Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June. CBC’s data showed that loans have increased by 30 percent from the same ...

Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...

Cambodia will join three other regional countries in carrying out standardized testing for grade five students as part of a pilot program that aims to improve primary school education in Asean, officials said this week. ...

Shinhan Bank announced on Dec. 23 that it has opened a new branch in Steng Min Chey, an emerging developing area in Phnom Penh, in order for Shinhan Khmer Bank, a subsidiary of Shinhan Bank in Cambodia, to accelerate its business in the country. ...

The Ministry of Education on Tuesday announced an ambitious five-year plan with Metfone to provide internet access to 5,000 state education institutions across the country. ...

The Ministry of Health and the WHO on Friday signed a new five-year plan that will seek to address communicable and non-communicable diseases, advance universal health care, strengthen capability to respond to new emerging diseases and increase collaborations and partnerships, a ministry official said yesterday. ...

China on has handed over medical equipment worth $2.5 million to Cambodia’s Preah Ket Melea military hospital, underpinning China’s growing role as the country’s major military donor and defense partner. ...

Smart Axiata, Cambodia’s leading telecommunications company, yesterday launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases rapidly. ...

Cambodia needs more than $5.41 billion for its three-year public investment plan, a government report says. The plan involves 586 projects which include the social sector, economic development, public infrastructure and the public service, the report said. ...

Malaysian telecom giant Axiata Group will consider divesting a portion of its stake in Cambodian mobile operator Smart Mobile in a bid to free up capital to “pursue opportunities”, including infrastructure expansion and future acquisitions, a company executive said yesterday. ...

The government plans to increase the 2017 national budget by 15.7 percent, to more than $5 billion – representing an increase over this year’s government expenditure of more than $4.3 billion – a government source said yesterday. ...

The National Budget 2017 was approved on Friday by the Council of Ministers, with a government expenditure of about $5.04 billion. This represents an increase of about 15.6 percent compared to the 2016 budget of $4.36 billion, according to a government statement. ...

Assets of Cambodian Microfinance Institution Prasac reached US$210 million with the combination of newly borrowed $15 million from Germany’s Deg-Deutsche Investitions Und Entwicklungsellschaft Mbh (DEG), officials said during the signing ceremony. The seven-year agreement at an annual interest rate of 5.5 per cent would help Prasac ...

Hun Sen announced that 1.5 mln hectares of Economic Land Concessions were granted to private companies. 1.2 mln hectares, 80 percent, of the concessions are used for rubber plantation sector. He said, that Cambodia still maintain[s] 9.2 mln hectares of forest land even though 1.5 mln ...

About 5,000 garment workers from a factory in Kompong Speu province, which manufactures clothing for U.S sports giant Nike, yesterday blocked National Road 4 demanding additional allowances, such as transport and maternity bonuses, a union representative said. The protest at Sabrina (Cambodia) Garment MFG Corp., in ...

A 5-year-old girl from Takeo province and a 2-year-old girl from Kampot province – who has already died – mark the 19th and 20th confirmed cases of avian influenza this year, a hospital spokesman said. The Ministry of Health is expected to issue a statement ...

Amid concerns the Pchum Ben holiday will lead to a spike in bird flu cases, health officials have begun to roll out a widespread education campaign aimed at stanching the spread of H5N1. The highly fatal flu has seen 20 cases and 11 deaths this ...

A former Ministry of Interior police officer was tried by the Phnom Penh Municipal Court yesterday for allegedly embezzling more than $1.5 million under the pretense of buying land from Kandal province villagers for a company he used to work for. ...

Following a meeting at the Labor Ministry’s conflict resolution department Thursday, the Capitol Tours bus company and five of its drivers—who claim they were fired for attempting to organize a union—remained deadlocked over their reinstatement. ...

The United States Agency for International Development (USAID) and the U.S. National Aeronautics and Space Administration (NASA) today launched “SERVIR-Mekong,” for 5 countries in the Lower Mekong, according to U.S Embassy’s press release received here this afternoon. ...