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 ...

Cambodia Angkor Air will launch a regular flight service between Siem Reap and Sihanoukville by the end of the year, an official at the Council of Ministers said yesterday. There are currently no flights to Sihanoukville, the country’s premier coastal resort, even though the airport ...

Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...

The Ministry of Labour has been ordered to permanently close the labour recruitment firm T&P following the discovery of more under-age trainees in its Kampong Chhnang centre. The move marks the first time the ministry has shut a labour reruitment firm, and follows intense criticism of ...

While sovereign debt crises in Europe and a lagging US economy have yet to curtail cheap Cambodian exports, industry watchers said domestic producers should diversify their target markets to avoid a future slow down. Exports saw a more than 40 per cent increase year-on-year between January ...

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

Police detained two unionists and broke up a protest in Siem Reap province yesterday where workers demanded the owners of the Angkor Village Hotel and Resort respect a court decision ordering them to reinstate 67 workers. On October 26, Siem Reap Municipal Court ruled that the ...

Enforcing a new ban against hanging posters and distributing promotional leaflets in Phnom Penh, police detained three Smart Mobile promoters while they were distributing flyers ahead of a music concert Tuesday, a company representative said. Boeng Trabek commune police chief Nheng Samoeun said that he ...

Kompong Thom provincial authorities have threatened to shut down two NGOs who have been providing free legal education to poor villagers in the province, accusing the groups of fomenting rural unrest against private investors. The NGOs, the Cambodian Center for Human Rights and the Natural ...

Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...

Garment workers who went on strike over delayed payment of wages and other alleged violations of labour law on Tuesday morning were paid on Wednesday by management at the Chea Ieng garment factory in the capital’s Sen Sok district. Factory employee Sun Sopheak said yesterday that ...

More than 500 residents of Pursat City have signed a letter addressed to Minister of industry, Mines and Energy Suy Sem threatening to take to the streets in protest if the town’s privately owned electricity distributor does not reduce prices. Rong Chhun, president of the Cambodian ...

Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the South China Sea being discussed by countries that are not directly involved in the regional maritime dispute. Speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ...

A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...

King Norodom Sihamoni has signed off on a new law that will see unlicensed construction company officials punished with a maximum of 15 years in prison if a worker is to die due to negligence. ...

The Environment Ministry yesterday warned that it will enforce laws to stop indiscriminate disposal of rubbish, including by fining offenders. Ministry spokesman Neth Pheaktra told reporters at its annual meeting that several laws are already in place to deal with the issue, but they have not ...

More than half of the students who sat the grade 12 national exam last month passed the high-stakes test, marking a significant improvement on last year’s results, when nearly two-thirds failed amid sweeping anti-cheating reforms.The results, which were released on Saturday, show that 55.8 per ...

The Ministry of Social Affairs yesterday announced that it would form a committee to address the lack of services available to the homeless and mentally ill. Yesterday’s meeting was precipitated by the revelation this week by rights organization Licadho that two more residents at Prey ...

Prime Minister Hun Sen on Friday announced the creation of a committee tasked with putting an end to the rampant illegal logging and cross-border timber smug­­gling taking place in the country’s northeast.   លោកនាយករដ្ឋម ន្រ្តីហ៊ុនសែន នៅថ្ងៃសុក្រនេះ បានប្រកាស ការបង្កើតនៃ គណៈកម្មាធិ ការបញ្ចប់ ការកាប់ឈើខុសច្បាប់ ទោរទន់ រត់ពន្ធ និងជាកន្លែង ទទួលយក ឈើ ...

An Indian company plannIng to extract 500 tons of rock per day from beneath Pheak village In O Yadauv, Ratanakiri this year has promised locals, agaIn, that their diggIng will have little effect on the mIne’s surroundIng forest and homes, and that they will replace ...