Workers at the First Gawon Apparel factory in Phnom Penh’s Meanchey district are planning a procession to many different institutions as well as Prime Minister Hun Sen’s house next week to request intervention in a dispute over wages. ...

More than 300 residents from five provinces gathered in front of the Botum Vatey Pagoda in Phnom Penh on Monday before marching to government institutions to submit petitions demanding that Prime Minister Hun Sen intervene in their long-running land disputes. ...

Commercial banks and microfinance institutions have acquired more than 209 billion riel in riel liquidity, worth $52.4 million, from the National Bank of Cambodia (NBC) since the central bank began its liquidity-providing collateralised operation (LPCO) in October 2016. ...

The Ministry of Information is preparing with relevant ministries’ and institutions’ amendments to the Press Law to bring it in line with current reality, while UN human rights monitor for Cambodia Rhona Smith has expressed concerns over press freedom in Cambodia. ...

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...

An NGO has filed a complaint with the Anti-Corruption Unit against senior National Election Committee members for “colluding to commit corruption inside an independent institution”, relating to a transfer of the body’s employees from independent contractors to government officials. ...

Sathapana Ltd, the third-largest microfinance institution (MFI) in Cambodia, has submitted a formal application to the central bank to merge with a local Japanese-owned bank and operate the consolidated entity as a commercial bank, a company executive said yesterday. ...

Banking industry insiders expressed concern yesterday over a spike in the amount of delinquent debts reported by microfinance institutions (MFIs) across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. ...

A new survey released by Cambodia’s Social Affairs Ministry on Thursday showed that the number of residential care institutions in the country’s five key provinces increased to 267 last year, up 92 percent from only 139 in the year before. ...

The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector.   ...

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...

Cambodia’s central bank is to conduct on-site audits of microfinance institutions to check if they are complying with the interest rate cap that came into force more than two months ago, industry insiders have said.   ...

The National Assembly will vote this week on a proposal to reform the National Election Committee (NEC) to make it a constitutional institution, a key prerequisite of the deal that ended the country’s political deadlock. ...

The Council of Ministers’ secretary of state Tek Reth Samrach clarified a recent directive, which ordered all government officials in all ministries and institutions to get formal approval from the respective minister before meeting with or providing clarifications to parliamentary commissions or groups. ...

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...

The president of the Cambodian Confederation of Unions said yesterday that he would defy a municipal order banning employees from June Textile Factory from marching to Prime Minister Hun Sen’s house to seek resolution in a labour dispute. According to a report from a City ...

China’s Sinohydro Group Ltd earned US$2.12 billion in an initial public offering on the Shanghai Stock Exchange, the company announced yesterday. The move came just two months before Sinohydro launches the Kamchay Hydroelectric Dam in Cambodia’s Kampot province. The company expects the IPO to help fund ...

The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...

Sabay Company is set to open a cinema in Sorya Mall on August 4, aiming to become the second cinema in as many months to show licenced films in the Kingdom, Sabay Chief Commercial Officer Abhaya said yesterday. Legend cinema began showing primarily Hollywood movies in ...