On 06 April 2021, Cambodian Youth Network and civil society groups issued a joint statement requesting the Royal Government to directly introduce measures to all microfinance institutions (MFI) and banks to suspend all loan repayments and interest accrual for at least three months in order ...

South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...

Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Witnessing the merger between PRASAC Minority Depository Institution (MDI) and Kookmin Bank Cambodia, the Governor of the National Bank of Cambodia (NBC) Chea Serey expressed hope to see more consolation happening in the industry to boost its resilience and efficiency. ...

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

Another person was diagnosed with monkeypox on Tuesday, bringing to four the number of cases of the illness in Cambodia, the Ministry of Health announced. ...

From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public Offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...

Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

To promote the use of open data, ODC collaborates with several universities in Cambodia to support young researchers with their theses. In 2018, ODC and the East-West Management Institute (EWMI) signed a Memorandum of Understanding (MoU) with the Preak Leap National Institute of Agriculture to ...

Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...

Prices in Cambodia rose 5.4 per cent year-on-year in February, as fuel costs continued to push inflation higher, according to data from the National Institute of Statistics released yesterday. Foodstuffs, however, saw declines following demand that was driven by Chinese New Year, though paddy prices were ...

A group of 19 non-governmental organisations and associations have urged the Kingdom’s legislative and executive bodies to expedite the passage of a draft law on freedom of information, which the group said had been delayed for years. ...

As the Kingdom anticipates population growth to reach 20 million by 2030, Prime Minister Hun Sen yesterday predicted that most citizens will eventually gravitate towards urban areas. According to Mr Hun Sen during a speech in Phnom Penh, the population of Cambodia could even potentially ...

The Shenzhen Urban Planning and Design Institute has been commissioned to undertake a masterplan to transform Sihanoukville into a modern sprawling metropolis, using the Shenzhen experience as its secret recipe. ...

Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets.​ ...

Cambodia’s new Traffic Law has been a runaway success for road safety, Interior Minister Sar Kheng claimed yesterday, hours after a collision between two trucks carrying garment workers left two dead and nearly 60 injured.   ...

Experts warn that Cambodia still faces the prospect of violence and atrocities, as human rights abuse and other social injustices persist.But Cambodia’s leaders still have the “responsibility to protect” the country’s citizens, according to standards issued by the UN. ...

Sustainability Finance Real Economies SICAV – SIF (SFRE, pronounced Sapphire) has made an investment totalling USD 4 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks. ...