The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...

The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s banking and microfinance sectors have seen enormous growth in recent years with ...

Representatives for the employees and owners of a Phnom Penh garment factory gutted by a fire last month will meet at the Ministry of Labor today to try and hammer out a pay package for the workers, though a factory official said they would not ...

More than 5,000 workers from a footwear factory in Kompong Cham province went on strike Monday, calling on factory management to increase their benefits. The lively crowd rallied outside the Taiwanese-owned Juhui Footwear factory in Choeung Prey district, dancing to music pumped out of loudspeakers as ...

In a mass firing the scale of which has not been seen since January, Phnom Penh’s Xin Fang garment factory yesterday terminated 106 employees for protesting in front of the factory. Management at the Por Sen Chey district factory on Thursday already sacked nearly 30 striking ...

A group of investors from Israel showed their interest in investing in cassava in Cambodia, according to a statement by Ministry of Commerce. Chanthol expressed his support for this cassava investment project and recognized the importance of advance technology in agriculture production and processing to ...

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund. Amid such growth, banks will be challenged to drastically expand their operations and will ...

Union leader Pav Sina on Monday filed a complaint with the Interior Ministry after an administrator at a Chinese-owned window factory in Svay Rieng province allegedly told three other members of his union that some factory owners were pooling money in order to have Mr. ...

Representatives from worker unions, confederation and Cambodian youth rallied Tuesday at the Freedom Park to mark 15th Youth International Day. After rallying at the Freedom Park, they marched to present petitions to the National Assembly, Ministry of Education, Youth and Sport, and Ministry of Labor and ...

Activists from two local rights groups yesterday accused soldiers in Ratanakkiri province’s Lumphat district of seizing their cameras and stopping them from investigating a land dispute. ...

Six inmates busted out of Ratanakkiri Provincial Prison in the wee hours of yesterday morning, police said, adding another incident to a string of embarrassing escapes at the facility over the past two years. According to a post on the National Police’s website, authorities in Ratanakkiri’s ...

Officials from Southeast Asia’s natural rubber-producing nations met in Kuala Lumpur yesterday for the 12th International Tripartite Rubber Council (ITRC). Cambodia, Laos, Myanmar and Vietnam (CLMV) joined ITRC core nations – Thailand, Indonesia and Malaysia – for the event, which is being touted as a joint ...

The government’s apparent unwillingness to take seriously evidence of continued large-scale illegal logging orchestrated by the Try Pheap Group is “disappointing”, Global Witness said yesterday. A report released last week by the UK-based group titled The Cost of Luxury detailed evidence, collected during an eight-month covert ...

Negotiations for next year’s minimum wage in Cambodia’s garment and footwear sector are already gearing up, as union leaders prepare to meet this month to discuss what wage they will demand. During the week of June 21, union heads will hold a preliminary consensus-building meeting, said ...

A group of 85 civil society organisations (CSOs)and associations have asked the government to release representatives of land communities and other forest, natural resource and environment activists who have all recently been detained. ...

Minister of Education, Youth and Sport Hang Chuon Naron has reiterated that this year’s grade 12, or baccalaureate, exams will be held according to the “principles of law, justice, transparency and acceptable results”. ...

At a Sept 11 meeting between Deputy Prime Minister Sok An and Ganesh C. Thakur, President of the U.S.-based Society of Petroleum Engineers (SPE), plans were discussed about the SPE providing training and expertise for the Kingdom’s oil and gas sector, according to a statement ...

The Cambodia’s Ministry of Labour has scheduled a meeting on February 26 with representatives of various unions to discuss the new minimum wage for garment workers in the country. However, the Ministry expects the various workers’ unions to agree on what the new wage should ...

Industrialists have raised concerns that the higher minimum wage is a key factor driving many labour-intensive manufacturers to relocate to less developed neighbouring countries. At a seminar on investment strategy in Cambodia, Laos, Myanmar and Vietnam held yesterday by the Board of Investment of Thailand (BOI) ...

Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...