Prince Bank Plc unveiled its plan to promote financial literacy with its campaign called “Me and My Money”, a series of educational video clips to promote the concept of “earn, save, spend, and lend,” among Cambodian people.
Three years ago Cambodia embarked on a noble approach to inculcate good money habits among children by introducing the Cashville Kidz cartoon programme.
Apart from his culinary skills, chef Luu Meng says an important ingredient in his successful business is having acquired knowledge in financial literacy.
Cambodia’s financial sector development accelerated significantly in the past two decades from an asset size of 3,212 billion riels ($809 million) in 2001 to 166,352 billion riels ($41,402 million) in 2018.
In conjunction with the Financial Literacy Event, H.E Rath Sovannorak, Assistant Governor and Director General of Banking Supervision of the National Bank of Cambodia (NBC) told The Post the central bank’s plans to create a financia
Financial literacy rate is still quite low in Cambodia based on the fact that only a small percentage of the population in the country has a bank account with majority of the population as still unbanked, said Phillip Bank’s gener
A penchant for learning about the realities of business and financial responsibilities has made Keo Mom, Chief Executive Officer of LyLy Food Industry Co. a successful businessperson.
Financial literacy among women is a vital tool in empowering them to become an important income generating factor in Cambodia’s economy, said Lok Chumteav Chan Sovry, Secretary of State of Ministry of Women’s Affairs.
Consumers, the public and lawyers in Cambodia are not adequately equipped to deal with the increasing complexities of the banking and financial laws in the country.
The National Bank of Cambodia’s (NBC) legal department has advised consumers on the need to read the fine print as well as the terms and conditions of financial contracts they have entered into.