Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...

Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...

Cambodia’s tradition of silk production is one that dates back as far as the 13th century. A long-standing symbol of status for the rich and the country, ancient Angkorian silk producing Cambodia bore unique weaving and reeling techniques that have been passed down from generation ...

Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...

Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...

The United Nations Special Rapporteur on the situation of human rights in Cambodia, Surya P. Subedi on Wednesday praised Cambodia’s general elections held on Sunday, and appealed for calm and political reconciliation. The human rights expert also appealed to the people and all political actors ...

Not enough priority is given to research in Cambodia, threatening its long term development, economists and other experts say. Larry Strange, executive director of the Cambodian Development Research Institute, says the country cannot plan for major reform, build its economy, or reduce poverty without proper analysis ...

A 555-metre tower planned for Diamond Island is to go ahead, and expert engineers from China and Vietnam are studying the river bank and calculating the strength of the foundations needed to support the building. The building plan will not be changed and now the company ...

Co-operation on the exchange of electricity will be very important in making the 10-country ASEAN bloc move forward to a single market by 2015, experts said, but a shortage of power supply in each country remains a challenge. Speaking to reporters yesterday after the opening of ...

Cambodia’s promising animal feed sector will soon see support from a big pharmaceutical manufacturer which is now studying local demand for animal healthcare – a nearly untapped market. “We intend to introduce animal health business in Cambodia for our farm products and feed mills,” Khalid Baig, ...

While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...

Cambodia’s opposition said Thursday it is prepared to hold talks with Prime Minister Hun Sen’s party without any preconditions in a fresh bid to end a political deadlock three months after disputed national elections. The move signaled a shift by the Cambodia National Rescue Party (CNRP), which days earlier had said it ...

The Global Alliance for Vaccine and Immunization (GAVI) Board meeting was held here on Thursday to decide which new vaccines will be added to the organization’s portfolio. The two-day meeting brought together 160 people who are representatives of donors and developing countries, civil society organizations, vaccine ...

Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...

The government’s announcement on Wednesday that companies looking to start rubber plantations could skirt a moratorium on new economic land concessions (ELCs) by taking over existing, dormant ones continued to make a good impression on prospective investors in town Thursday. Ly Phalla, who heads the Agriculture ...

The Ministry of Information and Council of Ministers has summoned representatives from US government-funded radio stations for an unprecedented meeting to discuss the stations’ content, goals and level of professionalism, government officials said yesterday. In a letter dated Monday and signed by Minister of Information Khieu Kanharith, Radio Free Asia (RFA) and Voice ...

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 ...

Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN.​ Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

From September 13 to September 16, 2022, Open Development Cambodia (ODC) continued its ongoing promotion of Data Literacy for the Innovations in Social Accountability project (ISAC). Fourteen members of civil society organizations working on social accountability joined the training, which was held at Phnom Penh’s ...