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, ...

On 2 August 2024, the National Bank of Cambodia issued a press release on facilitating the US Dollar Banknote circulation on their official website. According to the press, all Banking and financial institutions and money changers throughout Cambodia will be required to accept old or ...

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. ...

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. ...

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 ...

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). ...

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 ...

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.   ...

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 ...