PHNOM PENH: the World Bank here said May 23 that the economic growth of Cambodia will project 6.6 percent even though it slightly downed from last year growth, which was 6.9 percent. “Cambodian economy has continued its high growth path as real GDP expanded by 6.9 per cent in 2011 and is expected to ...

The Phnom Penh Municipal Court on Monday heard the case of a Malaysian and a Sri Lankan charged with using fake bank cards to withdraw up to $50,000 from ATMs during Khmer New Year in 2012. Delvin Joshap, 30, of Malaysia, had masterminded the crime and ...

Canadia Bank said on Thursday it was investigating how two fake $100 notes were allegedly given to a customer who cashed a check. The customer, Eam Sopheap, a human resources manager at The Cambodia Daily newspaper, said he received two fake $100 notes from a teller ...

The National Committee for Disaster Management said yesterday that the government has made provisions for this year’s rainy season. More than 10,000 tonnes of rice, emergency supplies and rescue vehicles have been prepared ahead of predicted flooding, committee deputy director Nhim Vanda said yesterday at a ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s economy is forecast to grow by 7. 5 percent in 2014, driven by steady growth in agriculture, garment export, tourism, and construction. ...

Cambodia on Monday launched a five-year policy and action plan for early childhood care and development with an aim to increase enrollment and enhance protection for children aged less than six years old. ...

The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the Bank said in a press statement.​ The agreements cover a rural roads improvement project, a technical and vocational ...

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, Banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the Bank’s International Finance Corporation ...

The World Bank is contemplating a $25-million project to build up 15 social land concessions (SLCs) across Cambodia and could approve the scheme as soon as December, according to a proposal posted to the Bank’s website late last month, a move that would end its ...

A return to political stability means business confidence in the Cambodian economy remains buoyant, but ongoing government reforms are now needed to give companies greater assurance of future growth prospects, according to the latest business confidence survey from ANZ Royal Bank. The ANZ Royal Business Confidence ...

Asian Development Bank (ADB) President Takehiko Nakao on Tuesday pledged to provide continued support to Cambodia for socio-economic development, a Cambodian spokesman said. He said the nation’s poverty rate had fallen from 53 percent in 2004 to 18 percent in 2014. ...

Villagers in a remote district of northeast Cambodia’s Kratie province say obtaining medical treatment has become extremely difficult since the government reinforced a ban on unlicensed health workers and clinics earlier this month in the wake of a mass HIV infection last year. ...

The Ministry of Environment is working with the World Bank to prepare a Sustainable Landscape and Eco-tourism project to improve the effectiveness of natural resources management, eco-tourism and the value chains of non-timber forest products in targeted provinces. ...

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. ...

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. ...