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New Airline About To Take Off

Cambodia Airways, a locally owned airline with $200 million paid-up capital, will launch operations in the next few weeks, operating local and international routes,...

Government To Incentivise Low-cost Housing Projects

As part of their new affordable housing policy, the government is calling on developers to submit proposals for low-cost housing projects under the promise...

New Venture To Invest In Local Tech Startups

OOCTANE Cambodia, a venture capital firm under the umbrella of the Worldbridge Group, announced yesterday the launch of a fund to invest in local...

Government To Regulate Service Charges

In a bid to increase transparency between businesses and their customers in the tourism industry, the government has issued a directive regulating the use...

Next Asean Meeting On Tourism Qualifications To Be Held In Cambodia

The second edition of a conference on the mutual recognition of professionals in the tourism industry across Asean member states will take place in...

Government Issues Regulation On Taxing Oil Production Operations

The Ministry of Economy and Finance issued a sub-decree this week detailing taxation requirements for oil production operations in the Kingdom. Sub-decree number 52, signed...

EuroCham Holds Tax Forum In Siem Reap

Eurocham Cambodia held Friday another edition of its prestigious tax forum in Siem Reap, an event that allowed members of the private sector to...

Fisheries Conservation Project Headed To Europe For Approval

The feasibility study on a promising fisheries-conservation project that will be financed by the European Union has been finished, and will now be presented...

Climate Change To Slash Cambodia’s Productivity: Report

Even if current levels of spending on climate change adaptation are maintained, rising temperatures in the Kingdom will continue to impact economic performance, reducing...

With Support From Japan, Mass Transit System On Track

The government yesterday reassured the public that the automated gateway transit (AGT) system, an electric-powered mass transit system that will link Phnom Penh’s city...

Thailand Warns Of Possible Ban On Cambodian Cassava

Thailand said it is considering imposing a ban on imports of Cambodian cassava following reports that the cassava mosaic virus has been found in...

HK Firm Considers Local Soursops

A Hong Kong-based firm is eyeing imports of Cambodian soursop to produce juice, according to the Cambodian Center for Study and Development in Agriculture,...

Acleda Aims For Full Digitalisation Of Branch Offices

Acleda Bank, one of the biggest commercial banks in Cambodia, aims to have all its branch offices in Cambodia fully digitalised in the near...

Thailand, Cambodia Pledge To Strengthen Tourism Ties

With relations between the two countries at a high point, Cambodia and Thailand have agreed to boost cooperation in tourism to bring more tourists...

Protecting Intellectual Property Key To Innovation: Minister

Following an application from a local company to patent the process of turning banana trees into fabric, the Ministry of Industry and Handicraft reminded...

With Support From Thai University, Sericulture Sector Set To Flourish

In a bid to revive the local sericulture sector, Mahasarakham University, an academic institution based in Northeastern Thailand, is providing technical assistance to a...

IFC To Step-up Sustainable Agriculture In Cambodia

A new partnership between the International Financial Corporation, London-based Mars Food and local company Battambang Rice Investment Co., Ltd, seeks to boost sustainable farming...

Digitalisation Must Be A Priority For Businesses: Ministry

The Ministry of Posts and Telecomm-unications yesterday urged government bodies and companies operating in Cambodia to redouble efforts to digitalise processes and embrace the...

Construction Work To Renovate National Highway 5 Begins

The renovation of National Road 5 continues, with construction work on the section that runs from Prek Kdam area in Kandal to Thlea Ma’Am...

QR Code System To Rate Services In International Gateways Launched

The Ministry of Tourism began yesterday the installation of a network of stickers known as QR codes in the country’s main international gateways to...

Exports to US up 25 pct in Q1

Cambodian exports to the United States, the world’s largest economy, rose sharply during the first three months of the year following a marked increase...

Indian Group To Upcycle Old Mills

India-based Saba Industries Group, a major manufacturer and exporter of rice and other commodities in the region, plans to invest $100 million in Southeast...

Smart Cities To Be At The Forefront Of Upcoming Forum

With the next edition of the Cambodia Architect and Décor International Exhibition just around the corner, both government and private sector agree the future...

Japonica Rice Ready For Farming

The government yesterday announced that a new rice variety known as ‘japonica’ is officially available for farming after having passed performance tests. Officially called ‘oryza...

