Cambodia’s central bank says foreign reserves increased to $18.4 billion as of June
Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501334799/cambodias-central-bank-says-foreign-reserves-increased-to-18-4-billion-as-of-june/
Cambodia sees significant increase in digital payments with e -wallets exceeding 20.2 million
Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501336216/cambodia-sees-significant-increase-in-digital-payments-with-e-wallets-exceeding-20-2-million/
Rising Riel in circulation earns demand in public
The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501140924/rising-riel-in-circulation-earns-demand-in-public/
$300M maiden sovereign-bond issue set to begin on Sept 7: NBC
The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national ...
May Kunmakara
https://www.phnompenhpost.com/business/300m-maiden-sover-eign-bond-issue-set-begin-sept-7-nbc
Financiers taking national ID cards as collateral to face action
Cambodia’s Ministry of Interior has issued a warning against the use of national identity cards as collateral for loans as it violates the guidelines of the National Bank of Cambodia (NBC). ...
Nhean Chamrong
https://www.khmertimeskh.com/501321287/financiers-taking-national-id-cards-as-collateral-to-face-action/
Battambang province gets new landfill facility
The province’s new landfill site was built on a total area of 20.80 hectares in Paoy Svay village, Ta Kream commune, Banan district. It has four pits to store garbage, a waste treatment plant, a warehouse to store hazardous waste, and several residential buildings. ...
Sem Brakdav
https://cambodianess.com/article/battambang-province-gets-new-landfill-facility
Press releases on online and mobile scams
On 22 March 2023, the National Bank of Cambodia (NBC) issued a press release to inform the public that recently, some crooks have tried to defraud money in all forms on social media such as Telegram, Facebook, TikTok, telephone, etc., while the digital technology sector ...
National Bank of Cambodia (NBC)
Cambodia signs MoUs with Solomon Islands, Fiji on financial innovation, payment system
Cambodia has signed Memorandums of Understanding (MoUs) with the Solomon Islands and Fiji to extend the collaboration in the areas of financial innovation and payment system, said a joint statement on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501245103/cambodia-signs-mous-with-solomon-islands-fiji-on-financial-innovation-payment-system/
Cambodia launches project to promote financial literacy at local level
The National Bank of Cambodia (NBC) and the Cambodia Microfinance Association (CMA) have jointly launched the “Safe Finance in Community” project to promote financial literacy, rights and consumer protection in communities, a press statement said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501246625/cambodia-launches-project-to-promote-financial-literacy-at-local-level/
Credit growth too high, especially in real estate sectors
In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-credit-growth-too-high-especially-in-real-estate-sectors
New initiatives in Cambodia revolutionise payment options for tourists
Cambodia is set to expand its payment options for tourists by implementing blockchain-based central bank digital currency (CBDC) partnerships. This move is part of the country’s strategy to modernize its tourism sector, recognizing the significant role it plays in the Cambodian economy. ...
Khmer Times Staff
https://www.khmertimeskh.com/501405449/new-initiatives-in-cambodia-revolutionise-payment-options-for-tourists/
Cambodia charts 1.8b digital payments, valued at $492b in 2023
Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...
Meas Molika
https://kiripost.com/stories/cambodia-charts-18b-digital-payments-valued-at-492b-in-2023
FDI inflows hit $48.4 billion in Cambodia in six years
Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...
Rachel David
https://www.khmertimeskh.com/501509131/fdi-inflows-hit-48-4-billion-in-cambodia-in-six-years/
More Cambodian borrowers of MFIs are buying land than selling
The financial standing of Cambodian borrowers has seen improvement over the years in many cases, as per data with the Cambodian Microfinance Association (CMA). ...
Rachel David
https://www.khmertimeskh.com/501523109/more-cambodian-borrowers-of-mfis-are-buying-land-than-selling/
ADB launches panel discussions on new five-year country strategy for Cambodia
The Asian Development Bank (ADB), in partnership with the Ministry of Economy and Finance and the Cambodia Development Resource Institute (CDRI), yesterday launched the first of a series of panel discussions aimed at operationalising its new five-year country strategy for Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501566530/adb-launches-panel-discussions-on-new-five-year-country-strategy-for-cambodia/
Vietnamese bank upgrades business form to boost investment in Cambodia
The increasing number of Vietnamese investors gives more potential to the Cambodia market. Saigon Though Tin Commercial Bank (SacomBank), on October 5, opened fully its operation as a foreign Bank in Cambodia where before it was just a branch in Phnom Penh after the business ...
Confidence at central bank
As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in ...
http://www.phnompenhpost.com/2013062566455/Business/confidence-at-central-bank.html
New financing will support Cambodia in improving higher education for industrial development
On 26 April 2018, the World Bank’s Board of Executive Directors approved US$90 million in financing to support Cambodia’s efforts in improving the quality of higher education and research in the country and broadening access to higher education for disadvantaged students. Over the next six years, ...
The World Bank
