The World Bank has officially approved the disbursement of $1 billion to develop priority sectors in Cambodia, the Ministry of Economy and Finance announced Monday. ...

The World Bank yesterday launched a new report highlighting the success of Cambodia’s economic development and issued comprehensive policy reform recommendations in order to sustain that growth.​ ...

Cross-border remittance transfers continue to rise despite slower growth in Asian economies as more Cambodians seek work abroad to support their families back home, an economist said yesterday, commenting on recent data.Worker remittances, which comprise personal transfers by migrant workers to their households back home, ...

Shinhan Bank announced on Dec. 23 that it has opened a new branch in Steng Min Chey, an emerging developing area in Phnom Penh, in order for Shinhan Khmer Bank, a subsidiary of Shinhan Bank in Cambodia, to accelerate its business in the country. ...

Cambodian farmers are eager to cultivate organic vegetables rather than rice, as not only do vegetables command higher prices, but they are also quicker to grow. According to the World Bank, vegetables fetch an income of $1575 per hectare while it is $544 per hectare ...

Experts warn that Cambodia’s imminent move up to lower-middle income status could lead to a drop in foreign aid and economic assistance. While the status upgrade would affirm Cambodia’s economic openness, higher wages and increasing foreign investment, it could also lead developed countries to scale ...

ACLEDA Bank announced its first-quarter results for 2016 on Friday, reporting $30.19 million in profit for the quarter, up almost 21 per cent compared to the same period last year.   ...

Acleda Bank signed an agreement in Bangkok yesterday with International Finance Corporation and the Goldman Sachs 10,000 Women initiative for a $70 million long-term loan project to support Cambodia’s small- and medium-size enterprises (SME) owned by women. ...

Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement. ...

Cambodia’s largest bank Acleda bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year. ...

Sara Lamsam, president and chief executive officer, said yesterday that the company has formed a 49:51 joint venture called Sovannaphum Life Assurance with its partner Canadia Investment Holding, the holding company of Canadia Bank, Cambodia’s second-largest Bank. ...

Aceleda Bank, Cambodia’s largest Bank by assets, reported a net profit of $28.39 million in first quarter this year, down slightly from $30.19 million in the same period in 2016, according to the Bank’s latest financial report. ...

The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign investors from participating in share offerings on the local stock ...

Mizuho Bank, one of largest Banks in Japan, has started operations in Cambodia with its first branch in Phnom Penh. ...

Cambodia’s banking sector has grown enormously on solid foundations since being rebuilt from scratch in 1979, central bank Governor Chea Chanto said yesterday during an event marking the 38-year anniversary of the re-establishment of the National bank of Cambodia (NBC) after the fall of the ...

One of the four suspects who have been arrested for their alleged involvement in the theft of $2.3 million from Canadia Bank was the head of the Bank’s credit section during the time that the embezzlement scheme was carried out, according to a senior adviser ...

Despite increased yields and the rising use of farming machinery in Cambodia’s agriculture sector, growth in the industry for 2013-14 was only between 1 and 2 per cent, with greater emphasis needed on the quality of seeds and fertilisers, as well as encouraging greater vegetable ...

Cambodia’s largest bank, Acleda bank, announced its half-yearly results on August 26, reporting a 40 per cent increase in net profits as compared to the same period last year, on the back of strong loan and deposits growth. ...

Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest Bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...

National Bank of Canada has injected an additional capital investment of $120 million to support the further growth of Cambodia-based ABA Bank. ...