Kiripost

Small business loans are dominating banks’ loan balances, with the average borrower in Cambodia lending between $2,800 and $9,600 – a 250 percent increase. ...

The government will launch a social protection scheme to give cash to those impacted by rising inflation. ...

Five hundred underprivileged Cambodian kids are being given the chance to expand their education with free access to a fun math digital learning tool provided by the charity of Israel to Cambodia. ...

The Entrepreneurship Development Fund (EDF) held a workshop last Thursday to discuss “preliminary findings and to gather input on challenges and policy for startups and SMEs investment aspects” in Cambodia. ...

Cambodia’s income tax revenue has grown to $250 million a month as the private sector continues to grow, according to Prime Minister Hun Sen. ...

The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...

A new law on taxation that has been in draft for seven years is expected to be approved by parliament at the end of the year as part of efforts to bolster the government’s tax collection process. ...

Cambodia is slated to receive 70 percent of revenue from crude oil that was stolen by a tanker after a dispute with Singapore’s KrisEnergy which abandoned an offshore oil block off Cambodian waters. ...

The Korean National Assembly has ratified a free trade agreement with Cambodia that will boost the Kingdom’s exports in a raft of areas. ...

As Cambodia navigates a post-pandemic world, international tourist arrivals lag with 1.5m to 2m tourists predicted for 2022. This is estimated to rise to pre-Covid levels of 7m by 2026. ...

The International Monetary fund has predicted inflation in Cambodia will peak this year due to global pressures, weakened export orders, and a slowing real estate market, before falling from 2023 onwards. ...

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

Associations of Banks and Microfinance Institutions signed a Memorandum of Understanding on Monday with a FinTech federation to promote financial literacy and inclusion as part of a move towards greater digital adoption. ...

The Minister of Interior said the government has plowed billions of dollars into transforming Sihanoukville into an attractive tourism destination while attracting foreign investment as authorities continue to carry out raids for suspected kidnapping and trafficking. ...

The Laboratory of Environment and Food Safety (LEFS) at Institut Pasteur du Cambodge (IPC), is now accredited for food microbiology testing, enabling it to further assist food processing businesses to identify potential food safety hazards and improve the safety and quality of food products. ...

Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...

Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities. ...

Students from Liger Leadership Academy are gearing up to launch a book on Cambodia’s economy after two years of research. ...

Meth Monthary, initiator of the ‘Initiative for Urban’ project, has gone from being a college student majoring in Architecture with knowledge of urbanization to launching a project regarding urban development and real estate after realizing that home gardening for eco-housing plays a key role in ...

Authorities have urged the private sector to invest in electric vehicle (EV) power stations and called on Cambodians to switch to electric vehicles to cut costs and become more environmentally friendly. ...

As more Cambodians tap into the benefits of mobile banking, the Ministry of Economy and Finance is preparing to host a workshop to address the role of the banking sector and FinTech in Cambodia’s digital economy. ...

WWF Cambodia has launched a $1 million project to support post-Covid recovery and the development of sustainable tourism in Cambodia by introducing solar and cooling systems to the sector. ...

PATHMAZING Inc, a Cambodian company-led consortium, has been given full rights to provide Games Management system “GMS” and act as a one window service to raise funds for the Southeast East Asian Games 2023, which Cambodia is gearing up to host for the first time. ...

Public and private schools in Phnom Penh have been ordered to shut for three days from November 10 to 12 to reduce traffic in the capital to pave the way for VIP convoys during the upcoming ASEAN summit. ...