Home Cambodia Finance

Financial management begins with good staff: PM

Mar 22nd at 21:47
22-03-2016 21:47:58+07:00

Financial management begins with good staff: PM

Prime Minister Hun Sen stressed the importance of high-calibre human resources during the launch ceremony yesterday of the Public Financial Management Reform Program (PFMRP) – Stage 3.

“To increase the efficiency of the public financial sector and reforms, all ministries should promote leadership within their institutions . . . and motivate and provide opportunities for those who have the capacity to fulfil the duties,” he said.

The third stage of the PFMRP focuses on implementing budget-policy linkages aimed at transforming the input-based and centralised system public financial management system into a performance-based and decentralised system, he added.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Crop insurance takes root
FINANCE Mar 1st at 08:52

Crop insurance takes root

A pilot project that offers micro-insurance to help rice farmers cope with the risks of flooding and drought is looking to build on the success of its first season...

Mammoth year in Kingdom’s microfinance sector
FINANCE Feb 19th at 09:00

Mammoth year in Kingdom’s microfinance sector

Cambodia’s microfinance sector experienced another year of explosive growth, with both lending and deposits surging over 40 per cent in 2015, according to new data...

MEF sounds warning bell over credit growth risk
FINANCE Feb 19th at 08:57

MEF sounds warning bell over credit growth risk

The Ministry of Economy and Finance has raised concerns about the rapid growth of credit and real estate sectors, which it says could pose risks to Cambodia’s...

Banks to shift from growth to efficiency
FINANCE Feb 19th at 08:56

Banks to shift from growth to efficiency

Since its launch in 2005, ANZ Royal Bank has grown to become one of the top-end banks in Cambodia, and has increased its focus on core areas of e-banking, corporate...

French bank set to enter Kingdom
FINANCE Feb 18th at 08:55

French bank set to enter Kingdom

French bank BRED Banque Populaire – part of the second-largest banking group in France – will start commercial operations in Cambodia later this year, marking the...

IFC provides $50M to Amret micro-lender
FINANCE Feb 18th at 08:50

IFC provides $50M to Amret micro-lender

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending...

IFC offers Acleda Bank $50M for SME lending
FINANCE Feb 17th at 10:28

IFC offers Acleda Bank $50M for SME lending

The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at...

NBC wants tighter rein on bad cheques
FINANCE Feb 16th at 08:22

NBC wants tighter rein on bad cheques

The central bank has urged banks operating in the Kingdom to comply with the stipulated reporting standards on bad cheques.

Busan’s failure snares Camko bank
FINANCE Feb 12th at 20:52

Busan’s failure snares Camko bank

Camko Specialized Bank is attempting to sell a 100 per cent stake in the bank to comply with a South Korean court order to dilute the equity stake of its majority...

Banking on human resources
FINANCE Feb 12th at 20:50

Banking on human resources

Acleda Bank, Cambodia’s largest bank, is morphing its existing training centre into a full-fledged educational institution, after obtaining a licence last month...

Read More

MOST READ

Back To Top