The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...

Three investment projects worth more than $11 million were approved by the Council for the Development of Cambodia (CDC) this week, a CDC press release said on Wednesday.​ CDC approved the establishment of the SWJ (Cambodia) Garment Co, Ltd, in Kampong Speu province’s Chbar Mon ...

Prime Minister Hun Sen requested China’s cooperation on human resource development on Wednesday by collaborating with the Royal Academy of Cambodia and the ministries of Education, Youth and Sport and Labour and Vocational Training and boosting the sector. The request came during a meeting with ...

Diners may soon be able to leave their wallets at home the next time they decide to eat at a restaurant in Phnom Penh. Starting next week, WING, a Cambodian mobile payment service provider, will introduce a new service that allows people to pay their restaurant ...

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...

China’s Yunnan province on Monday provided 200 agricultural engines to Cambodia’s northwestern Banteay Meanchey province for post-flood rehabilitation. A handover ceremony was held here between Yu Dingcheng, vice chairman of the Standing Committee of the Yunnan Provincial People ‘s Congress, and Oung Oeun, chief of the ...

Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday.  In a statement some commentators described as “coordinated attack” by ...

Current assets in Cambodia’s banking and financial institutions had risen to 25.6 billion U.S. dollars by June 2016, an increase of 21.3 percent in the last 12 months, according to the biannual report of the National Bank of Cambodia (NBC), or the central bank, on ...

One in every four children in Cambodia under the age of 5 has not had their birth registered, but a new program aims to tackle the problem at the commune level using mobile phone technology, according to UNICEF. ...

Minister of Civil Service Hun Many is committed to reforming and strengthening the public administration effectively and efficiently, as well as promoting and modernising public institutions in line with the Pentagon Strategy. ...

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ...

Construction investment rises sharply Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of ...

Thai information technology firm Infobahn Co. Ltd. has filed a lawsuit against telecommunications conglomerate Thaicom Public Company Ltd. for breaching an agreement made last year to sell 41.14 percent of its shares, a deal that also includes a 51 percent stake in the Cambodian mobile ...

The Cambodia-Japan Friendship Bridge will close for repairs early next year after structural damage was discovered last year, City Hall announced yesterday. City Hall spokesman Mean Chanyada said: “We will close the bridge for 22 months to make repairs starting from early January 2017.” ...

Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...

A report from the Cambodia Agriculture Research and Development Institute (CARDI), a semi-autonomous organisation, showed that 83 per cent of farmers surveyed in Kampong Speu, Kampot and Kampong Cham provinces had noticed the effects of climate change. ...

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...

Cambodia’s microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests. ...

Land conflicts, discrimination, corruption and inequality dominated discussions between citizens and lawmakers at forums across the country this year, according to the U.S.-based organization the National Democratic Institute (NDI). In its annual report, obtained yesterday, the NDI noted “significant consistencies in the concerns facing Cambodians across ...

The Education Ministry will organize a training course and study programs that will give all of the country’s teachers access to bachelor’s degree programs by 2020, officials said yesterday. ...