Fund Set Up to Raise Money For Victim of Police Shooting
An expatriate living in Phnom Penh has set up a fund to raise $3,000 over the next month to help pay the medical expenses of a student shot in the spine by a police officer at the SL Garment Factory workers’ protest last month. Hoeurn Chann, ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/fund-set-up-to-raise-money-for-victim-of-police-shooting-48841/
Cambodia to rear prawns in ‘third water’
Cambodian farmers will open three prawn farms this summer in the mountain region using Japanese technique of ‘third water’ for creating artificial river and seawater The artificial water is a blend of fresh water and a carefully measured mix of minerals, including salts of sodium, potassium ...
Far Eastern Agriculture News Staff
http://www.fareasternagriculture.com/index.php?option=com_content&view=article&id=3463:cambodia-to-rear-prawns-in-third-water&catid=1080&Itemid=97
PM proposes law to prevent rent increase
During a graduation ceremony at Royal University of Law and Economics, Prime Minister Hun Sen said he and the opposition leader agreed to create a law to prevent landlords from raising rent. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/pm-proposes-law-to-prevent-rent-increase-8172
Building back better with access to information
UNESCO and the Ministry of Information, and the Ministry of Post and Telecommunications, the Department of Media and Communication at the Royal University of Phnom Penh, and civil society organisations, are commemorating the 2021 International Day of Universal Access to Information (IDUAI) in Cambodia, on ...
Khmer Times Staff
https://www.khmertimeskh.com/50942865/building-back-better-with-access-to-information/
National Bank of Cambodia Reports Lending Surge in 2012
Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National bank of Cambodia (NBC) yesterday. banks lent out a total of $5.89 billion in 2012, compared with $4.39 billion in 2011, NBC figures show, meaning ...
http://www.cambodiadaily.com/business/national-bank-of-cambodia-reports-lending-surge-in-2012-11368/
China's ICBC offers RMB transfers
A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial bank of China (ICBC), the CHANCES system stands for ...
Foreign currency deposits see strong growth
Foreign currency deposits grew briskly during the first four months of the year, a sign that public confidence in Cambodia’s financial institutions is high despite the uncertainty after last year’s disputed national election, bankers said this week. Cheam Teang, executive vice president of Acleda bank Plc., ...
Kang Sothear
http://www.cambodiadaily.com/business/foreign-currency-deposits-see-strong-growth-59815/
Cambodia to Cooperate with Korean Prosecutors
Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...
Price tag set for railway link to Vietnam border
The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...
Bank Predicts 6.8% Economic Growth in 2012
The Asian Development Bank (ADB) has released figures which show they believe that the Cambodian economy will grow between 6.8 and 7 percent in 2013 and 6.8 percent in 2012. Their reporting sites the growth in the Cambodian garment industry as a major factor. The ...
National bank to receive support from IFC
The International Finance Corporation (IFC) signed a Memorandum of Understanding with the National Bank of Cambodia (NBC) yesterday in a move that officials are predicting will usher in a new era of responsible corporate governing practices, transparency, financial risk management and public confidence in the ...
May Kunmakara
http://www.khmertimeskh.com/news/24858/national-bank-to-receive-support-from-ifc/
Wing promotes Khmer riel circulation among its customers
Made by Cambodians for Cambodians, Wing (Cambodia) Limited Specialized Bank, the leading mobile Banking services provider in Cambodia, is proud to join the National Bank of Cambodia (NBC) in promoting Khmer Riel usage among its customers across the country by establishing service charges, as well ...
Khmer Times Team
http://www.khmertimeskh.com/news/36594/wing-promotes-khmer-riel--circulation-among-its-customers/
ANZ may sell Asia bank stakes due to stringent capital rules
Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian Banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ Bank will meet the ...
http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815
IMF Predicts Country’s Economy to Grow 7%
The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
ANZ ends relationship with Phnom Penh Sugar: report
The commercial relationship between Australia and New Zealand Banking Group Ltd and Cambodia’s Phnom Penh Sugar has come to an end, The Australian reported Saturday. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTc5MjUwYjc2ODV
Bank sector at risk: S&P
The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming Banks during times of need, credit ratings agency Standard & Poor’s says. Cambodia’s Banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking ...
Eddie Morton
http://www.phnompenhpost.com/business/bank-sector-risk-sp
National Bank of Cambodia looks at local yuan role
Bank of China is in negotiations with Cambodia’s central Bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial Banks in Cambodia have launched yuan remittance and trade-settlement products. The ...
Cambodia explores cross-border transactions of CBDC-like Bakong, now used by 200,00 people
The National Bank of Cambodia (NBC) continues progressing with its central Bank digital currency- (CBDC)-like initiative known as Bakong, disclosing several project milestones. ...
Khmer Times Staff
https://www.khmertimeskh.com/50911542/cambodia-explores-cross-border-transactions-of-cbdc-like-bakong-now-used-by-20000-people/
Gov’t allocates $100M to prop up SMEs
The Ministry of Economy and Finance on February 14 allocated $100 million to two state-owned banks to provide additional support to small- and medium-sized enterprises (SME), and the agriculture and agro-industry sectors. ...
Nov Sivutha
https://www.phnompenhpost.com/business/govt-allocates-100m-prop-smes
IMF, ECB, global banks laud Chea Serey as NBC chief
A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-ecb-global-banks-laud-chea-serey-nbc-chief