The private sector and industry professionals were engaged yesterday in the first consultation with the Asian Development Bank (ADB) and the government in an effort to understand the factors affecting Cambodia’s economy, and ultimately determined that human capital, infrastructure, innovation and regulatory issues as the key areas href='https://opendevelopmentcambodia.net/news/adb-maps-kingdoms-needs/ ' class='cambodia-color'>...

CIMB Bank plc, which aims to be among the top 10 banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end. Its deputy general manager and head of commercial banking href='https://opendevelopmentcambodia.net/news/cimb-aiming-to-be-top-10-in-cambodia/ ' class='cambodia-color'>...

The garment industry could be close to renewing an industrial relations memorandum of understanding, but an independent union believes it is being edged out of negotiations because it opposes the use of short-term and fixed-duration contracts. Ath Thorn, president of the Cambodian Labour Confederation, said yesterday href='https://opendevelopmentcambodia.net/news/union-out-of-loop-in-mou-negotiations/ ' class='cambodia-color'>...

Chemical substances used in about 3,000 mining drills operating in the Prey Lang forest in Kratie and Kampong Thom provinces are wreaking environmental havoc and making people sick, a report by the Cambodian Center for Human Rights released yesterday says. Substances used by a number of href='https://opendevelopmentcambodia.net/news/reckless-mining-in-prey-lang-takes-toll-on-environment/ ' class='cambodia-color'>...

The 13 Boeung Kak lake women imprisoned after a three-hour trial on May 24 were tried unjustly on charges that had no basis, according to a Cambodian Center for Human Rights report released yesterday. Ou Virak said the women’s sentencing, which came two days after href='https://opendevelopmentcambodia.net/news/report-slams-boeung-kak-13-sentencing/ ' class='cambodia-color'>...

ASEAN economic ministers have initiated talks on the Digital Economy Framework Agreement (DEFA), a significant regionwide accord set to shape the world’s foremost tech-driven financial systems partnership. The launch occurred during the ASEAN Economic Community Council (AECC) gathering, held in the Indonesian capital Jakarta on September href='https://opendevelopmentcambodia.net/news/asean-initiate-talks-on-digital-economy-framework-agenda/ ' class='cambodia-color'>...

The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday. Cambodia has vast untapped oil and gas resources href='https://opendevelopmentcambodia.net/news/government-hopes-for-chevron-offshore-oil-deal-this-year/ ' class='cambodia-color'>...

Official from Cambodian immigration, law enforcement and diplomatic circles were either unaware of, or unwilling to talk yesterday about, an alleged request from the Thai government to help monitor Cambodian Muslims crossing into the country. News of the alleged monitoring surfaced on Monday when Thai href='https://opendevelopmentcambodia.net/news/monitoring-questions-mount/ ' class='cambodia-color'>...

The Cambodia Socio-Economic Survey 2014 has revealed the balanced sex ratio in the country, according to the state news agency-AKP. href='https://opendevelopmentcambodia.net/news/socio-economic-survey-shows-cambodias-balanced-sex-ratio/ ' class='cambodia-color'>...

Cambodian land concessions granted to companies last year affected nearly 80,000 people, displacing many of them and increasing poverty, the NGO Forum on Cambodia says in a new report. href='https://opendevelopmentcambodia.net/news/cambodian-land-concessions-deepen-poverty-report-says/ ' class='cambodia-color'>...

Asia’s economic success has been carried on the shoulders of poor women, whose higher load of work has been unequally compensated and undervalued, according to an Oxfam report released on Tuesday.   href='https://opendevelopmentcambodia.net/news/gender-based-pay-gap-persists-oxfam-study/ ' class='cambodia-color'>...

Investors in Cambodia’s northeast on Monday announced an investment in a cassava-processing plant in Battambang province. Prak Phoung Kesoa, assistant CEO at Battambang Agro-Industry, said yesterday that the plant would be 100 per cent Cambodian owned href='https://opendevelopmentcambodia.net/news/battambang-investors-bankroll-cassava-processing-plant/ ' class='cambodia-color'>...

The Laos government will continue to allow what it has dubbed “preparatory work” on the controversial Xayaburi dam, including the resettlement of villagers, despite promising to suspend the project at last week’s ASEAN Regional Forum, according to a media report in Laos. href='https://opendevelopmentcambodia.net/news/xayaburi-dam-construction-to-proceed/ ' class='cambodia-color'>...

Security forces have sealed off a village in eastern Cambodia and denied entry to human rights workers after the fatal shooting of a teenager in the latest violent eviction aimed at clearing land for development. Soldiers said they needed to secure the area around Proma village, href='https://opendevelopmentcambodia.net/news/cambodian-troops-seal-off-village-after-land-clashes/ ' class='cambodia-color'>...

Ministry of Interior officials announced yesterday that three more villagers accused of involvement in a “secessionist plot” in Kratie province turned themselves in and confessed their guilt on Saturday, taking advantage of the prime minister’s offer of immunity for those who agree to act as href='https://opendevelopmentcambodia.net/news/more-confess-to-kratie-secession/ ' class='cambodia-color'>...

Two more of the five accused secessionists from Kratie province’s Pro Ma village turned themselves in on Friday, Ministry of Interior officials said, just days after Hun Sen declared that he would drop charges against them if they testified against the plot’s masterminds. [Bun] Ratha href='https://opendevelopmentcambodia.net/news/accused-secessionists-to-testify/ ' class='cambodia-color'>...

An International Monetary Fund and World Bank report has questioned Cambodia’s ability to deal with future financial crises if government borrowing increases. While the report indicated that Cambodia was at low risk for severe debt problems, it highlighted the need for effective management of new debt href='https://opendevelopmentcambodia.net/news/cambodias-debt-a-concern/ ' class='cambodia-color'>...

Four brokers accused of duping 19 victims out of thousands of dollars for non-existent jobs in South Korea were arrested at Phnom Penh International Airport on Saturday. Keo Thea, chief of Phnom Penh’s anti-human trafficking and juvenile protection department, said Por Sen Chey district police arrested href='https://opendevelopmentcambodia.net/news/brokers-nabbed-at-airport/ ' class='cambodia-color'>...

The Ministry of Agriculture, Forestry and Fisheries’ latest list of economic land concessions reveals some peculiar discrepancies with known records of ELCs. Some that have recently been granted are missing, while others known to have been cancelled remain. The June 8 MAFF list makes no mention href='https://opendevelopmentcambodia.net/news/not-all-economic-land-concessions-listed/ ' class='cambodia-color'>...

Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. href='https://opendevelopmentcambodia.net/news/anz-report-shows-a-vulnerable-cambodia/ ' class='cambodia-color'>...