Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - The tontine way

The tontine way

The tontine way


Villagers in Boeung Kak district in Phnom Penh, cast their bids for another round of tontine, an informal banking system that remains popular throughout Cambodia, despite the rise of a legitimate finance sector. Simply put, participants contribute a fixed amount of money to a communal pot, but bid against each other to see who gets to withdraw the total at the end of each monthly round. In the absence of banks, tontine has allowed generations of Cambodians to have access to ready cash. “I would rather save money with a credit union than a bank because it pays a higher return than a bank,” said Kong Chantha. “I was able to get money from tontine to pay my son’s and daughter’s university fees,” she said.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which