Microloans work for some, leave many in debt
Nearly everyone living in Pann Sopheatra’s village, just across the Mekong River from Phnom Penh, has either taken out a microfinance loan or knows someone who has. ...
Matt Surrusco and Buth Kimsay
https://www.cambodiadaily.com/news/microloans-work-for-some-leave-many-in-debt-126762/
Notification to all local microfinance institutions
On 24 July 2017, the Cambodia Microfinance Association (CMA) issued an announcement to inform all microfinance institutions and the public that:Cambodian Microfinance Association promotes the implementation of their Code of Conduct.All MFIs cannot accept identification cards, family books or residential books as collateral for loans.All ...
Cambodian Microfinance Association
Lenders foresee challenges in raising the local currency ratio
Commercial lenders have said the central bank’s requirement that banks and microfinance institutions (MFIs) increase the share of local currency in their loan portfolio to at least 10 percent by the end of 2019 could prove challenging to implement as their biggest clients exhibit a ...
Hor Kimsay
http://www.phnompenhpost.com/business/lenders-foresee-challenges-raising-local-currency-ratio
Casino expansion next to Buddhist Institute irks some
Phnom Penh recently saw the destruction of a portion of the Buddhist Institute to make way for the expansion of a casino. Political analyst Lao Mong Hay told “Hello VOA” last week that this kind of development demonstrates an “imbalance” between public and private Institutions. The ...
Sophat Soeung
http://www.voacambodia.com/content/cambodia-casino-expansion-next-to-buddhist-institute-irks-some/1933071.html
Inflation down as global oil prices ease off
Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...
May Kunmakara
http://www.phnompenhpost.com/business/inflation-down-global-oil-prices-ease
Prasac gets $65M to expand lending
Four foreign banks, under the umbrella of the International Finance Cooperation, a member of World Bank Group, provided $65 million in syndicated loans to Cambodian microfinance institution Prasac to expand its lending portfolio. ...
May Kunmakara
http://www.phnompenhpost.com/business/prasac-gets-65m-expand-lending
Ensuring sustainability in climate change adaptation projects
Sustainability of a project means ensuring that the project’s goals, activities and benefits continue even after the official completion of the project. Sustainability is central for all development projects, but it is particularly important for climate change adaptation projects. The reason is twofold. ...
Heng Pheakdey
ttp://www.khmertimeskh.com/news/14513/ensuring-sustainability-in-climate-change-adaptation-projects/
Report: Banking system healthy
Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...
May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy
PRASAC takes $2m loan from Dutch firm
PRASAC Microfinance Institution, Cambodia’s biggest MFI by outstanding loans, has received a US$2 million loan from the Netherlands Development Finance Company ...
IMF urges closer cooperation between statistics agencies in Cambodia
The International Monetary Fund (IMF) says closer cooperation between statistics-producing agencies in Cambodia is “essential” to improve the quality of macroeconomic statistics. ...
Sao Da/AKP
https://www.khmertimeskh.com/50778524/imf-urges-closer-cooperation-between-statistics-agencies-in-cambodia/
Ministry mulls museum to celebrate rubber legacy
The Ministry of Agriculture, Forestry and Fisheries plans to establish a museum in Tbong Khmum province to promote the history of rubber cultivation and the industry in Cambodia. ...
Khouth Sophak Chakrya and Yuth Vireak
https://www.phnompenhpost.com/national/ministry-mulls-museum-celebrate-rubber-legacy
Private educational institutions get tax exemptions for another five years
Prime Minister Hun Sen has decided not to collect taxes from private educational institutions for another five years, from 2024 to 2028. ...
Khmer Times Staff
https://www.khmertimeskh.com/501230920/private-educational-institutions-get-tax-exemptions-for-another-five-years/
Vietnam, Laos, Cambodia look to enhance audit cooperation
The 10th Tripartite Meeting between the Supreme Audit Institutions of Cambodia, Laos and Vietnam with the theme of “Follow up on audit recommendations” was held in central city of Da Nang on August 29. ...
Khmer Times Staff
https://www.khmertimeskh.com/501351613/vietnam-laos-cambodia-look-to-enhance-audit-cooperation/
Cambodia needs tech skill labour: PM
More quality, effective technical education and skills development are needed to deliver the talented workforce sought after by industrial investors, Prime Minister Hun Sen stated on February 27, as pundits asked the government to increase and enhance job-aligned vocational training options while improving the labour-market ...
Samban Chandara
https://www.phnompenhpost.com/national/cambodia-needs-tech-skill-labour-pm
Climate change worse threat than Ukraine war: Hun Sen
Prime Minister Hun Sen describes climate change as the single worst threat humanity faces today, predicting that – contrary to popular belief – the ongoing Russia-Ukraine conflict will end eventually through compromises. ...
Ry Sochan
https://www.phnompenhpost.com/national/climate-change-worse-threat-ukraine-war-hun-sen
IRRI asks Cambodia to develop low-sugar paddy seeds
The International Rice Research Institute (IRRI) has proposed to the Ministry of Agriculture, Forestry and Fisheries (MAFF) to develop a low-sugar paddy seed technically called low glycemic index or low GI paddy seed in Cambodia, said a release. ...
Kang Sothear
https://www.khmertimeskh.com/501291581/irri-asks-cambodia-to-develop-low-sugar-paddy-seeds/
Some 1,300 underprivileged students enroll at NPIC
Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501412958/some-1300-underprivileged-students-enroll-at-npic/
Home not farming, takes precedence when Cambodians take MFIs loans
Showing a shift in mindset, more Cambodians are now taking loans from microfinance institutions (MFIs) over home needs than for farming. ...
Rachel David
https://www.khmertimeskh.com/501442492/home-not-farming-takes-precedence-when-cambodians-take-mfis-loans/