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 ...

Despite repeated threats of strikes, a coalition of garment sector unions is still waiting on a response from the Ministry of Labour for the wide-ranging reforms it called for last month, with plans to seek help from overseas. ...

Direct flights between Phnom Penh and Indonesia’s capital Jakarta may soon be a reality, if a current feasibility study by the country’s national airline, Garuda Indonesia, suggests it is viable. While a memorandum of understanding (MoU) between the two countries concerning direct flights has already been ...

Small and Medium Enterprises (SMEs) may soon be listed on the Cambodian stock exchange, following the signing of a memorandum of understanding (MoU) between the Federation of Associations for Small and Medium Enterprises (FASMEC) and the Securities and Exchange Commission of Cambodia (SECC) on Thursday. ...

A team of energy regulators from the four Lower Mekong countries and the United States began a three-day forum yesterday in the capital to try to coordinate a clean energy strategy for the region. ...

Government officials today shot down rumours that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims. ...

For Peng Phalla, a sewing machine repairman by trade, the beginning of the end was December 8 – the day he filed the paperwork to form a union. Phalla had spent the past two years helping a factory in Kampong Cham province churn out baby ...

Twelve years after being ousted as president of the Bar Association of the Kingdom of Cambodia (BAKC) amid a bitter dispute with the prime minister’s attorney, human rights lawyer Suon Visal has been voted back into the lawyer association’s top position. ...

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) will launch its “Selling Cambodian Products” campaign throughout the country early next year to boost the sale of local products and reduce imports, the organization’s president said yesterday. ...

Cambodia has signed a memorandum of understanding (MoU) yesterday to export 100,000 tonnes of rice per year to Indonesia. Senior Cambodian officials hope the MoU will be the impetus for attracting more investments from other ASEAN member states. The MoU was signed between Cambodia’s Minister of ...

The Education Ministry and the Asian Development Bank (ADB) said Monday that they had begun a joint investigation into the misappropriation of textbooks intended for secondary school students under an ADB-funded scheme. Two NGOs on Thursday released results of an investigation into 33 secondary schools, which ...

Philippine Airlines plans to launch flights between the Philippines and Cambodia, according to an aviation official. The move would break the monopoly of domestic competitor Cebu Pacific Air, which started flying the route in April last year. Aviation authorities in the Philippines sent a letter to ...

Cambodia’s construction sector has attracted a total investment of 2.27 billion U.S. dollars in the first nine months of 2013, up 24 percent compared with 1.83 billion U.S. dollars over the same period last year, a government report showed Thursday. The report said during the January-September ...

Prime Minister Hun Sen on Thursday urged the Ministry of Economy and Finance to eliminate the practice of bribery or greasing the palm to facilitate development projects funded by the Ministry itself or the National Treasury. New Finance Minister, Oun Porn Monirath, successor of Keat Chhon, ...

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

Garment workers at a Kandal province factory ended their most recent strike Thursday after management agreed to pay out part of their wages for the days they were absent during a previous strike, while workers at a Phnom Penh factory went back on strike because ...

Garment workers’ calls for a $160 minimum wage are justified and should be honored, a new report by an international team of academics and labor experts has found. The authors—including a team from the University of London’s School of Oriental and African Studies, South Korean and ...

Cambodian Prime Minister Hun Sen said Tuesday that the country’s banking sector has enjoyed strong growth in recent years and urged the banks to increase their lending to agriculture. According to the report of the National Bank of Cambodia, lending at the kingdom’s 34 commercial banks ...

Government officials have got to work parsing a controversial request that Cambodia, one of the poorest countries in the region with a spotty record handling refugees, take some of Australia’s asylum seekers. Australian Foreign Affairs Minister Julie Bishop made the request to Prime Minister Hun Sen ...

A small group representing striking Caltex gas station workers delivered a petition to the US Embassy on Thursday, asking for help as they seek an increase in monthly wages. Hundreds of Caltex workers have been on strike since Monday, joining garment factory workers in calls for ...