Two More Set Schools Could Close

9 March 2012
The Cambodia Daily
Education and training / Education policy and administration / Primary and secondary education / Siem Reap / Social development
Banteay Meanchey / Battambang / education / Education Ministry / Kampot / Kompong Cham / Kompong Chhnang / Phnom Penh / Pursat / SET international / SI / Siem Reap / Svay Rieng / Takeo

Eight SET international (SI) schools have closed nationwide over the past two months because of financial problems, and the remaining two schools in Phnom Penh and Kompong Chhnang provinces also appear poised to shut their doors soon, a Ministry of Education official said. The abrupt closings – in Siem Reap, Kampot, Svay Rieng, Battambang, Pursat, Banteay Meanchey, Kompong Cham and Takeo provinces – occurred because their parent company is bankrupt, a Ministry of Education official said. … Currently, applicants wishing to open a school in Cambodia must present bank reciepts, but Mr. Sida said Education Ministry officials are discussing the creation of a law that would require banks to hold a portion of a school’s finances in reserve for just such situations. …