NBC won’t recognise bitcoin
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 ...
Eddie Morton
http://www.phnompenhpost.com/business/nbc-won%E2%80%99t-recognise-bitcoin
NBC governor wins award
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award
Kuwaitis encouraged to invest in Cambodia
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 ...
Kuwait News Agency (KUNA) News Staff
http://www.kuna.net.kw/ArticleDetails.aspx?id=2411719&language=en
Cambodia steps up fight against human trafficking
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. ...
Sem Pisei
https://www.phnompenhpost.com/national/cambodia-steps-fight-against-human-trafficking
Fake dollars stopped: cops
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, ...
National Bank of Cambodia looks at local yuan role
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 ...
Cambodia Sees Massive Foreign Investment Growth in 2012
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, ...
No plans for Islamic banking services yet
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 ...
http://www.phnompenhpost.com/2013022761645/Business/no-plans-for-islamic-banking-services-yet.html
Logging in the wild west
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 ...
http://www.phnompenhpost.com/index.php/2011122153536/National-news/logging-in-the-wild-west.html
Businessmen Charged Over Mining Deal Fraud
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 ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
Montagnards ‘missing’
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 ...
Phak Seangly
http://www.phnompenhpost.com/montagnards-missing
Education ministry wants bachelor’s degrees for all teachers
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. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17961/education-ministry-wants-bachelor---s-degrees-for-all-teachers/
Cambodia's gems and jewelry sector set to shine
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 mulls direct flights to Cambodia
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. ...
Nhean Chamrong
https://www.khmertimeskh.com/501343430/turkmenistan-mulls-direct-flights-to-cambodia/
NBC takes licences from 11 lenders
Cambodia’s central bank yesterday announced a decision to revoke the operating licences of 11 rural credit operators for failing the abide by regulations. ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-takes-licences-11-lenders
Cambodia’s central bank says foreign reserves increased to $18.4 billion as of June
Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501334799/cambodias-central-bank-says-foreign-reserves-increased-to-18-4-billion-as-of-june/
Plastic bag reduction campaign underway
Eight markets in Phnom Penh and Siem Reap and Preah Sihanouk provinces have started trialing a campaign to reduce the number of plastic bags given to customers. Thol Buntha, a media relations officer for Italian-based NGO Fondazione ACRA, told Khmer Times that the markets, which include ...
Mom Kunthear
http://www.khmertimeskh.com/news/30917/plastic-bag-reduction-campaign-underway/
Kon Tum strengthens cooperation with Cambodia’s Ratanakiri province
Leaders of the Central Highlands province of Kon Tum and Cambodia’s Ratanakiri province on October 19 signed a memorandum of understanding on bilateral cooperation for the 2023-2028 period. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379998/kon-tum-strengthens-cooperation-with-cambodias-ratanakiri-province-2/
Central banks of Cambodia, Malaysia sign deal on cooperation in cross-border QR payment scheme
The central banks of Cambodia and Malaysia on Tuesday signed a memorandum of understanding (MoU) on cooperation in cross-border QR payment scheme and financial innovation, said a joint press statement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501447499/central-banks-of-cambodia-malaysia-sign-deal-on-cooperation-in-cross-border-qr-payment-scheme/