SACOMBANK yesterday announced the launch of its new subsidiary, the 100 per cent foreign-owned SacomBANK Cambodia Plc, which is set to target the Kingdom’s rural population. The Vietnamese commercial BANK plans to open branches throughout the country’s provinces to provide BANKing services to a larger cross-section ...

The Ministry of Water Resources and Meteorology said on Tuesday it is conducting an environmental impact study after it received a proposal from Try Pheap Engineering & Construction Co Ltd to dredge the Mekong River and use the sand to develop the river bank. ...

The government-backed Rural Development Bank has handed a $4.5 million loan to a company planning to invest in Cambodia’s efforts to export more milled rice. Rural Development Bank chairman Son Kuon Thor said yesterday that the Bank was giving the loan to a new company ...

Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial Bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The Bank, known as Cambodia Post Bank PLC, will provide ...

Like mob deals and black market trades, the Cambodian school budget is dealt in suitcases of cash. Four times a year, the school operating budget is dispersed in stacks of cash transferred from the central bank to the Ministry of Education, eventually ending up with the ...

Erosion along the banks of the Mekong River in Kompong Cham province’s Srei Santhor district has caused 16 families to move their homes and is threatening hundreds more, officials warned Sunday. Koh Andet commune chief Yan Yet said at least 16 homes have been dismantled since ...

THE  Ministry  of Industry, Science, Technology and Innovation (MISTI) provides a free PDF Science, Technology and Innovation guidebook to students looking to choose a higher education degree involving science, technology, engineering and mathematics (STEM) in Cambodia. ...

A total of 72.33 percent of students have passed their high school diploma, with students in Phnom Penh and Kandal receiving their results today while pupils in remaining provinces have to wait until tomorrow. ...

The Ministry of Education asked candidates who sat for the Higher Secondary Diploma or Bac II on November 6 to have confidence in how the Ministry grades the exam. ...

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor ...

The rice-processing industry is bringing South China’s Guangxi Zhuang autonomous region and Cambodia even closer, as it becomes a new growth point for bilateral cooperation with the Southeast Asian nation aiming to increase its rice exports. A rice milling plant in Kampong Chhnang Province of central ...

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ...

Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...

Cambodia is in need of more skilled workers in order for the economy to grow and move beyond basic manufacturing jobs, the Asia Development Bank (ADB) said in a new report. “The skills demand in Cambodia is for low-skilled workers, and this demand reinforces the current ...

Vietnamese rubber firm Hoang Anh Gia Lai (HAGL) has failed to keep its commitments to address human rights and environmental abuses at its plantations in Cambodia, Global Witness said in a statement yesterday. In May, the London-based NGO published an investigation into two Vietnamese rubber companies ...

Corruption remains the most significant challenge facing Cambodia’s economy, according to a survey of more than 300 employers conducted last year by the International Labor Organization (ILO), the results of which were released Tuesday. Despite legislation meant to stamp out graft, corruption continues to be perceived ...

The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...

The government has created a new interministerial committee to manage the activities of international NGOs, with an Interior Ministry official yesterday saying the body was intended to monitor organisations’ compliance with the controversial NGO Law. ...

Poipet City authorities have given dozens of families living along a section of railway slated for renovation 10 days to move or face forcible eviction. Poipet City Deputy Governor An Vanak said that the eviction notice was sent Monday to about 40 families, only eight of ...

Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...