The Bank for Investment and Development of Cambodia (BIDC), a subsidiary of the Bank for Investment and Development of Viet Nam (BIDV), has been named as one of the five biggest Banks in Cambodia after three years of operation BIDC general director Nguyen Van Hien said ...

The National Bank of Cambodia ( NBC), which is the regulator of the Banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...

An inter-governmental anti-money laundering group has stopped monitoring Cambodia after it said the Kingdom had made “significant progress” toward fighting financial crimes. ...

A report released by the World Bank on Tuesday highlighted Cambodia as the most improved country in terms of businesses getting credit, due to the establishment of the country’s first credit bureau in March. Cambodia ranked 133 out of 185 in the World Bank’s report, up from 141 ...

During an interview with CoinDesk’s online web show, “Money Re-imagined”, the Director-General and Assistant Governor of the National Bank of Cambodia (NBC) Chea Serey explained how the central Bank is working towards financial inclusion by encouraging the opening of formal savings accounts. ...

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

An expected 4,500 Cambodians are expected to be working in South Korea by the end of the year, up from the estimated 2,915 according to the Ministry of Labour. The strong economy in Korea combined with a Buddhist background is a big draw for the ...

Foreign Affairs Minister Hor Namhong said yesterday that the contentious issue of the South China Sea should not become an international issue, but must be solved among the region’s neighbors. Speaking to reporters at the Foreign Affairs Ministry alongside visiting Australian Foreign Affairs Minister Bob Carr, ...

Two Cambodian fishermen, trafficked into slave labour in South Africa in mid-2011, returned safely to Phnom Penh on Friday after being rescued by legal resource group the Community Legal Education Center. ...

The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday. The total number of new businesses increased from 1,401 ...

A South Korean company on Monday completed a $100,000 energy-efficient street light initiative in Pursat province, and said it will now invest $100 million to construct a factory to manufacture the lights, officials said. The Global Digital Media Group Co. Ltd. installed 200 light-emitting diode (LED) ...

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

The number of Chinese visitors to Cambodia’s Angkor Wat temple, one of the World Heritage Sites, has reached 161,700 in the first six months of this year, a 17 percent rise over the same period last year, an official data showed Friday. The data from the ...

Prime Minister Hun Sen has reiterated that Cambodia will work hard to achieve consensus on the Code of Conduct (COC) for the South China Sea while chairing the ASEAN Summit next year and urged claimants to actively negotiate. ...

His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia, has signed into law the ratification of the Free Trade Agreement between Cambodia and South Korea on January 29, 2022, after it was cleared by the National Assembly and Senate. ...

U.N. human rights envoy Surya Subedi on Tuesday received a thorny reception from hundreds of students at a Phnom Penh university, who angrily questioned his impartiality and unfurled banners calling for him to end his work in Cambodia. Special rapporteur Subedi delivered a lecture to about ...

Both deposits and loans in Cambodia’s banking sector increased about 30 per cent last year, a rise that industry insiders say is a productivity boost for the Kingdom’s economy. By the end of December, deposits at all Cambodian banks reached $10 billion, a 32 per cent ...

Cambodia’s central bank will use its upcoming Second Macroeconomic Conference to discuss how best to promote the use of the riel and hasten de-dollarisation in the economy, according to an official release yesterday. ...

PHNOM PENH — Cambodia’s low-rise capital city is reaching for the sky—again. Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed ...

Construction of a much-awaited seaport in the coastal province of Kampot began yesterday, with insiders saying the upcoming harbour will boost maritime transportation with Vietnam and Thailand and bolster the local tourism industry and the national economy. ...