News

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

Cambodia and Vietnam have vowed to build closer ties and improve border trade after three days of closed-door meetings. Chum Sounry, the spokesman for the Foreign Affairs Ministry, said officials from the two countries spent time discussing how to work together on agriculture, education, culture, energy, ...

The Thai government has made a verbal commitment to supply four trains to Cambodia for a railway set to connect the neighbouring countries by early July, said Ly Borin, undersecretary of state at the Public Works and Transport Ministry and director of the Cambodia Railroad ...

At least six people were injured and 150 properties damaged during a storm in Pursat, Preah Vihear and Rattanakiri provinces. Preah Vihear province’s deputy police chief Chorm Sam Ol said yesterday that based on preliminary reports, the storm started on Tuesday afternoon and destroyed 83 homes ...

The Cambodian, Laos, and Vietnam parliaments have shared a stage to discuss their expenditure experiences and improve transparency and auditing of public investment in areas such as infrastructure. ...

Thailand expects exports of electrical and electronic components and devices to Cambodia to grow to about $50 million this year due to high demand.   ...

The Japan International Cooperation Agency (JICA) has finalised a sewage management master plan for Phnom Penh, which is in dire need of a wastewater treatment plant, officials said yesterday.   ...

More Cambodians took out home loans last year than the year before, prompting banks like ANZ Royal to provide specialized services for the growing sector.   ...

A group of 70 people from six communities in Phnom Penh have petitioned City Hall to clarify how the construction of rail side roads will affect them, amid fears they could lose their homes. ...

Government officials are working to settle compensation claims for 50 families living alongside a kilometer of rail track in Poipet town, to allow a rail link between Cambodia and Thailand to open by the middle of the year. ...

Deputy Prime Minister Sok An, one of the most senior officials in the ruling Cambodian People’s Party and who recently received a royal title from King Norodom Sihamoni, died last night. ...

Cambodia’s first submarine telecoms cable, costing $100 million, that will strengthen existing internet capacity and greatly increase connectivity speed at lower cost, was officially launched yesterday. ...

A legal framework that ensures a “sound, strong and efficient” financial sector has ensured the swift expansion of banking services throughout the country, but borrowing rates remain high and a large segment of the population – primarily those in rural areas – face difficulties accessing ...

Palm oil production is expected to drop over the next few months but instability in the international market is likely to drive down local prices by the start of next year, a Cambodian palm oil producer has warned. The price of crude palm oil in ...

The Thai Labor Ministry has increased the minimum wage for Cambodian migrant workers since the start of the year, however civil society officials say there are both pros and cons to the salary increase.A notice published yesterday and signed by Labor Minister Ith Samheng, who ...

The ruling CPP doubled down on Tuesday on its decision to cap interest rates on microfinance loans as a way to help the poor get out of debt, even as analysts called it a political move that would have long-term negative effects on the rural ...

Conservationists remain wary of the government’s recent pledge to sideline construction of the controversial Chhay Areng hydropower dam after finding the project on the Mines and Energy Ministry’s new to-do list.After a February 17 Council of Ministers meeting, the government announced that plans to build ...

Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...

Nearly 60 homes in Battambang and Pailin provinces were damaged by storms on Monday caused by unseasonal rain, however no injuries or deaths were reported. A disaster management committee report said that in 2016, there were 279 storms that completely destroyed 1,997 houses and tore ...

Interior Minister Sar Kheng yesterday, after becoming the latest ruling party official to weigh in on the CNRP’s embattled campaign slogan, went on to question the validity of the recent extraordinary congress that elevated Kem Sokha to party president.At the inauguration of a new road ...

Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...

Prey Lang Community Network conservation activists in Kratie province have accused local officials of colluding with illegal timber transporters after authorities allegedly declined to intervene after being tipped off on Sunday to stockpiles of logs thought to have been felled within a wildlife sanctuary.Ek Sovanna, ...

The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...