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.