In a bid to promote cross-border economic activities using local currencies, the National Bank of Cambodia (NBC) is expanding the operations of its Bakong blockchain-based payment system to Vietnam, Laos, Myanmar, China, and India. ...

The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...

Small and Medium Enterprise Bank of Cambodia Plc. has approved loans to 346 tourism-related firms totalling $53.46M or 35.64 percent of the $150M budget, said a top official of the Bank. ...

National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central Banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share ...

The banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. ...

Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National bank of Cambodia (NBC) deputy governor Chea Serey. ...

The Ministry of Economy and Finance plans to raise approximately 28 billion riel ($6.8 million) through the issuance of sovereign bonds via the National Bank of Cambodia’s (NBC) online trading platform (NBCP), aiming to garner additional funds from the capital market for public investments. ...

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. ...

The World Bank has launched the Cambodia Country Climate and Development Report (CCDR), which provides critical insights into the Kingdom’s response to climate change and its impact on development goals. ...

Financial literacy among Cambodia’s youth is slated to receive a boost after an agreement was signed between SOSORO Museum and the Association of Banks in Cambodia (ABC) to enhance youth’s educational awareness about their money affairs. ...

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...

Even though no one has been brought to justice, authorities have provided life jackets to four boat operators and are studying the construction of a bridge across the Stung Sen River at the site where a boat sank, killing one of 15 students on board, ...

Consumer loans increased by 12 percent in the first half of 2024 compared to the previous year’s figure of 10.5 percent, said Association of Banks in Cambodia (ABC) Chairman and MayBank CEO Rath Sophoan at the Cambodia Banking Conference 2024, on Thursday. ...

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

Japanese Bank of Tokyo-Mitsubishi UFJ (BTMU) signed an agreement yesterday with local Canadia Bank to shore up Japanese growth in Cambodia and to demonstrate its confidence in the Kingdom’s financial sector. BTMU’s managing executive officer, Takami Onodera, and Pung Kheav Se, chairman of Canadia Bank, yesterday ...

Prime Minister Hun Sen said Cambodia has done many things in contribution to ASEAN, including the entry into force of the Regional Comprehensive Economic Partnership (RCEP) and the signing of the Declaration on the Conduct of Parties in the South China Sea. (DOC). ...

Cambodia’s economic growth could surpass previous estimates and hit 8.7% this year, Prime Minister Hun Sen said in a speech yesterday. Earlier government forecasts estimated growth of 6% for 2011, though increasing garment exports and a strong recovery in the tourism sector have stimulated the economy ...

The government on Tuesday said it had “noted” 25 recommendations made by the UN Human Rights Council’s Universal Periodic Review (UPR), saying they were part of a political agenda and linked to the dissolved Cambodia National Rescue Party (CNRP). It accepted the other 173 recommendations ...

A new study has predicted that even if Cambodia manages to eradicate so-called “human” strains of malaria by 2025 – a key government goal – it will continue be at “high risk” of infections from a strain of the parasite more typically found in wild ...

Youth organizations and civil society organizations are calling on the Ministry of Health to push ahead with a proposed law regulating the sale of alcohol, saying that alcohol is damaging the country’s development.   ...