MFI credit risk relatively low, NBC’s Serey says
On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says
Cambodia ‘ripe’ for money laundering
Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The Switzerland-based Basel institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ...
Fiscal revenue growth revised down
The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...
Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/
Achieving energy efficiency crucial to Kingdom’s economy
As Cambodia’s demand for energy continues to increase year after year, experts are calling for the development and implementation of clear policy that encourages both the public and industry to play their part in practicing energy efficiency and conservation. ...
Jason Boken
https://www.khmertimeskh.com/50783204/achieving-energy-efficiency-crucial-to-kingdoms-economy/
Cassava prices increase as harvest starts
From November this year, the cassava harvest season starts in some provinces while the price of cassava reportedly saw an increase compared to that of last year, as this year’s yield is projected to be lower due to flash floods. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50783945/cassava-prices-increase-as-harvest-starts/
Premier Hun Sen seeks more investment from the US
Prime Minister Hun Sen yesterday said that although the COVID-19 pandemic has caused a severe impact on many Cambodians’ livelihoods and the economy, the government will not slow down its reform and development in any sector. ...
Sok Chan
https://www.khmertimeskh.com/50765232/premier-hun-sen-seeks-more-investment-from-the-us/
Cambodia goes for 16 days without new COVID-19 positive cases, tally remains at 273 with 265 recoveries
Amidst doom and gloom in most countries with death tolls and number of COVID-19 positive cases increasing daily, Cambodia continued its positive, no new cases trend for the 16th consecutive day. ...
Khmer Times Staff
https://www.khmertimeskh.com/50758426/cambodia-goes-for-16-days-without-new-covid-19-positive-cases-tally-remains-at-273-with-265-recoveries/
Acleda, CDB ink $130M credit facility pact
Acleda Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/acleda-cdb-ink-130m-credit-facility-pact
Cashew nuts key to achieving exports target, says ministry
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. ...
Sorn Sarath
https://www.khmertimeskh.com/50746300/cashew-nuts-key-to-achieving-exports-target-says-ministry/
Guidelines set for resumption of Japan-Cambodia flights
Conditions regarding the reopening of flights between Japan and Cambodia were discussed during a meeting between Prak Sokhonn, Minister of Foriegn Affairs Cambodia and Motegi Toshimitsu, Minister of Foreign Affairs of Japan on Saturday afternoon at the Ministry of Foreign Affairs in Capital. ...
Khmer Times Staff
https://www.khmertimeskh.com/50755999/guidelines-set-for-japan-cambodia-flights/
Ministry of Education creates research fund to promote innovation
Cambodian Ministry of Education, Youth and Sports (MoEYS) has established a Research Creativity and Innovation Fund (RCI Fund) to contribute to promoting the culture of research, creativity and innovation for the benefit of the education, youth and sports in response to the labour market and ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50756984/ministry-of-education-creates-research-fund-to-promote-innovation/
Thailand will gift 140km of rail to Cambodia for stronger link
Cambodia will soon welcome another 140km of northern railway to connect to the Thai border to better facilitate the transportation of goods between the two countries. Cambodia and Thailand officially launched rail reconnection link in late 2018. ...
May Kunmakara
https://www.phnompenhpost.com/business/thailand-will-gift-140km-rail-cambodia-stronger-link
Red corn prices tumble as growers switch to cassava
The wholesale price of fresh red corn in northwestern Battambang province dipped more than seven per cent from the year-ago period as this year’s first harvest reached 30 per cent completion, provincial Department of Commerce director Kim Hout said. ...
Hin Pisei
https://www.phnompenhpost.com/business/red-corn-prices-tumble-growers-switch-cassava
Ban on outdoor exercises lifted as gyms remain closed
All sports and outdoor exercises were yesterday formally allowed to resume four months after such recreational activities were banned in a bid to curb the spread of COVID-19. The move, said the Ministry of Education, aims to promote a healthy lifestyle among the public amid ...
Som Kanika
https://www.khmertimeskh.com/50749530/ban-on-outdoor-exercises-lifted-as-gyms-remain-closed/
Mr Hun Sen urges MFIs to sympathise with debtors’ difficulties
Prime Minister Hun Sen has reiterated his appeal to all financial institutions not to take tough actions against debtors as they (debtors) faced difficulties in repaying loans amid the COVID-19 pandemicwhich is wrecking havoc on the economy. ...
Ben Sokhean
https://www.khmertimeskh.com/50755539/mr-hun-sen-urges-mfis-to-sympathise-with-debtors-difficulties/
China-Cambodia FTA signing may be inked by late August
The exact date for the signing of the China-Cambodia Free Trade Agreement (FTA) continues to remain unclear as senior officials speculate to Khmer Times that the agreement could be inked in Beijing later this month. ...
Harrison White
https://www.khmertimeskh.com/50755511/china-cambodia-fta-signing-may-be-inked-by-late-august/
Minimum wage to be decided
The National Council on Minimum Wage will decide on a wage increase for workers in the garment, footwear, textile and travel product sectors at a meeting on Thursday after a figure could not be reached at a tripartite meeting on Wednesday. ...
Mom Kunthear
https://www.phnompenhpost.com/national/minimum-wage-be-decided
Machinery: A growing feature of farming
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has been working with the private sector and development partners to integrate the use of agricultural machinery into middle-class farming communities to respond to the current and future decline in the agricultural workforce. ...
Sorn Sarath
https://www.khmertimeskh.com/50764036/machinery-a-growing-feature-of-farming/
New programme set to track, manage One Window service
The Ministry of Interior announced it has put in place an information programme for managing one window service requests starting this month. The programme will make it easier for citizens to monitor service requests at each stage on their phones. ...
Long Kimmarita
https://www.phnompenhpost.com/national/new-programme-set-track-manage-one-window-service
Vaccine not a cure-all for Covid-19, official warns
While the government prepares to purchase Covid-19 vaccines, it has appealed to the public to understand that vaccinations will not be a panacea solution and to remember to remain vigilant in efforts to prevent spread of infection. ...
Mom Kunthear
https://www.phnompenhpost.com/national/vaccine-not-cure-all-covid-19-official-warns