The Ministry of Education, Youth, and Sports is in discussions to undertake mutual work with the World Bank (WB) to run the upcoming “Basic Education Project 2025-2030” aimed at improving the educational sector in the kingdom. ...

China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

Financial records the Global Fund requested for its investigation into widespread corruption in health grants to Cambodia were withheld and censored by grant recipients, the probe found, suggesting a systematic attempt to cover up wrongdoing. Out of a total of $220.3 million worth of expenses the ...

One of Malaysia’s biggest investment banks, RHB Capital, announced it will acquire OSK Indochina bank, via the transfer of 100 per cent of OSK Investment bank shares from parent OSK Holdings, giving OSK Holdings a 10 per cent stake in the larger Malaysian RHB Capital ...

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers. ...

A government official lambasted the slow application rate for non-governmental organizations (NGOs) that operate as microfinance lenders, urging them to register with the National Bank of Cambodia (NBC). ...

The General Department of Taxation (GDT) signed a memorandum of understanding with the Financial Intelligence Unit of the National Bank of Cambodia (FIUNBC) to exchange information on money laundering and the financing of terrorist activities. ...

A campaign will be launched country-wide to educate the public about how to properly use financial services, a forum on microfinance in Phnom Penh was told yesterday. ...

 Just months ahead of local elections, the Cambodian government has ordered the microfinance industry to cap interest rates on new and refinanced loans at 18 percent a year starting April 1. ...

On 25 August 2022, the National Bank of Cambodia (NBC) published a press release on illegal advertising and lending. The National Bank of Cambodia (NBC) has observed that a number of fraudsters have openly advertised and lent credit to the people through various forms such ...

On 12 April 2023, National Bank of Cambodia has posted an announcement on the delisting of rural credit institutions from the list at the National Bank of Cambodia on their official social media site. According to the announcement, National Bank of Cambodia has delisted 108 credit ...

KEAN SVAY, KANDAL PROVINCE, CAMBODIA — Five years ago, Lun Sam Ath took out a $12,000 loan to build a new wooden house and repay a previous loan that she had used to buy a motorbike. ...

On 18 June 2024, the National Bank of Cambodia issued a joint media release on the start of Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore on their official social media site.According to the press, the National Bank of Cambodia (NBC) and the Monetary ...

Despite some appearances to the contrary, things in Cambodia are looking pretty rosy at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. ...

If you’ve applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without ...

Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...

Cambodia is the third most at-risk country to money laundering and terrorist financing in the world, according to a global index released last month, trailing only Iran and Afghanistan. The Anti-Money Laundering Index, first published by the Swiss-based Basel Institute on Governance in 2012, assigns the ...