Growing cyber attacks on government institutions and infrastructure could pose a threat to Cambodia’s vulnerable banking sector, officials with the National Cambodia Computer Emergency Response Team (CamCert) said yesterday. Speaking at the fifth annual banking and Microfinance Conference at the Intercontinental Hotel in Phnom Penh yesterday, ...

Digital cash services in Cambodia showed marked increases in users and cash flow in 2011, and still more growth is expected this year as operators launch new services and partnerships to capture a large but still-untapped rural market. The services, in which customers transfer money via ...

Mega International Commercial Bank, a Taiwanese Bank, has been in talks with the National Bank of Cambodia (NBC) about setting up operations in Cambodia. The kingdom is said to be an emerging financial sector. The initial branch will be in Phnom Penh in order to ...

Cambodia and the Asian Development Bank have signed their latest loan agreement of US$15 million for the development of the Kingdom’s financial sector, according to ADB. The money would be used for a number of development programs, including the improvement of regulatory regimes, creation of an ...

The long-awaited Cambodian Credit Bureau (CBC) launched yesterday, a move that is expected to increase the amount of information banks retain on the history of borrowers in the banking system. Despite loan disbursals in the banking sector growing by 25 percent last year, banks have so ...

Bank of China, one of the five biggest state-owned commercial Banks in China, will expand its operations in Cambodia by opening new branches in Siem Reap and Sihanoukville, a local Bank executive said yesterday. ...

In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...

The Export-Import Bank of China (Exim Bank) on Wednesday signed up to provide a concessional loan of $121 million to Cambodia for irrigation system and power transmission line development. The agreement was inked between Cambodian Finance Minister Aun Porn Moniroth and visiting Chairman of the Exim ...

The National Bank of Cambodia on Tuesday officially issued a new 50,000-riel Banknote (in equivalent to 12.5 U.S. dollars) in order to mark King Norodom Sihamoni’s 61st birthday, which falls on May 14. A sub-decree on the issuance of the new Banknote was endorsed by ...

ACLEDA Bank, one of Cambodia’s largest Banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

The SME Bank of Cambodia and the Cambodia Cashew Federation have signed a Memorandum of Understanding to promote the cashew processing sector and boost the export of Cambodian processed cashew nuts to international markets. ...

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

The National Bank of Cambodia (NBC) is requiring financial institutions to gradually phase in a higher liquidity coverage ratio (LCR) to ensure sustainable growth in the industry and avoid crises.  ...

The opposition Sam Rainsy Party (SRP) has requested the National Assembly to reduce by 75 percent the amount of new debt the government is allowed to take on next year under the latest draft of the 2013 national budget. Opposition lawmaker Son Chhay, who sent the ...

Academics at the Royal University of Law and Economics defended banning thesis topics for fourth-year students, arguing that subjects such as illegal drug use and land disputes are written about too often at the school. In a Feb. 2 letter posted online and signed by the ...

A new academic report has urged farmers in the northwest of the Kingdom to change their planting ways if they want to mitigate the detrimental impacts of climate change on their crops. ...

Foreigners seeking to learn the Khmer language have long been restricted by a dearth of resources beyond beginner’s textbooks, often relying on conversation and the methods of individual teachers to advance their vocabulary and comprehension. Aiming to put a small dent in the situation, U.S. citizen ...

An onshore prawn farming project using water known as “third water” developed by Toshimasa Yamamoto, associate professor at Okayama University of Science, will start in August in a mountain village in Cambodia, Japan’s Jiji Press reported. Aquaculture on land is expected to improve nutrition and alleviate ...

Cambodia has drastically reduced the amount of human rights recommendations it will implement as part of the United Nations’ Universal Periodic Review, saying they were overly repetitive. While Cambodia was criticised for deferring recommendations, which dealt with issues such as freedom of expression and the ...

Prime Minister Hun Sen thanked the U.N. on Sunday for providing maps that he said prove that the government had upheld the law in its work demarcating the country’s border with Vietnam. ...