Government Amends Anti-Money Laundering Law
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 ...
Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy
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 ...
ADB lends 70 mln USD to Cambodia for rice commercialization, finance reforms
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 ...
Xinhua News Staff
http://www.globaltimes.cn/content/806367.shtml#.UhsAYtKBmN8
Malaysian company selling its local bank
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 ...
Daniel de Carteret
http://www.phnompenhpost.com/business/malaysian-company-selling-its-local-bank
Bitcoin enthusiast eyes Cambodia
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 ...
Eddie Morton
http://www.phnompenhpost.com/business/bitcoin-enthusiast-eyes-cambodia
ADB approves $70 million loan to strengthen agricultural value chain and food safety in Cambodia
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. ...
Exclusive ADB may offer more than $1.5b in new funding
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. ...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/
ADB lends $ 82 million to improve national roads in two provinces to boost economic development
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. ...
Ry Sochan
https://www.postkhmer.com/national/2021-09-30-0955-224438.html
ADB provides $6.8 million to boost tourism sector and rice production in Cambodia
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501016405/adb-provides-6-8-million-to-boost-tourism-sector-and-rice-production-in-cambodia/
ADB funds $361.4m for six projects in Cambodia
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. ...
Mao Sreypich
https://kiripost.com/stories/adb-funds-3614m-for-six-projects-in-cambodia
WB allots $274M for recovery
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/wb-allots-274m-recovery
$70million will be spend on STEM education nationwide
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. ...
Yim Sreylin
https://www.khmertimeskh.com/501180995/70million-will-be-spend-on-stem-education-nationwide/
Financial Technology exhibit on way
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. ...
Ry Sochan
https://www.phnompenhpost.com/business/financial-technology-exhibit-way
ADB mandate inked for 2GW of solar
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-mandate-inked-2gw-solar
ADB supported crucial Cambodia sectors in 2022
The Asian Development Bank last year committed support to Cambodia in several important sectors, including coastal, marine fisheries, power and livestock value chain. ...
Adur Pradeep
https://www.khmertimeskh.com/501278623/adb-supported-crucial-cambodia-sectors-in-2022/
ADB offers Covid recovery package
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-offers-covid-recovery-package
Kamping Puoy reservoir irrigation working well
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. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/kamping-puoy-reservoir-irrigation-working-well
ADB and Cambodia set priority areas for energy sector partnership
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501386794/adb-and-cambodia-set-priority-areas-for-energy-sector-partnership/
NBC policies in line with Pentagonal Strategy
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 ...
Khmer Times Staff
https://www.khmertimeskh.com/501377575/nbc-policies-in-line-with-pentagonal-strategy/
Minister, World Bank discuss active and new water projects
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501459832/minister-world-bank-discuss-active-and-new-water-projects/