News
Chinese firm floats proposal for rail link to capital’s port
A representative of China Railway 16th Bureau Group met with Transportation Minister Sun Chanthol on 26 June to discuss a $250 million project proposal that would link the container terminal of Phnom Penh Autonomous Port to the Southern Line, a 266-kilometre rail line that stretches from ...
Laos, Cambodia to develop land links, trade and investment
Laos and Cambodia have agreed to continue to strengthen cooperation and to develop land links to enhance trade and investment between the two nations. The plans arose from a meeting between Prime Minister Thongloun Sisoulith and his Cambodian counterpart Hun Sen when Mr Thongloun visited Cambodia ...
Banking service deemed poor
While Cambodia’s crowded banking sector has enjoyed strong growth, the majority of consumers surveyed have cited dissatisfaction with banking services as a main impediment for the sector’s confidence and future growth. “Banks need to serve the people and teach them how to spend, invest and save ...
EU, SIDA offer €33.1M grant for budget reform
The European Union and the Swedish International Development Cooperation Agency have agreed to provide a grant of €33.1 million to support the third phase of Cambodia’s Public Financial Management Reform Program, state news agency AKP announced on 24 June. Keep reading ...
Proposal for training to enhance factory skills
Cambodia has appealed to Germany – a country renowned for its skilled technicians and engineers – to provide vocational training to support the Kingdom’s growing industrial sector, a Commerce Ministry official said on 24 June. In a meeting earlier this week, Minister of Commerce Pan Sorasak ...
Health Ministry acknowledges ‘complications’ in nod to CNM graft
The Ministry of Health this week called for closer oversight of contract employees and acknowledged “inappropriate phenomena” in paperwork filed by mid-level officials, an admission that comes just over a month after evidence came to light of widespread graft in Cambodia’s National Malaria Centre. The letter, ...
As surrogacy industry expands, legal and ethical issues mulled
Despite a veil of secrecy, details are beginning to emerge about Cambodia’s burgeoning commercial surrogacy industry. In an article on the website Gays With Kids, a British-Polish couple has revealed how they became parents of one of the first surrogate babies born in Cambodia earlier this ...
South Korean cargo line aims to double shipments
The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port in Cambodia, and cargo sizes are expected to double in the coming month, a local company representative said on ...
Banks offer credit for those with steady jobs
The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit. Canadia Bank began offering advance salary loans in early 2014, while ...
Tycoon looks to expand and deepen private Sihanoukville seaport
Agro-industrial tycoon Mong Reththy plans to expand his private port to handle bigger ships and containerised cargoes, increasing potential competition with the country’s principal port in Sihanoukville. “In order to handle container ships, the port must be renovated and the channel deepened to eight metres, which ...
