A man working at a money exchange (R) passes 100 Cambodian riel notes to a client in central Phnom Penh, file photo.
Cambodia is ranked one of the most vulnerable countries in the world to climate change. Many of its people rely on agriculture, and the changes to the country’s climate, whether more droughts or more floods, makes them particularly vulnerable.
Summit host, Malaysian Prime Minister Najib Razak, hails establishment of community 'as a landmark achievement' more than a dozen years after concept was first proposed
To conservative Cambodians, sex workers are defying traditional values.
Experts fear that Cambodia will not be competitive with its Southeast Asian neighbors, as a free flow of goods and services between the 10 Asean members ensues.
Hun Sen has expressed a desire to improve Cambodia’s image abroad, but the country’s deep poverty, political divisions and human rights abuses make that a tough case.
Cambodia will participate the global summit on climate change in Paris this December. World leaders will meet to find ways to curb climate change, much of which is the responsibility of developed countries, but with can severely impact poorer countries.
According to the World Economic Forum 2015, Cambodia was ranked 95th in competitiveness, surpassing only Myanmar among countries in Asean.
Cambodia’s garment sector is a major economic driver in the country, earning some $3 billion from exports in the first half of 2015.
Cambodians expect 'seamless transition' when ASEAN Economic Community is launched in two months and hopefully heralds second investment wave.
This transaction is a monthly ritual among Cambodia’s 600,000 garment workers whose modest contributions help support the livelihoods of their families in the poorer rural areas.
The United States has been emphasizing the importance of freedom of navigation, fearing that China’s efforts to expand its territory could eventually become a barrier to trade.
Cambodia has a goal set by Prime Minister Hun Sen to export 1 million tons of rice each year.
Jin Liqun, president-designate of the controversial AIIB bank promises to build “21st-century governance” at the new bank.
The International Labor Organization says a new National Employment Policy will improve the country’s economy for the young generation.
The $4.3 billion budget, approved recently by Prime Minister Hun Sen, allocates $500 million for education.
Earlier this month, the government agreed to raise minimum wage to $140 per month, a figure managers said would damage the industry.
The Asean nations included in the TPP are Brunei, Malaysia, Singapore, and Vietnam.
Corruption can be tackled through education and the reinforcement of Buddhist values, particularly against greed, the expert said.
Meanwhile TPP has struggled to get approval in the US, with significant opposition in Congress, and must be ratified by the 12 nations it now includes.
The figure is lower than the $160 unions had negotiated for, a wage they said was necessary to keep up with the rising cost of living.
Increase of nearly 10 percent was more than manufacturers wanted but far less than workers unions were seeking.
The Trans-Pacific Partnership will lower trading barriers and set commercial rules for 40 percent of the world economy.
Mu Sochua said there are few opportunities for jobs, coupled with land grabs and low wages for jobs that do exist—and this is forcing many Cambodian women to work abroad.
As of June 2015, microfinance institutions lent more than $2 billion, compared to $1.6 billion dollars in 2014, according to the Cambodia Microfinance Association.
Some 41 percent of the population in Cambodia are left behind and still live on less than $2 per day.
The ADB forecasts GDP growth at 7 percent for 2015 and 7.2 percent for 2016.
Labor leaders say they believe the $207 monthly minimum is an accurate reflection of the needs of workers.
The government has announced a new review of economic land concessions, shortening the period of some from 99 years to 50 years.
Cambodia’s manufacturing industry is a major economic driver, providing jobs to some 600,000 people.
Often underpaid and undervalued, there are not many artists devoted to preserving Khmer cultural values through arts these days.
Human rights campaigners claim the World Bank Group has repeatedly failed to intervene to stop its borrowers from cracking down on critics of dams, roads and other projects backed by the bank.
Labor leaders have said workers need a minimum $177 per month to keep up with the rising cost of living in Cambodia.
Vietnam may face a flood of Chinese imports as its neighbor to the north leans more on other countries to escape slowing demand at home
Cambodia has an estimated 30,000 legal workers in South Korea, and another 250,000 in Thailand.
The institute is being build with financial assistance from the French Development Agency, and aims to train 1,600 workers in the first three years.
The Green Tel Palace, located in Preah Vihear, has six stories and 80 rooms and took three years to build.
Australian Foreign Minister Julie Bishop on Monday denied a refugee deal with Cambodia had collapsed after Cambodian officials said Cambodian did not intend to accept any more refugees from a South Pacific detention centre under an agreement.
Australia and Cambodia agreed last September that some refugees from Nauru would be resettled in Cambodia in exchange for Australian aid, but only four have arrived since then.
Cambodian Interior Ministry spokesman General Khieu Sopheak told Reuters that they "have no plans to receive more refugees from Nauru." Australian Foreign Minister Julie Bishop denied the deal had collapsed. Pin Sisovann, VOA Khmer.
Experts blame a lack of capital, which means not enough rice in its husk can be bought and stored before it’s processed.
Cambodia hopes to bring its ties with the US to another level, with a main focus on trade, demining and cultural exchange, Cambodian Ambassador Chum Bun Rong, who is new to his post, tells VOA Khmer in an exclusive interview. Ambassador Chum Bun Rong also met with US Ambassador-designate William A. Heidt. VOA Khmer Men Kimseng reports from Washington.