ភ្នំពេញប៉ុស្តិ៍

Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...

Some questions remain about whether hydro dams on the upper Mekong River in China exacerbated conditions during Cambodia’s devastating drought of 2010, environmental groups say, as China’s dam program powers ahead. When the first power-generating unit was switched on last month at China’s giant 262-metre tall ...

Three men arrested over a plan to smuggle millions of dollars worth of counterfeit US banknotes into Cambodia with the help of Thai criminals used the name of Prime Minister Hun Sen’s chief bodyguard to secure the deal, a provincial court heard yesterday. Pin Tipelo, 38, ...

Workers from bankrupt plush-toy factory First & Main are still owed money after the Ministry of Social Affairs auctioned $200,000 worth of factory equipment for just $21,000, a labor rights advocate said Sunday. More than 350 workers were left stranded when the US-owned teddy bear factory closed in ...

A Chinese factory manager sparked a near-riot in Phnom Penh yesterday morning after publicly destroying two photos of the late King Father in front of hundreds of workers. More than a thousand employees of the Top World garment factory launched an immediate strike, and threatened to ...

In a rare intervention, the Thai Labor Ministry has stepped in to stop the exploitation of migrant workers from Cambodia and Myanmar at a seafood factory in the country’s south, correspondence obtained by the Post reveals. The ministry found the Phatthana Seafood factory, in Songkhla province, which employs ...

At the close of a case that remained shrouded in controversy until the end, Koh Kong Provincial Court yesterday found former security guard Ran Boroth guilty of the unintentional killing of military police officer In Rattana, the man on whom authorities pinned the murder of ...

Time is running out to rid the proposed ASEAN Human Rights Declaration of clauses that would restrict peoples’ rights rather than protect and enhance them, civil society groups said yesterday. Nay Vanda, deputy head of the monitoring section of rights group Adhoc, said civil society groups needed more ...

About 200 families in Koh Kong province’s Botum Sakor district were threatened with legal action yesterday by the district governor, who told them their 100-hectare plantation had been earmarked for development by a Chinese firm, a village representative alleged. Two days later, Botum Sakor district ...

The seized property of fugitive former ambassador Nan Sy has so far failed to fetch bidders, denying state coffers some $400,000 embezzled by the disgraced official. The undeveloped 10 by 20 meter plot in Tuol Kork district was put up for auction last week in an effort to ...

Cambodia has coped well in terms of exports despite the slowdown in some European economies, said the head of the IMF’s Asia-Pacific department last week. Anoop Singh, director for the department, said Cambodia has enjoyed many years of economic growth at about 6 per cent or ...

Despite challenges, Cambodia has potential for the establishment and expansion of social businesses, participants of the Microfinance & Social Business Conference in Phnom Penh said yesterday. While social business in Cambodia is still in an early phase compared to micro-finance  “Cambodia is a promising land” for such ...

Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies ...

The Free Trade Union expects thousands of workers from across the country to join FTU president Chea Mony in paying respects to the late King Father Norodom Sihanouk on Tuesday.   To make up for the lost day of work, workers will instead work on October ...

After more than a year of bitter campaigning, Cambodia saw its efforts to win one of five non-permanent seats on the UN Security Council fall flat early this morning after the vote went to South Korea. In an election held at the UN General Assembly in ...

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...

The Cambodian government has decided to cancel this year’s Water Festival in Phnom Penh out of respect for the late King Father Norodom Sihanouk, Prime Minister Hun Sen announced on Tuesday. The Prime Minister said in a circular notice that the celebration on the Tonle Sap ...

Cambodia’s growing economy and hunger for new brands, particularly among young people, contribute to making Cambodia a profitable market for the franchise business, industry insiders said at the Franchising Forum in Phnom Penh last week. [Rami Sharaf, CEO of RMA Group in Cambodia] said Cambodia is ...

Twenty-six people died and another 85 were seriously injured on roads in the final three days of Pchum Ben this year. The toll is only marginally fewer than last year, when 75 separate traffic accidents caused 98 people to be admitted to hospital with serious injuries ...

Flower prices soared considerably due to the official mourning period of Cambodia’s former king, Norodom Sihanouk, according to vendors. Crowds of people set upon flower shops at different markets in Phnom Penh, where tens of thousands of mourners participated in paying their respects to the former ...

Cambodia will know by the early hours of tomorrow whether its bid for a seat on the UN Security Council has been a success. The Kingdom is up against South Korea – the home country of UN Secretary-General Ban Ki-moon – and Bhutan for the Asia-Pacific ...

They came from down the road and from across the country, trailing flags and portraits in their wake. They paused to pin thin black ribbons and coarse patches of cloth onto blazing white shirts. And, one by one, starting early yesterday morning, Cambodian mourners lined the ...

The plane carrying the body of late King Father Norodom Sihanouk touched down this afternoon. The body made its way to the Royal Palace in a procession attended by more than 100,000 mourners. Even hours before the Boeing 747 carrying the late King Father arrived from Beijing, ...