Tax Cuts Promised For SMEs That Register With GDT

In order to bring more businesses into the regulatory fold, the government has promised attractive new incentives for companies that register before December, including...

Solar Company Unfazed By Storage Concerns

With the world increasingly turning to renewable energies to meet power demands, DMEGC, a Chinese manufacturer of solar panels, believes many of the problems...

Luxury Villa Project Breaks Ground In Phnom Penh

Construction work for a new high-end villa project began yesterday in Phnom Penh.The Palms will cost an estimated $100 million and will be raised...

Economic Outlook Stable: Moody’s

Rating agency Moody renewed Cambodia’s B2 credit rating, a decision based on the kingdom’s stable outlook and expected solid economic growth, but warned investors...

Second Section Of Western Rail Line Opens

The railroad connecting Serey Sophorn in Poipet to Battambang, a section of the western rail line that runs for 65 kilometres, officially opened Sunday. The...

Japanese Residential Building Breaks Ground

L’attrait, a new condominium building funded with $18 million from Japanese investors, broke ground yesterday in Boeung Keng Kang. Standing 26 floors tall, the new...

New Cassava Factory To Operate At Full Capacity Next Month

Ratanakkiri’s first cassava-processing plant will operate at full capacity starting next month, producing 300 tonnes of cassava products per day. The factory is now on...

GSP Extension Comes Into Effect

The restoration of US’s Generalized System of Preferences programme became effective on Sunday, renewing access to duty-free privileges for Cambodian exporters. The extension of GSP...

ADB’s Assistance To Cambodia Nears 2.9 Bln

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s...

NBC Warns Against Online Borrowing

The National Bank of Cambodia (NBC) yesterday called for citizens to exercise caution when dealing with online and mobile lending companies, as many of...

Farming To Be Transformed By 2030

Cambodia has set a target of modernising the agricultural sector to make it more competitive with high productivity in the next twelve years, Agriculture...

Second Strike For Gold Prospector

Australia-listed Geopacific Resources announced yesterday it had made a second gold discovery in the Prospect 181 area of the Kou Sa project in the...

Economic Outlook Bright: ADB

The country’s economy outlook for 2018 is marked by robust export growth, strong foreign investment, sustained growth in the number of tourist arrivals, and...

Siem Reap Hotel Beats The World’s Best

Cambodia’s Viroth’s Hotel, based in the province of Siem Reap, has come out top of the 2018 Best Hotels in the world for travellers,...

Flights From Phnom Penh To Indonesia On horizon

Direct flights between Indonesia and Cambodia are likely in the next three months because Indonesia is a major tourist market in Southeast Asia, according...

Agreement Protects Patents

Cambodia has received the details of the first 20 patents from companies as an agreement recognising Chinese intellectual property rights came into force officially. The...

Turkey Eyeing Big Trade Boost

Cambodia and Turkey have pledged to boost trade between the countries to half a billion dollars by 2020. Moves to enhance economic relation between the...

Cellcard Maintains Network ‘Speed Lead’ With Latest Ookla Tests

The latest Ookla results for network speeds in Cambodia have just been announced, again placing Cellcard as having the fastest 4G in the Kingdom. The...

New Transport Links eady for KNY

The Transportation Ministry is launching two transportation services this week in order to accommodate those traveling ahead of Khmer New Year. The western railway service...

Airport Rail Link Set To Start

The rail link from Phnom Penh International Airport to the city will be ready for service before the start of Khmer New Year in...

CDC To Issue 35 Project Certificates In Industries

The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444...

Angkor Revenue Up, Tourists Amount Down

According to a new report by the Ministry of Tourism published yesterday, revenue from ticket sales to the Angkor Archeological Park reached $39.48 million...

Macau Link Sparks Tourism Hopes

The ancient province of Siem Reap and China’s autonomous region of Macau have reached a memorandum of understanding (MoU) to build a sister city...

Cambodia Smiles For Foreigners

Cambodia ranks 4th in the top ten most welcoming countries for foreign residents, the latest survey from Expat Insider shows. The survey rated Cambodia’s friendly...

Grab Seals Ride-share Deal With Uber

Singapore-based ride sharing company Grab yesterday announced its acquisition of the Southeast Asia operations of its giant American rival Uber, the deal came just...

