News

The rapid growth in the number of Cambodians using mobile money services to transfer remittances is a positive step towards greater financial inclusion, and is serving as a gateway to financial services for the largely unbanked rural population, experts said yesterday. ...

The rapid growth of tourism has resulted in the parallel growth of tourist facilities, Tourism Minister Thong Khun said yesterday. ...

The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud.     ...

An archaeological dig at the ancient capital of Angkor Thom started on Monday in search of metal tools from the Kingdom’s Angkorian era. The École Française d’Extrême-Orient (EFEO), a French institute dedicated to the study of Asian societies, started the dig in cooperation with the ...

Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday.    ...

The newest U.S. ambassador to Cambodia is visiting Long Beach, which is home to the largest population of Cambodians outside their native country – many of whom are still connected to their homeland.   ...

More than 100 striking workers at the Vanny Bio-Research company in Pursat town agreed to go back to work yesterday after mediators promised to find an adequate resolution to their demands for a wage hike. The company breeds and cares for 30,000-40,000 monkeys they sell to ...

Clients of microfinance institutions (MFIs) in the Kingdom can now expect some form of protection from over-indebtedness that arises from their inability to meet their financial obligations on time as agreed in a credit agreement. ...

Branchless banking, including mobile banking, is one of the hottest trends in Cambodia’s microfinance industry, helping financial institutions deliver their products conveniently and affordably to people living in rural areas, industry insiders said yesterday.   ...

At least three garment workers were hospitalized yesterday after a ceiling collapsed at a garment factory in Kampong Chhnang town, according to officials. ...

Women’s inclusion and empowerment in Cambodia’s burgeoning financial sector is crucial for the Kingdom’s economic growth, said delegates yesterday at a regional economic forum. ...

The first comprehensive survey of the accessibility and usage of Cambodian financial services found that only 17 per cent of the Kingdom’s adult population is banked, with poor access to financial services among the key impediments to financial inclusion of those living in rural areas. ...

Revenue collected by the customs and excise department jumped nearly 20 per cent during the first six months of the year, compared with the same period a year earlier, figures released yesterday show. ...

The National Election Committee yesterday released a monthly meeting schedule with the European and Japanese embassies in a bid to ensure the voter-registration process, due to begin September 1, will go smoothly.   ...

For years, archaeologists excavating pre-Angkorian sites in Banteay Meanchey province unsuccessfully attempted to stop the looting of the area’s temples and buried treasures.   ...

Upgrades to National Road 1 are expected to be completed by March 2017, according to the Ministry of Public Works and Transport. ...

A prominent pediatrician announced on Sunday that the use of the Bacille Calmette-Huerin (BCG) vaccination for tuberculosis was not only ineffective, but could prolong suffering for children with the disease. Doctor Beat Richner, the founder of the Kantha Bopha Hospitals, took to Facebook on Sunday, ...

A $9 million grant to promote government accountability in Cambodia and strengthen nongovernmental groups across the country was announced on Tuesday by the U.S. Agency for International Development (USAID).   ...

A study of drinking water sources in Kandal province found widespread contamination from human excrement, posing a health risk to residents that likely mirrors the situation across Cambodia, the authors say.   ...

The Ministry of Commerce yesterday announced it was lowering the price ceiling on gasoline sold at retail petrol stations across the Kingdom between July 12 and 21 after the latest scheduled recalculation of fuel caps.   ...

The disgraced former director of Koh Kong’s provincial agriculture department will not be prosecuted despite admitting to profiting from the illegal sale of state land, Agriculture Minister Veng Sakhon said on Monday.   ...

Prime Minister Hun Sen will leave for Ulaanbaatar, Mongolia this week for the two-day Asia-Europe Meeting (ASEM) summit starting on July 15. ...

Banking industry insiders expressed concern yesterday over a spike in the amount of delinquent debts reported by microfinance institutions (MFIs) across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. ...

A new road linking Pailin province to the coastal province of Koh Kong has been planned, according to the Ministry of Public Works and Transportation, aimed at helping agricultural products from the northern provinces reach sea ports quicker.    ...