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Siem Reap sees strong gains

Commercial property prices and rents in Siem Reap have increased by 10 to 20 per cent in the last year, according to the town’s newest real estate agency. Cambodia Properties Limited (CPL) opened its first Siem Reap branch three months ago, recognising a need for sound ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-sees-strong-gains.html

Silver coins for ASEAN

The National Bank of Cambodia (NBC), or Central Bank, has issued ASEAN Commemorative Coins to mark the establishment of the ASEAN Community on December 31, according to its statement on Friday. ...

Xinhua team
http://www.khmertimeskh.com/news/18905/silver-coins-for-asean/

Fake beer destroyed

Authorities destroyed nearly 1,000 boxes of counterfeit beer yesterday following earlier raids sparked by a complaint filed by the sole distributor of the brand name beer. ...

Khuon Narim
http://www.khmertimeskh.com/5075187/fake-beer-destroyed/

Riel effort to help local currency

The governor of the National Bank of Cambodia, the nation’s central bank, Chea Chanto, has opened his heart about the future of the domestic currency and the dollar. ...

Khmer Times Staff
https://www.khmertimeskh.com/50709853/riel-effort-to-help-local-currency/

Loss of Forest in Cambodia Among Worst in the World

Cambodia lost more than 7 percent of its forest cover over the past 12 years—the fifth fastest rate in the world—according to a new study of global forest cover change that sharply contradicts the government’s own rosier figures. Published Friday in the journal Science and led ...

Zsombor Peter
http://www.cambodiadaily.com/news/loss-of-forest-in-cambodia-among-worst-in-the-world-47259/

Derivatives licensing capped by regulator

Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...

Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator

Railway residents told to stay calm over expressway

Uncertain residents who have protested the lack of information surrounding a planned elevated toll road linking central Phnom Penh and the airport were yesterday urged to remain calm as authorities work out a “solution” for those affected. ...

Chhay Channyda
http://www.phnompenhpost.com/national/railway-residents-told-stay-calm-over-expressway

Two more banks setting up shop

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega International ...

http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html

Cambodia to strengthen ASEAN’s central role as Chair 2022: FM

Cambodia will strengthen ASEAN’s central role so as to maintain peace, security and prosperity as Chair of ASEAN for 2022, Cambodian Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn said on December 29. ...

Khmer Times Staff
https://www.khmertimeskh.com/50998304/cambodia-to-strengthen-aseans-central-role-as-chair-2022-fm/

PM calls for more improvement of higher education quality

Prime Minister Hun Sen urged relevant institutions, especially the Ministry of Education, Youth and Sports (MoEYS) to further enhance the quality of higher education, particularly the doctorate degree. ...

Khmer Times Staff
https://www.khmertimeskh.com/501299546/pm-calls-for-more-improvement-of-higher-education-quality/

Current assets in Cambodia's banking system rise to 25.6 bln USD by June

Current assets in Cambodia’s banking and financial institutions had risen to 25.6 billion U.S. dollars by June 2016, an increase of 21.3 percent in the last 12 months, according to the biannual report of the National Bank of Cambodia (NBC), or the central bank, on ...

XINHUA
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=332556

NBC tests mechanism to link Kingdom’s major banks

The central bank officially held a soft launch last Friday for its central shared switch mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-tests-mechanism-link-kingdoms-major-banks

New rules for digital payments

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments

NBC injected $139 million to stabilise riel in 2023

The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501431035/nbc-injected-139-million-to-stabilise-riel-in-2023/

Inflow of FDI up in first half

The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...

Hor Kimsay
https://www.phnompenhpost.com/business/inflow-fdi-first-half

Cambodia earns $2 bn from its casino annually

Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...

Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-earns-2-bn-from-its-casinos-annually-115093000332_1.html

Cambodia aims to reduce dollarization

Cambodia has designed strategies to give riel (local currency) a boost so as to reduce dollarization, which represents about 80 percent of the currencies circulated in the country, the Central Bank’s senior officials said Tuesday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/29/c_134672213.htm

BOC Phnom Penh Branch authorized as RMB clearing bank

China’s central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501406842/boc-phnom-penh-branch-authorized-as-rmb-clearing-bank/

Finance curriculum to be in schools by 2019

The central bank announced yesterday that it was close to finalising a new academic curriculum to promote financial literacy with the aim of incorporating it into schools nationwide by the start of the 2019 academic year. ...

Hor Kimsay
http://www.phnompenhpost.com/business/finance-curriculum-be-schools-2019

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