Khmer Times

Sathapana Microfinance Plc, one of the largest in Cambodia, will officially transform itself into a commercial bank late next month, a move in line with Japanese-owned Maruhan Bank acquiring a 95.1 percent stake in 2012. ...

Cambodia is closely watching the situation of yellow fever virus, though the country has not seen any case of the virus, said a joint statement from the Health Ministry and the World Health Organization on Wednesday. ...

Amret Microfinance Institution, one of the largest in Cambodia’s crowded market, yesterday announced it had received an A- rating from independent rating agency Microfinanza, which is based in Italy, for improving its operation and for its strong performance over the past year. ...

A new study suggests that “emanators” that slowly release chemical vapors over time could be an effective way to keep mosquitoes at bay, even when people cannot shelter under mosquito nets. ...

With global oil prices down and a devalued United States dollar, the price of gold has remained stable and has risen slightly while trade at gold shops has been steady, a gold shop owner said yesterday. ...

Cambodia’s largest duty-free outlet opened yesterday in Siem Reap, aiming to service the growing market in the Kingdom’s tourism capital. ...

The National Police have sent a proposal letter to Interior Minister Sar Kheng, asking him to stop customs officials from fining or confiscating vehicles with police license plates after five police vehicles were stopped and forced to pay an import tax last year, causing an ...

The market for new cars in steadily increasing in the Kingdom, with more dealers and representatives setting up outlets, while the sale of used vehicles is also on the rise. ...

A Ministry of Interior report showed that the ministry used about 7.7 million liters of fuel in 2015, representing an increase of more than one million liters if compared to 2014. ...

Almost every province in Cambodia is facing some level of drought, according to director of the Meteorology Department at the Ministry of Water Resources and Meteorology Oum Ryna, but only a few provinces were facing a severe shortage of water. ...

Cambodia’s first factory to process leather from pig skin will open this year and will supply products to the European market, but local pig skin will not be used. ...

Work started yesterday on Cambodia’s largest and most modern cement plant, which will be built in Kampot province with an investment of $262 million by Chip Mong Insee Cement. ...

Japan agreed to provide Cambodia with a $181 million loan yesterday to help the renovation of National Road 5 linking Phnom Penh to Poipet, to help expand the Japanese Bridge and to assist in demining operations throughout the Kingdom. ...

Prime Minister Hun Sen used a forum on public financial management reform yesterday to defend his dramatically announced Cabinet reshuffle last week from criticism that it was trivial in substance. ...

After getting the rights to develop Koh Rong island in 2008, the Royal Group started clearing land last year in preparation for the construction of its luxury Royal Sands resort. ...

Singapore-based oil and gas firm KrisEnergy has not responded to inquiries from the government on when it will start work on the offshore field it has the rights to in the Gulf of Thailand known as Block A. ...

Thirteen provinces across the country have finished harvesting their dry season rice and yields have increased on last year’s crop, but local millers and exporters are concerned about the bulk of the crop making its way to a neighboring country.   ...

Reforming public financial management will not be effective unless there are enough qualified human resources at ministries and institutions, the prime minister said yesterday. ...

Following more than two weeks of protests in front of their shuttered factory in Por Senchey district, more than 500 workers from Win Shingtex (Cambodia) Co. Ltd tried to march yesterday to the Ministry of Labor, the Council of Ministers and Prime Minister Hun Sen’s ...

A delegation of Cambodian officials will head to Thailand for three days this week for the 11th Cambodia-Thailand General Border Committee (GBC) meeting, which will focus on strengthening security and border development between both countries. ...

Cambodians who live abroad should be taking advantage of opportunities to invest in the Kingdom, despite the fact that skilled labor remains a problem, an advisor to the government said Friday. ...

Yon Kob’s cassava fields in Sala Krao district have usually been harvested by now, but this year the thicket of thin, knobby cassava plants is still standing. Mr. Kob has delayed his harvest in the hope that the price of the tuber would rise, but ...

Prince Finance Plc is moving to support the efforts of the National Bank of Cambodia (NBC) to promote the use of the riel by using the domestic currency in all transactions, fees, loans and staff salaries, the microfinance institution’s managing director, Hon Sorachana, told a ...

New regulations are to be bought in for the life insurance sector, which has grown from $60 million in 2014 to $80 million last year, according to a senior official from the Ministry of Economy and Finance.   ...