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 ...

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 ...

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, ...

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. ...

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. ...

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”, ...

PRASAC Microfinance Institution, Cambodia’s biggest MFI by outstanding loans, has received a US$2 million loan from the Netherlands Development Finance Company ...

The International Monetary Fund (IMF) says closer cooperation between statistics-producing agencies in Cambodia is “essential” to improve the quality of macroeconomic statistics. ...

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. ...

Prime Minister Hun Sen has decided not to collect taxes from private educational institutions for another five years, from 2024 to 2028. ...

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. ...

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 ...

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. ...

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. ...

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). ...

Showing a shift in mindset, more Cambodians are now taking loans from microfinance institutions (MFIs) over home needs than for farming. ...

A controversial Facebook platform that offers users free Internet —but a limited choice of websites and apps—was launched in Phnom Penh on Thursday in cooperation with mobile operator Smart Axia­ta, its CEO said on Friday. ...

A new study by the U.S. National Institutes of Health (NIH) has confirmed that resistance is growing to one of the key drugs being used to fight malaria in Cambodia, a situation likely to worsen and which could lead to a growing caseload in the ...