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Bakong digital transactions see remarkable growth

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501188708/bakong-digital-transactions-see-remarkable-growth/

Celebration of the International Day of the World Indigenous Peoples and the Launch of the Report on Gender-Based Violence Against Indigenous Women in three Provinces of Cambodia

On 05 August 2022, the Cambodia Indigenous Peoples Alliance issued an announcement on celebration of the International Day of the World Indigenous Peoples and the launch of the report on gender-based violence against indigenous women in three provinces of Cambodia.The Cambodia Indigenous Peoples Alliance organized ...

Cambodia Indigenous Peoples Alliance

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Cambodia temporarily bans imports of asbestos-contained talc baby powder

Cambodia has temporarily halted the imports and distribution of several brands of talc baby powder after asbestos has been detected in those products, the directorate-general of Consumer Protection, Competition and Fraud Repression (CCF) said on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501137845/cambodia-temporarily-bans-imports-of-asbestos-contained-talc-baby-powder/

Ministry, JICA cyber-security project to begin in 2023

The Ministry of Posts and Telecommunications and the Japan International Cooperation Agency (JICA) co-signed a memorandum of understanding (MoU) for a project to improve cyber resilience and further strengthen the Kingdom’s cyber-security. ...

Ry Sochan
https://www.phnompenhpost.com/national/ministry-jica-cyber-security-project-begin-2023

Cambodia earns $3 billion from agricultural products exports in first 10 months

Cambodia exported 7.62 million tons of agricultural products in the first 10 months of 2022, earning $3.07 billion in revenue, according to a report released by the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501187892/cambodia-earns-3-billion-from-agricultural-products-exports-in-first-10-months/

Cambodia ‘95% self-sufficient’ for meat

In the past year, Cambodia has managed to supply itself with 95 per cent of the meat required for domestic demand, with the domestic and export markets worth a total of more than $2 billion in value, according to Minister of Agriculture, Forestry and Fisheries ...

Long Kimmarita
https://www.phnompenhpost.com/business/cambodia-95-self-sufficient-meat

Condo oversupply persists amid low FDI and foreign buyers

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers

Trade with Malaysia soars 23% to $620M in 2022

The merchandise trade volume between Cambodia and Malaysia totalled $620.373 million in 2022, rising by 23.33 per cent over a year earlier, with Cambodian exports accounting for a 18.03 per cent share, down by 2.11 percentage points on a yearly basis, according to the General ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-malaysia-soars-23-620m-2022

Bakong likely to make forays into Rwanda

National Bank of Cambodia (NBC) and the National Bank of Rwanda recently held talks to explore ways to establish Bakong online payment system in that country, said an NBC statement. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501315349/bakong-likely-to-make-forays-into-rwanda/

Press release on the implementation of the Law on Consumer Protection and Prakas on unfair contract clause in the banking and financial sector

On 24 March 2023, the Ministry of Commerce and the National Bank of Cambodia posted a press release regarding the Press release on the implementation of the Law on Consumer Protection and Prakas on unfair contract clauses in the banking and financial sector on their ...

National Bank of Cambodia

Download: pdf

Losing 104 rural credit agencies ‘may allow growth’ in finance sector

The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ...

Rann Reuy
https://www.phnompenhpost.com/national/losing-104-rural-credit-agencies-may-allow-growth-finance-sector

Exports to Thailand, Vietnam up as traditional markets shrink

Cambodia’s exports to neighbouring Thailand and Vietnam surged in January this year compared to the same period last year in sharp contrast to the country’s exports to traditionally strong markets such as China and the US declining during the period. According to the data of ...

Manoj Mathew
https://www.khmertimeskh.com/501241502/exports-to-thailand-vietnam-up-as-traditional-markets-shrink/

MFIs seek boosting financial literacy at communal level

A project to strengthen financial literacy at the local level has been launched to promote knowledge related to finance, rights, and client protection as well as to increase clients’ access to formal financial services within communities. ...

Ou Sokmean
https://cambodianess.com/article/mfis-seek-boosting-financial-literacy-at-communal-level

International trade tops $23 billion in H1

International trade for Cambodia amounted to $23.69 billion in the first six months of this year, a 13% decrease compared to the same period last year, the General Department of Customs and Excise report showed on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501322261/international-trade-tops-23-billion-in-h1/

International trade down 13% in first half of 2023

Cambodia’s international trade performance in the first half of 2023 registered $23.69 billion, a decrease of 13 percent from $27.24 billion in the same period last year, according to a report from the General Department of Customs and Excise (GDCE) on Monday. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-international-trade-down-13-in-first-half-of-2023

Tax agency asks Japan to fast-track DTA talks

The Cambodian tax chief on May 29 asked Tokyo to speed up talks on a Double Taxation Agreement (DTA) between the Kingdom and Japan, as Customs (GDCE) reported that their bilateral goods trade closed 2022 just shy of $1.95 billion, achieving a nearly one-eighth surge ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-agency-asks-japan-fast-track-dta-talks

Cambodia, China sign MoU on translating Khmer works

A Memorandum of Understanding to translate and publish history and culture books from Khmer into Chinese has been signed by the Royal Academy of Cambodia, the National Press and the Chinese Publishing Administration. ...

Torn Vibol
https://www.khmertimeskh.com/501423485/cambodia-china-sign-mou-on-translating-khmer-works/

Calls out for vocational programme enrollments

The Ministry of Labour and Vocational Training has urged young people to promptly register for courses at technical institutes throughout the country. The move follows the government’s official announcement of a national programme on technical and vocational training for 1.5 million young individuals from impoverished ...

Van Socheata
https://www.phnompenhpost.com/national/calls-out-for-vocational-programme-enrollments

CMAA wins Model Leadership award from Spirit of Soccer

Cambodian Mine Action and Victim Assistance Authority (CMAA) First Vice-President Ly Thuch became the proud recipient of an award from the Spirit of Soccer (SOS), a humanitarian educational organisation. ...

Torn Vibol
https://www.khmertimeskh.com/501406077/cmaa-wins-model-leadership-award-from-spirit-of-soccer/

Rangers discover grey-headed eagle nests

In Kampong Thom province, adjacent to the Tonle Sap Lake and Stung Sen River, park rangers, backed by NatureLife Cambodia, discovered eight grey-headed fish eagle nests during the new spawning season, which concluded in December. ...

Kim Yutharo
https://www.phnompenhpost.com/national/rangers-discover-grey-headed-eagle-nests

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