Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial Bank in Cambodia, signed a memorandum of understanding with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, for the issuance of JCB cards in Cambodia. A ceremony to commemorate the milestone moment was held ...

Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia [GMAC] President Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders as the global economy recovered, he said. ...

Small-scale health insurance policies can be an effective way to avoid drowning in debt, according to a survey released yesterday. Fifty-eight percent of 5,275 households surveyed in Kandal, Takeo and Kampot provinces had taken out loans, with health care and medical costs being the chief reason, ...

The Swedish Embassy in Cambodia signed a memorandum of understanding with the Royal University of Phnom Penh (RUPP) on Wednesday to fund a high-quality training and research institute. The agreement is worth in the region of $10 million for a four-year pilot phase focusing on ...

Women make up the majority of street vendors selling food, clothes and a range of other retail goods across Cambodia, a new report in the peer-reviewed International Journal of Business has revealed. Using data from Cambodia’s economic census, researchers Nobuo Hirohata and Kazuhiro Fukuyo, from Yamaguchi ...

About 20 people grinned for the camera as they posed in front of a flagpole-like structure located just off a muddy dirt road in Kampong Chhnang province’s Samaki Meanchey district on Thursday morning. While a rather unimpressive visual, the agrometerological station is a first-of-its-kind device in ...

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. ...