The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...

A new union has been founded pledging to offer members a post-retirement pension with a novel twist – it will be funded by sponsorship from private companies. The head of the new Workers Retirement Fund of Cambodia Union president, Sidney Sok Ke, claims to have spent ...

The central bank officially held a soft launch last Friday for its central shared switch mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem. ...

Prime Minister Hun Sen on Monday urged Cambodians to keep safe as they celebrate Khmer New Year this weekend and instructed law enforcement officers to be vigilant during a period renowned for causing an annual spike in traffic accidents. Speaking at a graduation ceremony on Koh ...

Insurance Regulator of Cambodia (IRC) director-general Bou Chanphirou on January 12 urged banks, other financial institutions and insurance companies to cooperate in bancassurance to drive further growth in the insurance sector, and raise penetration and density. ...

Minister of Interior Sar Kheng has instructed relevant institutions under his supervision to assist people in the correction and cancellation of family records to make the service more widely available in towns and district administrations across the Kingdom. ...

To get his teenage daughter and niece on a plane yesterday after 10 months of alleged abuse and forced marriages in China, Kim Vicheat* said he had to bury his family in debt because the Cambodian consulate refused to fund their repatriation. The two 19-year-olds told The ...

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...

On February 22 2021, the Ministry of  Labour and Vocation training has posted an announcement regarding the decision to suspend  technical and vocational education and training institutions for 2 weeks in Phnom Penh and Kandal province. This is made following the recent COVID-19 community outbreak ...

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

Cambodia’s Ministry of Commerce and Laos’ Ministry of Science and Technology last week signed a memorandum of understanding (MoU) to cooperate in the protection of trademarks and geographical indications (GI). ...

President of Cuba Miguel Diaz-Canel Bermudez has invited Kitti Tesaphibal Pundit Hun Manet, Prime Minister of the Kingdom of Cambodia, to participate in the Summit of Heads of State and Government of the Group of 77+China in Havana, Cuba in mid-September. ...

The Ministry of Economy and Finance (MEF) plans to establish financial controlling groups at each ministry whose function would be to review and approve both the expense budget proposals and procurements of respective ministries and institutions in consultation with the Financial Management Information System (FMIS), ...

Medical students who vowed on Sunday to boycott the first government-ordered national exams under claims of discrimination backtracked on their threats yesterday. Da Nhel, 27, a representative of the student doctors, said that just hours after threatening to boycott the exams, which were approved by the ...

The long-awaited Cambodian Credit Bureau (CBC) launched yesterday, a move that is expected to increase the amount of information banks retain on the history of borrowers in the banking system. Despite loan disbursals in the banking sector growing by 25 percent last year, banks have so ...

The prime minister has urged government ministries and public institutions to speed up work on an action plan to prevent violence against women and children, calling for education on the issue to start from an early age. ...

A coalition of government ministries, the United Nations and international non-governmental organizations launched a new campaign yesterday to combat violence against women.​ ...

A youth group headed by Prime Minister Hun Sen’s youngest son has been chosen as the local winner of the Asean People’s Award, which will be given to one recipient from each Asean nation at the regional bloc’s annual summit in Kuala Lumpur later this ...

Cambodia’s government and civil society yesterday expressed worry over the lack of progress on finalising the draft text for an international climate change treaty set to be adopted at UN climate talks in Paris (COP 21) after the final round of negotiations concluded in Bonn, ...

The Vietnamese military has begun training Cambodia police in cryptography and encryption techniques as part of a national plan to protect “state secrets”.Em Sam An, a secretary of state at the Ministry of Interior, signed a new agreement between the ministry’s cryptography department and the ...