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Finance sector in good shape: NBC

The National Bank of Cambodia (NBC) says the banking sector will continue to grow confidently and actively contribute to economic activity. At the same time, the banking and finance sector continues to promote financial inclusion with the number of deposit clients reaching 8.2 million accounts ...

Sok Chan
https://www.khmertimeskh.com/50742892/finance-sector-in-good-shape-nbc/

New tech centre given boost to help digital startups

The Cambodian government issued a sub-decree establishing the new Techo Startup Centre (TSC) as a public administrative institution aimed at providing opportunities for young people, students and researchers to create new businesses in accordance with the trends and momentum of advancing digital technology. ...

Sok Chan
https://www.khmertimeskh.com/50742408/new-tech-centre-given-boost-to-help-digital-startups/

Italy to contribute €100,000 to ARMAC’s operations

Italy is set to contribute €100,000 to the ASEAN Regional Mine Action Centre (ARMAC)’s operation. This was said by ARMAC in a press release by quoting a letter of the Ministry of Foreign Affairs and International Cooperation of the Kingdom of Cambodia to the centre. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50742086/italy-to-contribute-e100000-to-armacs-operations/

E-payments, key to promoting financial inclusion

Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. ...

Sorn Sarath
https://www.khmertimeskh.com/50736465/e-payments-key-to-promoting-financial-inclusion/

Kampong Cham exports over 20,000 tonnes of bananas

Kampong Cham provincial governor Un Chanda said yesterday at a press conference the province has exported over 20,000 tonnes of fresh yellow bananas to international markets during the first six months of this year. ...

Khann Chanvirak
https://www.khmertimeskh.com/50740992/kampong-cham-exports-over-20000-tonnes-of-bananas/

NGOs: Stop oppressing journalists and limiting free speech

A joint statement released on November 2 by a group of 57 NGOs called for the government to stop silencing journalists and media outlets and release journalists who they believe were unfairly arrested.​ ...

Niem Chheng
https://www.phnompenhpost.com/national/ngos-stop-oppressing-journalists-and-limiting-free-speech

CBC develops wide-ranging financial app

The Credit Bureau of Cambodia (CBC) has made available a new digital application that for the first time allows Cambodian citizens to check their credit score, view credit reports and receive credit monitoring alerts. ...

Harrison White
https://www.khmertimeskh.com/50787813/cbc-develops-wide-ranging-financial-app/

MFI credit risk relatively low, NBC’s Serey says

On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...

Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says

Fishery crimes down this year

During the first 10 months of this year, there were 2,279 cases of fishery offences reported, 312 less than the same period last year, according to the Fisheries Administration. of the number, 187 occurred at sea while the rest occurred on freshwater. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fishery-crimes-down-year

Kingdom’s livestock production grew during the pandemic

MAFF’s data shows that as of Dec 2, 2020, livestock production increased from 42.02 million heads to 49.42 million heads, up 17.6 percent compared to the same period in 2019. Livestock production included fowl, (chicken and ducks), cattle (cows and buffalo), and poultry. ...

Sok Chan
https://www.khmertimeskh.com/50789582/kingdoms-livestock-production-grew-during-the-pandemic/

Blockchain cited as boost to public trust in financial institutions

At this week’s 2020 Global Blockchain Policy Forum,  Assistant Governor and Director-General of Central Banking, National Bank of Cambodia (NBC) Chea Serey stressed the need for building public trust in financial institutions and how the new Bakong payment system and infrastructure, built on blockchain technology, ...

Jason Boken
https://www.khmertimeskh.com/783940/blockchain-cited-as-boost-to-public-trust-in-financial-institutions/

Minister denies IDPoor suspensions were due to lack of funds

The Minister of Social Affairs yesterday denied a report that the government has no more budget to support the IDPoor subsidy programme. The statement came after the government suspended the cash support programme for pregnant women and children under two years for five days during ...

Sen David
https://www.khmertimeskh.com/50766058/minister-denies-idpoor-suspensions-were-due-to-lack-of-funds/

MAFF being short changed by ELC holders, revenue loss significant

The Ministry of Agriculture, Forestry and Fisheries (MAFF) has claimed that it is revising the economic land concession (ELC) laws to ensure that the land is being used properly to benefit the country’s economy. ...

Sorn Sarath
https://www.khmertimeskh.com/50771557/maff-being-short-changed-by-elc-holders-revenue-loss-significant/

E-Commerce Strategy finally incorporated

The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50748715/e-commerce-strategy-finally-incorporated/

SEARCA launches agricultural innovation plan

A regional centre of an inter-government treaty organisation focusing on agricultural research and education kicked off the implementation of its 11th five-year plan to push agricultural innovation in Southeast Asia, including Cambodia. ...

Nika/AKP
https://www.khmertimeskh.com/50749262/searca-launches-agricultural-innovation-plan/

DPM: Cambodia, EU relationship remains the same

Cambodia has reiterated her endeavour to maintain good relationship with the European Union although the region has partially withdrawn part of tariff preference it had granted to the country. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50755261/dpm-cambodia-eu-relationship-remains-the-same/

Draft law on Cassava National Policy 2020-2025 approved

The Council of Ministers, chaired by Prime Minister Hun Sen, has approved the “Draft Law on Cassava National Policy 2020-2025, according to the result of the Council of Ministers meeting. ...

Sorn Sarath
https://www.khmertimeskh.com/50755157/draft-law-on-cassava-national-policy-2020-2025-approved/

Flood instructions issued for schools to bolster safety

The Ministry of Education, Youth and Sport on Wednesday issued guidelines for schools to lessen the impact of flood damage. Minister Hang Chuon Naron said the recent flash floods have affected school buildings, study materials and equipment. ...

Mom Kunthear
https://www.phnompenhpost.com/national/flood-instructions-issued-schools-bolster-safety

Cambodian grown tobacco exported to five countries

Cambodia has exported tobacco to five countries, said Veng Sakhon, Minister of Agriculture, Forestry and Fisheries. The Minister pointed out that during this period, the exported tobacco products amounted to 5,376 tonnes. ...

Heng Panha/AKP
https://www.khmertimeskh.com/50764534/cambodian-grown-tobacco-exported-to-five-countries/

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