News
Canadian bank satisfied with local aquisition
National Bank of Canada saw strong growth on its investment in Advanced Bank of Asia Ltd (ABA Bank) after taking a 90 percent stake in the Cambodia-based lender last May, a banking executive said on January 25. “I am very satisfied with the performance of ...
A ripe market for avocados
Avocados have never been a big part of the Khmer diet, making infrequent appearances in dessert dishes or drenched in condensed milk as a smoothie. But a small local market for the green pear-shaped fruit is forming, and experts say it could be a profitable ...
Cambodia to protect European patents
Cambodia is set to become the first country in Southeast Asia to recognise and protect European patents after the Minister of Industry and Handicrafts signed an agreement with the European Patent Office on January 24. The agreement, expected to come into effect in July, places ...
Sand stats ‘correct’: government
At a government-organised forum on sand exports on January 24, a Ministry of Mines and Energy official said an investigation had been carried out into huge discrepancies in data on sand export from Cambodia to Singapore but that the probe found no irregularities. UN data ...
More tourists, less revenue
The Ministry of Tourism released its annual report on January 24 during its yearly meeting, showing growth continued for the sector in 2016, while launching a campaign to eliminate unlicensed tourist establishments that ministry officials claim slowed revenue collection last year. International tourism arrivals increased by ...
Families, authorities reach relocation deal
Locals and authorities came to a relocation agreement on January 23 after some 100 villagers, representing about 200 families living on a riverbank in Kampong Chhnang province protested on Sunday to demand proper compensation after they were told they must move to pave the way for ...
Fish yields rise, exports fall
The total export of fish products decreased in 2016 even though fish yields rose, causing income from the fisheries sector to drop by nearly a half compared with a year earlier. An Agriculture Ministry report showed that income from the fisheries sector in 2016 was ...
Families near airport push for land titles
About 600 families living next to Phnom Penh International Airport urged the State Secretariat of Civil Aviation on January 23 to help speed up the process of giving them titles to their land. While submitting a petition to the SSCA on January 23, resident representative ...
Prey Lang forest NGO in running for Yale prize
A member of the Prey Lang Community Network will travel to Connecticut in the United States this weekend after it was selected as one of only two finalists for Yale University’s International Society of Tropical Foresters Innovation Prize. The PLCN was nominated by the University of ...
Date set to debate assembly rules
The National Assembly’s Permanent Committee has scheduled January 31 as the date to debate amending article 48, an action that would strip acting CNRP president Kem Sokha of his role as minority leader. The decision was made in a meeting yesterday and was supported by ...
