News

On the second day of his two-day visit to Ratanakkiri, Prime Minister Hun Sen on Friday cajoled indigenous minority members about their ready adoption of new technology amid the shift away from traditional ways of life, and extolled the benefits of rubber plantations over their ...

Discussions on restarting World Bank loans to Cambodia will not commence until after the 2013 elections, a bank official said yesterday. After a landmark freeze on loans announced in December 2010, a response to the forced evictions by the government of residents of the Boeung Kak ...

Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...

Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE. In its latest MarketView report, CBRE says bluntly that currently “demand for satellite ...

Land prices along National Road 4 still have the potential to rise, despite the relocation of a number of factories to National Road 3, property experts say. ... The price of land goes from $100 to $300 per square metre from Chaom Chao cycle to the ...

The secretary-general of the Council for the Development of Cambodia (CDC) called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015. Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh, said Asean members must ...

Cambodia has decided to go ahead with the construction of a dam on a Mekong tributary, but conservation groups are concerned that not enough study has been done on the hydropower project’s environmental consequences. Construction on the 400 megawatt Lower Sesan 2 dam in northwestern Cambodia’s ...

Corruption remains a major impediment to Cambodia’s development, but the systemic practices associated with it can be curbed if the government takes serious action, a transparency advocate says. Preap Kol, executive director of Transparency International Cambodia, told VOA Khmer in a studio interview recently that Cambodia ...

The World Bank and Japan will promote Thailand as the insurance centre of the Association of Southeast Asian Nations (Asean) to help develop the industry in neighbouring countries and provide professional services to the more advanced economies. The move is also expected to upgrade the insurance ...

If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...

For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and ...

Indochine Mining Limited (ASX:IDC.AX - News) is pleased to announce a successful capital raising from existing institutional shareholders and a new major global fund... Indochine Mining Limited (ASX:IDC.AX - News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding ...

Cambodia has made almost no progress over the past six years when it comes to gender equality, and is still the lowest-ranked country in the region, according to the World Economic Forum’s 2012 Gender Gap Index. Ranked 103 out of 135 countries surveyed, Cambodia placed last ...

Government-issued economic land concessions are making the country's indigenous communities in the northeast provinces worse off, according to a study by the Mekong Institute of Cambodia. Presented yesterday at the 2012 Development Research Forum in Phnom Penh, the study comes on top of mounting criticism of ...

Singapore-listed property and construction group TA Corporation has managed to post stellar increase in earnings in the first half of this year, despite the government's property cooling measures... TA Corporation is also aiming for further growth overseas through joint ventures in China and Cambodia... "China has big ...

Cambodia's service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...

Global development group Oxfam on Wednesday called on the World Bank to suspend financing for large-scale land acquisitions to ensure that its practices do not encourage foreign land grabs in developing countries. Oxfam urged Jim Yong Kim, the lender's new president, to announce a six-month moratorium ...

Poor education and a lack of skills are still major challenges for Cambodian women and a recent meeting in Phnom Penh with the Ministry of Women's Affairs and the United Nations Development Program set out to validate an action plan on women's economic empowerment that ...

Cambodia's Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods. Speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each ...

U.N. representatives from Japan, the European Union and Australia called on Cambodia to heed recommendations made in a report on human rights and economic land concessions by the U.N.'s envoy Surya Subedi at the Human Rights Council in Geneva Tuesday. ... While the E.U. commended Cambodia ...

Social work, long-established in developed countries but unheard-of in Cambodia, could be set to change the face of child protection in the country as interest in the field grows. Last week, a hundred potential social workers from around the country came to Phnom Penh for an ...

Cambodia's economic land concession (ELC) policies are hindering development far more than helping it and beginning to erode the country’s hard-won stability, Cambodia’s special rapporteur warned yesterday. “As I have noted in relation to other sectors in Cambodia, the existence of the legal framework on paper ...

The number of Internet users in Cambodia more than doubled last year, but the country still has the third-lowest Internet penetration rate in the region, according to recent statistics released by the World Bank. Internet users jumped from 178,142 in 2010 to 443,461 in 2011-reaching about ...

Cambodia ranks among the lowest in the region on its ability to reform; corruption, political stasis and a rapidly widening income gap are hindering its progress, according to a recent survey of the country’s democratic institutions. ... Transformation Index, which every two years ranks countries considered ...