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 ...

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

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. ...

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. ...

On 25 June 2024, the Cambodian Alliance of Trade Union (CATU) issued a statement in respond to the statement of the employers’ association (TAFTAC) and maintained the position of supporting the report issued by CENTRAL, CATU and CCAWDU on their official social media site.According to ...

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. ...

Cambodia’s central bank won’t recognise bitcoin as a form of payment, making the Kingdom the latest Asian country to reject the digital currency. National Bank of Cambodia director-general Chea Serey confirmed the regulator’s stance on the issue on Wednesday, citing the absence of any e-commerce law ...

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign investors notably in the sectors of industry and agriculture. In his statements while visiting the Kuwaiti Chamber of Commerce and Industry ...

Authorities have to-date recorded 707 reports of human trafficking in all forms into a central log, which involved the detention of 120 suspects, Minister of Interior Sar Kheng told a January 20 meeting on foreigner employment. ...

Three men arrested over a plan to smuggle millions of dollars worth of counterfeit US banknotes into Cambodia with the help of Thai criminals used the name of Prime Minister Hun Sen’s chief bodyguard to secure the deal, a provincial court heard yesterday. Pin Tipelo, 38, ...

Bank of China is in negotiations with Cambodia’s central bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial banks in Cambodia have launched yuan remittance and trade-settlement products. The ...

Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...

WHILE investments from the Middle East into Cambodia are expected to increase over the next few years, the central bank here currently has no plans to launch Islamic banking services. Recent events like Qatar Airway’s Doha-Phnom Penh flights, which launched earlier this month, have been expected ...

Illegal logging of staggering proportions abetted by military personnel is decimating stocks of luxury rosewood in the Central Cardamom Protected Forest, while the conversation group tasked with protecting the area and its government counterparts deny the trade is even happening. In a period of several hours ...

The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an un­known complainant said ...

Four of the 36 Jarai Montagnards deported last month have “disappeared” from their village in Vietnam’s central highlands, prompting fears among villagers that they may have been detained by the authorities. The group of 36 Montagnards was deported on the night of February 24 after attempting ...

The Education Ministry will organize a training course and study programs that will give all of the country’s teachers access to bachelor’s degree programs by 2020, officials said yesterday. ...

Inside a nondescript villa in central Phnom Penh, men and women in white lab coats peer through lenses, carefully studying the magnified objects in front of them. But these aren’t biologists researching cell division or bacteria; these are gem testers concerned with inclusions and refractive indices on rubies, sapphires and other precious stones. They are working ...

Turkmenistan to become the first country to connect direct flights with Cambodia among the Central Asian countries, a press release of the Ministry of Tourism (MoT) said. ...