ព័ត៌មាន​

Cambodia’s education sector needs a complete overhaul in order to reduce unemployment and successfully diversify the economy beyond garment manufacturing, according to a World Bank report released today. The report’s release came after investors and economists said at a trade and investment conference in Phnom Penh ...

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact ...

The latest in a series of land concessions granted in protected forests has cut nearly 10,000 hectares from Cambodia’s largest wildlife sanctuary – home to the Kingdom’s critically endangered national bird, the Giant Ibis. A September 7 sub-decree, released on Monday evening, reclassified 9,237 hectares of ...

MORE than 4,000 workers ended a four-day strike outside the M&V factory in Kampong Chhnang province yesterday after the Arbitration Council intervened, issuing an order for them to return to work. The workers, led by the Free Trade Union of Workers in the Kingdom of ...

Trading on the Cambodia Securities Exchange will be delayed once again until the beginning of 2012, Minister of Economy and Finance Keat Chhon said yesterday. He blamed an incomplete regulatory regime and the public’s lack of confidence in the stock market as reasons for the delay, ...

UNION officials fired another volley in their battle against a hotel yesterday by announcing that they would file a complaint today with a Siem Reap court, as their protests continued to draw unwanted attention to the tourist town. The Cambodian Tourism and Service Workers Federation complaint ...

MORE than 4,000 workers at M&V Manufacturing International’s garment factory in Kampong Chhnang province continued to strike for a fourth day yesterday, as a union president urged Prime Minister Hun Sen to force the company to reinstate 20 fired workers. Free Trade Union president Chea Mony ...

PERSISTENT flooding in several areas of the Kingdom could result in more than US$100 million worth of damage, the National Committee for Disaster Management said yesterday. Flood waters have killed 207 people since early September and forced more than 32,000 families from their homes, according to ...

Environment Minister Mok Mareth yesterday asked China National Offshore Oil Corporation (CNOOC) to provide more details on the environmental impact of its project, though he said that exploration for oil and gas would likely begin later this month. At a meeting at the Ministry of Environment, ...

Officials said yesterday that the government had suspended a recruitment agency in Kompong Chhnang province suspected of forcibly confining 45 women and that plans were underway to shut it down permanently. Police rescued the women, including 26 girls under the age of 18, who were training ...

Land evictions, poor prison conditions and the lack of an independent judiciary were among the concerns listed in the European Union’s 2010 review of human rights in Cambodia. According to the EU Annual Report on Human Rights and Democracy in the World in 2010, which charts ...

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A TelekomunikasiI Indonesia official said yesterday the company had cancelled plans to acquire a majority stake in Cambodian mobile operator CamGSM, just a month after officials at CamGSM parent Royal Group claimed a deal was imminent. Telkom finance director Sudiro Asno made the statement in Jakarta, ...

SACOMBANK yesterday announced the launch of its new subsidiary, the 100 per cent foreign-owned Sacombank Cambodia Plc, which is set to target the Kingdom’s rural population. The Vietnamese commercial bank plans to open branches throughout the country’s provinces to provide banking services to a larger cross-section ...

The dollar figure on government-approved investments in construction for the first eight months of the year increased by 92 per cent compared to the same period in 2010, according to official statistics. The Ministry of Land Management, Urban Planning and Construction approved 1,470 construction projects worth ...

The Angkor Village Hotel and Resort is breaking the law by refusing to reinstate 67 sacked workers that the Arbitration Council ruled were unlawfully dismissed, Siem Reap’s deputy governor claimed yesterday. After attending a protest of hotel workers and supporters outside the hotel in Siem Reap ...

Government officials yesterday pointed to developing countries as the main culprits behind climate change and claimed such nations should provide the majority of finan-cing for protecting the Kingdom from the issue. “We are a victim of the problems of the rich,” Environment Minister Mok Mareth said ...

Recent flooding has extended the dengue fever season this year, the National Dengue Control Program said on Tuesday. Officials added that more than 12,000 people, primarily children, had been hospitalised so far this year with the mosquito-borne infection. Dr Ngan Chantha, head of the NDCP, said “12,392 ...

At a Sept 11 meeting between Deputy Prime Minister Sok An and Ganesh C. Thakur, President of the U.S.-based Society of Petroleum Engineers (SPE), plans were discussed about the SPE providing training and expertise for the Kingdom’s oil and gas sector, according to a statement ...

A carbon credit project is in the works for the Seima biodiversity areas in Kartie and Mondulkiri provinces. During a meeting between Chan Sarun, Minister of Agricultural, Forestry and Fisheries and Colin Poole, Director of Asia Programs for the Wildlife Conservation Society (WLCS) on Sept ...

According to the Copenhagen Accord hosted in Denmark, developed countries had to provide US$ 30 billion for 2009-2012 to kick start emissions reduction measures for the less-developed countries and promised to offer US$ 100 billion for long term finance a year by 2020. “Cambodia needs approximately ...

The China’s Taiwan leading bank, Mega International (ICBC), on September 30th, opened its first branch in Phnom Penh, aiming to attract more Taiwanese investors to Cambodia and boosting further business. “The Mega ICBC will bring capital investment injection into the economy of Cambodia, employment opportunities, upgrading ...

Astra Resources, parent company of Australia’s Astra Mining, will finalise within two months the acquisition of a 222-square-kilometre gold concession in Cambodia’s Ratanakkiri province, the company announced yesterday. Astra, which listed on the Frankfurt Stock Exchange September 30, is aiming for large and speedy gold production ...