Payment in riel grew faster than US dollar through Bakong
The amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system ...
Kang Sothear
https://www.khmertimeskh.com/501276160/payment-in-riel-grew-faster-than-us-dollar-through-bakong-2/
Press release – prakas on credit risk for capital adequacy ratios in deposit-taking banks and financial institutions of national bank of cambodia
On 03 July 2023, the Credit Guarantee Corporation of Cambodia has posted a press release on prakas on credit risk for capital adequacy ratios in deposit-taking banks and financial institutions of national bank of cambodia on their official website.According to the press release, the purpose ...
Credit Guarantee Corporation of Cambodia
Economy to grow 5.5% in 2023, says NBC
Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...
Mao Sreypich
https://kiripost.com/stories/national-bank-cambodia-economy-to-grow-5-point-5-2023
Chinese yuan not to be legalized in Cambodia, NBC confirms
The agreement between the National Bank of Cambodia (NBC) and UnionPay International is not to legalize the Chinese currency in the nation but rather to raise the prestige of the Khmer riel through cross-border QR payments, NBC’s deputy governor-general confirmed after concerns were raised over ...
Mao Sreypich
https://kiripost.com/stories/nbc-chea-serey-chinese-yuan-not-to-be-legalized-in-cambodia
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/
World Bank supports Cambodia's higher education with $80M project
The World Bank has approved $80 million in funding to enhance the quality of higher education in Cambodia, with a particular focus on science, technology, engineering and mathematics (STEM). ...
Post Staff
https://www.phnompenhpost.com/national/world-bank-supports-cambodia-s-higher-education-with-80m-project
Workshop celebrates financial literacy initiative
A workshop highlighting the outcomes of the “Strengthen Safe Finance in Communities” project was held in Phnom Penh yesterday, on October 8. It brought together key stakeholders from Cambodia’s banking, microfinance, and financial oversight institutions. This initiative, designed to promote financial literacy and consumer protection, ...
Hong Raksmey
https://www.phnompenhpost.com/business/workshop-celebrates-financial-literacy-initiative
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
