PRASAC Microfinance Institution, celebrating its eighteenth anniversary this year in the Cambodia microfinance market, has increased its registered capital from 15-4 billion riel to 80 billion riel. The increase of the share capital has been authorized by the National Bank of Cambodia and the company is now amending its Articles of Incorporation. PRASAC’s share capital is ...

Because Cambodia’s youth has not focused enough on studying technical or engineering subjects, the Kingdom now faces a lack of human resources and the Ministry of Education, Youth and Sports plans to reform the country’s education system, according to the minister in charge. Minister Im Sethy ...

Although Mfone subscribers are due to transfer their accounts to Mobitel today, the Post has learned that telco provider Huawei Technologies (Cambodia) is still waiting for a court to rule on the legality of the transaction. Huawei’s lawyer, Kuoy Thunna, filed a letter late last month ...

Agricultural experts are urging Cambodian rice growers to choose seeds that can withstand drought and submersion in deep water in an attempt to make the country’s rice industry more competitive. Awareness of rice-seed selection was limited among farmers in the Kingdom, despite the importance of the ...

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...

USAID and University of California, Berkeley, yesterday launched a “Digital Workforce Development project” from USAID-funded initiative of $15 million that will give young Cambodians the skills to compete in the digital economy for five years. ...

The father of a man killed during a government-run fireworks display in October has sent letters to the King and two government institutions demanding compensation for his loss. Na Kry said yesterday that he sent letters last week to the King, the National Assembly and ...

About half of the University of Health Science’s class of 2014 risks not graduating this year, having refused to register for a new compulsory final exam. A 2007 sub-decree states that a national-level examination for medical students would be implemented from that academic year onwards. But ...

Vongsey Vissoth, Permanent Deputy Prime Minister in charge of the office of the Council of Ministers and Chairman of National Archives of Cambodia has instructed the council working group to update the archives law to match the current situation in Cambodia, especially with respect to ...

Plan International in cooperation with Ratanakiri’s provincial department of Education, Youth and Sport conducted teaching sessions for 5,400 drop out students to attend school and access formal education through the project “Enhancing Quality Learning for Out of School Children in Northeastern Cambodia (EQUAL)” by accessing ...

The ACLEDA Institute of Business (AIB) has teamed up with the IELTS Cambodia official Test Centre at IDP Education to administer the English proficiency exam at the Institute, as part of its ambition to gain widespread international recognition. ...

More than 300 residents from five provinces gathered in front of the Botum Vatey Pagoda in Phnom Penh on Monday before marching to government institutions to submit petitions demanding that Prime Minister Hun Sen intervene in their long-running land disputes. ...

The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector.   ...

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...

SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...

The National Strategic Development Plan 2019-2023 directs the authorities and relevant institutions to carry out effective prevention, crackdown and resolution of drug issues, and all commune authorities to be confident in dealing with drug problems in their areas. The directive was made during the drafting ...

The production of Nutrix, a new fish-based wafer snack, was launched in Phnom Penh on Monday to assist in the fight against “severe acute child malnutrition” in Cambodia. The Nutrix facility is the first of its kind in the Kingdom and only the second in ...

The government should throw its weight behind Cambodia’s young and dynamic private sector, which has the talent and skills to capitalise on the opportunities presented by ASEAN regional economic integration, a government adviser said during a forum on Friday.     ...

Despite challenges, Cambodia has potential for the establishment and expansion of social businesses, participants of the Microfinance & Social Business Conference in Phnom Penh said yesterday. While social business in Cambodia is still in an early phase compared to micro-finance  “Cambodia is a promising land” for such ...