News

Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...

An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...

Cambodia’s first-quarter exports to South Korea soared nearly 80 per cent year-on-year, driven mostly by garments and agriculture products, but imports still accounted for most of the trade between the two countries. Total exports to South Korea jumped to US$30 million for the first three months of ...

Prime Minister Hun Sen on Friday urged the economic leaders of the Asean bloc to go through with a plan to double a bailout pool, funded largely by China, Japan and South Korea, to prevent future financial crises in the region. Opening the Asean Finance ...

After being found guilty yesterday, the Phnom Penh Municipal Court handed four men prison sentences and fines for their involvement in a smuggling ring, which brought more than two and a half tonnes of illegal cold medicine into the Kingdom from South Korea. Both men ...

The chief executives of the firms behind two large-scale real-estate projects in Cambodia have been sentenced to jail in Seoul for obtaining illegal loans and using the money to finance fictitious companies abroad, according to a South Korean court official. The two executives were among a ...

The Australian Federal Police (AFP) have decided not to investigate the Australian mining company OZ Minerals, saying information that the firm paid hundreds of thousands of dollars to family members of officials in the Ministry of Industry, Mines and Energy (Mime) when buying out its ...

About 177,000 Cambodian men and women were working abroad as of the end of 2010, and about $180 million was remitted to Cambodia from 126,000 migrant workers in Thailand, Malaysia, Japan and South Korea last year, according to a letter written by Prime Minister Hun ...

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

South Korean investors were in Phnom Penh yesterday seeking opportunities in electronics manufacturing, an industry that experts have said could represent the next stage of growth for Cambodia’s economy. Eleven delegates from Changwon City, South Korea, a manufacturing hub in the country, met with 70 local ...

Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market,  the companies aimed to provide a combination of advisory and underwriting services for companies ...

As tens of thousands of families continue to struggle with ongoing flooding, delays are still hampering the provision of overseas aid, with some donors holding back on distributing funds. China flew in two planes, laden with supplies worth $8 million, over the weekend and the South ...

As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...

Cambodian officials say the country’s economic growth rate is set to exceed seven percent this year. According to financial analysts even if the global economy slows, Cambodia is well prepared to deal with it, partly because of strong foreign investment. But the billions of dollars ...

The number of foreign visitors arriving in Cambodia jumped 14.1 percent to about 16.2 million in the first seven months of this year compared to the same period last year, according to data released Friday by the Tourism Ministry. Vietnam accounted for the largest number of ...

The senior manager of Tomato Specialized Bank yesterday said the bank would continue to operate in Cambodia despite a decision by South Korea’s financial regulator to suspend one of its partners. Korea’s Financial Services Commission on Sunday announced that seven banks, including the Tomato Savings Bank, ...

Plans are in the works to rebuild 505.4 km of rural roads in seven provinces with support from the Asian Development Bank (ADB) and South Korea. The first phase of the repairing of the roads will begin in December 2011. The project to rebuild roads ...

ABF Freight System Inc. on Monday announced it had opened offices in Indonesia, Japan, Singapore, South Korea, Malaysia, Vietnam, Thailand, Cambodia, Myanmar, the Philippines, India and Sri Lanka. The locations are in addition to ABF offices in China, Hong Kong and Taiwan, ABF said in a ...

Cambodia approved $1.2 billion in investments from China in the first six months of the year, a 104 percent increase in the amount of Chinese money set to flood into the economy compared to the same period last year, the Cambodian Investment Board said. The ...

PHNOM PENH– Cambodia has received 8.8 billion U.S. dollars of investments from China from 1994 to July 2011, making China the leading country in the investments in the country, according to the reports from the Council for the Development of Cambodia (CDC) on Tuesday. The ...

Cambodia-Korea Alumni Association (CAMKAA) in cooperation with The Korea International Cooperation Agency (KOICA) Cambodia Office launched the 3rd Seminar on the “Exchange Experiences of the Cambodia Korea Alumni Association” on August 26th to observe the mutual cooperation between Cambodia-South Korea. Mr. Seng Setha, President of CAMKAA, ...

The number of foreign tourists visiting Cambodia through July climbed 14 per cent year-on-year, with the most arrivals coming from Vietnam, South Korea and China, according to the latest Ministry of Tourism figures. Improved transportation, greater promotion of the Kingdom to world markets and widely ...

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: ...