The Phnom Penh Post
Fintech potential still untapped
Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...
New regional platform to develop tourism companies
The Mekong Business Initiative will launch a new platform next month aimed at developing startups in the tourism sector throughout the CLMV region, which includes Cambodia, Laos, Myanmar and Vietnam, a program organiser said on January 31. MBI, a program launched by the Asian Development ...
Ministry issues measures meant to counter wildfires
The Ministry of Agriculture, Forests and Fisheries on January 30 signed off on a list of seven measures intended to guard against forest fires, although details on implementation remained scarce on January 31 and observers said they expected little to come of the new document. The ...
Khmer Krom ethnic group denied many rights: report
While Cambodia in theory offers full citizenship to members of its Khmer Krom minority, in practise, many members of the community remain in a legal shadowland, unable to access a wide range of rights, a new report released yesterday shows. Despite a professed open-door policy ...
NEC ends complaint review
The National Election Committee on January 26 said it had wrapped its 11-day review of complaints alleging that foreigners had registered for the provisional voter list, finding just two of the 142 suits of complaints worthy of further investigation. The 142 separate complaints raised questions about ...
Solar pegged for urban expansion
Solar power has always been an easier sell in sun-drenched rural Cambodia, where millions of villagers live beyond the reach of electrical grids and those with connections face tariffs up to a staggering 3,000-riel per kilowatt hour. Declining prices of solar technology and a growing ...
Parents of trafficking victims testify in Thailand
Chab Sanna, 67, on January 26 told a courtroom how her three sons had been lured from their Svay Rieng province home in search of work abroad only to be trafficked into a life of near-slavery on a Thai fishing vessel. It’s an all-too-familiar tale, though ...
Canadian bank satisfied with local aquisition
National Bank of Canada saw strong growth on its investment in Advanced Bank of Asia Ltd (ABA Bank) after taking a 90 percent stake in the Cambodia-based lender last May, a banking executive said on January 25. “I am very satisfied with the performance of ...
Kingdom slips in TI’s graft index
For the fourth year in a row, Transparency International has rated Cambodia the country perceived as ASEAN’s most corrupt, and just ahead of North Korea and Afghanistan for the entire Asia-Pacific region. The 2016 Corruption Perceptions Index, which scores and ranks 176 countries and territories ...
A ripe market for avocados
Avocados have never been a big part of the Khmer diet, making infrequent appearances in dessert dishes or drenched in condensed milk as a smoothie. But a small local market for the green pear-shaped fruit is forming, and experts say it could be a profitable ...