Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank (AIIB) from next year in response to the current need for infrastructure development. ...

Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...

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. ...

A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said yesterday. Total capital inflow of foreign direct investment (FDI) to Cambodia amounted to ...

Minister of Civil Service Hun Many is committed to reforming and strengthening the public administration effectively and efficiently, as well as promoting and modernising public institutions in line with the Pentagon Strategy. ...

Amnesty International and rights group Licadho in a joint statement yesterday called on UN member states to “address the country’s human rights crisis” at a UN Human Rights Council hearing in Geneva on Tuesday. The statement, which was sent to foreign embassies, the Cambodian government and ...

The United Nations World Food Programme (WFP), the United States Embassy, and Cambodia’s Ministry of Education, Youth and Sport (MoEYS) celebrated the handover of the school feeding programme in 85 additional schools from WFP to the Cambodian Government. ...

Sonatra Microfinance Institution, a joint investment between local and foreign investors, officially started operations in Cambodia yesterday. A US$50 million loan package was signed during the ceremony on Thursday, providing Singapore-based EastWing Group and Japanese firm Grand Cooperation with a 30 per cent stake of the ...

US-based multinational conglomerate General Electric (GE) will sign a contract with Cambodia’s state-owned Electricité du Cambodge (EdC) on Thursday, according to a press release issued Monday by the US embassy in Phnom Penh. ...

The Arbitration Council said on Thursday that it handled 2,882 cases from 2003 to 2019, which affected over 1.11 million workers in the industrial and service sectors across the country. Of these, it found solutions to 75 per cent of the cases, said Arbitration Council Foundation ...

Kampong Speu provincial governor Vei Samnang has issued an order prohibiting clearing and settling on more than 281ha of state forest land in two locations after some residents illegally occupied and farm the land. ...

Scientists have discovered a new phenomenon in the skies above Southeast Asia: a huge, invisible hole in the atmosphere’s lowest layer that may exacerbate the effects of Cambodia’s climate change. The hole – roughly twice the length of New Zealand and concentrated just east of the ...

The U.S. State Department on Friday released a damning assessment of the conduct of Cambodia’s elections and also took note of the “arbitrary and possibly unlawful” killing of a bystander by government forces and other human rights concerns in a report on human rights around ...

Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from ...

Officials of NGOs Licadho and Sahmakum Teang Tnaut will attend a closed-door meeting at the Council of Ministers on Wednesday to explain the findings of their recent report claiming that increasing levels of debt at microfinance institutions (MFIs) has resulted in human rights violations. ...

The Ministry of Environment has announced its support for a new 10-megawatt solar power development project in the coastal province of Kep to be spearheaded by the Global Green Growth Institute (GGGI), a South Korea-based organisation set up by the UN in 2012 to chart ...

The Cambodia Rice Federation (CRF) and AMK Microfinance Institution Plc are brainstorming plausible approaches to jointly channel finance into the rice sector. ...

Prime Minister Hun Sen once again spoke on weighty matters of war and peace, reiterating that development and democracy would not be possible without peace. ...

Cambodia’s Ministry of Justice and the United Nations Office for Project Services (UNOPS) have agreed to cooperate on three priority programmes  to improve the justice system in Cambodia. ...

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...