Acleda Bank is trying to protect its customers from getting bamboozled by a phone scam in which callers allegedly posing as Bank employees ask for money transfers in exchange for a prize, according to a statement and ads placed in a local newspaper. An Acleda ...

Cambodia’s government yesterday announced it had chosen the largest local bank, Acleda bank Plc, to be its partner for vehicle tax stamp sales. Acleda will operate for the General Department of Taxation of the Ministry of Economy and Finance in all 23 provinces and Phnom Penh.   Sim Eang, royal ...

Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...

The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the Bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the Bank for three ...

Phnom Penh City Hall has banned all trucks transporting goods and gasoline from traveling on the city’s roads in daytime hours to ease traffic during the Asean Summit, according to a notice placed on the municipality’s website Saturday. The Ministry of Education has also told 12 ...

Cambodian parents are commonly using medicinal balms and oils such as “Tiger Balm” on their newborn children despite potentially toxic effects, according to a new report.   ...

After being questioned for more than two hours at the National Assembly yesterday, Environment Minister Say Samal claimed the number of forest crimes decreased in 2016, but acknowledged that some government officials were involved in some of the crimes. A recently released report from the University ...

An outstanding court warrant for Phnom Penh International University rector Tep Kolap was dropped after the intervention of the premier and his wife, according to Phnom Penh Municipal Police Chief Touch Naruth. Declining to comment on the extent of the premier’s intervention, deputy commander of ...

Accelerating the mapping and titling of rural farmland should be an “urgent” priority of the government and civil society, particularly when it comes to protecting indigenous peoples’ and women’s rights, Oxfam representatives said yesterday. The remarks followed the release of an EU-funded survey of rural communities’ ...

The Cambodian government and UNICEF yesterday released results of a clinical trial on new locally produced food supplements to tackle the country’s persistently dismal malnutrition figures, with at least one of the two products proving effective.   ...

Amid threats of another mass strike in the thriving garment sector, the Ministry of Social Affairs has called a meeting with the industry’s leading players to discuss union demands for a $150-per-month minimum wage, a letter obtained yesterday reveals. At the behest of Prime Minister Hun ...

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, ...

CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom. The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager ...

The Philippines thrust the South China Sea dispute to the forefront of the ASEAN Foreign Ministers’ Meeting yesterday, causing the topic to dominate discussions. Myanmar by-elections and North Korea also featured prominently on the eve of today’s ASEAN summit, overshadowing the foreign ministers’ planned focus on ...

Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World bank. According to the paper – released earlier this month ...

The Bank of China is going to expand its business operations in Cambodia after it was launched here two years ago and seen rapid business growth, Zhu Shuming, visiting deputy governor of Bank of China, said Friday. Speaking at a meeting with Chea Chanto, governor of ...

The Foreign Affairs Ministry expects to complete construction on its first training institute for local diplomats in the next 18 months, officials said Monday. Foreign Affairs Ministry spokes-man Chum Sounry said work on the National Institute for diplomatic and Relations of International Study began in December. ...

PM Hun Manet is asking public and private universities to increase cooperation for joint research and mutual study visits with both national and international universities. ...

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank — all forecast at ...