News
Rice standards run out of steam
The government is seeking funding to complete its effort to draft standards for 11 local varieties of rice as part of an initiative aimed at facilitating efforts to market Cambodia’s most important agricultural crop, a government official said on November 6. Chheng Uddara, a department ...
Gov’t to borrow over $1B this year: report
The government expects to borrow nearly $1 billion from external creditors this year, primarily for infrastructure development, pushing the national debt over $6 billion, according to a report issued on November 4 by the Ministry of Economy and Finance. About a third of this amount, some ...
IMF urges more efforts to cool rapid credit growth
Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and more adequate assessments of loan defaults in at-risk sectors, the International Monetary Fund said in its latest Article IV ...
Local MFI relaunched after South Korean buyout
Cambodia’s booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders. The Seoul-based Welcome Financial Group announced on November 4 that it had acquired the full shareholding of Green Central ...
UXO caches uncovered in both Kandal, Pailin
Caches of unexploded ordnance were recovered in both Pailin and Kandal provinces on November 5 in what was a busy weekend for the Cambodian Mine Action Centre. Twelve DK-82 mortar rounds and two B-41 rocket-propelled grenades were unearthed by canal workers digging behind the Pailin ...
Flooded schools miss first classes in capital
Three schools in Phnom Penh’s Dangkor district failed to open for the first day of the school year due to residual flooding from the Prek Thnout River, Ministry of Education spokesman Ros Salin said on November 3. All schools nationwide were meant to begin classes ...
Better aim for online marketing
Engaging online content and more targeted social media outreach are major keys for commercial success in Cambodia, whose youthful population has been identified as the world’s most receptive to social media advertising and content, a market researcher said on November 3. Eelco Dijkhuizen, general manager ...
Spectrum licences up for grabs
The government announced on November 2 that it will hold its first public auction for 4G spectrum frequencies, with two licences up for bid on frequencies reassigned after their original licence-holders failed to utilise them. The two licences cover the 800 MHz and 2600 MHz band ...
Emerald hopes to draw first gold by end of 2018
Australian mining firm Emerald Resources expects to complete a definitive feasibility study for its Okvau gold project in Mondulkiri province by early next year, with gold production to commence by the end of 2018, according to an investor presentation released on November 2.Keep reading ...
Bancassurance has room to grow
The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry specialists said during a conference in Phnom Penh on November 2. Robert Elliott, CEO of Manulife, said during a panel discussion that rising ...
