ភ្នំពេញប៉ុស្តិ៍

The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...

About 5,000 workers went on strike at the M&V garment factory in Kampong Chhnang province yesterday, adding to the list of incidents at the factory in the past two years that has also included mass faintings. Elsewhere, about 700 workers from the Pine Great (Cambodia) ...

The Cambodian government has denied any agreement was signed to send women to Qatar to work as domestic workers, an official from the Labour Ministry said this week. The denial comes after a report late last month by Qatari newspaper Gulf Times – which said an ...

Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...

India’s ambassador to Cambodia, Dinesh Patnaik, said yesterday that his government will pay outstanding benefits to about 30 restoration workers who lost their jobs at Siem Reap province’s Ta Prohm temple in February – but will not reinstate them. The entire restoration team – more than ...

A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...

An insurance training centre is being planned in Cambodia to develop local expertise lacking in the Kingdom’s nascent insurance industry. The institute hopes to offer diploma courses to industry leaders here so they in turn will be qualified to provide insurance training to others, such as ...

A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). Last week, the ...

“I don’t know how to protect the territorial integrity [of the nearby Cambodian-Thai border] – even my three hectares of land I cannot protect,” said Bun Chanthorn, 54, one of hundreds of retired and active soldiers who since 2010 have been battling the local authorities ...

F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...

An often flouted and publicly unpopular restriction forbidding Cambodia’s telecoms from offering lucrative mobile phone promotions was scrapped on Sunday, just two weeks after it was introduced. In a letter from the Ministry of Posts and Telecommunications (MPTC), signed by Minister So Khun, it announced a ...

A Northeastern section of the Mekong River that is home to a number of endangered species has been designated a conservation site by the Ministry of Agriculture, Forestry and Fisheries. A prakas issued by Minister Chan Sarun on April 23 officially declared a 56-kilometre section of ...

Five men working for Ratanakkiri rubber concessionaire DM Group, including a soldier, have been arrested for allegedly beating a villager and his children – one of whom, doctors say, may not survive – in a scuffle over their family’s land, the father said yesterday. Police confirmed ...

Nearly a tonne of rosewood was uncovered in a raid yesterday in Kampong Speu in which the suspect successfully fled after injuring an officer, police officials said. “According to the quality assessment, I can say a rough value of that rosewood is $300,000,” he [Keo ...

Jarai villagers in Ratanakkiri’s O’Yadav district escalated the defense of their protected land this weekend, confiscating the keys and batteries of bulldozers owned by the Vietnamese company they claim has been illegally clearing the area, community leaders said yesterday. The move comes after a number of ...

While tourism in Cambodia has historically slowed in advance of general elections, tourism leaders in the government and private sector have said they expect this year’s July elections to have little impact on tourist arrivals.  Tourism numbers dipped by 10.9 per cent for the 2003 ...

Three companies accused of illegal logging in Ratanakkiri province are in possession of a combined 30,000 hectares of economic land concessions (ELCs) that are likely illegal because they are owned by the same parent firm. Hoang Anh Andong Meas, Hoang Anh Lumphat and Hoang Anh Ouyadav ...

The Boeung Kak community and a land rights NGO yesterday released a proposed demarcation plan they say could solve the long-standing land dispute. In a map presented yesterday, villagers said they had agreed on a land division that would make room for 70 families locked out ...

The National Committee for Disaster Management is meeting with officials from throughout the country in Phnom Penh this week in the wake of a slew of destructive storms that have wreaked havoc in the first four months of 2013. Officials will gather for the second and ...

The Ministry of Commerce has released figures showing Cambodia’s export of fishery goods including fresh and dried fish products have decreased drastically in the first quarter of the year, though several government officials viewed the figures with scepticism. Cambodia exported 49.9 tonnes of fish products in ...

The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to ...

More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...

Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...

In diversifing its holiday attractions, Cambodia’s tourism industry should focus on three key areas – the country’s northeastern region, the coasts and the vicinity around Siem Reap – but efforts to promote these destinations are still lacking, an industry leader says. Statistics from the Ministry ...