News

On Thursday morning, Phnom Penh authorities arrested Sun Chanthy, leader of the Nation Power Party (NPP), at the Phnom Penh International Airport just as he arrived from Japan. The arrest was witnessed by his party members. ...

KEAN SVAY, KANDAL PROVINCE, CAMBODIA — Five years ago, Lun Sam Ath took out a $12,000 loan to build a new wooden house and repay a previous loan that she had used to buy a motorbike. ...

About 80% of Cambodian children aged between 12 and 16 are living under psychological stress because of their parents’ debt, according to a report released on the sidelines of International Children’s Day, which falls on every June 1. ...

Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...

The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared ...

Russia has agreed to recategorise Cambodia’s outstanding $1.5 billion debt as an investment, pledging to provide more aid to the Kingdom next year. Prime Minister Hun Sen met with Russian Prime Minister Dmitry Medvedev in Brussels on Thursday. Mr Hun Sen had asked Russia to ...

Prime Minister Hun Sen on Monday shot another arrow at the Kingdom’s relations with the US, calling his country’s yet-unpaid loan of $500 million borrowed by the regime of Lon Nol “a very dirty debt”. He contrasted that by praising Japan for its aid to ...

The government has issued a new warning to telecommunications companies that have yet to deliver outstanding payments to the Kingdom’s ministries, giving regulators until the end of the month to settle their debts. ...

Prime Minister Hun Sen revisited a wedge issue between Cambodia and the US on Tuesday, complaining about the approximately $500 million in Vietnam War-era debt accumulated under the Lon Nol regime still owed to the superpower. ...

Nearly everyone living in Pann Sopheatra’s village, just across the Mekong River from Phnom Penh, has either taken out a microfinance loan or knows someone who has.   ...

US ambassador to Cambodia William A. Heidt says he wants the Cambodian government to sit down and talk about a multi-million-dollar debt owed to America from the days before the Khmer Rouge regime.   ...

Prime Minister Hun Sen has once again called for the United States to drop the debt Cambodia incurred during the 1970s Lon Nol regime, just days after US Ambassador William Heidt said in no uncertain terms that the US had no such plans. ...

The economic stability of Cambodian households took a beating during the El Nino weather cycle that enveloped the region during the last dry season, resulting in drought conditions that drove many families into debt and lower income brackets, a new study has found. The study, released ...

Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court. “We do owe Mfone money, ...

Bankrupt mobile phone operator Mfone is planning to file a com­plaint with the Phnom Penh Muni­cipal Court against six tele­com­muni­ca­tions firms it says have failed to pay back more than $1 million in outstanding debt to the firm, the court administrator charged with overseeing Mfone’s ...

Phnom Penh families being pushed to the city’s outskirts to make way for a $142.6 million railway renovation project funded by Australia and the Asian Development Bank (ADB) are falling into debt and finding it harder to earn money and access healthcare according to a ...

When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and  lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the ...

The occupants of 90 Phnom Penh households whose homes were partially or completely dismantled to make way for the Railway Rehabilitation Project partly funded by the ADB have demanded the bank offer them fair compensation. In a letter submitted to the Inter-Ministerial Resettlement Committee, the ADB, ...

According to the [inter]national Monetary Fund (IMF), at the end of 2011, the stock of Cambodia’s external public debt, including arrears, stood at around US 3.8 billion or 30 percent of GDP (24 percent in NPV terms). China remains the largest bilateral creditor, contributing to ...

Until the arrival of large-scale development around her home in the northeastern province of Ratanakkiri, Sav Samourn, a member of the ethnic Jarai minority, was frightened of wild animals and ghosts. But as trees disappeared and industrial machinery razed the forestland, the old fears fell away. ...

The opposition Sam Rainsy Party (SRP) has requested the National Assembly to reduce by 75 percent the amount of new debt the government is allowed to take on next year under the latest draft of the 2013 national budget. Opposition lawmaker Son Chhay, who sent the ...

Troubled Cambodian telecoms operator Mfone will be disposed of by its parent company, Thaicom, in the coming weeks for $100 to INT Management Service Company Limited (INT), according to a filing with the Stock Exchange of Thailand (SET). Shenington Investment, a subsidiary of Thaicom and the ...

Two polarizing narratives emerged after the Monday night discussion between U.S. President Barack Obama and Prime Minister Hun Sen, with the U.S. claiming it had been “tense,” while Cambodia insisted the talks were cordial. When it came to agenda, Mr. Obama put human rights, electoral and ...

Cambodian Prime Minister Hun Sen and visiting U.S. President Barack Obama met here on Monday to discuss a number of issues including old debt, human rights, democracy and forced evictions in Cambodia, a senior Cambodian official said. Hun Sen also raised the issue of old ...