News

The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additional funding sources, officials said yesterday. ...

Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...

Trade between China and Cambodia swelled to $4.8 billion last year, up by about $200 million from the year before, while Beijing has now given the government $4.2 billion in grants and loans, Prime Minister Hun Sen said on Tuesday. ...

Prime Minister Hun Sen said yesterday that China has been playing a critical role in contributing to the development of the Cambodian economy through direct investment and helping to develop infrastructure.  In 2016 trade reached about $4.8 billion of which exports from Cambodia amounted to ...

The Tourism Ministry has prepared a master plan for the development of the industry in provinces and cities to attract investment in the sector and create more products for tourists. However the country needs growth of at least 10 percent year-on-year to reach the target ...

With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits ...

Prime Minister Hun Sen said on Monday he had urged Philippine President Rodrigo Duterte to invest more heavily in Cambodia’s rice sector, while also acknowledging the need to lower rice processing costs and find new export markets to boost the competitiveness of Cambodia’s most important ...

Villagers involved in a long-running land dispute in Kratie province’s Sambor district have prevented soldiers from building a fence around disputed land that the army intends to use as a sniper training ground. ...

Soeun Phal, a 27-year-old security guard, and Kong Phanny, a 61-year-old cleaner, died when a wood-fired steam generator exploded. The guard, who did not know how to operate the machine, had been seen adding more wood to the generator’s fire before the explosion, authorities and ...

Twenty-nine bus companies have agreed not to raise ticket prices on the eve of the upcoming Khmer New Year holiday after a meeting with officials from the Ministry of Public Works and Transport yesterday morning. ...

Lack of trust from investors has so far limited the growth potential of the growing number of Cambodian technology startups. Five-year old Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become one of the country’s first local tech startups ...

Information Ministry officials and state-affiliated Cambodian journalists will receive training from and pay visits to their Chinese counterparts under a new agreement signed by the two countries on Monday.  The announcement follows a forum hosted in October by a senior propaganda officer for the Communist ...

Prime Minister Hun Sen has called on the Agriculture Ministry to do more to prevent land grabbing in the country’s endangered flooded forests.Speaking at the closing ceremony of the Agriculture Ministry’s annual meeting yesterday, Mr. Hun Sen said encroachment risks wiping out fish populations that ...

Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. ...

Authorities in Ratanakkiri province have confiscated about 700 small pieces of luxury-grade wood found on an empty plot of land belonging to Yeay Pralit, a timber trader whom local authorities had long suspected of committing forest crimes, deputy provincial court prosecutor Hak Phoan said on ...

After a rampage that destroyed homes and terrified villagers, a rogue elephant was shot by police in Mondulkiri early on Friday morning, with one local mahout saying the unfortunate killing was an outgrowth of a changing way of life that has seen elephants’ traditional work ...

Land Management Minister Chea Sophara on Friday reminded more than 200 residents and soon-to-be evictees of Phnom Penh’s iconic White Building to “help us back” by voting in upcoming elections in return for the government negotiating compensation for their properties. ...

The National Election Committee (NEC) on Friday launched a radio campaign to educate Cambodians about upcoming commune elections and to counter misinformation about the June 4 poll. ...

Motorcycle license registrations can now only be renewed at one-window service offices nationwide in a bid to streamline services.The announcement, issued by the Transport Ministry on Wednesday, ordered provincial transport departments and ministry delegates to stop issuing motorcycle ownership cards, license plates or ownership transfer ...

The Cambodian arm of anti-corruption group Transparency International aims to get greater grassroots support for its work and turn itself into a “social movement” by opening up to individual and group memberships. ...

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. ...

A villager and a CNRP councilor have been detained in a long-running land dispute in Kampong Thom province’s Prasat Ballangk district.A team of police and officers from the provincial forestry administration on Friday demolished the homes of 17 families living on three hectares of disputed ...

Kem Sokha has claimed official and unofficial opinion polls show the opposition CNRP is on track to win a majority at the commune elections in June.Addressing supporters at a fundraising drive in Auckland, New Zealand last week, the opposition leader said his party was making ...

Representatives from global ride-hailing behemoth Uber confirmed the company’s interest in starting operations in Cambodia during a meeting this week with Transportation Minister Sun Chanthol, according to one of the minister’s aides. ...