Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...

Cambodia’s per capita GDP was projected to hit 1,036 U.S. dollars in 2013, up from nearly 1,000 U.S. dollars in a year earlier, Prime Minister Hun Sen said Saturday. The premier said the country has enjoyed full peace and political stability in the last 15 ...

Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the Bank’s “Trade Logistics in Greater Mekong Sub-region: ...

Cambodia’s poverty rate fell dramatically between 2004 and 2011 – from more than 50 per cent to roughly 20 – but those gains are so precarious that a slight economic shock could send millions plunging back below the poverty line, according to a World Bank ...

The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a $118 million project to provide a safer, cost-effective rural road network. ...

The Asian Development Bank (ADB) is extending a $30 million loan for a nationwide program to raise the quality of technical and vocational education and training (TVET) in Cambodia leading to more job opportunities for women and the poor. ...

The Asian Development Bank (ADB) maintains its April projection for Cambodia’s economic growth at 7.0% in 2014, and 7.3% in 2015, says a new report released today. ...

In its first annual review of efforts by the Asian Development Bank (ADB) to make amends for the thousands of Cambodian families hurt by a railway project the lender is funding, the Bank’s Compliance Review Panel said it was making progress on five of six ...

Cambodia’s economic growth is forecasted to reach 7.2 percent in 2014, and 7.5 percent next year according to a report by World Bank on Monday. The report said Cambodia’s garments continue to be the key engine of growth, followed by construction. The poverty rate continued to ...

The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds. The prediction is a gloomy counterpoint to the coming rebound the Asian Development Bank (ADB) forecast ...

According to the Asian Development Bank (ADB), the greatest obstacle to foreign investment in the Cambodian economy is the country’s deep energy shortfall. According to Cambodia’s Ministry of Industry, Mines, and Energy, the situation has not improved much in more than a decade, with only ...

A report released this month by the Asian Development Bank (ADB) suggests that due to Cambodia’s high suitability to solar power, energy from solar panels is a viable and sustainable source of power that could lead to energy independence. ...

The Asian Development Bank (ADB) has received a complaint from 22 Cambodians who say the lender is falling short in its efforts to fix the mistakes it has made in planning and carrying out its ongoing rehabilitation of the country’s dilapidated railway tracks. ...

ABA has launched a dedicated COVID-19 fund for people to donate easily using their ABA Mobile application aiming to raise $5,000 after which ABA will double the funds to $10,000 and transfer the raised sum to the Ministry of Health for medical supplies to mitigate ...

The government will disburse between $500 and $600 million in low-interest loans to financial institutions to enable them to provide loans to businesses at lower interest rates. ...

The National Bank of Cambodia (NBC) says the Banking sector will continue to grow confidently and actively contribute to economic activity. At the same time, the Banking and finance sector continues to promote financial inclusion with the number of deposit clients reaching 8.2 million accounts ...

Prime Minister Hun Sen has appealed to all banks and microfinance institutions nationwide to understand the difficulties faced by flood victims who owe them, asking them to delay repayment or reduce the interest rate during the flooding. ...

On 08 December 2020, the Association of Banks in Cambodia (ABC), Cambodia Microfinance Association (CMA), and Cambodian Association of Finance and Technology (CAFT) issued a joint press statement stating their effort in fighting against the spread of Covid-19 in Cambodia with the Ministry of Health ...

The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...

Sathapana Bank launched a fundraiser via their mobile Bank in collaboration with Kantha Bopha Foundation, on June 30. The fundraiser is to raise money for Kantha Bopha Hospital.   ...