The Phnom Penh Post
Credit life insurance provides a safety net for borrowers
Credit life insurance is a concept that dates back centuries but is still new to the Cambodian market. More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their ...
Agro tycoon building feed mill to supply local market
Agro-industrial conglomerate Mong Reththy Group is constructing a new $10 million feed mill to supply its own livestock operations as well as the domestic market, the group’s eponymous president and CEO said on 17 July. “His company had invested $10 million in the project that will ...
More Montagnard asylum seekers return to Vietnam
On 12 July, 16 Montagnards – an ethnic mountain minority who are predominantly Christian – were sent back to Vietnam through Ratanakkiri province after most had their applications for refugee status rejected, and all volunteered to go back to their homeland, government officials said on 13 ...
Lake waters, hope at low ebb in Battambang
For generations, Sokha’s family has lived in Bak Preah village on the Sangkae River – which passes through Battambang province and connects to the Tonle Sap lake about 70 kilometres away – depending almost solely on catching fish for their food and income. But with the ...
For civil society, defiance in wake of Kem Ley's murder
Civil society on 11 July refused to be cowed by the Sunday morning murder of leading political commentator Kem Ley, with many saying that concerns for their own safety are now secondary to their determination not to be silenced. Seventy NGOs endorsed a statement condemning the ...
More Cambodians struggling to repay MFI loans
Banking industry insiders expressed concern on 11 July over a spike in the amount of delinquent debts reported by microfinance institutions across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. “Loans in the agricultural sector account ...
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded on 10 July to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer ...
Rice sector continues its struggle in first half
Cambodian rice exports decreased nearly 6 per cent year-on-year during the first semester, reinforcing concerns about the future of the rice industry, the Kingdom’s most important agricultural sector. A report released on 7 July by the Secretariat of One Window Service for Rice Export showed Cambodia exported ...
Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one ...
UNESCO push will clear villagers off of Kulen Mountain
Hundreds of villagers living on Siem Reap’s historic Phnom Kulen are reeling after the government announced they would be relocated as part of a scheme to secure a UNESCO World Heritage Listing for the site. But one resident, 53-year-old Khev Kheng, who has lived there for ...