Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this ...

The Ministry of Interior has sought a warrant for the suspect who shot three people at a protest outside a shoe factory last week amid more allegations from government and police officials that the perpetrator was Bavet town governor Chhouk Bandith. Interior Ministry spokesman Khieu Sopheak ...

Academics at the Royal University of Law and Economics defended banning thesis topics for fourth-year students, arguing that subjects such as illegal drug use and land disputes are written about too often at the school. In a Feb. 2 letter posted online and signed by the ...

As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price  no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...

Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...

Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...

China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...

The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...

Just 6 percent of 12,006 commercial freight vehicles passed recent road safety inspections, while an estimated 70 percent of car drivers bought their driving licenses illegally from private driving schools, a meeting at the Ministry of Public Works and Transportation was told yesterday. Many of the ...

Foreign donors have spotted a multi-millon dollar salary supplement scheme for civil servants falter failing to work out the details of the plan’s future with the government, several donors said yesterday. “Some of the government’s partners decided to end the payments at the end of June”, ...

ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...

Female union leaders in the garment industry – where women constitute 90 per cent of the work force – are effective at bargaining for better working conditions, but their voices aren’t being heard in a union landscape dominated by men, a labour expert said yesterday. Veasna ...

On his second day of questioning by prosecutors at the Khmer Rouge tribunal yesterday, the deputy director of the foreign commerce bank during the Pol Pot regime, Sar Kim Lomouth, said he feared for his safety following the purging of several superiors at the Ministry ...

When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...

Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...

Newly-Appointed Director General of the state-owned Telecom Cambodia (TC) Kim Vikra vowed Monday to enhance the enterprise’s governance in order to improve business operations and revenues. “I am committed to working with all colleagues in order to lead the enterprise to progress,”he said at his official ...

Bilateral trade volume between Cambodia and Japan had amounted to 180 million U.S. dollars in the first three months of this year, up 14 percent compared with the 158 million U.S. dollars at the same period last year, a report of the Japan External Trade ...

In the wake of last month’s election, production levels at Cambodian garment factories are still below the norm as lingering fears of political unrest keep workers at home and away from the capital. Shrugged off at the outset as a natural byproduct of the election that ...

Officials at the Phnom Penh Municipal Court on Monday questioned six men accused of using violence against authorities when protesters clashed with security forces near Phnom Penh’s Monivong Bridge in fighting that saw a 29-year-old man shot dead. The men were arrested Sun­day night, at the ...

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