The Council of Ministers on Friday approved a draft law amending three articles in the law on anti-money laundering and the financing of terrorism in order to make Cambodia more investment-friendly. Last month, the National Bank of Cambodia’s Financial Intelligence Unit (FIU), law enforcement officials ...

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...

The Government of Cambodia and the Asian Development Bank (ADB) on Monday signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector, an ADB’s statement said. Signed by Cambodian Deputy Prime Minister and Finance Minister Keat Chhon ...

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

Local entrepreneur Ki Chong Tran believes he has the solution to many of Cambodia’s problems. On March 1, Tran submitted what he described as a “long-held weight off his chest” – a six-page proposal to the New York-based Bitcoin Foundation outlining all the ways the ...

The Asian Development Bank (ADB) has approved a $70 million loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products such as cassava, cashews, mangoes, vegetables, and poultry. ...

Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...

Asian Development Bank (ADB) has approved a $ 82 million loan to improve 48 km of national and provincial roads in Prey Veng and Kandal provinces to promote economic development through the Greater Mekong Subregion Economic Corridor.   ...

The Asian Development Bank (ADB) approved tow grants worth $6.8 million to assist in the recovery of Cambodia and strengthen the rice supply chain in the country which, like other sectors, was also affected by the Covid-19. ...

Six projects worth $361.4 million have been signed in order to boost science, technology, engineering, and mathematics (STEM) education, and other sectors in Cambodia. ...

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

A $70 million loan from the Asian Development Bank (ADB) will be utilised to aid the STEM (Science, technology, engineering, and mathematics) education nationwide in the upper secondary level. ...

The Ministry of Economy and Finance will organize its first ever ‘Fintech Stage’ exhibition in Cambodia to promote the digital economy. The Fintech Stage will join the Cambodia Tech Expo 2022, to be held from November 11-13 at the Koh Pich Convention and Exhibition Centre. ...

The state-owned power utility is set to undertake a nationwide study on ways to harness an additional 2GW capacity of solar energy proposed by a regional lender, in a pilot project expected to spur up to $100 million in investments that aims to illustrate how ...

The Asian Development Bank last year committed support to Cambodia in several important sectors, including coastal, marine fisheries, power and livestock value chain. ...

Cambodia could potentially benefit from a $20.5 billion financial package for the Asia-Pacific committed by the Asian Development Bank (ADB), and use the funds to support its post-Covid-19 economic recovery, as extreme weather events compounded by a worsening regional food crisis and the still-ongoing Ukraine ...

A delegation of the Ministry of Water Resources and Meteorology and the Asian Development Bank (ADB) on March 4 inspected the Kamping Puoy reservoir irrigation improvement project in Battambang province. ...

Cambodia and the Asian Development Bank (ADB) recently held a meeting to discuss their ongoing engagement and strategic priorities for the future, with a particular focus on the energy sector. ...

The first plenary session of the new Council of Ministers under the leadership of Prime Minister Hun Manet has approved the Pentagonal Strategy-Phase 1 on August 24, 2023, to unleash a host of economic activities to be implemented to transform Cambodia into a high-income economy ...

The Minister of Water Resources and Meteorology received a senior World Bank delegation to exchange lessons learned from on-going water and irrigation projects to improve the implementation of a new one. ...