With prices creeping upward and the central bank looking to take monetary action to fight inflation, the government has suspended the publication of the monthly Consumer Price index, an official at the Ministry of Pallning said yesterday. Sam Saroeun, deputy director of the statistic department ...

A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. ...

An official at the Ministry of Planning said yesterday that a lack of funds may be to blame fo the Ministry of Finance and Economy suspending the publication of June’s consumer price index. Sam Saroeun, deputy director of the statistics department at the Ministry of ...

The number of businesses that registered at the Ministry of Commerce during the first seven months of this year increased 34 percent compared to the same period last year, according to ministry figures released yesterday. According to the data, in the first seven months of ...

Another garment factory within the international Labour Organisation’s Better Factories program was hit by a mass fainting incident yesterday.  More than 50 employees of Heart Enterprise (Cambodia) Co Ltd began collapsing soon after starting their shift at the facility, in Phnom Penh’s Dangkor district. An ...

CAMBODIAN telecoms must produce digital content to remain competitive in the country’s crowded sector, experts said yesterday. However, others claimed the consumer market for that content was still too small. A lack of domestically produced TV programs, websites and other digital offerings has Cambodia’s estimated 755,000 internet ...

The director of TTY rubber company, whose guards shot four land protestors in Kratie province last week, said he will give land back to the protesting villagers, backtracking on his vow Friday not to give up any of the land granted to him by the ...

60 some Angkor beer promoters are going to hold a strike outside of the company’s Phnom Penh offices in order to draw attention to the labor violations and discrimination they’ve suffered. The strike is planned to be loud and colorful according to Cham Rong, the ...

Villagers who were evicted by security personnel in order to make way for Tan Bien-Kompong Thom Rubber Company have missed another growing season as they have not been given land original promised by the government. They were original promised one hectare of land each before ...

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega international ...

Cambodian outbound tourist departures rose 29 per cent year-on-year through July, with the bulk of the travellers going to Vietnam and Thailand, according to Ministry of Tourism statistics. Nearly 358,000 Cambodian tourists left the Kingdom in the first seven months of 2011, up from about ...

The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...

The Asian Development Bank yesterday said it had never authenticated a June 17 letter from Finance Minister Keat Chhon that claimed an ADB consultant urged the government to target advocacy groups critical of an ADB-funded railway project. in a copy of the letter obtained earlier this ...

As floodwaters across the country remain high after almost two weeks of flooding, tens of thousands of families are still waiting in unsanitary comnditions for emergency supplies such as food and water. But while help trickles down to affected communities, aid groups have begun to question ...

The Philippine government on October 28 issued a ban on its country’s citizens working in Cambodia only to suspend the ban a week later after Filipinos employed here complained, Philippine Ambassador Noe Wong said yesterday. Cambodia was listed by the Philippines Overseas Employment Administration (POEA) as ...

Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...

Cambodia has one of the world’s highest rates of deforestation, ranking ninth among 180 countries in terms of forest loss during the past decade, according to a new study, which said that economic land concessions and illegal logging were the primary cause for the demise ...

Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...

Child labour was draining the Kingdom’s brainpower and adversely affecting 750,000 of its children, officials at the Ministry of Agriculture, Forestry and Fisheries said yesterday. Speaking at a three-day conference on child agricultural labour, Kaing Khim, deputy director-general of fisheries administration at the MAFF, said ...

The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...