The National Bank of Cambodia responded to rumours yesterday that local Banks were no longer accepting US dollar Banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central Bank had not changed its policies. ...

Cambodia has the highest rate of untreated cleft lip and palate in infants, out of more than 100 low- and middle-income countries, a new global study has found.   ...

The World Bank has officially revised the status of Cambodia’s economy, moving it up a rung from the low-income bracket into lower-middle income territory – a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over the coming ...

The National Bank of Cambodia (NBC), or Central Bank, has issued ASEAN Commemorative Coins to mark the establishment of the ASEAN Community on December 31, according to its statement on Friday. ...

The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises, it said yesterday. ...

Cambodia’s economy is expected to remain stable this year as uncertainty surrounding China’s economic slowdown appears to ease, and backed primarily by strong performance in garment and footwear manufacturing, as well as construction, the Asian Development Bank (ADB) said yesterday. ...

Laos has asked Cambodia to increase trade and investment in its northern neighbor as bilateral trade between the two countries is small and has plenty of room to expand. ...

Current assets in Cambodia’s banking and financial institutions had risen to 25.6 billion U.S. dollars by June 2016, an increase of 21.3 percent in the last 12 months, according to the biannual report of the National bank of Cambodia (NBC), or the central bank, on ...

The head of Transparency International Cambodia used the release of a World Bank economic report yesterday to press the lender’s economists on rural indebtedness and their claim that the country’s strong GDP growth was helping the country’s poor. ...

As Cambodia continues its impressive economic development and reaches higher stages of industrialisation and social well-being, there is an urgent need to prepare for future cutbacks in international development assistance, the Commerce Minister said on Friday. ...

Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank of Ayudhya, Hout Ieng Tong, president and CEO of HKL, confirmed yesterday.  ...

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

While the World Bank commended Cambodia for its strong economic growth and efforts to reduce poverty over the past two decades, it, however, cautioned yesterday that the agriculture and garment sectors posed challenges which could make that growth unsustainable. “An overview of the past two decades, ...

The World Bank on Thursday forecast a slight dip in the country’s economic growth rate by 2019 amid declining foreign investment, rising inflation and a slowdown in the expansion of garments manufacturing, and advised improvements to infrastructure and training to keep the economy on its ...

Association of Banks in Cambodia president In Channy on Tuesday said the Kingdom’s Banking sector will remain strong and not be directly affected by the potential suspension of its access to the EU’s “Everything But Arms” (EBA) trade agreement. ...

The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...

Cambodia’s Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and the Asian Development Bank (ADB) today signed grant and loan agreements worth $99 million for three development projects. ...

Cambodia’s taxation system fell five places on the World Bank’s 2015 Doing Business index (DBI). The index, which tallied up 230 business reforms from 189 economies, showed the ease of paying taxes in Cambodia has declined from position 85 in 2014 to 90 this year. Cambodia’s ...

The Asian Development Bank (ADB) has approved an 18-million-U.S. dollars loan to build a ferry terminal and other infrastructure in Cambodia’s southern Kampot province to open up new opportunities for tourism, the Bank said on Tuesday. ...

Oil-importing nations such as Cambodia should be first in line to benefit from the oil-price decline provided they swiftly enact reforms to reinvest savings into strengthening fiscal policy and human capital, according to the World Bank. ...