Taxes Target Used Car Imports

The government is considering increasing taxes on used car imports, and encouraging auto companies to set up assembly plants in Cambodia. Kun Nhem, director-general of...

Power Access Spreads But Reliability Problem Persists

Access to grid electricity has expanded to 71.5 percent of households but the reliability of power supplies can be improved, the World Bank says...

Cambodians Take To The Skies, New Asia Routes Opening Soon

Chinese passenger arrivals via the three international airports are the main trend providing steady growth, a senior officer at Cambodia Airports says, but Cambodians...

Initial Construction Work For Twin Towers Begins

Initial construction work of the Thai Boon Roong Twin Commercial Centre in Phnom Penh started yesterday, according to an official who helped design the...

Cambodia Thanks Australia For Agriculture Support

Cambodia reiterated the important role Australia plays in the development of its agriculture sector and urged leaders of the Commonwealth nation to support the...

Cellcard Maintains Its Leadership In Network Speed

Cellcard has done it again, maintaining its leadership in network speeds across Cambodia as awarded by OpenSignal at the recent Mobile World Congress held...

Ministry Partners With SCG To Upskill Construction Workers

The Ministry of Labor and Vocational Training has teamed up with Thai building materials company Siam Cement Group (SCG) to train construction workers through...

Sihanoukville To Welcome New Marriott Hotel

Local real-estate firm Grand Lion Group reached a deal with US-based Marriott group to manage and operate a new five-star hotel in the coastal...

Kandal’s River Festival To Boost Made-in-Cambodia Brand

The Sun rises in the horizon as Sopheap busies herself preparing the products she will have for display during the River Festival, which starts...

Angkor Gold To Assist In Promoting Gender Equality

Angkor Gold Corp, a Canadian mineral exploration company with operations in Cambodia, announced its participation in a three-year project with the Global Compact Network...

Construction Resumes At Gold Tower 42

Construction of controversial building Gold Tower 42 has resumed, with developers assuring the government it will be finished by the end of 2019. Seng Lot,...

Cambodia Eyes Water Transport Body

In a bid to address the high cost of logistics in the country, Cambodia plans to apply for membership at the Japanese branch of...

Cambodia Launches Halal Certification And Label

A halal certification created by the Cambodian government is now available for companies that produce or sell food items in the kingdom. “Now we have...

CSX Launches App And Website To Teach Public About Securities Investment

The Cambodia Securities Exchange (CSX) yesterday officially launched a website and an app to help investors and the public achieve a better understanding of...

Cellcard Awarded Cambodia’s Fastest Mobile Network At Mobile World Congress 2018

Cellcard has gained global recognition at Mobile World Congress 2018 in Barcelona, Spain, forbeing Cambodia’s leading mobile operator for 3G, 4G and overall download...

Sihanoukville To Welcome Four New Factories

The Council for the Development of Cambodia (CDC), the government body in charge of approving private and public investments, has green lighted four new...

Cambodia On Course To 7 Million Tourists Goal

Following double digit growth in foreign tourist arrivals last year, Cambodia is expected to welcome 6.1 million international visitors in 2018 and is well...

New Quality Certificate To Promote Made-in-Cambodia Brand Abroad

In a bid to increase consumer trust in locally made products and build up the made-in-Cambodia brand, a new government directive is urging businesses...

Industrial Diversification Key For Growth, Experts Say

To maintain its current level of economic growth, Cambodia must climb up the regional value chain, expanding beyond garments and into more advanced, technology...

Rubber Prices In Decline

The price that Cambodian rubber latex fetches overseas dropped by 10 percent since the beginning of the year, a fall that officials attribute to...

Hospitality Establishments Continue To Increase

With international tourist arrivals and investment in the sector ostensibly on the rise, the kingdom saw a “tremendous” growth in the number of hotels...

New Electricity Bill Cuts Planned To Start In April

Starting on April 1, the Electricity Authority of Cambodia (EAC) will continue to bring down the cost of electricity for households and enterprises in...

Agricultural Communities To Rise

In an effort to increase agricultural production and raise living standards for farmers, the Ministry of Agriculture is prioritising the creation of agricultural communities...

Japanese Investment Worth $1.6 Billion In 2017

With over 130 registered projects in banking, manufacturing, agriculture, service and infrastructure, among other sectors, Japanese investment in the kingdom was valued at $1.6...

