Cambodia approved a total of $479.68 million in new investment projects between January and June with more than 70 new ventures in the pipeline, according to date released yesterday by the Council for the Development of Cambodia (CDC). Investments in the garment sector continued to dominate new investments, comprising 49 of ...

Skywings Asia Airlines completed its maiden voyage from Seoul to Sihanouk International Airport on Tuesday, marking the launch of seasonal direct charter flights between Sihanoukville and South Korea. The new service, which will run from July through August, will connect the beach resort to the large ...

Cambodia-Republic of Korea (ROK) bilateral trade rose by 4 percent to $659 million in the first ten months of this year, compared to the same period last year. ...

Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local Banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...

Following an appeal by Prime Minister Hun Sen for the country’s youth to better understand his self-titled “win-win policy,” which he credits for ending the civil war and peacefully reintegrating the Khmer Rouge, the premier Monday delivered an hourlong lecture on the topic to about ...

The World Bank is under pressure to review some of its policies around the world to ensure that in countries like Cambodia it is not funding the wrong projects. In a discussion at George Washington University this week, panelists said the World Bank is needed for ...

Despite the apparent spontaneity of a protest against U.N. human rights envoy Surya Subedi at a university in Phnom Penh on Tuesday night, it emerged Wednesday that one of the apparent leaders of the demonstration is associated with a youth organization aligned with the ruling ...

“From my view, I don’t want to have it, but it is development, we can’t stop them,” says Srekor’s village chief, Leang Saroeurn. Cambodia’s impressive yearly GDP growth rates of 7 percent for the last decade have come, in part, through a ravenous consumption of the countries ...

Moody’s Investment Services yesterday announced a change in outlook for Cambodian Public Bank to “negative” from “stable”, citing increasing risks in the Kingdom’s Banking system and exposure to slow-downs in Western markets. While CamPu Bank country head Phan Ying Tong said yesterday the company’s financial position ...

The National Bank of Cambodia this week signed a Memorandum of Under-standing with the State Bank of Vietnam that would allow for the exchange of information to fight money laundering and terrorism financing. The MoU, signed by NBC Governor Chea Chanto and SBV Governor Nguyen Van ...

The National Bank of Cambodia (NBC) will unveil its initial rates that Banks and microfinance institutions (MFIs) will be able to use, as the NBC begins its liquidity-providing collateralized operation (LPCO) to boost the country’s riel liquidity, according to a senior Bank official. ...

In an effort to help small and medium-sized rice millers and exporters that are presently unable to provide suitable collateral to qualify for the government’s emergency $27 million rice loan, the National Bank of Cambodia (NBC) has joined with the Cambodia Rice Federation (CRF) to ...

The National Bank of Cambodia (NBC) will soon begin a national payment system that will allow the clearance of checks at all Banks within a day, as well as facilitate intra-Bank electronic payments, Nguon Sokha, director general of the NBC, said yesterday. Through the establishment of the national ...

Maruhan Japan Bank yesterday became the first commercial Bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...

PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...

The International Monetary Fund (IMF) on Monday forecast Cambodia’s economy will grow by 7.2 per cent this year, 0.2 percentage point higher than last year. ...

Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without ...

Tokyo: Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institutions indicated on Wednesday. During a conference held by the Japan International Cooperation Agency ...

The World Bank has approved $20 million for Cambodia’s Covid-19 response and its strategic plan to combat the virus. ...

The World Bank has approved  $93 million credit from the International Development Association (IDA) for the Cambodia Land Allocation for Social and Economic Development Project III (LASED III). The project will help improve land tenure security and access to infrastructure and agricultural and social services ...