Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

The morning before the verdict was handed down at the Appeals Court on March 12, the mood among those working on the defence team for Heng Chheang and his wife Tep Kolap was almost optimistic. They, along with relatives of the couple and academics from Phnom ...

The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...

Taiwan Cooperative Bank, one of the leading Banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial Banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd Bank from China’s Taiwan in Cambodia after the Mega ...

Despite being downgraded by Moody’s just over two months ago, profits at Cambodian Public Bank (Campu) and Acleda Bank—two of the largest Banks in the country—increased by about 50 percent during the first half of the year, according to figures provided by the Banks yesterday. In ...

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...

Cathay United Bank, the Banking arm of Cathay Financial Holding Co., has agreed to acquire a 70 percent stake in a Cambodia Bank, the financial holding company said Thursday. With the acquisition, Cathay United Bank will become the largest shareholder in Singapore Banking Corp. Ltd. (SBC Bank), while the original Singaporean investors will retain the remaining ...

Acleda Bank has filed an application to start Banking operations in Burma with the central Bank and is on track to open its first microfinance branch in the country by January, Acleda President In Channy said yesterday. Mr. Channy said the Bank submitted its application for ...

In one year since its official rollout in 2022 by the National Bank of Cambodia, KHQR, the universal quick response (QR) platform of the country for digital payments, has recorded nearly 400,000 transactions. ...

The National Bank of Cambodia (NBC) is thinking of raising the reserve required for Banking deposits. The aim is to slow inflation and lessen the chance of an economic meltdown. The NBC is considering raising the rate after inflation reached 6.5 percent in May compared ...

The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) held a bilateral meeting in Phnom Penh, Cambodia on September 16 to exchange and share experiences on macroeconomic management, especially in finance and Banking. ...

Cambodia will host the 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting, Association of Banks in Cambodia (ABC) president In Channy said on Thursday. Channy told The Post that the event will be organised by the ABC and will be held from ...

The KB Global Digital Bank is a rechargeable wallet-based mobile Banking service which combines both financial services, such as account, wire transfer, overseas remittance and P2P payment, and non-financial services like messaging. ...

A recent study on the role of Cambodia’s moneychangers found that three private forex traders control two-thirds of the total demand for riel currency and exert more influence on foreign currency exchange rates than the central bank, raising the possibility of collusion in fixing rates. ...

The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wider range of funds and Banking services. ...

Newly approved plans by the Asian Development Bank (ADB) to fix mistakes it made on a $143 million railway project appear to water down recommendations proposed by the Bank’s own review panel, and could impose the costs of the plan on the very families who ...

Mortgage rates are set to continue their decline, driven by strong bank competition, say banks and home lending experts.  ...

The governor of the National Bank of Cambodia has called on the International Monetary Fund (IMF) to continue supporting ASEAN economies, especially as they recover from the Coronavirus pandemic. ...

The National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV) have agreed to strengthen bilateral cooperation through exchange of experience on economy and Banking system. ...

Sam Sak stands amidst a landscape of cleared earth, surrounded by cassava stems planted like flags to claim their place inside the Kulen Promtep Wildlife Sanctuary. ...