Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ...

Fifty families who have lived in squalid conditions at Borei Keila in the capital’s Prampi Makara district since they were evicted and their homes destroyed have accepted City Hall’s offer of temporary shelter at the site, their representatives said yesterday. Evictee Sar Son said the 50 ...

A Malaysian Court yesterday sentenced a couple to 24 years in jail for culpable homicide after their Cambodian maid starved to death while working for them in their home on the northwest coast of Penag, Agence France Press (AFP) reported. Cambodian opposition lawmaker and former ...

Mean Nara, ODC’s Senior Mapper, spoke to the audience about the launch of the GeoServer.On April 30, the ODC team hosted a monthly Phnom Penh Mapping Meet-up (PPMM), in which ODC, Atlas, and Sahmakum Teang Tnaut presented on the recent project updates and results. As ...

High school and university students, considered particularly at risk of road accidents, may soon be taking lessons on the new traffic law if a proposal from the Transport Ministry comes to fruition. Tram Iv Tek, minister of public works and transport, yesterday said that the government ...

Cambodia has made great strides in recent years, both in terms of economic growth and key health indicators like life expectancy and infant, child and maternal mortality rates. The country reached lower-middle income status in 2015 and was advancing steadily toward Universal Health Coverage (UHC) ...

Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...

The governor of Phnom Penh’s Chroy Changva district Wednesday ordered the private firm heading a $3-billion real estate project on the peninsula to temporarily stop pumping sand onto land being contested by about 40 local families, but urged the families to reconsider the compensation on ...

A senior official of the Cambodian government on Saturday welcomed Chinese Premier Li Keqiang’s pledge of 3.09 billion U.S. dollars aid to the Greater Mekong Subregion (GMS) member countries, saying the offer is essential for socio-economic development and poverty reduction. The offer includes 1 billion ...

The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday. Cambodia has vast untapped oil and gas resources ...

On 2 October 2023, the Ministry of Posts and Telecommunications issued a press release on the official launch of the “Digital Skills Development Program” and the signing ceremony of the Memorandum of Understanding on cooperation on raising awareness and promoting digital skills development between Ministries ...

A university student in Siem Reap province was detained and sent to court yesterday after allegedly posting a death threat against Deputy Prime Minister Sar Kheng on the social networking site Facebook.Tao Savoeun, a 26-year-old graduate of the university of South-East Asia, located in Siem ...

In an internal report released this week, the Ministry of Education gave itself high marks for the access to education it offers disabled children, offering a rundown of successes in the field dotted with green checkmarks, not unlike a school report card. However, though the ministry ...

With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share. On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile ...

Cambodia’s national election in July ranked 69th out of 73 elections held worldwide between mid-2012 and the end of 2013 for electoral integrity, an election research group based at the University of Sydney and Harvard University has found. The Electoral Integrity Project (EIP) collected assessments from ...

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...

Royal Media Entertainment Co. Ltd., a joint venture between local conglomerate Royal Group and Russian General Satellite Co., announced yesterday that it has launched the country’s first digital pay-television service, ONE TV. Offering promotional subscription rates between $3 and $12 a month, services will begin in Phnom ...

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...

Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the ...

The Education Ministry will reconfigure how it ranks high school graduates seeking placement at state universities as part of its campaign to promote accountability in the school system, Education Minister Hang Chuon Naron announced on Friday. Delivering closing remarks at the Education Ministry’s annual meeting, Mr. ...