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 ...

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 ...

A Cambodian official has requested that Japan consider increasing cooperation and support for the least developed ASEAN countries through the provision of technical assistance and training, saying that Cambodia would benefit from the vision and strategy for the growth of ASEAN-Japan economic integration over the ...

A million fish formed the front line of the conservation fight yesterday, when Agriculture, Forestry and Fisheries officials released them in Kampong Thom provincial waters, celebrating the launching of a national aquaculture institute. Yesterday’s celebration of National Fish Day in Baray district marks the official start ...

The Ministry of Education, Youth and Sport is plunging public schools into the digital age with a new interactive technology plan fit with bells, whistles and 3G applications, light-years ahead of its mostly dirt-floor school houses. The five-year, $1.3 million project, developed and funded by Cellcard, ...

The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...

A new auto-mechanics training school at the National Polytechnic Institute of Cambodia (NPI) that aims to train select Cambodian youth and support a shortage in the labour market officially commenced construction yesterday. In partnership with the Ministry of Labour, joint sponsors the Korean International Cooperation Agency ...

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, ...

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 ...

“When I first arrived in Cambodia, I was impressed of the digitization process here,” Dr. Daniel Schmücking remembers his first days in Phnom Penh, and continues: “I thought ‘how can I survive here?’ but then someone told me about PassApp.” The Konrad Adenauer Stiftung (KAS) ...

The seventh edition of the ‘Give A Day’ meet, held in Phnom Penh recently, urged the Cambodian government to step up investments in tech parks for promoting the ecosystem for digital start-ups and also to speed up the country’s march to become a digital economy. ...

Fifteen foreign investments worth $344 million were approved by the government’s investment board in October, most of which were in the garment industry, according to data obtained this week ...

Exports from Cambodia increased 32.9 percent to $3.7 billion during the first ten months of this year compared to the same period in 2010, according to data released by the Ministry of Commerce yesterday. Milled rice exports saw the biggest increase with a 161.5 percent jump ...

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 ...

The increasing utilization of Information and Communication Technology (ICT) tools has had a huge impact on the livelihood of Cambodian people in what is often called the “Industrial Revolution 4.0”. Recognizing the inevitable evolution toward digital change, the Cambodian government has been preparing to digitalize ...

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 ...

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 ...

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 ...

Sixty-two Cambodian students have gotten annual scholarships for their bachelor’s and master’s degrees in various universities in China, according to Chinese News Agency (Xinhua).​​ ...

The Cambodia Rice Federation (CRF) and AMK Microfinance Institution Plc are brainstorming plausible approaches to jointly channel finance into the rice sector. ...