News

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...

Cambodia is handicapped by the dollarization of its economy in three ways, according to Kith Sovannarith, Deputy Director General of Banking Supervision at the National Bank of Cambodia. ...

More than 40 rice millers have applied for quality checks to allow for export to China but most have not yet reached a high enough standard, the Agriculture Ministry said. ...

Cambodia currently faces significant foreign policy challenges amid great power rivalry in the Asia-Pacific. Against the backdrop of US President Donald Trump’s uncertain and unpredictable foreign policy in the region, China’s economic, military, and strategic influence over Cambodia continues to grow. China is now Cambodia’s ...

Over the last few years the Director of the Statistics Department at the National Bank of Cambodia began observing an unanticipated development while conducting field observation studies of trade at border crossings – the riel is being accepted for purchases in neighbouring counties. ...

South Korea’s state-run deposit insurer opened its first overseas branch in Phnom Penh yesterday in a move to sell off the bank and property assets of Korean banks that went belly up in 2011. ...

Villagers from Stung Treng whose homes stand to be flooded by the Lower Sesan II dam met with representatives of the Ministry of Mines and Energy at an NGO Forum-sponsored meeting in Phnom Penh yesterday, in hopes of establishing a dialogue towards a long-awaited compromise. ...

Mobile World Investment Corp (MWG) – one of the largest mobile phone and electronic products distribution chains in Vietnam – will open its first store in Cambodia, operating under the name BigPhone.com, according to Vietnamese state media. ...

Mines Ministry officials yesterday announced a project to shore up sections of the Mekong river affected by erosion that threatens families in Kandal province’s Mok Kampol district.   ...

Manufacturers of local products want fair play. While they have been receiving some consumer-support for their products, they still face an uphill battle against the same products imported from neighboring countries. And many local producers say the government should be doing more to help them ...

The United Nations Special Rapporteur on the right to privacy has denounced current world governments’ surveillance legislation, calling for respect for citizens’ rights to privacy.   ...

Several families affected by the construction of the Lower Sesan II dam yesterday renewed their calls for the government to demarcate boundaries so they can stay on their “ancestral land,” while others who chose to relocate painted a grim picture of squalid conditions in their ...

Mong Reththy Group, an agro-industrial conglomerate that invested heavily in the mango sector, is expanding markets for exports to Russia and Hungary. Group president Mong Reththy said the new markets will increase group exports from Cambodia to 5,000 metric tons a year. ...

A government minister has sounded the death knell for Tonle Sap picturesque floating villages after outlining a long-term plan to rehome all those living on the lake. Agriculture Minister Veng Sakhon yesterday told Khmer Times he wants to relocate thousands of families living on the lake ...

Companies from Europe’s frigid north are taking steps toward moving into the fish and environmental industries in Cambodia’s warmer climes.   ...

For the ruling CPP, the promise was to appoint a woman as governor for one of the country’s 25 provinces. For the opposition CNRP, its boast was having 60 female commune chief candidates—up from fewer than 10—to run in Cambodia’s 1,646 communes for this year’s ...

Cambodia has marked its first Cassava Day with expectations of greater exports to China, one of the world’s big markets for the tuberous root.   ...

Transportation Ministry inspection stations last month seized 242 overloaded trucks, nearly 100 more than the month prior, and more than doubled the fines dished out to offending vehicle owners, according to a ministry report released on Tuesday. ...

Cambodia Angkor Air and Air France Industries KLM Engineering & Maintenance yesterday signed a memorandum of understanding to cover component support and maintenance services for the national flag carrier’s fleet of Airbus A320.   ...

ambodia’s 700,000 garment workers are among those most affected by exchange-rate costs. Their monthly salaries are paid in US dollars, but most of their daily transactions are in riels. Moreover, because they send – on average – about 30 percent of their salaries back to ...

Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX). ...

HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. ...

As part of an ongoing Japan-funded project to reduce congestion in the capital’s clogged streets, City Hall turned on three new traffic lights on Wednesday in Phnom Penh—with two more set to follow today.   ...

Female construction workers earn on average about $2.50 less per day than their male counterparts, are given fewer opportunities to learn new skills and are victims of outdated gender stereotypes, a new report says.   ...