Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...

Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...

The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...

About 300 cubic metres of luxury timber is being felled every day and transported on boats to Vietnam and Thailand from four districts in Koh Kong province, according to an investigation by a local rights group. Chea Hean, director of the Natural Resource and Wildlife Preservation ...

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

Suy Sophan, the owner of development firm Phan Imex, has been ordered to repay $2.7 million to a Korean company over an uncompleted sale of land at Borei Keila, from where hundreds have been violently evicted, a court document reveals. In a decision handed down in ...

Y Chhien, who has served as the governor of Pailin province since former Khmer Rouge foreign Minister Ieng Sary led his rebel forces in the area to defect to the government in 1996, will step down from his position on Saturday, his cabinet chief said ...

Representatives of a community locked in a land dispute with a Vietnamese company in Kratie province returned home from Phnom Penh late Tuesday after failing to garner support from Prime Minister Hun Sen, while an official at the company said it had begun destroying villagers’ ...

Nearly a hundred villagers living along a river located in Sa’ang district’s Koh Anlong Chin commune in Kandal province recently protested against the plans of one company to dredge sand in the area. on Sunday, employees of sand-dredging company Sok Teang Import Export, which has been ...

The Ministry of Labour is looking to reduce night shift workers’ wages to bring them in line with day rates. This, it said, will increase Cambodia’s competitiveness. However, unions and workers have slammed the move. Minister of Labour and Vocational Training Ith Sam Heng sent ...

The Srepok Wildlife Sanctuary chief in Mondulkiri province has been accused of allowing illegal timber factories to operate in the protected zone. Activist Kroeung Tola on Tuesday said in a Facebook post that Srepok Wildlife Sanctuary chief Pen Pheaktra was permitting illegal timber factories to ...

The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s ...

The EU’s decision came in response to the government’s crackdown on the Kingdom’s largest opposition party – the Cambodia National Rescue Party – which was summarily dissolved last month, a development that the EU said rendered credible elections impossible. But in a speech to garment workers ...

Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in ...

The Preah Vihear Provincial Court has dropped all charges against eight ethnic Kuoy villagers who were in a land dispute with the Hengfu Group Sugar Industry Co Ltd since 2014. Wednesday’s decision was made by the judge who tried the case on June 10. The eight ...

Bilateral trade between Cambodia and the U.S. was recorded at $2,488.3 billion in the first five months of this year, a year-on-year increase of 18 percent. Statistics from the U.S. Census Bureau, from January to May, the Kingdom exported $2,363 million worth of products to ...

The Ministry of Water Resources and Meteorology yesterday announced that tropical storm Molave, currently causing havoc as it crosses the Philippines, will soon drop further rain on Cambodia, already suffering from devastating floods. Cambodia expects the impact of Molave from October 28 through 29, with ...

A local salt producer says that her company’s exports have been stuck in stasis by the COVID-19 pandemic and tough competition among local producers is making things even tougher. Thaung Thyda, the founder of Thaung Enterprise, says her company was focused on exports but with ...

Cambodia’s 2020 exports to the US remained strong despite the COVID-19 pandemic crisis as the Kingdom’s exports to its other primary trading partners declined. Figures from the US Census Bureau showed that Cambodia exported $6.577 billion of goods to the world’s largest economy, a year-on-year ...