News

Cambodia Angkor Air will launch a regular flight service between Siem Reap and Sihanoukville by the end of the year, an official at the Council of Ministers said yesterday. There are currently no flights to Sihanoukville, the country’s premier coastal resort, even though the airport ...

Cambodia’s foreign donors are staying largely mum about the government’s decision to indefinitely  high-level aid meeting, though one donor conceded that the move had caught it off guard. Economists also said yesterday that a delay in holding the donor meeting would have little effect, but ...

The second Cambodia-Vietnam Trade and Investment Fair opened in Kampot, Cambodia on August 24. The fair has attracted more than 50 Vietnamese and Cambodian businesses to display their high quality products, such as garment, footwear, food, chemicals, electronics, plastics and handicraft products. The aim is to help ...

Setting a minimum price for paddy is one of the campaign promises that the Pheu Thai party made to its supporters during the recent election campaign in Thailand before it was elected to power. Now it’s a matter of waiting to find out whether this ...

About 1.3 million International visitors arrived in Cambodia in semester one in 2011 with an increase of 13.4 percent if comparing to the same period last year, Tourism Minister announced at a seminar this week. “It is expected that about 2.8 million tourists will pour ...

About half a million establishments in Cambodia as of March 1, 2011 released the preliminary results of the Economic Census of Cambodia (EC 2011) released by H.E. Chay Than on August 8th in Phnom  Penh. The final results of EC 2011 will be released in ...

The pending property tax could lead to declining residential property transactions in the Kingdom as residents fear rising house prices. Although the property sector is currently stable after the country’s recovery from the financial crisis, it is expected to stall once the prakas is implemented, VMC ...

Mahuran Japan Bank and the Seilanithih Microfinance Institution have signed an agreement to work together, according to a statement yesterday. Maruhan general manager Onishi Shizuo said  the agreement would benefit both parties. “By joining forces with us, Seilanithih will be able to expand the size of ...

Good rains have boosted rice cultivation across the country, and nearly 90 percent of farmers have completed planting their paddies, although planting in Svay Rieng province is lagging due to drought, and agriculture official said yesterday. Chan Heng, administration bureau chief of the Agriculture Ministry’s administration ...

The Council for the Development of Cambodia (CDC) approved 75 investment projects worth US$5.5 billion between January and July, according to council statistics. This growth represents a 247 per cent, year-on-year increase in the value of approved investment projects, 60 of which were in the industrial ...

The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...

China National Cereal, Oil and Foodstuffs Corporation (COFCO) is the latest mainland Chinese company to sign a deal to export Cambodian rice. COFCO is one of a number of Chinese companies that have signed similar deals with their Cambodian counterparts, but  direct rice exports to China ...

The National Accounting Council, the Kampuchea Institution of Certified Public Accountants and Auditors and Association of Chartered Certified Accountants (ACCA), co-organized to launch a National Conference on “Accountancy in Cambodia-Towards Global Standards” on August 12th in Phnom Penh to reflect what is being implemented in ...

The China National Food Industry (Group) and Cambodia’s Le Ye Rubber on August 13th signed a Memorandum of Understanding on a cooperation agreement to acquire one million cassava product exports from Cambodia to China Cai Yong Feng [President of China National Food Industry Group] said: ...

The relations between People’s Republic of China and Cambodia have become closer in the way of culture, in which China is the most important strategic development partner in improving Cambodia’s economic growth through both financial and technical grant aids,” Mr. Eang Sophalet, assistant to Samdech ...

A new high-end private hospital in Phnom Penh, a collaboration between Cambodia’s Sokimex and Ho Chi Minh City’s well-known Cho-Ray Hospital, is set to hire 280 Cambodian health care workers in the next year, according to a Sunday satatement posted on the City Hall website. ...

Energy planners are pushing the revival of talks with Cambodia on the oil-rich overlapping claims area (OCA) between the two countries to ensure energy security. They also urge all parties not to turn it into a political issue so that the talks stand a chance ...

PHNOM PENH — The U.S. Export-Import Bank ( Exim Bank) and the Cambodia Chamber of Commerce (CCC) inked the Memorandum of Understanding on trade loan guarantees to boost trade between the U.S. and ASEAN member countries, according to a statement released by the U.S. embassy ...

Cambodian exports increased 45.9 percent to $2.15 billion in the first six months of the year compared to the same period in 2010, according to figures released by the Ministry of Commerce yesterday. Of the total value of exports, 80 percent, or $1.74 billion, were ...

PHNOM PENH– The China-made Sanya-branded motorcycles have officially entered Cambodian market on Wednesday to compete in the country’s crowded motorcycle market. Pan Sorasak, Secretary of State for the Ministry of Commerce, expressed congratulations to the SCI Company Limited for being selected to be the exclusive distributor ...

Ha Noi–The Vietnamese Government would do its best to work with the Cambodian Government to raise bilateral ties to a more effective and fruitful level, said Prime Minister Nguyen Tan Dung in Ha Noi yesterday. Dung told the Cambodian Deputy Prime Minister and Minister of Foreign ...

Japan on August 15th loaned Cambodia a package of US$ 53.3 million for the West Tonle Sap Irrigation and Drainage Improvement and a grant aid of US$ 0.7 million to improve education equipment of the Department of Geo-Resources and Geotechnical Engineering of the Institute of ...

The timing couldn’t have been better. After a week in which one NGO was suspended and others warned to “readjust their work,” and the World Bank was finally forced to reveal that it had stopped loaning to Cambodia, the government announced over the weekend that ...

According to the statement from the national bank of Cambodia (NBC), the country’s international reserves increased by 2.912 million US dollars so far this year with guaranteeing to import for four months. “For the management of the international reserves, we have implemented the policy with ...