NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...

Prime Minister Hun Sen yesterday issued extensive orders to unions, factories, workers and authorities to rid the garment industry of violent strikes, roadblocks and rights violations he says are threatening public order. “There have been many strikes and demonstrations at factories recently, and, in some cases, ...

Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National Bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...

More than $600 million flooded out of Cambodia’s entire banking system during the third quarter of this year, as fears of post-election chaos set off panic and mass withdrawals, new figures from the National Bank of Cambodia (NBC) reveal. The figures, obtained yesterday, were the first ...

There were major traffic delays along Phnom Penh’s Veng Sreng Boulevard in Pur Senchey district Wednesday after about 200 garment workers from the Alim Cambodia Co. Ltd. garment factory formed a gated roadblock and protested for higher wages. A line of halted container trucks stretched for ...

Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. At the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...

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Forestry Administration officials on Friday confiscated 1,000 pieces of luxury wood on land belonging to a Vietnamese rubber company that has been repeatedly accused of illegal logging in Ratanakkiri province’s O’Yadaw district, local officials and human rights workers said Sunday. Romash Svat, a representative of some ...

Hundreds of police and soldiers have been working around the clock since Wednesday to prevent a major dam built during the Khmer Rouge period in Banteay Meanchey province from breaking and flooding as many as eight surrounding villages, officials said Thursday. Heavy rains, compounded by floodwaters ...

Two years out from the 2015 Millennium Development Goals’ target of universal access to education, Cambodia remains plagued by school infrastructure shortages, with a scarcity of classrooms and decrepit facilities that threaten students’ safety, NGOs and teachers say. At Slorkram Primary School in Battambang, teachers ...

The Now World City company is starting construction of its third phase at Camko City after its satellite city had suspended operations for a while. Kim Duk Kon, the vice president of World City, said that the new project included building luxury villas, with 140 houses ...

Fewer and fewer primary schoolteachers are willing to cope with poor pay and the worst student-to-teacher ratio outside of Africa, government data shows. Annual reports released by the Ministry of Education, Youth and Sport reveal that despite fervent recruitment efforts, every year since 2005 – when ...

The Japan International Cooperation Agency (JICA) has said that its future support of agricultural development in Cambodia depends on the outcome of an investigation into a provincial official accused of embezzling funds from JICA-donated fertilizer. The accused, deputy bureau chief of Battambang’s department of agriculture Seng ...

Thousands of families continue to be affected by relentless flooding caused by heavy rains and the opening of dams in neighboring Thailand and Vietnam, causing a surge in the Mekong River in Cambodia that has inundated communities along its banks. The floods have claimed at least ...

Women’s Affairs Minister Ing Kantha Phavi on Tuesday defended the government’s policies on promoting gender equality and preventing discrimination against women, but conceded that challenges remain in achieving principles set out in the U.N.’s convention to stop discrimination against women. Speaking in Geneva to the U.N. ...

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