News

Sihanoukville port announces bookbuild and IPO date

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering on the Kingdom’s stock market set for May 31, the company’s sole underwriter said on ...

China yet to give okay to eight rice traders

China has yet to respond to a request made by the Ministry of Agriculture to add another eight local rice traders to the list of 26 that have passed quality control tests to export rice to the Chinese mainland. “Eight local rice traders are still ...

Cambodian rice a big hit in China

A senior official in China’s biggest import and export commodity center has praised the quality of Cambodian rice and called for more agricultural products – mainly milled rice – to be sold on the Chinese market. “Cambodia’s milled rice here has become very popular among ...

WEF ranking upgrade boosts tourism

Cambodia has improved its ranking in the World Economic Forum’s Travel and Tourism Competitiveness Index. The nation was ranked 101 of 136 countries in the 2017 report, thanks to performance improvements that drove an overall score increase from 3.2 points in 2015 to 3.3 points this ...

Ministry cracks down in orphans scandal

The Ministry of Social Affairs has decided to reintegrate more than 3,000 children in orphanages back into families after discovering the abysmal conditions of many facilities, with some having reported sexual abuse. The announcement, which was made during the launch of the Mapping of Residential ...

Kheng addresses illegal fishing before elections

Interior Minister Sar Kheng on April 19 called on authorities to ramp up a crackdown on illegal fishing ahead of upcoming commune elections, prompting one fisheries activist to question whether the action would continue after it ceased to be politically expedient. In his remarks, given at ...

Banking shows steady growth

Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory ...

More timber seized from Ratanakkiri

Ratanakkiri provincial authorities on April 19 seized a large cache of luxury wood and arrested four people about to sell the timber to Vietnam. Ratanakkiri provincial police chief Kim Reaksmey said the wood was discovered at two separate locations in Banlung town’s La Bansiek commune and ...

Over 700 illegal fishermen netted

A four-month government campaign has exposed 730 cases of illegal fishing on Tonle Sap lake. Noa Thuok, secretary of state at the Ministry of Agriculture, said 30 people have been sent to court so far as a result of the inter-ministerial crackdown, which began in ...

Border road damaged in riverbank collapse

A vital road linking Kandal province to the Vietnamese border has been seriously damaged after the banks of the Mekong river collapsed in Lerk Dek district. Captain Deng Ran, chief of Kpob Ateav commune police, said the collapse took place three days ago, causing havoc ...

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