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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/

Mine site in crosshairs

Officials in Ratanakkiri province are preparing to take action against an illegal mining site that is said to have been operating since at least 2006 as part Of ongoing efforts to reform the sector.Hun Bunthan, director Of the province’s Mines and Energy Department, said that ...

Phak Seangly
http://www.phnompenhpost.com/national/mine-site-crosshairs

International tourists plunge 91% in first six months: NBC

Cambodia welcomed 108,000 international tourists in the first half of 2021, down 90.8 per cent from 1.18 million in the same period of 2020, according to the central bank. ...

Hin Pisei
https://www.phnompenhpost.com/business/international-tourists-plunge-91-first-six-months-nbc

NBC, South Korea team up for research

The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research

Banking shows steady growth

Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...

Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/banking-shows-steady-growth

IDs are not ‘sufficient guarantee’ for loans

Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers.   ...

Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans

Health exam committee targets fake certificates

Cambodia’s national examination committee is set to crack down on applicants using fake high school certificates for health sector degree exams. ...

Chea Sokny
https://www.phnompenhpost.com/national/health-exam-committee-targets-fake-certificates

RCAF officials forced to pick oknha title or their position

More than two-thirds of senior officials at the General Command Headquarters of the Royal Cambodian Armed Forces (RCAF) have decided to relinquish their oknha titles to maintain their roles in the armed forces, an RCAF official said. of 61 senior officials, 45 relinquished their title ...

Long Kimmarita
https://www.phnompenhpost.com/national/rcaf-officials-forced-pick-oknha-title-or-their-position

Cambodia calls for strengthening ASEAN’s solidarity

Cambodia’s Foreign Minister Prak Sokhonn said here on Tuesday that the Association of Southeast Asian Nations (ASEAN) needs to strengthen its centrality, unity, and solidarity to address key challenges for the sake of regional and global peace, security, and sustainable development. Cambodia is the chair ...

Khmer Times Staff
https://www.khmertimeskh.com/501085856/cambodia-calls-for-strengthening-aseans-solidarity/

Fine arts university slated for relocation

The Ministry of Culture and Fine Arts has decided to relocate the Royal University of Fine Arts from its central Phnom Penh location to the outskirts of the city to allow for an expansion of the National Museum, officials said Thursday. ...

Khuon Narim and Alex Consiglio
https://www.cambodiadaily.com/news/fine-arts-university-slated-for-relocation-84567/

Lending at Cambodia's banks increases 17 pct in 9 months

Cambodia’s banking sector has seen 17 percent rise in lending in the first nine months of the year, the central bank’s figures showed Thursday. The kingdom’s 34 commercial banks had provided a total loan of 6.89 billion U.S. dollars to customers by the end of September ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/21/c_132907523.htm

NBC navigating China’s cross-border interbank payment system: Serey

Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National Bank of Cambodia (NBC) deputy governor Chea Serey. ...

Van Socheata
https://www.phnompenhpost.com/business/nbc-navigating-chinas-cross-border-interbank-payment-system-serey

Gov’t urged to halt building collapses, protect workers

Civil society organisations (CSOs) have urged the government to take preventative measures and tougher action following a series of tragic building collapses that have claimed nearly 70 lives since last year. The call was made during a conference jointly organised by the Centre for Alliance ...

Voun Dara
https://www.phnompenhpost.com/national/govt-urged-halt-building-collapses-protect-workers

Medical students, Gov’t tussle over new exam

About half of the University of Health Science’s class of 2014 risks not graduating this year, having refused to register for a new compulsory final exam. A 2007 sub-decree states that a national-level examination for medical students would be implemented from that academic year onwards. But ...

Sinary Sany
http://www.cambodiadaily.com/news/medical-students-govt-tussle-over-new-exam-56780/

Ministry opens third public EV charger – in central Siem Reap

The Ministry of Public Works and Transport on September 14 inaugurated its third public electric vehicle (EV) charging kiosk, this time in central Siem Reap town, raising hopes for the wide adoption of the alternative fuel vehicles going forward. A ministry statement issued in conjunction ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-opens-third-public-ev-charger-central-siem-reap

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