Educational reforms unveiled
Minister of Education, Youth and Sport Hang Chuon Naron said reforms to the education curriculum is aimed at raising its standards and quality to compete with countries in the region that exhibited better academic performance. In a lecture to trainee teachers at the National Institute ...
Ry Sochan
https://www.phnompenhpost.com/national/educational-reforms-unveiled
FAST payment system transfers top 10B riel
Six months since the central bank launched its FAST payment system, a new scheme to provide instant riel-denominated fund transfers between financial institutions and their clients, the bank recorded a total fund transfer of 10 billion riel ($2.5 million) as of end-2016. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fast-payment-system-transfers-top-10b-riel
Local oil prices fall slowly
The current volatility of oil prices on the global market is bringing cuts in prices at Cambodia’s five main petroleum retailers. However, some observers say the current fall in prices is too limited. Data from the Ministry of Commerce showed that super oil retailed at 5,200 ...
http://www.phnompenhpost.com/index.php/2012062156925/Business/cambodia-oil-prices-fall.html
Joint statement: Suspension on loan repayments and interest accrual to help Cambodian borrowers
On 06 April 2021, Cambodian Youth Network and civil society groups issued a joint statement requesting the Royal Government to directly introduce measures to all microfinance institutions (MFI) and banks to suspend all loan repayments and interest accrual for at least three months in order ...
Cambodian Youth Network
Korea’s KB Kookmin Bank says completes acquisition of Prasac
South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...
May Kunmakara
https://www.phnompenhpost.com/business/koreas-kb-kookmin-bank-says-completes-acquisition-prasac
Loan offtake slows, NPLs go up
Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...
Manoj Mathew
https://www.khmertimeskh.com/501350471/loan-offtake-slows-npls-go-up/
Banks, MFIs raise interest rates following Fed move
Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...
Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/
Financial firm consolidation will boost industry resilience, says NBC governor
Witnessing the merger between PRASAC Minority Depository Institution (MDI) and Kookmin Bank Cambodia, the Governor of the National Bank of Cambodia (NBC) Chea Serey expressed hope to see more consolation happening in the industry to boost its resilience and efficiency. ...
Nhean Chamrong
https://www.khmertimeskh.com/501446574/financial-firm-consolidation-will-boost-industry-resilience-says-nbc-governor/
e-KYC, digital verification of documents taking off in Cambodia
Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. ...
Rachel David
https://www.khmertimeskh.com/501447218/e-kyc-digital-verification-of-documents-taking-off-in-cambodia/
MoH discovers 4th case of monkeypox
Another person was diagnosed with monkeypox on Tuesday, bringing to four the number of cases of the illness in Cambodia, the Ministry of Health announced. ...
Torn Vibol
https://www.khmertimeskh.com/501428689/moh-discovers-4th-case-of-monkeypox/
Homing in on the IPO price
From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public Offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...
http://www.etmcambodia.com/search.php?s=The+Week+at+the+CSX&submit=Search
Microfinance institution Sathapana increases maximum loan limit
Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...
Food Vendors Feel the Bite of Soaring Inflation
Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...
Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/
The collaboration between Open Development Cambodia (ODC) and the Prek Leap National Institute of Agriculture (PLNIA)
To promote the use of open data, ODC collaborates with several universities in Cambodia to support young researchers with their theses. In 2018, ODC and the East-West Management Institute (EWMI) signed a Memorandum of Understanding (MoU) with the Preak Leap National Institute of Agriculture to ...
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
Cambodia’s inflation up over 5% in February
Prices in Cambodia rose 5.4 per cent year-on-year in February, as fuel costs continued to push inflation higher, according to data from the National Institute of Statistics released yesterday. Foodstuffs, however, saw declines following demand that was driven by Chinese New Year, though paddy prices were ...
NGOs call for speedy passage of information freedom law
A group of 19 non-governmental organisations and associations have urged the Kingdom’s legislative and executive bodies to expedite the passage of a draft law on freedom of information, which the group said had been delayed for years. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ngos-call-speedy-passage-information-freedom-law
Government braces for population boom
As the Kingdom anticipates population growth to reach 20 million by 2030, Prime Minister Hun Sen yesterday predicted that most citizens will eventually gravitate towards urban areas. According to Mr Hun Sen during a speech in Phnom Penh, the population of Cambodia could even potentially ...
Ben Sokhean
https://www.khmertimeskh.com/50581662/government-braces-for-population-boom/
Shenzhen Institute of Planning to undertake Sihanoukville masterplan
The Shenzhen Urban Planning and Design Institute has been commissioned to undertake a masterplan to transform Sihanoukville into a modern sprawling metropolis, using the Shenzhen experience as its secret recipe. ...
Khmer Times Staff
https://www.khmertimeskh.com/660033/shenzhen-institute-of-planning-to-undertake-sihanoukville-masterplan/
SEA leaders create development strategy
Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets. ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50661055/sea-leaders-create-development-strategy/