Officials have released a public statement warning against a rise in unlicensed lenders they say are dangerously operating outside Of Cambodian regulations and threatening financial stability. In a joint declaration from the Ministry Of Economy and Finance and the National Bank Of Cambodia on Monday, authorities ...

The TEST programme, which aims to fight the effects of climate change by helping corporations adopt efficient and environmentally friendly processes, was launched yesterday in Phnom Penh. ‘TEST’ stands for ‘transfer of environmentally sound technology’. ...

Dr. Hun Manet, Prime Minister of Cambodia, urged ministries, institutions, and sub-national administrations to collaborate with the Ministry of Inspection to enhance their work. ...

The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...

Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom. ...

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...

AXIATA Group Berhad, parent company of local telecommunications provider Smart, and Wikipedia operator the Wikimedia Foundation announced a partnership to offer Wikipedia on mobile devices free of data charges to Axiata customers throughout Asia, a press release said. “Wikipedia is free as such already, but notwithstanding ...

The Ministry of Information has banned the broadcast of all Khmer-language programs by foreign radio stations for the entire 31 days of the pre-election campaign period and on election day, July 28, warning that legal action will ensue if stations fail to comply. The ban, announced ...

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

.Cambodian government must rise its tax revenue intake if it to stay on a sustainable path toward development, International Monetary Fund officials have said. Although Cambodia is experiencing increased growth in trade and investment, the country should broaden its tax base to create sustainable revenue collection, a ...

In what is the government’s latest pledge to hold tycoons and foreign investors to account for their business practices, the Ministry of Environment will begin assessing existing and proposed economic land concessions (ELCs), cancelling or rejecting those that have negative social or environment impacts, a ...

A court official on Friday agreed to implement an injunction to freeze the assets of bankrupt telecommunications firm Mfone Co. Ltd., according to a lawyer in the case. The Phnom Penh Municipal Court issued the injunction against Mfone on January 17, after Huawei Technologies Co. Ltd. ...

Among the few women working in the technology sector in Cambodia is 29-year-old Sok Sikieng, who was recently named “Technovation Ambassador” for the country. ...

There has been significant growth in digitisation across the world in recent years and the Covid-19 pandemic only accelerated the process. Cambodia too has been called up to step up investments in the sector to build capacity matching international standards. ...

A Ministry of Social Affairs official yesterday announced that, starting next year, the government would offer regular payments of 20,000 riel (about $5) to all disabled Cambodians, a benefit that so far has only been available to retired disabled soldiers. In an announcement that coincided with ...

The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to ...

Government-issued economic land concessions are making the country’s indigenous communities in the northeast provinces worse off, according to a study by the Mekong Institute of Cambodia. Presented yesterday at the 2012 Development Research Forum in Phnom Penh, the study comes on top of mounting criticism of ...

Prime Minister Hun Sen lashed out at unnamed critics yesterday, saying there was no corruption in large-scale development projects backed by foreign aid. “[For example] as for the Neak Leung bridge or Kizuna bridge Japan runs its bids in Tokyo. Therefore, only Japanese companies have the ...

On 04 February 2021, the Ministry of Health issued a press release informing the authorization on the emergency use of China’s vaccine named “Sinopharm”. Sinopharm vaccine is manufactured by the Beijing Institute of Biological Products Co., Ltd. of the People’s Republic of China, under the ...