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. ...

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. ...

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. ...

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 ...

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. ...

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. ...

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. ...

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. ...

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. ...

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). ...

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. ...

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. ...

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. ...

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). ...

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. ...

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. ...

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. ...

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. ...

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. ...

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 ...