report. Released by the Statistics and Tourism Information Department of the Tourism Ministry, the report showed a slowdown in travel from Thailand during ...

After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...

The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...

Poipet City authorities have given dozens of families living along a section of railway slated for renovation 10 days to move or face forcible eviction. Poipet City Deputy Governor An Vanak said that the eviction notice was sent Monday to about 40 families, only eight of ...

More than 100 families in Stung Treng province have returned to land they were evicted from in 2007, hoping to acquire property titles after student volunteers arrived in the area to demarcate land under the titling program announced last month by Prime Minister Hun Sen. Stung ...

The Cambodian coffee industry has seen a rapid increase in market value over the last few years, rising from production of about 18 tonnes per year in 2009, to more than 2,370 tonnes last year, market insiders said. Local coffee sales increased to 30 tonnes in ...

The homes of nearly 200 families living in Pursat province’s Veal Veng district were demolished yesterday and Monday after officials accused the residents of being involved in a secessionist plot, local officials and villagers said. District governor Chhe Chhiv said that authorities had demolished 191 homes ...

As questions linger over the fate of the independent Beehive Radio station in the wake of its owner’s arrest, a government official yesterday insisted there were no plans to stop it from broadcasting, despite its often critical stance toward the ruling party. “No plan to shut ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is now pushing for the establishment of a special economic zone (SEZ) for small and medium sized enterprises and is currently discussing such a move with the Ministry of Industry, Mines and Energy, ...

Three years after authorities demolished the last houses in Phnom Penh’s Group 78 community, evictees relocated to the outskirts of the capital are still struggling, the Housing Rights Task Force said yesterday. More than 200 members of the Group 78 community gathered close to the site ...

Another alleged “secessionist” involved in a land dispute was arrested yesterday in Pursat province’s Veal Veng district, where villagers said authorities continued a prolonged forced eviction that has led to the destruction of some 500 homes. Three other men accused of attempting to create an autonomous ...

The owner of Cambodia Yellow Pages has agreed in principle to sell a 51 percent stake to the subsidiary of Malaysian technology firm CBSA Bhd. in a deal worth $2.04 million, an official at the company said Monday. According to a disclosure last week from CBSA ...

Families living along a planned national train route in Poipet town were told they have 10 days to vacate their properties or be forcibly evicted, residents and NGOs said yesterday. Eang Vuthy, Development Watch Program Manager of Equitable Cambodia, said an eviction notice from the Poipet ...

A day before Prime Minister Hun Sen publicly called for the arrest of Mam Sonando, the Beehive Radio station director hosted a fiery broadcast from The Hague, where lawyers were trying to launch a case against the premier in the International Criminal Court. Just under three ...

Detained French architect Patrick Henri Devillers boarded a flight to China late last night after being held in custody in Cambodia for more than a month for his links to the biggest political scandal to hit China in decades, a government spokesman said. At Phnom Penh ...

The President of Cambodia’s National Assembly, Heng Samrin will make a two nation tour to Vietnam and Laos from July 20-30 to further enhance bilateral ties, according to a press release from the National Assembly on Wednesday. ...

China is the largest provider of financial assistance to Cambodia for agriculture and irrigation development in the last three years, Cambodia’s Minister of Finance Keat Chhon said on Tuesday. Since 2010 to date, he said, Cambodia has received a total loan of $561 million and a ...

Acleda Bank has filed an application to start banking operations in Burma with the central bank and is on track to open its first microfinance branch in the country by January, Acleda President In Channy said yesterday. Mr. Channy said the bank submitted its application for ...

Inner city students enlisted into Prime Minister Hun Sen’s nationwide land-titling program have been getting a taste of the rural life and some of them are ready to come home. Prepped with a two-day crash course in surveying, more than 1,000 youths have been dispatched across ...

Beehive radio station director and accused “secessionist” Mam Sonando was sent to Prey Sar prison yesterday, where he will be detained until his trial on formal criminal charges including insurrection, a conviction that alone could result in up to 15 years behind bars. After two and ...

After two hours of questioning, the Phnom Penh Municipal Court yesterday sent independent radio station owner Mam Sonando to Prey Sar prison for pretrial detention, where he will await a hearing on allegations that he tried to foment a secessionist movement in Kratie province. As Mr. Sonando was being questioned, ...