The National Bank of Cambodia was pushing microfinance institutions to look to domestic banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial banks, a dearth of ...

On 2 August 2024, the National Bank of Cambodia issued a press release on facilitating the US Dollar banknote circulation on their official website. According to the press, all banking and financial institutions and money changers throughout Cambodia will be required to accept old or ...

ANZ Royal Bank chief executive Damian Bell has resigned from the post he held for not much more than a month, a company spokeswoman confirmed yesterday. He resigned “several weeks ago”, Libby Armstrong, a Hong Kong-based ANZ spokeswoman, said by phone. No explanation was offered for ...

The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...

About 1,000 Cambodians allegedly working illegally in Thailand were arrested and deported after the Thai government declared an end to a grace period for labourers, a member of the official receiving committee at the border in Poipet said Monday. ...

The Cambodian government will open an embassy in the Republic of Turkey next year, a statement issued by the Ministry of Foreign Affairs said on Friday. ...

The Royal University of Phnom Penh’s department of psychology has seen a decrease in students and its dean has blamed a lack of human resources and decreased interest in the subject. Phan Chan Pov, dean of the psychology department at the university, said there are ...

Officials responsible for issuing new identity cards, which every adult will eventually need, must get a grip on the task and speed up, the Ministry Of Interior said yesterday.In an “instruction” to staff, Interior Minister Sar Kheng said the number Of new ID cards issued ...

A coalition of garment industry unions reiterated warnings yesterday that they will launch nationwide strikes calling for better conditions if Minister of Labour Ith Sam Heng refuses to negotiate on previous demands. ...

About 100 garment workers from a factory in Takeo province that supplies German sports brands Puma and Adidas protested in front of the Labor Ministry Wednesday to demand the reinstatement of about 1,600 staff fired last month for striking over inadequate benefits. ...

Italy will set up a chamber of commerce in Cambodia this year with the aim of promoting and strengthening trade and investment opportunities in the kingdom.   ...

Health Minister Mam Bun Heng yesterday announced the formation of a working group to address mass fainting, a day after the premier raised the issue at a meeting with garment workers, though relevant officials had few details on the group’s objectives. ...

The government released a summary of the country’s industrial sector over the past five years, showing a marked increase in growth across a wide variety of indicators. The report, released by the Ministry of Industry and Handicrafts (MIH) last week, lacks specific data but shows a ...

The Collective Union of Movement of Workers has sent a letter to the Ministry of Labour seeking intervention over abusive working conditions for staffers at a casino in Banteay Meanchey province’s Poipet town. ...

The Cambodia Chamber of Commerce (CCC) on Thursday signed 18 memorandums of understanding (MoUs) with a visiting delegation of Chinese business leaders from 24 firms. They involved various forms of cooperation. ...

As the Kingdom marks the first anniversary of the inscription of traditional Cambodian dance drama Lakhon Khol on Unesco’s cultural heritage list, the government is preparing to have 10 other forms of tangible and intangible heritage registered with the UN body. ...

Cambodia lost more than 7 percent of its forest cover over the past 12 years—the fifth fastest rate in the world—according to a new study of global forest cover change that sharply contradicts the government’s own rosier figures. Published Friday in the journal Science and led ...

A rice trader on Monday filed a complaint with the Anti-Corruption Unit, Prime Minister Hun Sen’s Cabinet and three ministries alleging that officials in Kompong Cham province had wrongly fined her for an overweight truck after using improperly weighted scales. Saing Darlin had her truck impounded ...

The government plans to extend the country’s still-limited capacity to treat ailing prisoners by building more secure rooms inside provincial hospitals. As part of the General Department of Prisons’ 2014-2018 strategic plan, the Ministry of Interior hopes to have rooms specifically designated for prisoners in each ...

“Vietnam strongly protests the fact that Khmer Kampuchea Krom activists held an illegal protest and set a Vietnamese flag on fire in Cambodia’s capital Phnom Penh on Tuesday,” said Vietnam’s Ministry of Foreign Affairs (MofA) spokesperson Le Hai Binh on Wednesday. ...