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ADB lends 75 mln USD to Cambodian bank to support small firms

The Asian Development Bank (ADB) on Wednesday signed a 75 million U.S. dollars loan with Cambodia’s largest bank, Acleda Bank, to address the rising financing requirements of micro, small and medium-sized enterprises (MSME) in the country. The agreement was inked between Christine Engstrom, director in ADB’s ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-05/28/c_133368436.htm

Cambodia NGO concerns over funding, after Somaly case

Anti-trafficking groups in Cambodia are urging donors to maintain support for their cause, following claims a well-known activist fabricated her life story, to raise funds. Somaly Mam resigned from the charity she co-founded, after a news investigation cast doubt on her story, including being sold into ...

ABC Radio Australia News Staff
http://www.radioaustralia.net.au/international/radio/program/asia-pacific/cambodia-ngo-concerns-over-funding-after-somaly-case/1320972

Protest leads to second chance on nat’l exams

Amid strict reforms to guard against rampant cheating on the high-stakes national exam, education officials yesterday showed surprising leniency towards underperforming grade 12 students. in a notice released yesterday, the Ministry of Education instructed upper secondary schools to hold re-examinations for grade 12 students who failed ...

Chhay Channyda and Laignee Barron
http://www.phnompenhpost.com/national/protest-leads-second-chance-nat%E2%80%99l-exams

No Government Meetings for International Trade Unions

International buyers and trade union representatives have been unable to meet with Prime MInister Hun Sen or other government officials, despite a request followIng deadly worker demonstration crackdowns last month. Major International buyers signed on to a joInt letter condemnIng the violence and urgIng the government ...

Kong Sothanarith
http://www.voacambodia.com/content/no-government-meetings-for-international-trade-unions/1844164.html

Government audit five years late, lacking

More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...

Hul Reaksmey
http://www.cambodiadaily.com/news/government-audit-five-years-late-lacking-57355/

Insurance law reform under way

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 ...

Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way

Remittances dip on exodus

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Eddie Morton
http://www.phnompenhpost.com/business/remittances-dip-exodus

Competitiveness ranking slips

A lack of innovation has contributed to Cambodia dropping seven spots on the World Economic Forum’s 2014-15 Global Competitiveness Report (GCR), which was released on Wednesday. The Kingdom ranked 95th out of 144 countries, down from 88th in the previous report, according to the GCR. Apart ...

Hor Kimsay
http://phnompenhpost.com/business/competitiveness-ranking-slips

Cambodian trade unions lead protest to demand higher wage for garment workers

Six Cambodian trade unions led around 1,000 garment workers to march through streets here on Sunday to demand a higher minimum wage as annual talks on a wage hike are scheduled for next month. ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141012/cambodian-trade-unions-lead-protest-demand-higher-wage-garme

At unveiling of s-21 Stupa, ambassador calls on youth

At a ceremony to inaugurate a new stupa at Phnom Penh’s Tuol Sleng Genocide Museum on Thursday, German Ambassador Joachim Baron von Marschall urged young Cambodians to be less reluctant to speak openly about the Khmer Rouge era, noting that it was Germany’s youth in ...

Aun Pheap and Maria Paula Brito
https://www.cambodiadaily.com/news/at-unveiling-of-s-21-stupa-ambassador-calls-on-youth-80841/

Minister says national exam costs are fair

With the Grade 12 national high school exam about two weeks away, a group of five NGOs sent a letter to the Ministry of Education on Monday asking the government to prevent guesthouses from hiking their prices for students who have to stay overnight in ...

Huot Chanpav and Janelle Retka
https://www.cambodiadaily.com/news/minister-says-national-exam-costs-are-fair-91374/

New $21M NEC building set for Oct 2025 completion

The National Election Committee (NEC) January 2 held a groundbreaking ceremony for its new office building, constructed on land acquired by the government from Kong Korm, a former opposition leader. The site is located on Sothearos Street in Tonle Bassac commune in Phnom Penh’s Chamkarmon ...

Kim Yutharo
https://www.phnompenhpost.com/national/new-21m-nec-building-set-for-oct-2025-completion

Selling off the farm one truckload at a time

The recent ban on dredging sand from the Mekong has resulted in some people resorting to more innovative measures to obtain landfill. On the island of Koh Oknha Tey, also known as Silk Island, people pay from 7,000 to 10,000 riels per cart-load for delivery ...

Bob Wiltshire
http://www.khmertimeskh.com/news/12283/selling-off-the-farm-one-truckload-at-a-time/

Major Brands Concerned About Cambodia Violence

Major labels that have clothing manufactured in Cambodian factories have written an open letter expressing concern for the recent shootings of workers demonstrating for higher wages. Adidas, Gap, H&M, Levi’s and Puma were among those that signed the January 7 letter to the Phnom Penh government, ...

VOA News Staff
http://www.voanews.com/content/major-brands-express-concern-for-violence-against-striking-cambodians/1826132.html

Nephew of Hun Sen is made one-star general

Prime Minister Hun Sen has promoted his wayward nephew Hun Chea to brigadier general in the National Police, despite a less than sterling reputation as an upholder of law and order. Chea was promoted to the role under a Royal Decree published by the Council of ...

May Titthara
http://phnompenhpost.com/national/nephew-hun-sen-made-one-star-general

Natural disaster: One dead, several hurt by storms

A 34-year-old man was killed by lightning yesterday while attempting to construct a waterway under his house during a morning storm, local police said. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/natural-disaster-one-dead-several-hurt-storms

One job is enough, Interior Ministry tells workers

The Ministry of interior has sent a stern warning to its officials found to be collecting salaries from other organisations, including private sector actors: stick to your day job. ...

May Titthara
http://www.phnompenhpost.com/national/one-job-enough-interior-ministry-tells-workers

Hun Sen takes one last shot at Todd

Boasting of his more than 30 years’ ruling Cambodia, Prime Minister Hun Sen said on Saturday that he could teach a thing or two to the West about running a country while managing demands for change.The premier, who is Southeast Asia’s longest-serving current leader, recalled ...

Meas Sokchea
http://www.phnompenhpost.com/national/hun-sen-takes-one-last-shot-todd

Cambodia’s Hun Sen Slams U.S. Threats Over Aid

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-293500/

Cambodia to Sign Accord on Maids to Malaysia

The Cambodian and Malaysian governments will sign a memorandum of understanding (MoU) within three months that will restart the business of sending Cambodian domestic workers to the country after a two-year moratorium, a Labor Ministry official said Friday. After meeting with representatives from the Malaysian Home ...

Khy Sovuthy
http://www.cambodiadaily.com/news/cambodia-to-sign-accord-on-maids-to-malaysia-46491/

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