Students finishing their secondary education this year are carefully looking at market demand to decide what to study to ensure solid future earnings. Many educators say the recent growth of the construction sector in Cambodia is encouraging parents and students to enroll at the universities of ...

Cambodia will submit a human rights report to the U.N. today for a universal periodic review (UPR), the second time it is participating in the process, according to the Council of Ministers’ Press and Quick Reaction Unit. Under the UPR process established in 2006, the Human ...

A call for the Cambodian government to lift its controversial ban on public assembly is among 34 such recommendations it has chosen to defer in the wake of last week’s second Universal Periodic Review (UPR) of its human rights situation. The UN on Saturday released a ...

Cambodia called Monday for the further deepening of ASEAN’s financial cooperation with China, Japan and South Korea. According to a paper circulating at a gathering of leaders to mark 15 years of cooperation between the 13 countries, so-called ASEAN+3 financial cooperation has “achieved many solid outcomes” ...

Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media ...

The National Bank of Cambodia (NBC) decided not to raise the reserve requirement rate for commercial Banks from the current 12 per cent to 16 per cent although the country’s inflation has gradually increased, Nguon Sokha, NBC’s director general, said yesterday. “After the meeting of ...

Cambodia’s total foreign reserves jumped to US$3 billion in the first half of 2011, up from $2.7 billion at the end of last year, according to the National Bank of Cambodia. The reserves help to bolster the Kingdom’s financial standing, which in turn draws investor interest ...

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...

The Asian Development Bank (ADB) on Wednesday signed a 75 million U.S. dollars loan with Cambodia’s largest Bank, Acleda Bank, to address the rising financing requirements of micro, small and medium-sized enterprises (MSME) in the country. The agreement was inked between Christine Engstrom, director in ADB’s ...

Acleda Bank has reinvested $39 million of profits back into its operations instead of paying out dividends to shareholders, an announcement on its website states. It is the 11th time Alceda has opted to increase registered capital, with the latest top-up taking the Bank’s total capital ...

The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s Banking and microfinance sectors have seen enormous growth in recent years with ...

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund. Amid such growth, banks will be challenged to drastically expand their operations and will ...

Maybank Cambodia launched its first mobile application, which features Augmented Reality and QR Code Reader, on Saturday. ...

PHNOM PENH—In its home country, the Cambodian riel has long played second fiddle to the U.S. dollar—but a new stock exchange and government de-dollarization policies could bolster it in coming years, policy makers and experts say. Dollars change hands with greater frequency than riel in the ...

Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...

Cambodia on Tuesday officially inaugurated the National Council on Green Growth, aiming at developing a sustainable economic society with natural resource and environment sustainability. Cambodia has adopted several legal instruments for the green growth implementation. Those included the roadmap for green growth, the memorandum of ...

Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...

Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year. ...

The National Bank of Cambodia (NBC) has rejected two license applications and revoked the licenses of 24 microfinance institutions operating outside the capital, according to an announcement released Wednesday. ...