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NBC gives banks, MFIs greenlight to issue bonds

The National Bank of Cambodia (NBC) announced on Friday that local banks and microfinance institutions (MFIs) can now issue corporate bonds or list equity securities on the nascent Cambodian stock market, a move industry insiders claim will help financial institutions raise capital and be less ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-gives-banks-mfis-greenlight-issue-bonds

Minister: Agribusiness ripe with opportunities

Minister of Agriculture, Forestry and Fisheries Dith Tina advised students studying economics at CamEd Institute to keep an open mind about what to study and which expertise to acquire, encouraging them to consider agribusiness. ...

Rann Reuy
https://www.phnompenhpost.com/business/minister-agribusiness-ripe-opportunities

Cambodia to host international forum on digital government

The Government, in coordination with the Ministry of Post and Telecommunications and other stakeholders, plans to organise a Cambodia-International Forum on Digital Government and Digital Technology to showcase the achievements of digital Technology in governance. ...

Hang Punreay
https://www.khmertimeskh.com/501442100/cambodia-to-host-international-forum-on-digital-government/

Seed strategy to boost agriculture

A national strategy for enhancing seed quality and production was presented to the public last week. The plan was developed by the Ministry of Agriculture in cooperation with the International Rice Research Institute (IRRI), and outlines a set of initiatives to improve the production and ...

Chea Vannak
https://www.khmertimeskh.com/50570964/seed-strategy-to-boost-agriculture/

Riversgold to use IPO proceeds in its search for Mondulkiri gold

Riversgold, an Australian gold exploration startup, will use the proceeds of its upcoming initial public offering (IPO) to acquire and develop mineral exploration projects in Australia, the US and Cambodia, according to a company prospectus. ...

Cam McGrath
http://www.phnompenhpost.com/business/riversgold-use-ipo-proceeds-its-search-mondulkiri-gold

PPSEZ IPO fully subscribed

After an unexpected surge in Thai investor interest, Phnom Penh SEZ Plc has secured sufficient commitments to fully cover the strategic and bookbuild share allocations of its initial public offering (IPO), and has determined an issue price for shares to be listed on the Cambodian ...

Cam McGrath
http://www.phnompenhpost.com/business/ppsez-ipo-fully-subscribed

New NBC guidelines on financial institutions

The National Bank of Cambodia (NBC) has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a letter it wrote. ...

Sok Chan
https://www.khmertimeskh.com/50717330/new-nbc-guidelines-on-financial-institutions/

MFI credit risk relatively low, NBC’s Serey says

On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...

Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says

PM urges the strengthening of intellectual property rights

Prime Minister Hun Manet urged the Ministry of Culture and Fine Arts, including relevant institutions, to strengthen work related to intellectual property, copyright, and related rights to prevent plagiarism and to amend the relevant legal framework in line with the development of technology. ...

Torn Vibol
https://www.khmertimeskh.com/501453587/pm-urges-the-strengthening-of-intellectual-property-rights/

Business owners embrace new online registration system

The number of companies registered via the government’s new online business registration system was confirmed as 287 as of July 29, while 323 companies are pending approval, according to data from the Ministry of Economy and Finance (MEF). ...

Sok Chan
https://www.khmertimeskh.com/50751123/business-owners-embrace-new-online-registration-system/

Announcement on the launch of public services related to employment and vocational training through automation system

On 06 January 2021, the Ministry of Labour and Vocational Training issued an announcement on the launch of public services related to employment and vocational training through the automation system. In order to enhance the use of information technology systems in the era of industrial ...

Ministry of Labour and Vocational Training

Download: pdf

Official launch of the Business Registration System on Information Technology Platform Phase 2

On 01 September 2021, the Ministry of Economy and Finance issued a press release on the official launch of the Business Registration System on Information Technology Platform Phase 2 collaborated with many ministries and departments. It was officially launched on September 01, 2021 at 9am, ...

Ministry of Economy and Finance

Download: pdf

MEF, ABA Bank partner to develop digital economy and fintech

The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech

Fintech helped us reduce costs, NBC Governor tells Dubai Fintech Summit

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501485201/fintech-helped-us-reduce-costs-nbc-governor-tells-dubai-fintech-summit/

Lenders foresee challenges in raising the local currency ratio

Commercial lenders have said the central bank’s requirement that banks and microfinance institutions (MFIs) increase the share of local currency in their loan portfolio to at least 10 percent by the end of 2019 could prove challenging to implement as their biggest clients exhibit a ...

Hor Kimsay
http://www.phnompenhpost.com/business/lenders-foresee-challenges-raising-local-currency-ratio

Report: Banking system healthy

Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...

May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy

New milestone for financial technology

Techo Startup Centre (TSC), under the Ministry of Economy and Finance and the association of banks in Cambodia, yesterday signed a memorandum of understanding (MoU) on cooperation to promote financial technology systems in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50767710/new-milestone-for-financial-technology/

‘Fintech playing key role in financial inclusion efforts’

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/

RTB Technology to refocus on connected devices

RTB Technology, an IT-gadget distributor, is gearing up to cash in on the emerging market for connected devices as it aims to grow revenue this year by 10 per cent to Bt450 million. However, apart from expanding its line of products to cover the two ...

Asina Pornwasin
http://www.nationmultimedia.com/business/RTB-Technology-to-refocus-on-connected-devices-30262946.html

Looking forward: Cambodia unveils FinTech policy 2023-28

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Hin Pisei
https://phnompenhpost.com/business/looking-forward-cambodia-unveils-fintech-policy-2023-28

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