Cambodia and China have entered into cooperation on financial innovation and clearing and settlement arrangements, to facilitate efficient and secure cross-border payment transactions between the two countries. ...

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. ...

Microfinance as a sector has been key in helping bring about economic and social development in Cambodia stressed Sok Voeun, chairman of Cambodia Microfinance Association last Friday. ...

The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...

The banking and financial industry has remained strong despite uncertainties on global economic growth causing the bankruptcies of banks in some countries. ...

The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...

The Association of Banks in Cambodia (ABC) has committed to further increase the usage of riel through its members’ operations, as the local currency is now increasingly used in cash and digital transactions. ...

The new financial development strategy for the next five years aims to help the financial sector bag greater achievements as it supports inclusive economic development, contributing to reducing poverty nationwide, said Chea Serey, Governor of the National Bank of Cambodia (NBC). ...

Approved investments in Cambodia reached $5.6 billion during the first nine months of the year, a 305 percent increase compared to the same period the year before, according to data from the Council of the Development of Cambodia (CDC). Last year’s approved investments during the same ...

The drafting of a law on e-commerce that would regulate electronic transfers in Cambodia has been postponed because the World Bank has suspended funds over the government’s handling of land evictions in Phnom Penh. In September, Commerce Minister Cham Prasidh said that the government should aim ...

Cambodia’s current accounts deficit has increased in recent years, but is not yet a cause for concern, according to experts. The Asian Development Bank’s July update showed Cambodia’s current accounts deficit stood at 11 percent of GDP in 2010, and statistics show the trade gap ...

Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way ...

The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...

The Cambodian Rice Federation (CRF) plans to borrow at least $400,000 for international marketing campaigns if it fails to meet its goal of raising $777,000 for the plans through imposing export fees on its members, the organization’s president said Friday at CRF’s annual conference. ...

The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by Banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...

At least $1 billion in surplus liquidity is sitting idle in Cambodia’s banking system and could be unlocked if the central bank implemented a more effective interbank lending mechanism, experts say. ...

Foreign Minister Prak Sokhon defended Cambodia’s position on the South China Sea issue during a press conference at the Foreign Ministry yesterday, denying accusations that the Kingdom’s opposition to any joint Asean statement in support of the Philippines was tied to large loans and grants ...

China promised Cambodia funds for a variety of projects during a meeting between Prime Minister Hun Sen and Chinese Prime Minister Li Kequiang during this week’s Asean Summit in Vientiane, a minister attached to Mr. Hun Sen told reporters on Thursday night. ...

Cambodia will know by the early hours of tomorrow whether its bid for a seat on the UN Security Council has been a success. The Kingdom is up against South Korea – the home country of UN Secretary-General Ban Ki-moon – and Bhutan for the Asia-Pacific ...

Philippines Vice President Jejomar Binay says Cambodian Prime Minister Hun Sen supports the signing of agreements between Manila and Phnom Penh in rice trading and in fighting transnational crime. Cambodian officials have also expressed interest in launching direct flights between Manila and Phnom Penh. ...