News

The International Court of Justice yesterday unanimously declared that its 1962 judgment awarding the Preah Vihear temple to Cambodia also gave the Kingdom sovereignty over the promontory that the temple sits on. But while the announcement was initially greeted as a resounding victory by some in ...

Three males attempting to smuggle luxury wood on Saturday evening were thwarted by authorities in Mondulkiri’s Keo Seima district, provincial forestry officials confirmed yesterday. The suspects now being detained at the provincial police station are Vor Vanser, 16, Le Fy, 16, and Cheurng Vanseurn, 18. ...

ACLEDA officially launched its first credit card on Friday as Cambodia’s largest bank eyes the country’s rising middle income bracket, president and CEO In Channy said yesterday. “This is the right time for us to start this Visa credit card product. By 2020, Cambodia will change ...

A new local airline is applying to fly in Cambodia, according to aviation officials, at a time when the market is monopolised by national flag carrier Cambodia Angkor Air and a handful of carriers offering chartered routes. Royal Spirit Airlines last Friday met with the State ...

Fifty people have died from dengue fever in the first 10 months of this year, a decrease of 72 percent on the same period last year when 176 deaths were recorded, the National Center for Parasitology, Entomology and Malaria Control said Monday. Continuing a month-on-month trend, ...

Only 3.7 percent of Cambodia’s 14 million people have bank accounts with a financial institution, while less than 1 percent of those with an account are actually using them to save money, according to a World Bank report released Tuesday. Though the World Bank’s Global Financial ...

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

Mangrove forests along Cambodia’s coast in Kampot support more than 100,000 families and create a diverse ecosystem that is home to hundreds of unique species. But coastal development projects, coupled with locals’ reliance on the forest for their livelihoods, threaten to decimate more than 1,000 hectares ...

California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...

Minister of Water Resources and Meteorology Lim Kean Hor said Monday that he would seek an investigation into a $1.5-million haul of river sand exported to India in April in spite of a ban on the export of dredged sand handed down by Prime Minister ...

Cambodia should have sovereignty over disputed land around the Preah Vihear temple on the border with Thailand, the UN’s highest court has ruled. The International Court of Justice in the Hague said Thailand must withdraw any soldiers from the area. Cambodia sought a clarification of the ...

Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...

Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...

King Norodom Sihamoni used a speech during celebrations marking the 60th anniversary of Cambodia’s independence from France on Saturday to call for unity amid growing concerns over the long-term harmony of the nation since July’s disputed national election. Government officials, military officers and foreign diplomats turned ...

The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...

Koh Kong Sugar has offered to settle its yearslong dispute with Cambodian families who accuse its plantations of stealing their land, but the farmers remain wary of being able to secure a fair deal. The firm, a subsidiary of Thailand’s Khon Kaen Sugar Industry Limited (KSL), ...

Prime Minister Hun Sen has called on the Ministry of Information to accelerate the drafting of a long-awaited freedom of information law that could see more transparency in the Kingdom’s government. According to a press release issued by the Council of Ministers after a cabinet meeting ...

Some 1,000 employees from one of Cambodia’s largest microfinance institutions gathered in the Koh Pich exhibition hall yesterday to watch A River Changes Course, the award-winning documentary about three Cambodians from different backgrounds all struggling to eke out a living in fast-changing times. Why Angkor Mikroheranhvatho (Kampuchea) ...

Cambodians in the northern provinces are preparing for the remnants of super-storm Typhoon Haiyan, though forecasts now predict it will only mildly affect the Kingdom. In a warning issued on Friday, the Ministry of Water Resources and Meteorology said high winds and heavy rainfall would likely ...

Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary. The comments come after both Prime Minister Hun Sen and ...

The Cambodian National Petroleum Authority (CNPA), formerly overseen by the Council of Ministers, will be integrated into the Ministry of Mines and Energy, according to senior CPP officials, the latest cut to the vast portfolio of government bodies controlled by Deputy Prime Minister Sok An. Since ...

A wounded female Irrawaddy dolphin was found dead in the Mekong River in Kampong Cham on Saturday. The 130-kilogram dolphin was discovered by residents in Kampong Siem town, significantly south of the species’ protected area, according to fishery administration officials. ...

The National Assembly is set to dismantle the Ministry of Industry, Mines and Energy, rebuilding it as the Ministry of Mines and Energy and creating a new Ministry of Industry and Handicrafts, a senior CPP lawmaker confirmed on Friday. The move comes just a few weeks ...

Turkey has opened an embassy in Cambodia to boost friendship and cooperation between the two countries, the Ministry of Foreign Affairs and International Cooperation said Saturday. Turkey decided to open the embassy “after the general elections were organized in a smooth, democratic, free and fair ...