The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...

The French Development Agency yesterday agreed to grant Cambodia a total of $47.7 million, $8.7 million of which is a loan. The sum is to support the Kingdom’s irrigation infrastructure investment, to improve the country’s access to drinkable water and to fund the fight against emerging ...

Police officials said yesterday two people had died when a Mondulkiri gold mine collapsed on Saturday, but that neither of them worked for the mining company that owns it. Provincial police chief Nhem Vanny said two men aged 25 and 30, had died in a ...

As nations meet at the 2012 United Nations Climate Change Conference in Doha today, the greenhouse-gas emissions gap is widening, according to a report by the UN Environment Program (UNEP) released  last week. Keeping the global average temperature rise below two degrees Celsius requires that action ...

Prime Minister Hun Sen has said the ruling Cambodian People’s Party (CPP) will never tax farmland. “It would burden our farmers,” he said in Takeo Sunday. “Although national revenue that comes from land taxes is spent on building roads, water systems, hospitals and  schools, we still ...

Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mIne the Phum Syrang prospect on one of its economic land concessions In Ratanakkiri provInce. “We’ve been explorIng the area sInce 2006. We’ve been drillIng holes and there’s ...

The International Labor Organization’s Better Factories Cambodia program yesterday launched its One Change Campaign to encourage factories to implement changes that would reduce Incidents of mass faIntIngs. Maeve GalvIn, a consultant for Better Factories Cambodia, said the campaign is supported by major International clothIng brands as ...

Coca-cola and Smart Mobile have teamed up in a joint promotion to give away $1 million worth of prizes, including top-up minutes and 25 Samsung Galaxy S3 smartphones using numbers printed under bottle caps of Coca-Cola, Fanta and Sprite. The promotion started on November 1 ...

A union representative in the Kandal province of Cambodia, said there had been no negotiations with management since workers struck Nov. 15 for better pay. The Phnom Penh Post reported Tuesday that the union estimates 1,000 workers are on strike, but management at the Global ...

Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...

A married couple and another man were called before a judge yesterday after being charged with clearing protected forest in Koh Kong province’s Kandorl commune. Kry Deuy, his wife, Moeung Yan, and a man named Soun Sareth cleared about 16 hectares of state-protected forest to cultivate ...

About 4,000 workers from two garment factories protested in Phnom Penh  yesterday for better working conditions – but bosses told them their 7.5 hour working days and free meals meant they had it pretty good. The workers from SL Garment Processing (Cambodia)’s SL1 and SL2 factories ...

Thai soldiers have shot dead three Cambodian men for illegally cutting rosewood on the frontier of Thai territory He [Prach Chan, governor of Cambodia’ s Battambang province] said the Thai side claimed that the men illegally entered Thai territory for logging purposes on Saturday, in an ...

Next Apparel has filed a lawsuit against its workers for damaging factory property during their ongoing strike. More than 200 workers smashed windows, bikes, cupboards, flower pots and other items in the factory last Saturday. “We demand that the court find justice for the company,” Chea Sovann ...

Civil servants living in Phnom Penh will have wages paid into Canadia Bank accounts starting this week, Moth Kiev, secretary of the Ministry of Social Affairs, said on Friday. The children of retired and disabled civil servants who have died will receive payments directly from ...

Eleven senators supporting the opposition Cambodia National Rescue Party say they will not take part in a Senate session on Thursday scheduled to debate the 2014 budget. Opposition senators say they will not endorse a budget that did not go through proper parliamentary procedure and ...

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