The Phnom Penh Post
Garment workers urged to boost sector’s productivity
Prime Minister Hun Sen on November 7 urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony ...
Funding a priority at COP22 climate conference
A Cambodian delegation arrived in Morocco on November 7 for the start of the COP22 international climate change conference armed with reasons why the country should receive international funding to fight global warming. “We will deliver a statement at COP22, and one of the points is ...
Industrial park aims for SME segment
WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial ...
High schools to develop ASEAN tourism skills
The ministries of tourism and education have agreed to set up a joint committee to work on the development of materials for vocational training of “ASEAN Tourism Professionals” to be integrated into the high-school curriculum, a government official said on November 7.Keep reading ...
Minister slams UN rep over alleged ‘prejudice’
Foreign Minister Prak Sokhon slammed UN Office for the High Commissioner for Human Rights country representative Wan-Hea Lee for alleged “prejudice” in a two-page missive released on November 4. The letter was sent to UN Development Project resident representative Claire Van der Vaeren, blasting Wan-Hea ...
Rice standards run out of steam
The government is seeking funding to complete its effort to draft standards for 11 local varieties of rice as part of an initiative aimed at facilitating efforts to market Cambodia’s most important agricultural crop, a government official said on November 6. Chheng Uddara, a department ...
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 ...
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 ...
