Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...

The National Centre for Peacekeeping Forces (NPMEC) on May 26 commemorated the International Day of UN Peacekeepers, in recognition of their service and sacrifice and to honour the memory of those who had lost their lives in the course of peacekeeping. ...

PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...

Sitting in front of her small house in the Chey Thorn commune of Kandal province, 35-year-old Sokhun’s face is etched with worry. She would like to plant crops on her four hectares of land, but she only has enough money to cultivate two of them. She could go to a microfinance finance institution ...

Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...

Officials of NGOs Licadho and Sahmakum Teang Tnaut will attend a closed-door meeting at the Council of Ministers on Wednesday to explain the findings of their recent report claiming that increasing levels of debt at microfinance institutions (MFIs) has resulted in human rights violations. ...

Prior to her death on Thursday of last week, British architect Zaha Hadid was working to help Cambodia rebuild after the tragedies of its history. As was well-known, she was designing a new institute in Phnom Penh to foster research and remembrance of the country’s darkest ...

The number of Cambodians who own at least one smartphone has almost doubled since 2013, helping put the Kingdom on track to having more than half of its population accessing the web in about a year, according to a new study.Almost 95 per cent of ...

Microfinance institutions (MFIs) have been expanding their financial services to include the use of mobile phones, a move aimed at boosting services for people in rural areas who find it difficult or expensive to travel to offices in towns or villages. ...

Nearly half of Cambodian women of reproductive age suffer from at least mild anemia, however iron and other nutrient deficiencies may not be to blame, a study published on Friday suggests.   ...

The Foreign Affairs Ministry expects to complete construction on its first training institute for local diplomats in the next 18 months, officials said Monday. Foreign Affairs Ministry spokes-man Chum Sounry said work on the National institute for diplomatic and Relations of International Study began in December. ...

Local residents in Battambang town took part in a political debate organized by U.S. Democracy promotion group, the National Democratic Institute for International Affairs (NDI) on Monday ahead of local elections early next month. Attendees asked prospective candidates questions related to citizen’s concerns over unemployment, migration, ...

The Ministry of Environment has announced its support for a new 10-megawatt solar power development project in the coastal province of Kep to be spearheaded by the Global Green Growth Institute (GGGI), a South Korea-based organisation set up by the UN in 2012 to chart ...

Authorities suspect that a new case of H5N1, or bird flu, has emerged in Mondulkiri province after more than 60 villagers’ chickens fell ill.Sok Kheang, chief of the provincial agriculture and fisheries department, said more than 60 chickens in Keo Seima district had fallen ill ...

Hong Kong financial giant The Bank of East Asia and Sri Lanka’s LOLC announced on Friday that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution (MFI) by assets, in what could be the largest acquisition of a Cambodian lender ...

The central bank hopes to launch its central shared switch mechanism next month after a trial run that has already connected the account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem, according to ...

Leaked materials from the United States-funded NGO National Democratic Institute (NDI) have been portrayed on Facebook and in local media as being part of an “ill intended” strategy to help the opposition party win next year’s national election, with government officials yesterday publicly questioning the ...

U.S. Ambassador William Todd on Tuesday used his weekly newspaper column to urge Cambodia’s government to immediately conduct reforms that would even the country’s economic playing field, curb corruption, restore democratic freedoms and generally address the concerns of citizens who want change. “Corruption and nepotism contribute ...

China has greatly contributed to the development of the world economy, even though it is still a developing country, scholars in Cambodia said Sunday. “China helped other Asian economies to recover from the Asian financial crisis in 1997, assisted the Eurozone to recover from the ...

The Ministry of Health, the World Health Organisation in Cambodia (WHO) and Institute Pasteur du Cambodge (IPC) on Monday held a joint press conference to reiterate that they are fully prepared for all eventualities in facing the global outbreak of COVID-19. ...