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Tomato Specialized Bank makes giant strides in Cambodia

Tomato Specialized Bank (TSB) has had a tumultuous innings in Cambodia.

Right from its inception in 2008, the bank has been experiencing a series of poor performances. In 2015, for instance, TSB’s net profit amounted to $78,000 and a high non-performing loan (NPL) ratio of 14.4 percent.

However, things have taken a turn for the better for TSB with the introduction of advanced bank operation practices with active loan disbursements.

Drug crackdown pushes courts and prisons to breaking point

Cambodian police officials throw drugs onto a fire in Phnom Penh on June 26.

Nguyen Thy Yem and her husband, Bouy Thanh Men, have been using drugs since they married a decade ago. Together, they do meth and heroin in the backstreets of the capital. But Thanh Men insists that he and his wife are users, not dealers. Nonetheless, his wife now faces drug-dealing charges after being arrested on January 10. She and four others scooped up in the raid in Chbar Ampov district are just a few of the many recently snared in a new nationwide crackdown on drugs.

Fish farm project on the table

A Chinese firm and its local partner have floated a proposal for a $100 million aquaculture project in Cambodia that would include fish farms, a feed mill and a fish processing plant. Representatives of China Ocean Fishing Holding Ltd and local holding company Khmer Holding Group Co Ltd held a presentation for Ministry of Agriculture officials this week to present their plans for the commercial aquaculture project.

Child rape up in 2016

The number of rapes and serious crimes committed against children in Cambodia rose by more than 10 percent last year, according to figures from the Child Protection Unit obtained yesterday. The CPU, a joint initiative set up by the Cambodian Children’s Fund and the National Police in 2013, investigated 269 serious crimes against children aged 13.5 and under in 24 provinces in 2016, as well as homicides of children aged 15 and younger.

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Turkish Embassy calls for closure of Zaman schools

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CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".