Chea Serey, governor of the National Bank of Cambodia (NBC) has called on the customers of Prince Banks and Panda Commercial Bank to give the appointed administrators of the two banks time to resolve current issues. She noted that due to the complexity of the process, it may take some time to allocate the banks’ assets to depositors. “All depositors have equal priority; no one has a higher priority any other. Refunding deposits involves several steps and depends on the ability of the liquidator to transforming assets into monetary value. “Therefore, to the customers of Prince and Panda banks, I…
Author: Niem Chheng
Cambodia has repeated its protests against “numerous illegal activities” being conducted by the Thai government in at least 15 locations on Cambodian territory. The areas have been occupied since the December 27 ceasefire. In a March 17 press release, the Cambodian Ministry of Foreign Affairs and International Cooperation warned that since the ceasefire came into effect, Thailand has conducted numerous illegal activities. These include constructing bunkers, roads and Buddha statues, and raising Thai flags, among other activities, on occupied Cambodian territory. In the area southeast of Tamone Thom Temple in Oddar Meanchey province, Thai armed forces have used heavy machinery…
The joint forces of the Phnom Penh Municipality raided a house suspected of housing a technology-based fraud operation in the capital’s Chbar Ampov district yesterday, detaining 19 Chinese nationals. During the operation, in Borey Peng Huoth in Boeung Snor Sangkat Niroth commune, authorities seized three replica Chinese police uniforms, along with numerous mobile phones and computers. According to the Secretariat of Commission for Combating Technology Crimes (CCTC), preliminarily conclusions suggest that the suspects used Cambodian territory as a base to conduct online scams by impersonating Chinese law enforcement officers and using forged documents. The suspects and the evidence have been…
As of March 14, more than 5,770 people suspected of involvement in online scams had been detained so far this year. Almost 130 are now facing charges related to the 98 locations which were raided in the same period. More than 3,700 others reportedly fled the suspected locations before they were inspected by authorities, according to Ministry of Interior spokesperson Touch Sokhak. Sokhak delivered a media briefing today, March 17. He detailed the location of the raids: 66 were in Phnom Penh, 8 in Kampot, 7 in Svay Rieng, 4 in Battambang, 2 each in Tboung Khmum, Siem Reap, Banteay…
Cambodia is working to develop its own oil refinery and crude stockpile by 2029, according to Minster of Mines and Energy Keo Rottanak. The plans were laid out as the Strait of Hormuz remains largely closed to oil tankers due the US and Israel’s war with Iran. Due to the conflict, the price of gasoline continues to increase in Cambodia. In a march 16 interview with Bloomberg, the minister acknowledged that gasoline prices in Cambodia have increased by more than 30 per cent, while diesel had climbed by more than 60 per cent. He noted that Cambodia has enough fuel…
The Ministry of Public Security of the People’s Republic of China has provided Cambodia with technical equipment to support operations aimed at cracking down on technology-based offenses in Cambodia. The equipment was presented to the Secretariat of Commission for Combating Technology Crimes (CCTC)during a March 16 ceremony. Senior Minister Chhay Sinarith, head of the CCTC, expressed his gratitude to the Chinese for the assistance. He described it as testament to the ironclad friendship between Cambodia and China as comprehensive strategic partners, and the building of an all-weather Cambodia-China community with a shared future in the new era. He reiterated that…
Government researchers and their NGO partners have discovered a coral spawning event for the first time on Song Saa Island and for the third time in the Koh Rong Archipelago, providing hope for long-term coral conservation and confirming healthy Cambodian seas. According to a joint press release from the Ministry of Agriculture, Forestry and Fisheries, the Ministry of Environment, Fauna & Flora, the Marine Resource Protection Organization and the Song Saa Foundation, the event was discovered during a March 7-9 survey. The work was carried out in cooperation with the Bubbles Up Dive Centre and Khmer Dive Group. “Over the…
Minister of Tourism Huot Hak has continued his campaign to reassure the public of Cambodia’s safety as a tourism destination, this time using the opportunity affording him by a beauty pageant. He addressed the “Miss Planet International 2025” finale last night, March 15, noting that the Kingdom remains a safe destination with immense tourism potential, offering a wide variety of beautiful and unique attractions, especially natural resources, cultural heritage, stunning coastal areas and the warm hospitality of the Cambodian the people. Cambodian-American Sydney Marith was crowned Miss Planet International 2025 at last night’s ceremony. “I am very fortunate to have…
The Ministry of Agriculture, Forestry and Fisheries has instructed all capital and provincial departments of agriculture to closely observe the supply and pricing of fuel and gas in their respective jurisdictions, ensuring that prices align with those announced by the Ministry of Commerce. A March 14 instruction issued by agriculture minister Dith Tina explained ministry had held discussions with the commerce ministry and the Ministry of Mines and Energy regarding the concerns of farmers and agricultural communities. These concerns centre on the supply and pricing of fuel and gas, which are essential for operating machinery, irrigation systems and transporting agricultural…
The Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT) project is reportedly making strong progress. It aims to benefit approximately 200,000 rural households in 32 Economic Poles (EPs) across 12 target provinces, with the construction of a total of 66 road lines comprising 537km of roads, including 456km of DBST and 81km of reinforced concrete roads. Jointly implemented by the Ministry of Rural Development and the Ministry of Economy and Finance, SAAMBAT is co-financed by the Cambodian government, IFAD, the European Investment Bank (EIB), and the EU. A joint press release noted that 285km of roads have been successfully…