Cambodia’s Garment Workers Hit by Recession

Wednesday, November 11th, 2009

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 [...]

Micro-Loans Decreasing in Slow Economy

Thursday, August 27th, 2009

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 [...]