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Paris Peace Agreement commemorated with 30k note

The government will put a 30,000 riel banknote into circulation to celebrate the 30th anniversary of the Paris Peace Agreement. ...

Yin Soeum
https://www.khmertimeskh.com/50954269/paris-peace-agreement-commemorated-with-30k-note/

ADB provides $180 million in loan for urban services in Cambodia

The Asian Development Bank (ADB) has approved a $180 million loan to help three cities in Cambodia improve urban infrastructure and boost economic competitiveness. ...

Khmer Times Staff
https://www.khmertimeskh.com/50973878/adb-provides-180-million-in-loan-for-urban-services-in-cambodia/

WB, IDA approve $69.25M to help Cambodia improve access to education

The World Bank and International Development Association yesterday approved US $69.25 million to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting the education system. ...

Ashok Patnaik
https://www.khmertimeskh.com/501010000/wb-ida-approve-69-25m-to-help-cambodia-improve-access-to-education/

World Bank gives key recommendations for Cambodia’s economic recovery

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

Khmer Times Staff
https://www.khmertimeskh.com/501016942/world-bank-gives-key-recommendations-for-cambodias-economic-recovery/

Cambodia gets $113 million World Bank healthcare financing

The World Bank approved $113 million in new financing to improve access to quality health care in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501040822/cambodia-gets-113-million-world-bank-healthcare-financing/

World Bank says safeguarding financial stability in Cambodia is crucially important

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...

Khmer Times Staff
https://www.khmertimeskh.com/501210119/world-bank-says-safeguarding-financial-stability-in-cambodia-is-crucially-important/

GDT intends to simplify tax payments for all businesses

Cambodian taxes can currently be paid at 10 commercial banks, thanks to memorandums of understanding (MoU) signed by the Ministry of Economy and Finance in a bid to improve tax administration efficiency and make life easier for taxpayers, according to a General Department of Taxation ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-intends-simplify-tax-payments-all-businesses

Notification of the change of the official website of the National Bank of Cambodia

On 3 February 2023, the National Bank of Cambodia (NBC) issued a notification informing the public about the change of the official website of the National Bank of Cambodia. The changes are made to enhance the security of the management and use of the official ...

National Bank of Cambodia (NBC)

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Solid reserves reflect stability of Cambodian economy, riel

The rise in Cambodia’s international reserves reflects the confidence in Khmer riel, stability of the exchange rate, high liquidity and a sound economy that can withstand external shocks or crises, experts said. ...

May Kunmakara
https://www.phnompenhpost.com/business/solid-reserves-reflect-stability-cambodian-economy-riel

Cambodia’s GDP and Inflation to Rise This Year, World Bank Says

Cambodia’s GDP growth is estimated to reach 4.8% this year, and continue rising for the next two years while remaining below pre-pandemic levels, and inflation may hit 6%, more than double the rates of the last two years, the World Bank said. ...

Sorn Sarath and Matt Surrusco
https://cambojanews.com/cambodias-gdp-and-inflation-to-rise-this-year-world-bank-says/

NBC: E-wallet accounts in Cambodia hit 17.9M in 2022

The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-e-wallet-accounts-cambodia-hit-179m-2022

WB sticks to Cambodia’s 5.2% growth forecast for 2023

World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...

Manoj Mathew
https://www.khmertimeskh.com/501266499/wb-sticks-to-cambodias-5-2-growth-forecast-for-2023/

Tina, ADB discuss farmer loans

The Ministry of Agriculture, Forestry and Fisheries and the Asian Development Bank (ADB) are discussing low-interest rate loans for farmers to fund the use of net houses for growing vegetables as well as improved irrigation technology. ...

Van Socheata
https://www.phnompenhpost.com/business/tina-adb-discuss-farmer-loans

World Bank says floods pose significant risk to education and healthcare in Cambodia

Seasonal flooding is the most common and frequent disaster in Cambodia. Major flooding events occur every five years and can be particularly devastating. ...

Khmer Times Staff
https://www.khmertimeskh.com/501394156/world-bank-says-floods-pose-significant-risk-to-education-and-healthcare-in-cambodia/

Cambodia’s PM calls financial institutions to restructure loans for tour operators in Siem Reap

Cambodian Prime Minister Dr Hun Manet called on here this morning to the financial institutions to restructure loans for tour operators in Siem Reap province at reasonable interest rates to help revive the tourism sector after being severely affected by COVID-19. ...

Khmer Times Staff
https://www.khmertimeskh.com/501391907/cambodias-pm-calls-financial-institutions-to-restructure-loans-for-tour-operators-in-siem-reap/

World Bank sees Cambodia and Philippines as fastest growing developing ASEAN economies this year

The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501466304/world-bank-sees-cambodia-and-philippines-as-fastest-growing-developing-asean-economies-this-year/

Agricultural loans fall to 31% from 36% in 5 years

As Cambodia diversifies, share of agricultural loans in rural credit falls from 35.8 percent to 31 percent in five years, as per data with the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501490959/agricultural-loans-fall-to-31-from-36-in-5-years/

NBC to launch Bakong for foreign tourists

Tourists visiting Cambodia will soon be able to conduct transactions using the Bakong payment system, according to Chea Serey, Governor of the National Bank of Cambodia (NBC), recently. ...

Chea Vanyuth
https://www.khmertimeskh.com/501526826/nbc-to-launch-bakong-for-foreign-tourists/

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