Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...

The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...

Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates. While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce ...

As temperatures drop during the cool season, children, infants and the elderly should take extra measures to ward off common seasonal illnesses, officials from the Ministry of Health said on Wednesday. In a press release issued by the Ministry of Health and the World Health Organization’s ...

Union leaders say workers will continue to strike over low wages, despite a violent crackdown by authorities last week and threats this week from factories who say they will be forced to move to other countries if strikes continue. Five different union say their workers will ...

Though U.S.-owned businesses in Cambodia are optimistic of the country’s economy, its appeal as an investment destination lags behind most of its neighbors due to the perception of endemic corruption, a new survey of 475 senior U.S. business executives in Asean shows. The 2013-14 ASEAN Business ...

Savings levels at Cambodia’s microfinance institutions (MFIs) have recovered well since the widespread withdrawal that followed last July’s disputed national election, with more than $90 million deposited in the first quarter of this year. The amount of deposits in MFI accounts fell from $378 million in ...

A Cambodian decree slashing the passport fee for would-be migrant workers to only $4 (about Bt 120) is expected to lead to an influx of workers from the neighbouring country into Thailand. Cambodian migrant workers who have just returned to Cambodia yesterday greeted the news with ...

When Men Chan started out as a cyclo driver in Phnom Penh in 1966, his services were in demand and his salary was modest but adequate. Now—like most of his colleagues across the city—the 71-year-old is struggling to make ends meet as his income stagnates and ...

Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...

Interior Minister Sar Kheng on Thursday announced plans to raise salaries of commune and village officials in an effort to close the gap between earnings of high- and low-ranking civil servants. The draft sub-decree, which will see wages of commune chiefs rise from 300,000 riel per ...

The Apsara Authority, the government entity that manages the ancient temple complex at Angkor, is studying the possibility of increasing ticket prices, stating that current prices are “low” when compared with similar destinations in other countries. Apsara is considering conducting a study as well to ...

The draft of a rent-control law aimed at regulating rising housing prices and sudden rental hikes for low-income workers and students is expected to go before the National Assembly by the end of June, officials from the bipartisan working group in charge of the law ...

Renaissance Minerals (ASX: RNS) should trade higher after revealing impressive follow-up drilling results from its Okvau gold project in Cambodia. Notable results included 6 metres at 9.49 grams per tonne gold from 9 metres, and 8 metres at 5.95 grams per tonne gold from 61 metres. These results ...

Local policymakers are driving Cambodia’s regional geography, young population and low labour costs to attract more foreign direct investment (FDI) as the Kingdom releases its new five-year development plan for the garment industry. ...

The Ministry of Water Resources and Meteorology has issued a forecast predicting that dry season weather this year would be more favourable than last year, with rainstorms and lighting strikes anticipated to happen more frequently from this month, especially in low-lying areas and coastal provinces. ...

With the minimum wage hike on the horizon, many garment workers who are working hard at low wages and still not able to pay for rent, food and send money home to their families hope their situation will soon change. ...

The Ministry of Education, Youth and Sport issued new instructions on August 31 advising both state and private schools in areas where Covid-19 transmissions are relatively low to begin preparations for re-opening later this year. ...

The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices​ to avoid selling to crooked dealers. ...

Cambodia’s public debt stood at $11.24 billion by the end of last year and the risk from the debt is at a low level, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance last week. ...