Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...

Megabank Sumitomo Mitsui banking Corp. said Tuesday that it will boost business collaboration with Acleda bank, Cambodia’s leading commercial bank, and Absa bank in South Africa, Japan’s Jiji Press reported. The Sumitomo Mitsui Financial Group Inc. unit said it has dispatched a staff member to a ...

Gender studies will be incorporated into the curriculum at Cambodia’s largest university in an effort to shape the country’s top students’ views on the role of women in society, educators and experts said on Wednesday at a workshop on the course. A pilot program will begin ...

Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda bank and Cambodian Public bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...

Citibank, one of the largest banks in the US, showed stronger interest in Cambodia yesterday when the Bangkok-based Thailand head of the big international bank met with Economy and Finance Minister Kheat Chhon. Mey Vann said Citibank recognized that Cambodia had a good investment climate and incentives ...

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the Bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ...

ACLEDA Bank, the largest locally owned commercial Bank in Cambodia, said it has raised its current registered capital by $72.5 million, to $185.6 million, for business expansion domestically and internationally. It is the tenth time the Bank has done so. ...

The National Bank of Cambodia was pushing microfinance institutions to look to domestic Banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial Banks, a dearth of ...

MARUHAN Japan Bank will be the next to join a growing list of Cambodian Banks that provide cross-border remittance in Chinese yuan. The move by the Japanese-owned Bank is part of a greater push to promote trade with China throughout the region, according to a statement ...

The projection of National Bank of Cambodia (NBC) on the country’s economic growth this year is slightly lower than that of the Asian Development Bank (ADB), according to the State News Agency-AKP.   ...

Bred Banque Populaire – part of the second-largest banking group in France – officially launched operations in Cambodia yesterday after a ribbon-cutting ceremony at its headquarters, marking the first venture of a European bank in the Kingdom since the late 1990s. ...

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. ...

ACLEDA Bank PLC, the Cambodia’s leading commercial Bank, has launched a new service called “ACLEDA Internet Bank”, according to a statement on its website. The statement said the new service would offer additional alternative for its value customers in doing financial transactions via the internet at ...

Cambodia Public Bank (Campu Bank), a subsidiary of the Malaysian Public Bank Group (PBB), posted strong gains during the first nine months of the year.​​ ...

Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital Banking and to provide information to borrowers to guarantee the credit deal. ...

Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday. ARDB director-general Kao Thach said applications for government loans have been growing rapidly since the government officially launched a $50 million fund in March. ...

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system. ...

Moody’s Investor Service yesterday placed local currency long-term deposit and issuer ratings of two of Cambodia’s largest banks, ACLEDA bank and Cambodian Public bank (Campu bank), on review for downgrade, according to a statement from the rating service ...

Cambodia’s banking sector has continued enjoying robust growth in both loans and deposits this year, Ouk Maly, vice-governor of the National bank of Cambodia, said Wednesday. ...