The story of Cambodia’s microfinance sector has been one of successful evolution, evidenced by the growing number of lenders and their continual development. Many microfinance institutions (MFIs) started as NGO-like entities, but the industry has come a long way. Today, there are 32 MFIs licensed ...

Provincial forestry administration officials in Ratanakkiri have dismissed allegations of illegal logging by community residents and chalked the deforestation up to legitimate clearing. A cursory examination of the land in question yesterday seemed to back the company’s claims, Ly Sophan, a team worker at the provincial ...

Thirteen land protesters who were seized during a demonstration earlier this week were handed heavy prison sentences after a quick court hearing on Thursday, even as two more people were arrested and a monk was facing the threat of defrocking for participating in similar land ...

Two witnesses to the Bavet town factory shooting in February failed to show up at Svay Rieng Provincial Court yesterday despite being summoned by an investigating judge, with one citing fears for his safety. Sok Vuthy, a 28 year-old worker, told the Post yesterday that he ...

Maybank, one of the largest banks in Cambodia, has officially launched an internet banking service to provide a convenient service to its more than 10,000 customers and says it hopes to increase that number by around 10 per cent. The service, called M2U, will enable customers ...

Cambodia Angkor Air will start a daily service between Phnom Penh and Bangkok, 1 February [sic]. The airline launched its first service to Thailand, 30 November [sic] from Siem Reap and is scheduled to start a service to Hanoi 7 January [sic]. The Bangkok-bound flight will ...

A decision on whether to build the Xayaburi dam on the Mekong River in northern Laos is a life and death one that will affect Cambodians downstream, according to Foreign Minister Hor Namhong. Speaking to reporters on Friday, Namhong said the controversial 1,260-megawatt hydropower dam has ...

Sumitomo Mitsui Banking Corporation, one of the leading banks in Japan, will sign a memorandum of understanding with Cambodia’s leading Acleda Bank on Friday for business cooperation, according to a press release from Acleda on Thursday. Under the agreement, both banks will provide mutual support for ...

The burgeoning demand for high-end electronic devices in Cambodia, driven by a more affluent and growing middle class, has doubled or even tripled sales revenues in the country, industry leaders say. “The market demand is shifting to the premium segment – from normal phones to smart ...

Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...

Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...

Direct private chartered flights from different parts of China to Cambodia are booming as the number of Chinese tourists visiting the Kingdom is mounting, industry insiders told the Post yesterday. As early as July 10, a chartered flight will launch from Wuhan, the largest city in ...

Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...

About 1,000 workers at one of Asia’s largest garment-processing factories have joined more than 4,000 who began a strike last week, as union workers demanded the company meet nine conditions, including severing ties with a shareholder. Employees at the SL2 factory of SL Garment Processing (Cambodia) ...

The Shanghai Commercial & Saving Bank (SCSB), one of the leading banks in China’s Taiwanese region, opened a representative office here on Monday thanks to increasing interest in Cambodia by Taiwanese business people, a bank official said. To date, Cambodia has six foreign banks’ representative ...

The ruling Cambodian People’s Party (CPP) swept 2,540 out of the country’s 3,324 seats in the second elections for municipal, provincial, and district councilors, which were held on May 18, according to the official results released by the National Election Committee late Tuesday. The main opposition ...

Representatives for a detainee held since his arrest at a strike in early January say the window to operate on his broken hand is closing. Phnom Penh Municipal Court on Friday will hear a special temporary bail request for Sokun Sombath Piseth, 31, one of 21 ...

After Caltex managers allegedly reneged on an agreement to pay workers a $20 bonus to suspend a strike for two months, employees say they would only return if the deal is in writing. In a Friday meeting, the Cambodian Food and Service Workers Federation agreed with ...

Cambodia boasts one of the youngest populations in Southeast Asia, with youth under 30 making up nearly 68 percent of the total number of people in the country, according to the United Nations. And its young demographics and relatively cheap labor are just a few of ...

After months of decrying the one-party National Assembly as illegitimate and vowing to amend any flawed legislation passed during a parliamentary boycott, the Cambodia National Rescue Party, by agreeing to take its seats yesterday, is about to get its chance. In the roughly 10-month period since ...