Cambodia’s National Assembly passed US$2.4 billion national budget for 2011 by focusing on improving education, health, agriculture, irrigation systems and infrastructure development. It increases about 19 percent, compared to 2010 budget, only US$1.98 billion. The 2011 budget, totaling $2.4 billion, allocates military and security spending of $304 million, including $190 million for the Ministry of [...]
So far, there are four commercial banks in Cambodia were selected in principal for roles on Cambodian stoke exchange. The Securities and Exchange Commission of Cambodia told companies whether they were picked to become securities firms and representatives on the exchange, fulfilling roles such as underwriters and brokerages. The four banks are ACLEDA, Canadia, OSK [...]
Textile industry is one of the main sectors to drive Cambodian economy growth but in the period of global financial crisis, this sector was decreasing and most of garment workers have been laid off which have made them to lose daily-basic income for supporting their life and families. The demonstration always has been made almost [...]
The third Cambodia Development Cooperation Forum (CDCF) had been held during two days in the capital Wednesday for a landmark donor-government forum amid calls for the government to accelerate the pace of key reforms tied to the disbursal of aid. There are more than 100 representatives from different donor countries and international financial organizations attending [...]
The traffic of Phnom Penh Autonomous Port increased 40.4 percent during the first five months of 2010, compared with the same period of last year. The increased is driven by activities of main sectors in Cambodian economy such as garment industry and agriculture sector. Eang Veng Sun, the Phnom Penh Autonomous Port’s deputy director general, [...]
Secretary of State for Ministry of Commerce, Chan Nora, said on Monday that the international trade between Cambodia and Singapore rose 84 percent in 2009, driven by exports of sand from Cambodia to Singapore and later the government imposed ban on sand dredging for export May last year. “I think the growth of our exports [...]
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 [...]