Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

The Government of Cambodia and the Asian Development Bank (ADB) on Monday signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector, an ADB’s statement said. Signed by Cambodian Deputy Prime Minister and Finance Minister Keat Chhon ...

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will lead a group of senior officials representing relevant ministries to attend the first meeting of Cambodia-China Intergovernmental Coordination Committee to be held from Jan. 1 to 3 in Beijing. The Cambodian Ministry of Foreign Affairs said ...

Government representatives and union leaders will soon hold meetings to discuss garment worker’s salary increase for 2014, according to a union leader Friday. “Negotiations with factory employers to increase the salary for workers in the garment sector is scheduled to take place some time this August,” ...

About 1,000 members of the Cambodian Grassroots People’s Assembly—a network of communities throughout the country that includes farmers as well as land and labor activists—will rally at Freedom Park on Monday to demand an end to the current political impasse. The ruling CPP and opposition CNRP ...

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

OZ Minerals has emerged with 16 per cent of Cambodia-focused Renaissance Minerals after agreeing to push back a deal that could have forced the gold explorer to stump up a $10 million payment on its Okvau deposit in the South-East Asian nation. Renaissance’s purchase of the ...

Villagers involved in a land dispute in Battambang province on Monday temporarily detained six men working for an agribusiness firm who were preparing the disputed land to be cleared, residents and police said. The six workers were using mine detectors to check for unexploded ordnance in ...

With the opposition CNRP set to hold a rally at their party headquarters in Kompong Cham province Sunday, the CPP government deployed hundreds of police and military police to the area as ruling party supporters staged a rival rally, forcing opposition leaders to call off ...

More than 1,500 villagers plan to march to the Anti-Corruption Unit and National Assembly in Phnom Penh on Thursday in defiance of a fresh ban issued by City Hall prohibiting them from doing so. The villagers form a group known as the Land Communities for Peace ...

Developer Shukaku has sold off close to 1.3 hectares of land at the capital’s controversial Boeung Kak lake site to a Singapore-listed HLH Group company, according to a statement from HLH. HLH subsidiary D’Lotus Development purchased the land at Boeung Kak in Daun Penh district for ...

For Cambodians with disabilities, the launch of two major initiatives in the past two days designed to improve their lives has brought some optimism about the future—tempered by a note of caution. At Koh Pich island on Thursday, in front of a crowd of more than ...

Residents of Phnom Penh’s Boeng Kak neighborhood lodged a formal complaint with the Anti-Corruption Unit (ACU) on Monday, asking it to investigate 12 current and former government officials and Senator Lao Meng Khin over the senator’s plans to sell land they say was stolen from ...

Senior opposition lawmaker Son Chhay has formally requested that the entire staff list of the National Assembly’s more than 1,000-strong secretariat be turned over to him for investigation as part of a bid to root out “ghost” workers and nepotistic appointments. As part of his one-man ...

Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...

Cambodia migrant workers last year sent $2.8 billion back home in remittances, according to the latest report by the Ministry of Labour and Vocational Training. Speaking at an annual gathering last week, Minister Ith Sam Heng said the ministry continues to manage the employment and labour ...

Smallholder farmers have a crucial role to play in tempering the growing pains of Cambodia’s transition to an industrialised economy, but unless something is done, they will face a land shortage in the coming years, according to the authors of a new report. They will ...

The Ministry of Interior has announced that the authentication of residence books and family books will now fall under the purview of the commune instead of district administrations. A ministry press release entitled Transferring of the police chiefs in providing residence and family books dated ...

Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in ...

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...