The Agricultural and Rural Development Bank (ARDB) on Wednesday confirmed its 2021 budget as $80 million to provide loans to rice mills and exporters so that they can purchase the rice from farmers. ...

Digital payments are becoming crucial to the management of daily expenses, especially during Covid-19 when social distancing is the norm, according to National Bank of Cambodia (NBC) director-general Chea Serey. ...

The Asian Development Bank (ADB) has approved an $82 million loan to improve approximately 48km of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion’s (GMS) southern economic corridor. ...

Talks are underway between the Environment Ministry and the World Bank on a six-year project to improve the management of solid waste and plastics in the Kingdom. ...

Chief (Cambodia) Commercial Bank Plc (Chief Bank) has teamed up with local real estate company Zillennium Co Ltd as part of the Bank’s plans to expand the user base of its ‘Chief Easy’ micro-lending app. ...

The Ministry of Public Works and Transport (MPWT) and the World Bank have discussed road infrastructure development projects and wastewater treatment plants in Cambodia. ...

Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

The Ministry of Water Resources and Meteorology has asked the World Bank to develop a management plan for the Tonle Sap and Mekong rivers to ensure water resources, improve flood prevention and restore vulnerable rivers. ...

The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...

Royal Government of Cambodia (RGC) and the Asian Infrastructure Investment Bank (AIIB) Tuesday signed an agreement worth $43 million for the cross-border livestock health and value chain infrastructure improvement project, said a statement. ...

Cambodia’s demand for electricity is increasing each year and the country is not only committed to sustaining their economic competitiveness and growth but also is eager to reduce its carbon dioxide emissions in the energy sector by 16% by 2030 as it transitions to cleaner ...

Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...

Cambodia’s level of development of government technology measured by the GovTech Maturity Index (GTMI) has been upgraded by the World Bank (WB) to Grade B from C for 2022. ...

A 60MW solar photovoltaic (PV) power plant in southwestern Kampong Chhnang province, part of the 100MW National Solar Park, was connected to the national grid on November 11, in a move to provide the people with more power resources, reported the Asian Development Bank (ADB). ...

The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ...

Cambodia will likely start implementing a massive reskilling and upskilling project with the support of the World Bank in 2024 for which the Bank has proposed an allocation of $40 million. A number of training institutions (TIs) and job centres (JCs) will be set up ...

Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...

The Tonle Sap Basin is now home to a new $4 million landfill. This crucial addition, part of the Second Urban Environment Management project, is set to enhance sanitation and environmental management services around the lake, part of which is located in Kampong Thom province. ...

In a bid to uplift the livelihood of farmers and propel the government’s ambitious export plan, Kao Thach, director-general of the Agricultural and Rural Development Bank (ARDB), has called on rice mills and milled rice export companies to purchase rice from farmers at market price. ...