Advanced Bank of Asia Limited (ABA Bank of Cambodia) officially unveiled a new logo yesterday, as it builds on its majority ownership by the National Bank of Canada.The National Bank of Canada integrated the ABA Bank as part of its group after becoming the major ...

Cambodia’s lagging agriculture and nascent manufacturing sectors need to diversify as the threat of regional competition heats up, a World Bank economist warned yesterday, while enumerating the challenges the Kingdom faces after having officially graduated into a lower-middle income country last year. ...

The government yesterday unveiled its financial sector development strategy for 2016 to 2025, which provides stakeholders with a document to evaluate the last decade of growth while outlining an action plan for the next decade. Chea Serey, director-general of the NBC, said the content of ...

The National Bank of Cambodia (NBC) issued a prakas, or directive, last week instructing commercial Banks and microfinance institutions to make out more riel loans to their customers, in a bid to promote the use of the national currency. The prakas, which took effect on Thursday, ...

The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...

ACLEDA Bank, Cambodia’s largest Bank in terms of assets, will have to shell out millions in the next three weeks to comply with a Council of Ministers decision last Friday that the private financial institution must redesign and replace its logo on all company materials ...

Governor of the State Bank of Vietnam (SBV), Lê Minh Hưng, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two Banks. ...

Acleda Bank will issue new ATM, debit and credit cards to all its customers nationwide with the new Bank logo, in compliance with an order issued by the Council of Ministers, said the Bank’s CEO yesterday. ...

Provincial tourism department director Soy Sinol said a construction study of the Asian Development Bank-funded project had been completed.The $18-million tourism seaport is due to come into service by 2019.​   ...

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. ...

With the bidding process for the project coming to an end, the construction of a new seaport for tourist vessels in Kampot will begin in March, a representative of Kampot’s tourism department told Khmer Times. ...

Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...

Growth in tourism is the key driver that is pushing up the value of Cambodia’s service sector, according to the Asian Development Bank report released last week. But to reach its full potential the country still needs to harness resources and tackle the problems that are ...

The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious Bank accounts and using fraudulent credit cards to withdraw money from those accounts, the Bank’s CEO said Monday, the first time Canadia has ...

Cambodia’s economic growth rate is expected to exceed 7 percent both this year and next, the Asian Development Bank said Wednesday. The ADB maintained its forecast for this year’s economic growth at 7.2 percent, supported by strong exports and robust construction and service sectors. The ...

ACLEDA officially launched its first credit card on Friday as Cambodia’s largest bank eyes the country’s rising middle income bracket, president and CEO In Channy said yesterday. “This is the right time for us to start this Visa credit card product. By 2020, Cambodia will change ...

A new payment system for retired soldiers in Oddar Meanchey province has resulted in late payments for nearly 50 retirees. Government officials recently opened Acleda Bank accounts for retired soldiers, who used to pick up pension payments at the provincial social affairs department, said Mok Vanvuthy, ...

Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...

Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...

Phnom Penh is one of the fastest-growing cities in Southeast Asia. It added nearly 500,000 people between 2000 and 2010, for a total of 1.4 million. That has meant a lot of changes in a short period: more congestion, more markets, more housing. And, newcomers ...