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Warning for illegal MFIs

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis

Cambodia, Singapore ratify ASEAN Convention Against Trafficking in Persons

Cambodia and Singapore have deposited their respective instruments of ratification for the ASEAN Convention Against Trafficking in Persons (ACTIP) with ASEAN Secretary General Le Luong Minh, it was learned. ...

InterAksyon.com
http://www.interaksyon.com/article/123256/cambodia-singapore-ratify-asean-convention-against-trafficking-in-persons

More than $2billion in loans restructured from March

The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts as of June this year, according to a report from the Association Banks of Cambodia (ABC). ...

Sok Chan
https://www.khmertimeskh.com/50754440/more-than-2billion-in-loans-restructured-from-march/

ABC: No shortage in capital for lending

CAMBODIA’s financial sector will not face a shortage of cash to lend to local enterprises and accelerate business anytime soon, according to Association of Banks in Cambodia (ABC) president In Channy. ...

May Kunmakara
https://www.phnompenhpost.com/business/abc-no-shortage-capital-lending

NBC receives 306 financial complaints last year

The National Bank of Cambodia (NBC) received 306 cases of complaints and enquiries from consumers of services provided by banks and financial institutions through its hotline numbers in 26 cities and provinces in 2022. ...

Kang Sothear
https://www.khmertimeskh.com/501225198/nbc-receives-306-financial-complaints-last-year/

Cambodia operates 494 flights a week

Cambodia received and operated 494 flights per week at its three airports in the first three months of this year, according to the preliminary data from the State Secretariat of Civil Aviation (SSCA)—Cambodia’s regulatory and development agency for civil aviation activity and infrastructure. ...

Kang Sothear
https://www.khmertimeskh.com/501271800/cambodia-operates-494-flights-a-week/

Press release – prakas on credit risk for capital adequacy ratios in deposit-taking banks and financial institutions of national bank of cambodia

On 03 July 2023, the Credit Guarantee Corporation of Cambodia has posted a press release on prakas on credit risk for capital adequacy ratios in deposit-taking banks and financial institutions of national bank of cambodia on their official website.According to the press release, the purpose ...

Credit Guarantee Corporation of Cambodia

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Forum planned to address prison overcrowding

The Ministry of Interior’s General Department of Prisons (GDP) is planning to hold a forum with relevant ministries, embassies, and human rights NGOs to find a comprehensive solution to ongoing overcrowding issues in prisons, as the number of inmates continues to rise. ...

Phak Seangly
https://www.phnompenhpost.com/national/forum-planned-to-address-prison-overcrowding

Kingdom-Japan trade groups to step up cooperation

he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...

Nov Sivutha
https://www.phnompenhpost.com/business/kingdom-japan-trade-groups-step-cooperation

Foreign investments up $45.8b in Q1’23 - NBC

Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-nbc-foreign-investments-up

Police searching for illegal fishing suspects

Siem Reap provincial authorities are searching for the owners of two confiscated boats which were used for illegal fishing during the closed fishing season in Chi Kreng district’s Anlong Samnor commune. Colonel Sok Theavuth, district police chief, yesterday said that provincial anti-economic crime police, in collaboration ...

Pech Sotheary
https://www.khmertimeskh.com/50620306/police-searching-for-illegal-fishing-suspects-2/

No political prisoners here, says ruling party

As outrage still reverberates among opposition supporters over Tuesday’s conviction of 11 Cambodia National Rescue Party activists on “insurrection” charges, the ruling Cambodian People’s Party has warned that questioning the verdict will imperil the ongoing “culture of dialogue”. ...

Meas Sokchea
http://www.phnompenhpost.com/national/no-political-prisoners-here-says-ruling-party

Free the detained five, UN urges

A United Nations expert has called on the government to immediately release human rights and National Election Committee officials who have been controversially accused of bribing a witness.“The charges are seen as politically motivated and in November 2016, the UN Working Group on Arbitrary Detention ...

Mom Kunthear
http://www.khmertimeskh.com/news/34820/free-the-detained-five--un-urges/

Grasslands present dilemma

A week after British researchers released a study warning that the nation’s grasslands would soon be lost if drastic action was not taken to protect them, some agricultural experts have called for moderation, noting that the intensive rice cultivation blamed for the grasslands’ destruction is ...

http://www.phnompenhpost.com/2013032664676/National/grasslands-present-dilemma.html

Cambodia sees improvements in logistics performance: World Bank

Cambodia has seen significant improvements in logistics performance in the last four years, a World Bank’s senior official said Wednesday. “According to the World Bank Logistics Performance Index (LPI), Cambodia’s LPI ranking has risen spectacularly by 46 places, to 83rd out of 160 countries in 2014, ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=208878

Ministry slams deforestation report

The Ministry of Environment on Tuesday slammed a report by a local organisation which claimed the Prey Lang forest has lost 40,000ha in the last 18 years. Ministry of Environment spokesman Neth Pheaktra called the report by the Prey Lang Community Network (PLCN) “politically motivated” ...

Khorn Savi
https://www.phnompenhpost.com/national/ministry-slams-deforestation-report

In Cambodia, fake orphanages soak up donations by duping tourists

Just before the sun sets over the enchanting Angkor temples in northern Cambodia, a group of children gets ready for their big show. Every day, according to fliers at restaurants and hotels around town, the children perform an hour-long “charity show” for tourists visiting the ...

Denise Hruby
http://www.dailynews.com/general-news/20140721/in-cambodia-fake-orphanages-soak-up-donations-by-duping-tourists

Extra forces dispatched as KDC walls off land

A company owned by the wife of Mines and Energy Minister Suy Sem, with the backing of a mounting police force, pushed ahead Tuesday with walling off a swath of land in Kompong Chhnang province that has been at the center of a seven-year land ...

Kuch Naren
http://www.cambodiadaily.com/news/extra-forces-dispatched-as-kdc-walls-off-disputed-land-63590/

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-allays-dollar-concerns

Digital economy department established

The government issued a June 22 sub-decree which established the General Department of Digital Economy under the Ministry of Economy and Finance, with the aim to ensure the effectiveness and efficiency of the Kingdom’s digital management and development. ...

Sok Raksa
https://www.phnompenhpost.com/business/digital-economy-department-established

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