The Phnom Penh Post

Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. “The registration requirement of $37.5 million is a very small amount to ...

China may not be in ASEAN, but it’s looking more and more like an honorary member – at least where the South China Sea is concerned. ASEAN foreign ministers yesterday took a significant step towards involving the burgeoning superpower in South China Sea discussions, adopting key ...

In February, Son Chhay wrote to the premier urging him to investigate illegal logging outside the legal clearing area slated for the Stung Tatai dam reservoir in Koh Kong province and the environmental destruction that would be wrought by the Stung Cheay Areng dam.  In a ...

More Cambodian migrant workers headed to South Korea in the first half of this year than in all of 2011, data from the Ministry of Labour shows. A suspension on Vietnamese migration, coupled with an improving Korean economy, primarily accounted for the jump, officials say. Working ...

As the ASEAN summit turns Phnom Penh into a buzz of diplomatic activity, the chance to send a well-timed message has not been lost on the local community. Fifteen representatives of the evicted families of Borei Keila yesterday filed a petition asking US Secretary of State ...

Thousands of workers from Tai Yang Enterprise, a supplier for major brands including Levis and the Gap, will move their nearly three-week-old strike from their factory in Kandal province’s Ang Snuol district to Freedom Park in Phnom Penh tomorrow in order to bring their petition ...

For the past decade, Cambodia’s economy has steadily grown with GDP growth surpassing 5% on a compounded annual basis for the past twelve years. Nearly 58% of the populace is engaged in agriculture, while the service sector employs 26% and industry accounts for the remaining ...

The first Cambodian maid to successfully sue her employer in a Malaysian court came home on Sunday, and is leveraging her landmark case to insist that more victims seek compensation through the legal system. ...

Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. ...

Laos has denied it is pushing forward with the controversial Xayaburi hydropower dam in violation of international legal obligations, the country’s state media reported on Friday. Under a 1995 agreement with Cambodia, Vietnam and Thailand, Laos was obligated to not begin construction without a prior ...

A pledge in mid-June by Cambodia and Vietnam to increase bilateral trade by more than US$2.5 billion by 2015 may lead to decreased trade with Thailand, market analysts have said. The pledge made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Tan Dung ...

There was a sense of déjà vu at the Peace Palace yesterday as a week of largely closed-door ASEAN meetings kicked off in earnest with the same contentious issue that so dominated April’s ASEAN Summit: a code of conduct for the South China Sea. With China ...

More than 200 villagers in Preah Vihear town thumb-printed a joint complaint to rights group Adhoc over the weekend asking them to appeal to provincial authorities to intervene after their private electricity company raised its prices by more than 1,000 riel per kilowatt hour, NGO ...

Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without ...

Thousands of workers from the Tai Yang Enterprise garment factories, which supply major US brands Levis and Gap, have vowed to continue a two-week strike today after negotiations between the company, union and Labour Ministry officials broke down on Friday. “The minister did not protect ...

A Friday press conference meant to be an act of defiance and a call for justice from the so-called Kratie “secessionists” was conspicuously short on both, as two accused secessionists failed to appear as promised to demand that the government present credible evidence against them. Instead, ...

Despite renewed criticism from civil society and a call for its drafting to be postponed, finalisation of the ASEAN Human Rights Declaration (AHRD) was well under way, officials said yesterday at the beginning of a week of ASEAN meetings. Speaking to reporters after a meeting between ...

The family hotpot-style restaurant Master Suki Soup has opened its ninth restaurant in Cambodia, on Sothearos Boulevard adjacent to Hun Sen Park, with the newly relocated German Fresh Beer brew pub and German menu upstairs. The soft opening took place on Thursday night as Master Suki ...

Adorned in new military uniforms, about 400 more young volunteers who have been enlisted into Prime Minister Hun Sen’s ambitious national land-titling scheme departed from Diamond Island yesterday armed with measuring tapes, computers and GPS units. The budding surveyors are the latest group of some 2,000 ...

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...

Police clashed with strikers as thousands of garment workers from factories that sell to Levi’s and Gap were blocked as they marched from Kandal province towards the capital yesterday, union representatives said. The 4,000-strong group’s march, as threatened by Cambodian Confederation of Trade Unions president Rong ...

Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...

Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...

The government will drop subsidies for high electricity use, after the Electricity Authority of Cambodia (EAC) reported losses of US$3 million between January and May this year. Households consuming more than 200 KW/h per month will no longer receive a 100 to 200 riel per KW/h ...