The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say. Fast and easy access to money – as well as the fear of “losing face” by borrowing ...

Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) ...

Minister of Education, Youth and Sport Hang Chuon Naron addressed an international conference on digital transformation in Cambodia. The conference aimed to raise awareness and seek input and contributions into the digital transformation of Cambodia, widely seen as necessary to ensure the Kingdom will remain competitive, ...

The Ministry of Education, Youth, and Sport has initiated a campaign to elevate the standard of model schools by implementing digital education for students in selected secondary schools in Phnom Penh. The initiative aims to enhance student achievement and is set to expand across the ...

Cambodia suffers from one of the highest rates of deforestation in the world, with an average of one percent of the country’s forest lost each year. But in an initiative funded by USAID Supporting Forests and Biodiversity (SFB), Winrock International hopes to help solve the problem ...

Minister of Education, Youth and Sports Hang Chuon Naron issued a proclamation on November 22, 2021, to establish the Institute of International Studies and Public Policy of RUPP where students can study in the Vietnamese Language Department and obtain a bachelor’s in Vietnamese studies, Vietnamese ...

Cambodian experts, academia, government, civil society, private sector and youth discussed how AI and e-Government interact with the right to Access Information, in a recent seminar organised by UNECO and the Cambodia Academy of Digital Technology (CADT). ...

The Kingdom’s inflation rate fell month-on-month in November for the first time all year, dropping 0.7 per cent from October, according to National Institute of Statistics data. However, year-on-year inflation in November increased 5.7 per cent, the NIS reported. “We see that we got a bigger supply ...

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...

Officials expressed optimism that micrOfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration Of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank Of Cambodia  and Prasac expect the new 10-storey building to enhance ...

The activist Independent Monk Network has called on the Ministry of Cult and Religion to release paperwork proving that an agreement it struck with NagaCorp to help construct an electricity substation at Phnom Penh’s Buddhist Institute does not involve the selling of any of the ...

Minister of Education, Youth and Sport Hang Chuon Naron highlights the crucial role of science, technology and innovation in promoting people’s well-being, as well as development and sustainable economic growth. ...

Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...

Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network. According to an announcement on the municipality’s website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, ...

With a loan from Japan, the government will begin laying more than 400 km of fiber-optic cable early next year to connect Phnom Penh with five provinces, the Ministry of Post and Telecommunications (MPTC) said yesterday. Telecommunication Minister So Khun said the cable-which will connect Phnom Penh with ...

E-commerce in the Kingdom would boom during the coming years as a result of technological developments and young Cambodians being eager to gain skills in new technology, a gathering of business people heard during “E-biz Tuesday”, a monthly meeting for discussion on Cambodia’s e-commerce industry. According ...

Cambodia recorded a sharp rise in milled rice export in the first three months of 2012 thanks to increasing international market demand and more investment in post- harvest technologies, Prime Minister Hun Sen said Friday. A commerce report showed that the country exported 95,230 tons ...

Telecommunications companies say they are being left in the dark on the controversial draft law on cybercrime, despite provisions in the proposed law allowing prosecutors to order internet service providers to preserve data for them as part of criminal investigations. Three large telecom firms providing internet ...

Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...

Four Vietnamese women claiming to be working for a Vietnamese company attempted to obtain residency papers reserved for Cambodian citizens by bribing authorities in Ratanakkiri’s Sre Angkrang commune last week, police and an NGO said yesterday. The news comes as the government continues a “foreigner census” ...