Losing 104 rural credit agencies ‘may allow growth’ in finance sector
The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ...
Pure seed initiative providing boost for rice harvests
Student volunteers have been instructed to advise and assist farmers on selecting superior paddy rice stems for cultivation. ...
Van Socheata
https://www.phnompenhpost.com/national/pure-seed-initiative-providing-boost-rice-harvests
20,000 youth to receive training as the Kingdom raises skilled HR
The Ministry of Labour and Vocational Training announced that nearly 20,000 young people from disadvantaged households registered for and received vocational training in the 45 days between November 15 and December 30. ...
Van Socheata
https://www.phnompenhpost.com/national/20-000-youth-to-receive-training-as-the-kingdom-raises-skilled-hr
Inflation rates driven by increases in food prices
The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...
Cambodia Finally Starts Stock Trading
Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...
http://blogs.wsj.com/deals/2012/04/18/cambodia-finally-starts-stock-trading/
MFI loans, deposits continue to increase
Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...
http://www.phnompenhpost.com/business/mfi-loans-deposits-continue-increase
Students compete in counseling competition
About 30 law students on Friday participated in the seventh Client Counseling Competition to put their newly acquired professional skills into practice and compete for a trip to the international competition in Puerto Rico in April. “We created the case based on this year’s theme, ...
Denise Hruby
http://www.cambodiadaily.com/news/students-compete-in-counseling-competition-52970/
Prasac borrows $1.5m from German company
Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...
Advanced Bank of Asia loans MFI $2m
The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...
July's inflation driven by high food prices
Fueled by a rise in food prices, inflation reached 7.1 percent in July compared to the same month last year, according to data released by the National Institute of Statistics According to the data, the price of meat increased by 16.4 percent in July compared to ...
New organisation to boost Japan-Cambodia business ties
The official website of the Cambodian Embassy in Japan reported that Cambodian Ambassador Ung Rachana hosted the opening ceremony for the Japan-Cambodia Culture and Business Council (JCBC) on Tuesday. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50630252/new-organisation-to-boost-japan-cambodia-business-ties/
Cambodia, Sri Lanka relations strengthened with Sirisena visit
At a bilateral meeting in Phnom Penh last week, Cambodia and Sri Lanka reaffirmed their commitment to strengthen bilateral relations and regional partnerships aimed at bringing peace and stability to the two nations and the world. ...
Ry Sochan
https://www.phnompenhpost.com/national/cambodia-sri-lanka-relations-strengthened-sirisena-visit
‘Encroachment affecting fishermen’
Land encroachment and declining fish catches are affecting the daily lives of fishing communities, Prak Sereyvath, the director of the Cambodian Institute for Research and Rural Development (CIRD), said on Wednesday. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/encroachment-affecting-fishermen
Report: MFI loans force land sales, increase in child labour
A report from local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT) claimed that the increasing levels of debt caused by taking loans from microfinance institutions (MFIs) is forcing rural families to sell off land. The study also claimed that the sharp rise in debt ...
Thou Vireak
https://www.phnompenhpost.com/business/report-mfi-loans-force-land-sales-increase-child-labour
Helmet use for children low despite traffic law
Research by the Asia Injury Prevention Foundation (AIPF) found helmet use by child motorbike passengers was still low in January despite the government’s much-touted Traffic Law, with observers blaming poor enforcement. ...
Bun Sengkong
http://www.phnompenhpost.com/national/helmet-use-children-low-despite-traffic-law
Credit Bureau targets students with workshops
Hoping to increase university students’ knowledge of Cambodia’s credit reporting system, the Credit Bureau of Cambodia (CBC) on Tuesday launched a series of workshops in Phnom Penh aimed at boosting financial literacy. ...
Kang Sothear
https://www.cambodiadaily.com/business/credit-bureau-targets-students-with-workshops-95981/
UN helps ministries budget for climate change
As Cambodia continues its battle against raging thunderstorms and stifling droughts, officials from a variety of ministries attended a three-day workshop last week on how to incorporate the wide-ranging effects of climate change into the national and provincial budgeting process. ...
Jonathan Greig
http://www.khmertimeskh.com/news/25133/un-helps-ministries-budget-for-climate-change/
Overloaded truck figures dip: ministry
The Ministry of Public Works and Transportation yesterday announced that 75 fewer drivers had been fined for overloaded trucks last month compared to June, attributing the decline to recent crackdowns. ...
Lay Samean
http://www.phnompenhpost.com/national/overloaded-truck-figures-dip-ministry
Bus service loses $150k per month
Phnom Penh Governor Khuong Sreng has claimed City Hall loses about $150,000 every month covering the costs of staff and other expenses to support public bus services. City Hall spokesman Met Meas Pheakdey said that although the state lost money, there were two important advantages to ...
Mom Sophon
http://www.khmertimeskh.com/50104614/bus-service-loses-150k-per-month/
Researchers seek new rice varieties
The Philippines-based International Rice Research Institute (IRRI) has agreed to help Cambodia plant new high-yielding rice varieties that are also able to survive extreme climatic events. ...
Chea Vannak
http://www.khmertimeskh.com/news/36004/researchers-seek-new-rice-varieties/