Cambodia’s GDP growth was projected to reach 7 percent in equivalent to 15.65 billion U.S. dollars in 2013 despite a challenging global economic environment, the World Bank said Monday. Overall macroeconomic outlook remains positive, having sustained agricultural growth, continued strong performance of the tourism sector, a ...

A month after a call for civil servants to strike for higher pay, Prime Minister Hun Sen on Monday ordered government ministries to ensure that staff are paid on time, and said that otherwise workers could air their grievances in the press. The prime minister’s remarks, ...

The president of the Asian Development Bank says a proposed Chinese-led regional Bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after Washington softened its opposition to the Chinese-proposed Asian Infrastructure ...

The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...

Three finance industry associations have jointly developed a new code of conduct aimed at ensuring transparency, building trust and strengthening customer protection in the Kingdom’s banking and finance sector. ...

Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National bank of Cambodia (NBC) on Saturday. ...

Copies of grade 12 examination papers will only be provided to a single teacher for each subject this year in order to identify the source of leaks, said Education Minister Hang Chuon Naron during a speech on Saturday. Mr. Naron, speaking at the American University of ...

Cambodia has met 70 per cent of the basic requirements needed to join the ASEAN Economic Community (AEC), Prime Minister Hun Sen said yesterday, referring to a recently updated report issued by the economic block. The Kingdom ranked third in preparedness among the 10 ASEAN member ...

Islamic finance could help to boost trade between Cambodia and the Middle East, as well as attract investment from Muslim-majority countries, experts said on Saturday. Knowledge of Islamic finance and banking, which bars interest lending and discourages unfair trade advantages, is almost nonexistent among Cambodia’s Muslims, ...

ANZ Bank failed to meet its own human rights standards when it financed a Cambodian sugar plantation that was linked to forced evictions, child labour and workplace deaths, according to an Australian government investigation. ...

State-owned Rural Development Bank (RDB) projected that the demand for loans in the rice sector will increase this season, said CEO Kao Thach on Monday. He said while more rice facilities are ready for operation this year, there will be more demand for loans. ...

The Ministry of Commerce is taking action to stop a drop in the price of white rice. Following reports of a fast decline in the price of the commodity, the Ministry of Commerce started working with local authorities to gather information in major rice-producing areas, ...

A new set of warehouse and silo funded through a government-led loan scheme was inaugurated Friday in Kampong Speu province. Khmer Food Group has built a warehouse with a maximum capacity of 50,000 tonnes, as well as a silo that can process up to 1,500 ...

Leading economists have warned that income inequality is the defining global challenge of the 21st century. In Cambodia, a country where many live in poverty while ever-increasing numbers of luxury cars ply the streets, that challenge is particularly acute. Some 41 percent of the population ...

Aceleda Bank was the only Cambodian Bank to make The Banker’s Top 100 ASEAN Banks 2016 list, and saw the largest jump up the rankings among all entries, securing the 88th position on the financial publication’s annual list, up from 97th last year. ...

Cambodia’s current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday.   ...

Cambodia has a poor electrical grid, but plenty of sun—making it a perfect candidate for more solar power. But the sector remains small, particularly for rural use and farms, where it would be very useful. ...

WorldBridge Commerce announced yesterday the integration of Acleda Bank’s online payment services into its online shopping marketplace MAIO Mall. The partnership adds an online payment option to MAIO Mall’s existing cash-on-delivery model. The Post’s Ananth Baliga spoke to Tomas Pokorny, CEO of WorldBridgE Commerce, about ...

A newly-constructed two-storey building of Kampot provincial branch of the National Bank of Cambodia inaugurated this morning to welcome clients. ...