Celebrating Chinese New Year

It’s Wednesday night. On any other day, businesses in the capital would be getting ready to close for the day just about now. But...

Tourism Sector Worth $3.6 Billion In 2017

Cambodia’s tourism sector earned $3.63 billion in revenue last year, an increase of 13.3 percent, according to the latest figures from the Ministry of...

Agricultural Exports Grew By 11 Percent Last Year

During the last five years, agricultural exports have grown on average 7 percent per year, according to the latest report from the Ministry of...

Experts Convene To Debate Intellectual Property Rights

More than 200 business leaders, consultants, lawyers and government officials gathered yesterday to discuss intellectual property rights in an event organised by the European...

Rosewood Phnom Penh To Open Next Week

Seeking its piece of the pie in the luxury segment of the local hospitality industry, 5-star hotel Rosewood Phnom Penh will opened its doors...

Business Leaders Gather To Discuss Startup Regulation

Key figures of the country’s startup community gathered yesterday in Phnom Penh to share their views on how the local startup sector should be...

China Pushes For Use Of Yuan In Cross-border Trade

Cambodia was asked to quote prices in the Chinese currency for trade with companies in China’s Guangdong province. The request was made by Guangdong’s vice-governor...

New Building Seeks To Enhance Local Construction Standards

The World Trade Center Phnom Penh (WTCPP), a multipurpose complex built by Japanese investors, will be finished by mid-2021, serving as a centre to...

Aviation Sector Sees More Than $3 Billion Investment In Last 20...

In the last 22 years, more than $3 billion has been invested in local air transport infrastructure, according to the latest report from the...

US Firm Pitches Massive Solar Project

US-based Omni Navitas pitched a project to the government for a $500 million solar power plant that will be built through a joint venture...

Digital Signatures In The Making

A month after the release of sub-decree 246, the first directive in the kingdom to address digital signatures, the Ministry of Posts and Telecommunications...

Gold Tower 42 to finish by 2019

Construction of controversial building Gold Tower 42, originally costing $420 million on the intersection of Monivong and Sihanouk boulevards, will resume shortly, with the...

Festival To Promote Local Products

In a bid to promote the made-in-Cambodia brand, the Ministry of Commerce is urging local businesses to exhibit their products in the upcoming Tonle...

New Platform To Champion Sustainable Trade Globally

Sustainability Map, a new online platform that aims to enhance sustainable trade globally, chose Confirel, a local specialty food producer, as its first Cambodian...

PAS’s New Terminal Ready By June

Construction of a new multipurpose seaport terminal in Sihanoukville Autonomous Port (PAS) will be finished in May, according to government officials and port representatives. Speaking...

Cambodia Urged To Focus On Good Corporate Governance

With the country’s economy expanding at break-neck velocity, the time has come for Cambodia’s private sectors and regulators to get serious about corporate governance...

Annual Rice Forum Kicks Off

The annual rice forum starts in Phnom Penh today, bringing together farmers, businesses and researchers for a two-day event that seeks to find solutions...

Geopacific Strikes Gold

Geopacific Resources this week announced the discovery of new gold deposits within its Kou Sa project, located in prospect area 181 in Preah Vihear...

New Centre For Agricultural Research To Help Expand Markets

China-based Digital Agriculture Exchange has revealed plans to build an agricultural research centre in the kingdom to improve production and packaging standards of local...

New Warning Against Digital Coins Issued

The Securities and Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing that there is no...

Cambodia To Reduce Foreign Debt

The government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and...

Phnom Penh’s New $1.5b Airport Gets The Green Light

The capital will soon be serviced by a new airport, which, according to a recent government announcement, will be built in Kandal province. The project,...

Economy To Grow At 6.9 Percent In 2018, NBC

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance...

Inflation In 2017 Low And ‘Manageable’

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods,...

Price Of Rubber Set To Rise After Neighbours’ Pledge

Following a pledge made last week by Thailand, Indonesia and Malaysia to withhold exports of 350,000 tonnes of natural rubber until March, experts say...

Taxation Agreement With Singapore In Effect

The double tax avoidance agreement (DTA) between Cambodia and Singapore came into effect this month, helping clarify taxation rights on all forms of income...

Local Bank And MFI Sector Continue Their Meteoric Rise

In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions...
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