Local tour guides get training boost
The Ministry of Tourism has been training and strengthening the capacity of tour guides in Preah Sihanouk province, with help from leaders of provincial coastal tourism departments and 80 participants from universities and institutions in the province. ...
Sum Manet
http://www.khmertimeskh.com/5080377/local-tour-guides-get-training-boost/
FAO says world food prices to reach record high in March, Cambodia expects 3.5 percent hike in Q1
Cost of food in Cambodia increased 2.78 percent in December of 2021 over the same month in the previous year, according to the National Institute of Statistics of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501055959/fao-says-world-food-prices-to-reach-record-high-in-march-cambodia-expects-3-5-percent-hike-in-q1/
PM: Ease debt load on flood victims
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. ...
Hin Pisei
https://www.phnompenhpost.com/business/pm-ease-debt-load-flood-victims
Major surge in micro lending, association says
Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...
Sok Chan
http://www.khmertimeskh.com/news/17497/major-surge-in-micro-lending--association-says/
Vendors square off with school principal
Vendors ousted from the grounds of Hun Sen Borey 100 Knorng Secondary School in Phnom Penh have accused the acting principal of corruption, including selling almost $2,000 worth of state property and forcing students to pay up to $100 to transfer to the institution. ...
Phak Seangly
http://www.phnompenhpost.com/national/vendors-square-school-principal
More universities needed in provincial areas: PM
Speaking at the inauguration of the Heng Samrin Tbong Khmum University yesterday, Prime Minister Hun Sen called for a program to establish universities in all provinces, saying that the creation of more institutions of higher learning would improve access to education outside of the capital. ...
Pech Sotheary and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/more-universities-needed-provincial-areas-pm
FASMEC MFI enters the lending market
Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.With a start-up capital of $1 million raised from a handful of investors on the new company’s board, the MFI hopes to expand its loan portfolio by the end of 2016. ...
Kun Kourchettana
http://www.phnompenhpost.com/business/fasmec-mfi-enters-lending-market
Steng Treng community accuses forest and local officers of not protect forests
Steng Treng’s forestry protection communities called on the government and relevant institutions to investigate the irregularities of duty of the local authorities and Stung Treng provincial forestry officers who did not pay attention to local forest conservation, also enable logger to encroach land arbitrarily. ...
Men Sothy
http://www.rfa.org/khmer/news/environment/illegal-logging-in-stungstreng-02072016000919.html
Forum on financing to be held in Phnom Penh
Five international financial institutions will join forces with the National Bank of Cambodia (NBC) to hold the 1st Mekong Financial Inclusion Forum in Phnom Penh in July to explore and discuss the differences, similarities and opportunities for achieving financial inclusion in this unique region. ...
May Kunmakara
http://www.khmertimeskh.com/news/24603/forum-on-financing-to-be-held-in-phnom-penh/
Smart moves on tech education
Telecom operator Smart Axiata Co. Ltd. and the Ministry of Posts and Telecommunications yesterday signed a memorandum of understanding that will see Smart donate more than $320,000 to build a facility for students at the National Institute of Post, Telecom & ICT (NIPTICT). ...
Sok Chan
http://www.khmertimeskh.com/news/21597/smart-moves-on-tech-education/
Tea Banh’s sons given top gov’t jobs
As the government fends off continued accusations of nepotism within its institutions, a royal decree issued in early March revealed the appointment of four official assistants to four-star general and deputy prime minister Tea Banh, two of whom are the general’s own sons. ...
May Titthara
http://www.khmertimeskh.com/news/24491/tea-banh---s-sons-given-top-gov---t-jobs/
IFC banking on smart graduates
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth. ...
Sum Manet
http://www.khmertimeskh.com/news/25667/ifc-banking-on-smart-graduates/
Petroleum law a step closer
The Ministry of Mines and Energy (MME) yesterday sent the newly-drafted petroleum law to civil society organizations and other partner institutions working in the extractive sector for consultations before submitting it to the Council of Ministers for approval by the end of this year. ...
Sok Chan
http://www.khmertimeskh.com/news/27469/petroleum-law-a-step-closer/
Central Bank puts 40B riel up for bid in LPCO
The National Bank of Cambodia (NBC) yesterday held its second Liquidity-Providing Collateralised Operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 8.4 billion riel ($2.07 million). ...
Post Staff
http://www.phnompenhpost.com/business/central-bank-puts-40b-riel-bid-lpco
Interbank lending gains traction
The central bank’s efforts to foster development of an interbank lending market appears to be taking off as the demand for negotiable certificates of deposits (NCDs) increased sharply last year, with the financial tool seeing wider usage among the Kingdom’s financial institutions. ...
Hor Kimsay
http://www.phnompenhpost.com/business/interbank-lending-gains-traction
Sok An’s roles distributed: PM
Prime Minister Hun Sen announced yesterday that some institutions under the control of the late Deputy Prime Minister Sok An, who was also head of the Council of Ministers, are being moved to relevant ministries, refuting the comments an official had made the day before. ...
May Titthara
http://www.khmertimeskh.com/news/36797/sok-an---s-roles-distributed--pm/
Banking sector firms up its foundations
Cambodia’s banking sector enjoyed another strong performance last year as the Kingdom’s economy continued to expand, with banking credit moderating, deposits increasing and financial institutions remaining healthy as they further integrate into the global economy, the central bank said in its annual report yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/banking-sector-firms-its-foundations
More evictees may have recourse through IFC
Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...
Zsombor Peter
https://www.cambodiadaily.com/news/evictees-may-recourse-ifc-119213/
Microlenders refuse to apply prescribed VAT
The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microlenders-refuse-apply-prescribed-vat
Open economy needs new strategy for regional integration
Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/open-economy-needs-new-strategy-for-regional-integration-71127/