ADB gave $24.5 million for labor skill improvement
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 and [...]
Cambodia’s Garment Workers Hit by Recession
Over the last decade economic growth has helped lift Cambodia out of its poverty. The signs were everywhere; bustling construction sites around Phnom Penh ; young workers filing into factories, filling orders for eager clients abroad.
More than 400,000 jobs in the textile industry fuelled the hopes of many young women whose earnings in the city [...]
Micro-Loans Decreasing in Slow Economy
Outstanding debt for microfinance loans dipped slightly in the first half of the year, with less people borrowing in a slow economy, according to a national group of microfinance lenders.
Outstanding loans were down at least $20 million for the first half of 2009, the first-ever decrease in nearly a decade, according to the Cambodian Microfinance [...]