News
Gov’t to borrow over $1B this year: report
The government expects to borrow nearly $1 billion from external creditors this year, primarily for infrastructure development, pushing the national debt over $6 billion, according to a report issued on November 4 by the Ministry of Economy and Finance. About a third of this amount, some ...
IMF urges more efforts to cool rapid credit growth
Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...
Local MFI relaunched after South Korean buyout
Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...
Authorities meet on proposed Law of Treaties
Authorities from eight northern provinces met in Bokeo province recently to discuss a proposed draft law of treaties and international agreements. The draft law would be the first law issued by the Ministry of Foreign Affairs and would set the principles, regulations and procedures for ...
Laos, Russia to partner in scientific studies
Laos and Russia have agreed to share their work with the aim of furthering academic cooperation in scientific research. An agreement on the partnership was reached on November 4 between the National Research Tomsk State University of the Russian Federation and Laos’ Ministry of Science and ...
Media law approved, but needs more changes: Assembly
National Assembly members have called for media outlets, individuals and entities that operate within the industry to be more clearly defined by law to ensure the media contributes positively to national protection and development. Members highlighted these points when debating a draft amendment to the ...
Attempts to curb electric fishing failing
Poachers are defying the law and risking imprisonment by continuing to use electric-shock methods to stun and catch fish, conservationists say. They say the practise is inflicting serious damage on the ecosystems of the Ayeyarwady River. The use of batteries to stun fish, as well ...
Foreigners flouting draft law could face immigration trouble
Foreign workers in breach of a law awaiting passage could face penalties, immigration officials say. The labour ministry is finalising a draft law for submission to the Office of the President that seeks to more tightly regulate foreign workers in the country. The draft incorporates ...
UXO caches uncovered in both Kandal, Pailin
Caches of unexploded ordnance were recovered in both Pailin and Kandal provinces on November 5 in what was a busy weekend for the Cambodian Mine Action Centre. Twelve DK-82 mortar rounds and two B-41 rocket-propelled grenades were unearthed by canal workers digging behind the Pailin ...
Government accedes to requests of UN resident coordinator and diplomatic missions
Union officials on November 3 said they had satisfied the requirements of diplomatic officials for northern Rakhine State in the aftermath of the deadly armed attacks of October 9. Union Minister for Border Affairs Lt-Gen Ye Aung, Chief Minister of Rakhine State U Nyi Pu ...
