Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

The Central Bank has reported that the total value in the leasing industry was recorded at  1,169 billion KHR ($287million), an increase of about  63 percent in 2019 compared with the year before. ...

Six months since the central bank launched its FAST payment system, a new scheme to provide instant riel-denominated fund transfers between financial institutions and their clients, the bank recorded a total fund transfer of 10 billion riel ($2.5 million) as of end-2016. ...

The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed Banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...

Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual ...

On 30​ August 2023, the Cambodia Microfinance Association (CMA) and the Association of Banks in Cambodia issued a joint press release on the launch of the Standard Loan Contract and Standard Text of Contractual Terms to strengthen consumer protection and fair competition in Banking and ...

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

On 17 April 2023, the National Bank of Cambodia issued a press release on the memorandum of understanding (MoU) on “Cooperation in Different Area of Financial Sector Development” between the National Bank of Cambodia and the National Bank of Rwanda.The main purpose of this MoU ...

Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. ...

Adoption of digital payments has helped in reducing remittance costs, said Chea Serey, Governor, National Bank of Cambodia at a panel discussion on ‘Sustainable Capital: Environmentally Consolidated Finance’ on Monday at the Dubai Fintech Summit in UAE. ...

For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...

South Korea’s state-run deposit insurer opened its first overseas branch in Phnom Penh yesterday in a move to sell off the bank and property assets of Korean banks that went belly up in 2011. ...

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 ...

The South Korean government is looking to procure farmland aboard, approximately 380,000 hectares by the year 2018. The government is providing assistance to companies that lease arable land or buy stakes in overseas operations and are looking for such potential in Cambodia as well as ...

Prime Minister Hun Sen on Friday urged the economic leaders of the Asean bloc to go through with a plan to double a bailout pool, funded largely by China, Japan and South Korea, to prevent future financial crises in the region. Opening the Asean Finance ...

Cambodia has greeted some 3.2 million foreigners in the first eleven months of 2012, up 24 percent compared with 2.58 million visitors in the same period a year earlier, showed the latest statistics of Tourism Ministry on Thursday. From January to November last year, Vietnam topped ...

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. ...

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 ...