Trade deficit grows once more
Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said. The NBC figures revealed that the Kingdom imported $18.8 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-deficit-grows-once-more
Thai bank’s $140M offer to buy Cambodian MFI on hold
Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...
Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold
ICT agreement signed
Cambodia and Malaysia have signed a memorandum of understanding (MOU) in order to cooperate and share Information and Communication Technology (ICT) in order to develop the health, government and logistics sectors. Cambodia’s National ICT Development Authority met with the Malaysian Ministry for Science, Technology and ...
http://www.phnompenhpost.com/index.php/2011072550612/Business/ict-agreement-signed.html
Local MFIs’ high-tech investment
The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...
http://www.phnompenhpost.com/2013022661599/Business/local-mfis-high-tech-investment.html
Trade body, MFI hatching plans to fund rice sector
The Cambodia Rice Federation (CRF) and AMK Microfinance Institution Plc are brainstorming plausible approaches to jointly channel finance into the rice sector. ...
May Kunmakara
https://phnompenhpost.com/business/trade-body-mfi-hatching-plans-fund-rice-sector
Technology push for productivity
While industry, particularly the textile, travel bag and footwear sectors, is diversifying to high value added products, upgrading of high technology and modern machinery is needed for all factories, a senior official at the Garment Manufacturers Association in Cambodia (GMAC) said. ...
Sok Chan
http://www.khmertimeskh.com/5080065/technology-push-productivity/
Cambodia hosts int'l information technology, telecom expo
An international information technology, electronics and telecom exhibition kicked off here on Friday with an aim of developing the country’s Information and Communications technology (ICT) industry, officials said. The three-day event, held at the Diamond Island Exhibition Centre, brought together 49 local and regional ICT companies ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/sci/2014-11/14/c_133790043.htm
MFIs downplay debts
Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary. The comments come after both Prime Minister Hun Sen and ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-downplay-debts
Health progress lauded
Cambodia’s progress in reducing maternal mortality was recognised internationally this week at the 67th World Health Assembly in Switzerland. Efforts to increase the number of skilled birth attendants and an increase in the number of 24-hour emergency centres available to pregnant women were both credited with ...
Amelia Woodside
http://www.phnompenhpost.com/national/health-progress-lauded
Report calls for foreign teacher trainers, higher salaries
Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...
Zsombor Peter
http://www.cambodiadaily.com/news/report-calls-for-foreign-teacher-trainers-higher-salaries-67184/
Body notes ‘significant’ anti-laundering strides
An inter-governmental anti-money laundering group has stopped monitoring Cambodia after it said the Kingdom had made “significant progress” toward fighting financial crimes. ...
Daniel Pye
http://www.phnompenhpost.com/body-notes-significant-anti-laundering-strides
$30M credit guarantee scheme for rice inked
The state-owned Credit Guarantee Corporation of Cambodia (CGCC), Cambodia Rice Federation (CRF) and participating financial institutions (PFIs) signed an agreement on the $30 million Rice Export Guarantee Scheme (REGS) to help millers stockpile rice for milling, processing, exporting and making local value-added products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501487226/30m-credit-guarantee-scheme-for-rice-inked/
A $15m cash injection aims to bridge Cambodia’s digital skills gap
USAID launches $15m initiative to improve the nation’s digital skills by working with universities and private institutions to strengthen the quality of ICT curriculums and improve soft skills. ...
Phin Rathana
https://kiripost.com/stories/a-15m-loan-aims-to-bridge-cambodias-digital-skills-gap
Tech innovator Cambodian girls create prize-winning poetry app
The creation of five girls aged 13 and 14, LiterTree is a team dedicated to one sole purpose – the preservation of Khmer poetry, which is at risk of being forgotten due to four decades of neglect following the killing of artists and the destruction ...
Helping farmers keep their cool
One of a farmer’s greatest enemies is heat. As many as 50 percent of the fruit and vegetables harvested in Cambodia are lost because of heat – lettuce wilts, onions become slimy, tomatoes turn to mush. Because of a lack of cold storage at most of ...
Jonathan Cox
http://www.khmertimeskh.com/news/23636/helping-farmers-keep-their-cool/
Demand for quality rice seed development
To enhance Cambodian rice yields, the government should encourage private development of rice-seed production and focus its efforts on farmers’ education and regulations that ensure the quality of seed, industry experts say. The Cambodian Agricultural Research and Development Institute (CARDI), under the direction of the Ministry ...
http://www.phnompenhpost.com/2013042565221/Business/demand-for-quality-rice-seed-development.html
Digital pioneer bridges AI language divide
In an exciting move, the Ministry of Post and Telecommunications has announced that preparations are underway for the introduction of the Khmer version of ChatGPT, a sophisticated artificial intelligence (AI) tool. ...
Hong Raksmey
https://www.phnompenhpost.com/national/digital-pioneer-bridges-ai-language-divide
World Innovations Forum holds first meet-up in the Kingdom
Monday night saw the first foray of World Innovations Forum Foundation in Phnom Penh, gathering an eclectic group of local and international entrepreneurs as part of their Seeding Innovation 2020 programme – a bid to change the way international development is done. ...
Gerald Flynn
https://www.khmertimeskh.com/50661465/world-innovations-forum-holds-first-meet-up-in-the-kingdom/
WB upgrades Kingdom to Grade B in gov’t tech index
Cambodia’s level of development of government technology measured by the GovTech Maturity Index (GTMI) has been upgraded by the World Bank (WB) to Grade B from C for 2022. ...
Kang Sothear
https://www.khmertimeskh.com/501188713/wb-upgrades-kingdom-to-grade-b-in-govt-tech-index/
Youth keying into digital economy
Southeast Asia’s youthful population is embracing the internet and rapidly connecting to the digital economy, creating enormous potential for economic growth throughout the region, panellists at the World Economic Forum on Asean said yesterday. Addressing a panel discussion on “The Asean Dream”, Kao Kim Hourn, the ...
Hor Kimsay
http://www.phnompenhpost.com/business/youth-keying-digital-economy