State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...

Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...

The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say. Fast and easy access to money – as well as the fear of “losing face” by borrowing ...

Production of Cambodian organic rice is rising rapidly as international demand for the product increases, experts said at a forum for growers and other in­dustry members held Tuesday at the Phnom Penh headquarters of agricultural NGO Cedac. “In the first six months of this year we’ve ...

The Phnom Penh Municipal Court on Friday morning granted bail to two of the 23 union activists and protesters jailed following the lethal suppression of garment worker strikes by military police on January 3. Municipal court presiding Judge Leang Samnatt held an unscheduled hearing on Friday ...

Villagers involved in a long-running land dispute with a company alleged to be owned by Pailin Governor Y Chhien were arrested Monday for failing to heed an order from Mr. Chhien to vacate the disputed land, rights workers said. Pich Sothea, 47, Orm Sam ath, 44, ...

At Chraing Chamreh wholesale fish market in Phnom Penh’s Russei Keo district, men frantically scoop dark, snake-like Trey Phtok fish out of a huge steel tank and into a wicker basket. The flickering pile of tails and gaping mouths is placed on a scale and weighs ...

Ten lawyers representing 22 of the 23 striking workers, union officials and political activists imprisoned at a maximum-security prison in Kompong Cham province since their arrests at two protests in Phnom Penh earlier this month submitted bail requests for their clients Thursday, one of the ...

A group of eight trade unions Thursday said the government has turned down every one of their applications to form local branches at the country’s garment factories since early last year and threatened mass strikes if the rejections continue. at a press conference in Phnom Penh, ...

Gender inequality in education is still palpable in Cambodia, causing women to be undervalued in the workplace and their potential to be untapped, the Under Secretary of State at the Ministry of Women’s Affairs said during the celebration of the United Nations International Day of the ...

Opposition leader announced that Cambodia National Rescue Party will hold people congress on March 30 at the Freedom Park. ...

A small gathering to mark World Teachers’ Day at Phnom Penh’s Freedom Park briefly descended into chaos Sunday when a crowd of rally-goers wrested a concealed gun from a man working for the Ministry of Information after he forced his way to the front of ...

About 200 Boeung Kak residents gathered in front of the US Embassy in Phnom Penh yesterday, seeking help from US Ambassador Carol Rodley in lobbying to have their housing requirements fulfilled. Arrriving at the embassy yesterday at 7:30 am, villager were told by a guard that ...

Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...

Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...

A rise in pig imports from Thailand and Vietnam has driven down pork prices by as much as 33 percent in the past month, leaving farmers here worried that an oversupply in the market will cut into profits. Prathna Preap, a swine market expert at USAID, ...

Following their fourth protest in as many weeks, residents of Phnom Penh’s displaced Borei Keila community yesterday reached a tentative housing agreement with development firm Phanimex, company and village representatives said yesterday. The meeting came after a protest yesterday morning in which more than 100 residents ...

The colonial-era buildings damaged by a construction site along Phnom Penh’s bustling riverfront are under threat of imminent collapse, a structural engineer who examined the area said yesterday. Local company Vattanac yesterday complied with local authority demands to halt construction at the Sisowath Quay site – ...

Cambodia on July 28th hosted the 3rd Greater Mekong Sub- Region Environment Ministers to look forward to sustainable economic development in the region and to talk about current projects to reduce harm for regions and also to minimize several environmental challenges affecting natural resources, forest and ...

A TelekomunikasiI Indonesia official said yesterday the company had cancelled plans to acquire a majority stake in Cambodian mobile operator CamGSM, just a month after officials at CamGSM parent Royal Group claimed a deal was imminent. Telkom finance director Sudiro Asno made the statement in Jakarta, ...