The U.N. loaned maps of Cambodia’s border with Vietnam to the government Thursday, with Foreign Affairs Minister Hor Namhong hailing the maps’ similarity to the government’s own as proof that it has not been demarcating the border using illegal maps drawn by Vietnam. ...

Khmer Specialized Bank, a subsidiary of Khmer Holding Group, was officially inaugurated to offer financial services to Cambodians yesterday, with $21 million worth of investment capital and becoming the 13th specialized Bank in Cambodia. ...

Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. As of June 2012, the kingdom’s 32 commercial banks had ...

Shareholders of Acleda Bank yesterday approved a plan to open an initial three branches in Burma, where a year of surprise political and economic reforms are raising expectations of a flood of foreign investment ...

Cambodia’s inflation rate decelerated to 3 percent last year, down from 4.9 percent in a year earlier, Governor of the National Bank of Cambodia (NBC) Chea Chanto said Saturday. “This is a remarkable drop and the 3-percent rate last year is low and controllable,” he said ...

The aid sector needs more transparency to ensure that the public knows exactly where and how money is being spent, a consortium of NGOs said Tuesday. Tek Vannara, deputy executive director of the NGO Forum, said at a workshop in Phnom Penh that while the Council ...

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

Some of the hundreds of families losing land and community forest to Vietnamese-owned rubber plantations in Cambodia’s northeast will this week file a complaint with the International Finance Corporation (IFC) over the investment it has made in the plantations’ parent company. Eang Vuthy, executive director of ...

Cambodian Prime Minister Hun Sen said Tuesday that the country’s banking sector has enjoyed strong growth in recent years and urged the banks to increase their lending to agriculture. According to the report of the National bank of Cambodia, lending at the kingdom’s 34 commercial banks ...

Construction on Cambodia’s $2.3 billion oil refinery has been set back again, this time due to planning delays, the project’s local partner, Cambodia Petrochemical Company (CPC), confirmed yesterday. The landmark oil refinery was slated to begin construction in December 2013 following a $1.67 billion loan from ...

The National Bank of Cambodia will launch a new payment system to increase inter Bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding Banking sector, it said in a press release yesterday. ...

The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial Banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s Banking sector.   ...

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...

South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial Banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts.  The National bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ...

Garment-making has been a mainstay of Cambodia’s fledgling economy, chalking up between 6 and 7 percent annually for the past four years. But, the country is turning its focus back to the land in the hope that rice growing and other farming produce, will lift growth ...

The World Bank said yesterday that it is continuing to search for a new country manager following the departure of Quimiao Fann last month for a new role in the former Soviet Union. A Chinese national and economist by training, Mr. Fan has been ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

The Rural Development Bank (RDB), a state-own institution, plans to request an additional $50 million to beef up the government-led emergency fund for the agriculture sector, according to a Bank representative. ...