The long-awaited anticorruption draft law will be debated on December 11, 2009 after Cambodia’s Prime Minister Hun Sen order Council of Ministers to announce officially on Friday last week. The primer chose the December 11 weekly meeting for consideration of the anti-graft draft law, which if approved, will head to the National Assembly for a [...]
The Phnom Penh Post reported that nine illegal pharmacies will be faced with a closure because of refusal to stop selling fake medicines across the country. And 100 other unlicensed shops in Phnom Penh will be shut down. Three-day seminar, funded by French embassy, between five Asian countries – Cambodia, China, Laos, Singapore, and Vietnam [...]
According to the memorandum of understanding between Cambodia’s State Secretariat of Civil Aviation (SSCA) and the Civil Aviation Authority of the Philippines (CAAP) on Sept 16 to open the airways between two nations, Cebu Pacific Air, plans to begin its direct flight to Cambodia from its home in 2010. Thong Khon, Tourism Minister, was quoted [...]
Phnom Penh Municipality announced to postpone fining unlicensed three-wheeled vehicles, known Tuk-tuk, until the end of this year. The decision was made after a meeting between municipal officials and driver representatives Monday at the City Hall. In the meeting, drivers’ representatives asked authorities to allow them to drive along Norodom Boulevard south of the Independence [...]
Given the lack of skilled labor and investment in vocational training in Cambodia, The Asian Development Bank approved a US$24.5 million grant for Ministry of Labor to improve the government’s technical and vocational education training (TVET) system. According to the bank’s statement, this grant will initially fund training in mechanics, construction, business services and information [...]
The global economic recession is still plaguing Cambodia’s garment industries, which is the nation’s main revenues and created jobs for Cambodian people from different provinces. During the last 9 months from January to September 2009, garment export decreased 21.66 percent, compared with the same period of 2008. The Ministry of Commerce released data; it shows [...]
Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop in outstanding loans in the second quarter. According to CMA’s data, non-performing loans (NPLs) declined [...]