Central bank poised to auction off 90B riel on July 25
The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...
May Kunmakara
https://www.phnompenhpost.com/business/central-bank-poised-auction-90b-riel-july-25
ADB approves $50 mln loan to improve Cambodia’s financial management
The Asian Development Bank (ADB) on Friday said it has approved a $50-million policy-based loan to support Cambodia in improving its public financial management (PFM) systems. ...
Khmer Times Staff
https://www.khmertimeskh.com/501397705/adb-approves-50-mln-loan-to-improve-cambodias-financial-management/
Cambodia’s Bakong surpasses 10 million accounts
Cambodia’s version of a central bank digital currency (CBDC) and online banking and mobile payments app, Bakong, has seen its adoption levels grow in leaps and bounds to surpass 10 million accounts. ...
Khmer Times Staff
https://www.khmertimeskh.com/501415657/cambodias-bakong-surpasses-10-million-accounts/
NBC calls for more salary payments in Riel
The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...
James Whitehead
https://www.khmertimeskh.com/501465505/nbc-calls-for-more-salary-payments-in-riel/
Cambodia’s economy expected to grow 6.4 pct in 2024
The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea Serey said on Friday. ...
Xinhua
https://www.khmertimeskh.com/501430154/cambodias-economy-expected-to-grow-6-4-pct-in-2024/
$5 billion ADB replenishment agreed for most vulnerable countries
Donors and the Asian Development Bank (ADB) have agreed to replenish $5 billion for its Asian Development Fund (ADF) and its Technical Assistance Special Fund. ...
Khmer Times Staff
https://www.khmertimeskh.com/501483069/5-billion-adb-replenishment-agreed-for-most-vulnerable-countries/
ADB commits $1.26 bln to support Cambodia’s development for 5 years
The Asian Development Bank (ADB) announced in a news release on Wednesday that it has committed approximately $1.26 billion to support the Cambodian government from 2024 to 2028. ...
Khmer Times Staff
https://www.khmertimeskh.com/501505346/adb-commits-1-26-bln-to-support-cambodias-development-for-5-years/
ADB contributes $4.8 billion to Cambodia’s development since 1970
The Asian Development Bank (ADB) has provided approximately $4.8 billion for 207 development activities in Cambodia as of December 31, 2023, significantly contributing to the country’s socio-economic progress since its first loan in 1970. ...
Hong Raksmey
https://www.phnompenhpost.com/national/adb-contributes-4-8-billion-to-cambodia-s-development-since-1970
The National Bank of Cambodia reviews measures of housing prices
The Asian Development Bank forecast last month that Cambodia would have one of the lowest inflation rates in Southeast Asia this year if global fuel prices remain stable. ...
Credit cards in Cambodia grow 20 percent in 2023
Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. ...
Rachel David
https://www.khmertimeskh.com/501539693/credit-cards-in-cambodia-grow-20-percent-in-2023/
Minister seeks continued ADB support to combat climate change
Minister of Water Resources and Meteorology Thor Chetha requested the Asian Development Bank (ADB) to continue investing in water resources management and meteorology systems to combat climate change and natural disasters. ...
Ry Sochan
https://www.phnompenhpost.com/national/minister-seeks-continued-adb-support-to-combat-climate-change
SERC, CGCC sign pact to promote issuance of guaranteed bonds
The Securities and Exchange Regulator of Cambodia (SERC) and Credit Guarantee Corporation of Cambodia Friday partnered to promote the issuance of guarantee bonds. ...
Chea Vanyuth
https://www.khmertimeskh.com/501551172/serc-cgcc-sign-pact-to-promote-issuance-of-guaranteed-bonds/
Fit for the future
As Cambodia continues to develop, information technology skills are increasingly in demand, especially as the government seeks to diversify the economy and bring in companies which will need staff with strong high-tech skills. To that end, last month the Royal University of Phnom Penh (RUPP), in cooperation with the Cisco ...
Of Fish, Monsoons and the Future
As the sun rises on Tonle Sap Lake, fishermen head out from floating villages like this one, past half-submerged mangroves and flooded shrub land, to check their nets, much as they have for centuries. Every year, the lake yields about 300,000 tons of fish, making it ...
Chris Berdik
http://www.nytimes.com/2014/06/10/science/of-fish-monsoons-and-the-future.html?_r=2
ADB cites weaknesses of microfinance sector
THE PHILIPPINES is one of the leading countries in microfinance policy and regulation in Asia but it still lags in terms of scale and reach to the poor, the Asian Development Bank (ADB) said. “Of the 21 countries with ADB support during 2000-2010, ADB’s efforts were ...
Vietnamese equity fund to open in Cambodia
Dragon Capital, a Vietnam-based private equity firm, has announced that it is planning to launch a fund in Cambodia next year, the second such fund to be announced by a Vietnamese company this year. The firm’s CEO, Dominic Scriven, said that the initial fund would close ...
Cambodia targets de-dollarisation, crisis prevention
Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...
KR Bank Official Quizzed Over Disappearances
On his second day of questioning by prosecutors at the Khmer Rouge tribunal yesterday, the deputy director of the foreign commerce bank during the Pol Pot regime, Sar Kim Lomouth, said he feared for his safety following the purging of several superiors at the Ministry ...
Commune officials to solve factory disputes
In response to a growing number of strikes in the country’s highly profitable garment sector, the government trained 15 handpicked commune officials yesterday to mediate and resolve factory disputes. The training was designed to teach commune councillors to defuse and resolve conflict, Buth Ji, director of ...
Phak Seangly
http://www.phnompenhpost.com/national/commune-officials-solve-factory-disputes
Fine arts university relocation sparks concerns
A plan to move Cambodia’s oldest fine arts college is sparking concern among teachers, students and artists. Established in 1918, the university is considered the primary center of arts and culture education in Cambodia. ...
Socheata Hean and Sun Sokhen
http://www.voacambodia.com/content/fine-arts-university-relocation-sparks-concerns/2934383.html
