The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ss='cambodia-color'>...

A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion.  ss='cambodia-color'>...

It’s 1am and, as Phnom Penh sleeps, the haunting squeals of distressed animals are all that can be heard in the darkness of a field in Russey Keo district. Pigs in open-air sheds have sensed what’s coming: Hundreds of them are about to be slaughtered for ss='cambodia-color'>...

Cambodia is falling short of the full liberal democracy enshrined in its Constitution, the government is becoming increasingly intolerant to constructive criticism and judicial, parliamentary and electoral reforms have been slow to take effect, according to U.N. human rights envoy surya subedi’s latest report on ss='cambodia-color'>...

The offices of Herbalife, a so-called multilevel marketing company that has moved into the protein powder market in Cambodia, stand like a beacon of promise in Phnom Penh’s Prampi Makara district: six stories of glass and white paneling, crisp lime-green signage and a four-story-high banner ss='cambodia-color'>...

Social Development Editor &ndaSh; ReSearcherChanphalla iS a Social Development Editor &ndaSh; ReSearcher of Open Development Cambodia. HiS main reSponSibilitieS are daily newS Summary, conducting reSearch, producing Social development related contentS, tranSlating, editing and other reporting taSkS.Chanphalla iS an International RelationS (IR) graduate of InStitute of SS='cambodia-color'>...

Construction on a Us$2 billion oil refining plant, the Kingdom’s first, will start in April, according to officials close to the project. The plant, which will be built on 365 hectares across Kampot and sihanoukville provinces and is expected to be completed in 2014, is a ss='cambodia-color'>...

Prime Minister Hun sen approved a decision in January to transfer hundreds of thousands of customers from bankrupt mobile phone operator Mfone to the country’s largest telecommunications firm, Mobitel, despite a court injunction preventing Mfone from offloading assets. According to the statement released yesterday by the ss='cambodia-color'>...

The CPP on Tuesday threatened legal action against the CNRP if it did not cease its “defamatory rhetoric” regarding the ruling party’s relationship with the National Election Committee (NEC), which the opposition accuses of rigging July’s election in order to keep the CPP in power. The ss='cambodia-color'>...

The CNRP should end its three-month boycott of the National Assembly and have greater respect for rules and regulations, Defense Minister Tea Banh said Thursday in his second biting attack on the opposition party in as many weeks. speaking to journalists on the sidelines of a ss='cambodia-color'>...

Officiating a ceremony on Friday to welcome the country’s new minister of post and telecommunications, Interior Minister sar Kheng reminded the audience of government officials that the public expects change—as was demonstrated in their election support for the Cambodia National Rescue Party (CNRP). Mr. Kheng, who ss='cambodia-color'>...

The chief executive of SL Garment ProceSSing (Cambodia) yeSterday Said the factory haS agreed to reinState 19 diSmiSSed union leaderS and activiStS, a Sticking point which could end a Strike that haS laSted more than three monthS. HourS after the MiniStry of Labour announced the garment SS='cambodia-color'>...

More than a dozen ethnic minority communities from Cambodia’s northeast filed a complaint with the International Finance Corporation (IFC) on Monday, accusing it of breaking its own safeguard policies by investing in rubber plantations they say are stealing their land and illegally logging their forests. The ss='cambodia-color'>...

European Union Trade Commissioner Karel de Gucht said he has no plans to launch an investigation into Cambodia’s much-criticized sugarcane plantations after a meeting with Commerce Minister sun Chanthol in Phnom Penh on Tuesday. Bottom line: Cambodia’s free trade benefits to Europe are safe for ss='cambodia-color'>...

The collective power of agricultural co-operatives could bring huge benefits to poor, small-scale farmers, a Phnom Penh conference for international World Food Day heard on Friday. The sentiments were shared by the director of Cambodia’s General Directorate of Agriculture, so Khan Rithy Kun, who said farming ss='cambodia-color'>...

Activist monk Luon sovath has been named the recipient of this year’s Martin Ennals Award for Human Rights Defenders for his work promoting villagers’ land claims and publicising rights abuses. A familiar figure at protests in Cambodia, including the widely decried May trial of the Boeung Kak 13, ss='cambodia-color'>...

Rights groups have alleged that villagers are being pushed off their land to make way for sugar plantations by companies such as LYP Group, owned by senator Ly Young Phat. The issue was raised with the Finnish Foreign Minister Erkki Tuomuoja and the Minister for ss='cambodia-color'>...

More than 500 workers at a garment factory in suburban Phnom Penh went on strike yesterday over what they described as their employer’s history of disregarding labour laws, including firing pregnant employees.  Taiwanese-owned Nan Kuang Garment (Cambodia) allegedly forces staff to work overtime, employs under-age ss='cambodia-color'>...

SoutheaSt ASia needS to puSh ahead with a regional free trade bloc and policieS to cope with global financial criSeS, IndoneSia&rSquo;S government Said yeSterday. IndoneSia&rSquo;S Vice PreSident Boediono, addreSSing trade miniSterS from the ASSociation of SoutheaSt ASian NationS (ASEAN), Said it waS evident Since the SS='cambodia-color'>...

Climate change posed a major threat to Cambodia because of its extreme poverty and predominantly rural population, development experts told a conference yesterday. “This is an agrarian economy that depends very much on weather.  And we are among the poorest countries in the world,” Dr ss='cambodia-color'>...