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IMF revises Cambodia’s GDP up 35% with 2014 base

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

Manoj Mathew
https://www.khmertimeskh.com/501482271/imf-revises-cambodias-gdp-up-35-with-2014-base/

Microfinance Firms Look to Retail Lending

While shopping for a brand-new television, 27-year-old Loek Bunhai recently bought a Sony flat-screen at the Sunsimexco retail outlet on Phnom Penh’s Monivong Boulevard for $345. But with a monthly salary of $300 from his job as a microfinance officer in Phnom Penh, Mr. Bunhai was ...

Floods, storms and heat projected to cost SE Asia $34 bln per year

Falling crop yields, damage to infrastructure and heat-related illnesses brought on by climate change could cost the four Southeast Asian countries of the lower Mekong River basin $34 billion per year, researchers say. A report released on Monday found that climate change could cost Cambodia, ...

Alisa Tang
http://in.reuters.com/article/2015/02/23/climatechange-southeast-asia-idINKBN0LR1A920150223

Prime Minister supportive of water taxi system

Prime Minister Hun Sen yesterday expressed support for the waterway transport system from Prek Phnov to Phnom Penh and to Takhmao city, which will be launched before Khmer New Year. ...

Mom Sophon
http://www.khmertimeskh.com/50102045/prime-minister-supportive-of-water-taxi-system/

MFIs moving swiftly on mobile banking

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. ...

Chea Vannak
http://www.khmertimeskh.com/news/22797/mfis-moving-swiftly-on-mobile-banking/

AI and e-governance key to access information in digital world

UNESCO and Cambodia Academy of Digital Technology (CADT) are slated to hold talks on Access to Information 2022 on Friday, when panelists will discuss Artificial Intelligence (AI) and e-Governance, which they say can play an important role in improving access to information in the digital ...

Prak Chan Thul
https://kiripost.com/stories/ai-and-e-governance-key-to-access-information-in-digital-world

Bakong digital transactions see remarkable growth

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501188708/bakong-digital-transactions-see-remarkable-growth/

Memorial project educates youth on Khmer Rouge

More than 20 memorials have been built in Cambodian high schools since 2010, in an effort to educate young people about the Khmer Rouge. The aim of the project is to teach about genocide in order to prevent its return. ...

Sou Pisen
http://www.voacambodia.com/content/memorial-project-educates-youth-on-khmer-rouge/2871837.html

Cambodia organises first-ever Science, Technology and Innovation Day

The Ministry of Industry, Science, Technology and Innovation is organising the first-ever ‘National Science, Technology and Innovation Day’ to promote the widespread adoption of technologies and further encourage home-grown innovation in the Kingdom. ...

Khmer Times Staff
https://www.khmertimeskh.com/501262730/cambodia-organises-first-ever-science-technology-and-innovation-day/

CSX index up 7.25 per cent, $1.25 million in shares traded

Following a bruising first quarter, the Cambodia Securities Exchange (CSX) index has picked up over the last few days after Acleda Bank Plc’s (ABC’s) initial public offering (IPO).​ At Thursday’s close, the index ended 7.25 per cent higher at 793.59 points. Trading volume reached 280,791 ...

May Kunmakara
https://www.phnompenhpost.com/business/csx-index-725-cent-125-million-shares-traded

ACLEDA expanding its digitalisation strategy in 2021

ACLEDA Bank Plc, one of the largest commercial banks in Cambodia, announced that it is boosting and expanding its self-automation post banking services as part of its focus on digitalisation in the Kingdom. ...

Sok Chan
https://www.khmertimeskh.com/50809406/acleda-expanding-its-digitalisation-strategy-in-2021/

AI making new waves to policymaking challenges

Artificial Intelligence (AI) is capable of creating a new wave of challenges before the policymakers, opined a subject expert, highlighting the need for great caution amid governments, businesses and individuals facing increased cyber security risks. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501348542/ai-making-new-waves-to-policymaking-challenges/

Ministry, JICA cyber-security project to begin in 2023

The Ministry of Posts and Telecommunications and the Japan International Cooperation Agency (JICA) co-signed a memorandum of understanding (MoU) for a project to improve cyber resilience and further strengthen the Kingdom’s cyber-security. ...

Ry Sochan
https://www.phnompenhpost.com/national/ministry-jica-cyber-security-project-begin-2023

NBC: E-wallet accounts in Cambodia hit 17.9M in 2022

The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-e-wallet-accounts-cambodia-hit-179m-2022

Ministry starts tech sector digital community

The Ministry of Post and Telecommunications has put the Digital Community of Cambodia (DCC) system into action, bringing together digital technology professionals who have signed up for the system so that they can share professional development opportunities. ...

Ry Sochan
https://www.phnompenhpost.com/national/ministry-starts-tech-sector-digital-community

As its rabies plan lags, Cambodia feels the bite

Despite killing some 800 people in the Kingdom each year, rabies has been largely off the public health radar. Plans are in the works for a nationwide response, but can funding catch up? ...

Alessandro Marazzi Sassoon and Sonen Soth
http://www.phnompenhpost.com/national/its-rabies-plan-lags-cambodia-feels-bite

New govt body to regulate Cambodia’s digital economy

The Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime ...

Kang Sothear
https://www.khmertimeskh.com/501314071/new-govt-body-to-regulate-cambodias-digital-economy/?p=1314071

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