Cambodia, Laos launch KHQR-LAOQR cross-border payments
The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501345965/cambodia-laos-launch-khqr-laoqr-cross-border-payments/
NBC to intervene in foreign exchange market
The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...
Kang Sothear
https://www.khmertimeskh.com/501351238/nbc-to-intervene-in-foreign-exchange-market/
Vietnam actively joins cross-border payment connectivity effort
Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand. ...
Khmer Times Staff
https://www.khmertimeskh.com/501349303/vietnam-actively-joins-cross-border-payment-connectivity-effort/
Soramitsu, the little-known blockchain firm behind Southeast Asia’s digital payment systems
Soramitsu, a Japanese company riding the wave of blockchain-based products supporting digital payments, has landed several deals with central banks. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363859/soramitsu-the-little-known-blockchain-firm-behind-southeast-asias-digital-payment-systems/
Consumer credit applications up 5 percent in third quarter
The personal loan market improved significantly in the third quarter of 2022, according to the Consumer Credit Index of the Credit Bureau Cambodia (CBC). In the third quarter, the number of consumer credit applications increased marginally from the second quarter, according to the latest report. ...
Sok Sithika
https://www.khmertimeskh.com/501178749/consumer-credit-applications-up-5-percent-in-third-quarter/
CBC keeps credit data of over 7M customers
Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) now maintains the credit data of more than seven million customers in its core system, 10 years after its establishment, according to its chairwoman Chea Serey. ...
May Kunmakara
https://www.phnompenhpost.com/business/cbc-keeps-credit-data-over-7m-customers
Bakong likely to make forays into Rwanda
National Bank of Cambodia (NBC) and the National Bank of Rwanda recently held talks to explore ways to establish Bakong online payment system in that country, said an NBC statement. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501315349/bakong-likely-to-make-forays-into-rwanda/
BFIs code of conduct fully implemented
After its rollout about a year ago, Cambodian banks and financial institutionals (BFIs) and members of the Cambodian Association of Finance and Technology (CAFT) have finally fully implemented the code of conduct and lending guidelines. ...
Kiripost staff writers
https://kiripost.com/stories/cambodia-bfis-code-of-conduct-fully-implemented
NBC celebrates 43rd anniversary of riel reintroduction
In a bid to raise public awareness of the usage of the national currency, National Bank of Cambodia (NBC) hosted a seminar on ‘Riel, Financial Literacy and Bakong’ at the Center for Banking Studies yesterday. ...
Adur Pradeep
https://www.khmertimeskh.com/501258631/nbc-celebrates-43rd-anniversary-of-riel-reintroduction/
Project aims to strengthen safe finance in communities
The National Bank of Cambodia (NBC) and Cambodia Microfinance Association (CMA) have rolled out a pilot campaign to promote financial literature, consumer empowerment and protection in Cambodian communities. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-project-aims-to-strengthen-safe-finance-in-communities
Central bank, CMA roll out local-level ‘safe finance’ plan
The Kingdom’s central bank and the Cambodia Microfinance Association (CMA) have jointly launched a project aimed at promoting financial literacy, consumer empowerment and consumer protections at the community level. ...
Yuth Vireak
https://www.phnompenhpost.com/business/central-bank-cma-roll-out-local-level-safe-finance-plan
NBC disseminates financial inclusiveness in Kampong Cham
The National Bank of Cambodia (NBC) on Thursday last week disseminated the country’s microfinance industry to local authorities in a district in Kampong Cham province mainly to promote financial literacy, increase financial inclusiveness and enhance protection of Banking and financial service consumers, said a release ...
Kang Sothear
https://www.khmertimeskh.com/501262574/nbc-disseminates-financial-inclusiveness-in-kampong-cham/
CBC’s CEO talks digitalization, alternative data and financial health checks
Cambodia cemented itself as a regional leader in the finance sector when the nation signed a deal with Singapore in March to exchange consumer credit information. This marked the region’s first cross-border initiative between two countries’ credit bureaus. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-cbcs-ceo-talks-digitalization-alternative-data-and-financial-health-checks
World Bank report explores path to climate-resilient economy
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. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-world-bank-report-explores-path-to-climate-resilient-economy
NBC committed to promoting sustainable financing, says Serey
The National Bank of Cambodia (NBC) is committed to promoting sustainable financing, which has been categorised as one of the key priorities within the first phase of the Pentagonal Strategy, its Governor Dr Chea Serey said on Friday. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501404710/nbc-committed-to-promoting-sustainable-financing-says-serey/
NBC promote green finance
The National Bank of Cambodia (NBC) and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) have entered into a memorandum of understanding (MoU) to promote sustainable finance in Cambodia. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-promote-green-finance
NBC injected $139 million to stabilise riel in 2023
The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central Bank’s report released on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501431035/nbc-injected-139-million-to-stabilise-riel-in-2023/
World Bank approves $79.5 million in financing to strengthen education in Cambodia
The World Bank’s Board of Executive Directors has approved an additional $79.5 million for the expansion of ongoing activities aimed at improving access to quality education throughout Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501498328/world-bank-approves-79-5-million-in-financing-to-strengthen-education-in-cambodia/
Government Mulls Issuing Sovereign Bonds
Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...
http://www.cambodiadaily.com/business/government-mulls-issuing-sovereign-bonds-21989/
Graduates lacking skills: report
EVEN though about 50 per cent of Cambodian university students studied business management, the banking sector has been hesitant to recruit them, insiders said yesterday. A 2010 report by the recruitment agency HRINC (Cambodia) projected that the supply of business, marketing, management, banking and finance, economics ...
http://www.phnompenhpost.com/2013030561746/Business/graduates-lacking-skills-report.html