In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

When a bridge and kiosk collapsed into a pond at a Phnom Penh garment factory last month, injuring more than 20 workers, the Prime Minister’s Bodyguard Unit and police rushed to scour the murky water for survivors. Some hours later, those forces remained unsure whether any ...

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

Phnom Penh City Hall has turned down two requests by non-governmental groups to hold rallies and marches to mark both International Teachers’ Day and the international day for housing rights. Housing Rights Task Force (HRTF), a local NGO, was denied permission to organize a rally at ...

More than $600 million flooded out of Cambodia’s entire banking system during the third quarter of this year, as fears of post-election chaos set off panic and mass withdrawals, new figures from the National Bank of Cambodia (NBC) reveal. The figures, obtained yesterday, were the first ...

Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. at the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...

The sight of traffic moving easily and people milling about along Veng Sreng Boulevard in the capital’s Meanchey district yesterday was a far cry from two days earlier, when the street was occupied by makeshift roadblocks, bonfires and military personnel carrying automatic rifles. While visible evidence ...

The National Assembly’s 12-member permanent committee will take its first look at the country’s $3.54 billion draft budget for 2014 on Monday, though officials are still refusing to offer a breakdown of how the money will be spent. The draft, which allocates more than $400 million ...

Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...

Cambodia’s finance sector should increase insurance accessibility to its smallest lenders to help protect against indebtedness at times of disaster, an industry expert said at a conference in Phnom Penh yesterday. Speaking at the Hotel Cambodiana to an audience of industry representatives on rural entrepreneurship, Jaime ...

Two years out from the 2015 Millennium Development Goals’ target of universal access to education, Cambodia remains plagued by school infrastructure shortages, with a scarcity of classrooms and decrepit facilities that threaten students’ safety, NGOs and teachers say. at Slorkram Primary School in Battambang, teachers ...

The U.S. on Monday called for a full and transparent investigation into the killing of a 29-year-old man by security forces on Sunday night during a heated clash around Monivong Bridge, while the European Union said that the police should show more re­straint in the ...

A land dispute between a development company and residents in Phnom Penh’s Russei Keo district boiled over late Friday night, with villagers setting fire to an excavator that they say company staff were using to raze a crematorium on the disputed plot of land. Villagers say ...

Phnom Penh Governor Pa Socheatvong said Tuesday he would shut down the shisha bars—where customers smoke flavored tobacco through large Middle-Eastern style water pipes—that have recently sprung up around the city. While the governor noted there was nothing illegal about the pipes or tobacco, he told ...

Keeping ahead of Phnom Penh’s mounting piles of garbage has proved tough for Cintri since it was awarded sole rights in 2002 to keep the city clean. But a new plan harnessing global satellite positioning and digital mapping is offering the company a high-tech helping ...

Copies of grade 12 examination papers will only be provided to a single teacher for each subject this year in order to identify the source of leaks, said Education Minister Hang Chuon Naron during a speech on Saturday. Mr. Naron, speaking at the American University of ...

Video footage of Daun Penh district deputy governor Sok Penh Vuth bashing a defenceless man with a bullhorn on Monday has sparked outrage and demands for his ouster, but his boss told the Post yesterday that people shouldn’t be too hasty to judge, suggesting the footage may ...

The number of four-star generals in the Royal Cambodian Armed Forces (RCAF) grew Thursday as 29 former lieutenant generals were promoted at a ceremony in Phnom Penh presided over by Defense Minister Tea Banh, who last month underlined the army’s role as defender of Prime ...

Government officials on Monday hit back at UN Human Rights Council (UNHRC) criticisms expressed ahead of the UN’s Universal Periodic Review (UPR) scheduled for next month.​ ...