Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing ...

On 15 July 2020, the Association of Banks in Cambodia and the Cambodia Microfinance issued an open letter to Cambodia League for Promotion and Defense of Human Rights, Cambodian Alliance of Trade Union, Center for Alliance of Labor and Human Rights and Sahmakum Teang Tnaut, ...

The Ministry of Labour and Vocational Training has announced cooperation with three companies to provide nearly 400 job opportunities for the country’s youth, organised into a monthly job interview programme set to begin on February 17. ...

Cambodia received $1.2 billion in remittances from migrant workers abroad last year, marking a sharp 17 per cent drop from $1.5 billion in 2019, the National Bank of Cambodia reported. ...

The state-owned Agricultural and Rural Development Bank of Cambodia (ARDB) announced that it has reserved a large number of financial packages of working capital loans for rice millers and exporters to buy paddy from farmers during the upcoming harvest season, in a bid to push ...

The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...

Cambodia’s international reserves remain as high as $20.8 billion, while the banking sector stays healthy amid the threat of COVID-19 pandemic. ...

The European Investment Bank (EIB) has secured $17.4 million from the European Union to invest in sustainable agriculture projects in Cambodia. ...

International Monetary Fund (IMF) resident representative for Cambodia Yasuhisa Ojima is optimistic that Cambodia’s economy will see a quick recovery that reflects the “proactive measures” taken by the government to blunt the socio-economic impacts of Covid-19. ...

The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, Banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...

Insurance Regulator of Cambodia (IRC) director-general Bou Chanphirou on January 12 urged banks, other financial institutions and insurance companies to cooperate in bancassurance to drive further growth in the insurance sector, and raise penetration and density. ...

A World Bank released on January 12, 2022, said that  Cambodia’s economic growth this year is expected to reach 4.5 percent this year and is  projected to grow further to 5.5 percent in 2023. ...

Cambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National bank of Cambodia (NBC) on Saturday. ...

The National Bank of Cambodia (NBC) has finally been delivered the 2019 “Best New Banknote” award received for its 15,000 riel Banknote by representatives from the printing company Landqart AG after a long wait due to pandemic-induced border restrictions.   ...

On 16 August 2021, the Ministry of Economy and Finance issued a press release on the official launch of “SME Co-Financing Scheme Phase 2” (SCFS2).On behalf of the Royal Government of Cambodia, the Ministry of Economy and Finance has the pleasure to announce the official ...

Cambodia exported $1.4 billion worth of electrical equipment and electronic components in the first half of 2023, a 1.3-fold increase year-on-year, according to the National Bank of Cambodia’s report. ...

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on ...

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

The Asian Development Bank is engaged in developing a new project called ‘Skills for Future Economy’ with the purpose of improving the industry in Cambodia, according to a senior officer of the Royal Government of Cambodia. ...