News

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 ...

City officials said yesterday that an offer of land to people living near Boeung Kak lake would not force residents to relocate, following  concerns about how the city would implement Prime Minister Hun Sen’s order. Villagers won 12.44 hectares of land for on-site housing at the ...

GOVERNMENT-approved construction projects soared 84 percent year-on-year through July to US$747.7 million, which officials called the biggest jump since the property market bust three years ago. The number of approved projects for the period reached 1,279, a decline from the 1,344 projects greenlighted in the first ...

CAMBODIA’S prices were 7 percent higher at the end of June compared to the month in 2010, according to National Institute of Statistics official Sim Ly yesterday. Although the organisation was still preparing to release the official figures, Sim Ly said the figures would also ...

CAMBODIA’S total food and beverage imports jumped 28 percent year-on-year through June to US$74 million, as domestic demand continued to outpace the Kingdom’s production capacity. The demand comes as Cambodia’s economy regains momentum following the global financial crisis, said officials at the Ministry of Commerce, ...

Municipal officials began accepting applications for land titles from Boeng Kak lake residents yesterday, but the exact location of the 12.44 hectares granted to the residents remains unclear, community respresentatives said yesterday. Boenk Kak community representatives met with Srah Chak commune chief Chhay Thirith and ...

It is unclear if the Phnom Penh Water Supply Authority will be ready to launch its initial public offering on Nov 11 as planned, the managing director of Tong Yang Securities, the firm preparing the IPO, said yesterday. “Everyone in this IPO are working very ...

A fleet of bulldozers owned by an unknown company and accompanied by armed RCAF soldiers began razing some 300 hectares of contested farmland in Oddor Meanchey’s Anlong Veng district yesterday, village representatives said. “There were four soldiers with RCAF uniforms and AK-47s and every bulldozer ...

Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this ...

The government has postponed a top-level meeting with its foreign donors scheduled for November, a move that comes just over a week after a displeased World Bank revealed its decision to freeze all future loans to Cambodia. In an Aug 17 letter to World Bank ...