The Asian Development Bank (ADB) on December 6 announced that it has greenlit a $50 million policy-based loan under Subprogram 1 of its Trade and Competitiveness Program to support government efforts to diversify the economy, better enable local businesses to compete globally, and boost Covid-19 ...

Ground has been broken on a new water treatment plant in Battambang province which will serve the provincial capital. The plant, in Kampong Wat Kor commune’s Seima village of the town, is co-financed by the Asian Development Bank (ADB) and the Agence Francaise de Developpement- AFD ...

The government has raised funds through government bond issuance with a total of $27 million in the first six months of this year, accounting for 13.5 percent of the $200 million target. ...

The European Investment Bank (EIB) is planning to expand its presence in Cambodia, especially in green projects, with the EU’s lending arm currently investing in three main projects worth a total of €245 million ($249 million). ...

The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...

Digitising payments could bring substantial cost savings for micro-, small-, and medium-sized enterprises (MSME), not only by simplifying cash management processes but also reducing potential opportunities for misappropriation or corruption, according to the central bank chief. ...

ADB to support development of 2GW of solar power and study opportunities for increased solar power battery capacity. ...

The Royal Government of Cambodia, through the State Bank for Rural Development and Agriculture, has announced an additional $10 million for rice procurement in Cambodia. ...

National Bank of Cambodia (NBC) and Bank of China on Wednesday discussed means to expand the cross-border payment between the two countries as well as develop transactions in other member states of the Association of Southeast Asian Nations (ASEAN), said a release. ...

The National Bank of Cambodia (NBC) yesterday released two proclamations that set new requirements for depositing-taking Banks and financial institutions to strengthen the quality of their capital to increase the effectiveness of preventing main Banking risks and assess credit risks at lower rates to boost ...

The National Bank of Cambodia (NBC) has appealed to the public to exercise increased caution before transferring money to anyone in order to avoid cyber-scams. ...

Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB. ...

The National Bank of Cambodia (NBC) and Ministry of Education have signed a Memorandum of Understanding (MoU) to include the third phase of Embedding Financial Literacy into the school curriculum to raise awareness and improve student capability in financial management as the economy evolves. ...

Cambodia’s rice sector is working on transformation on the framework of climate resilience within the rice industry to get more competitiveness in the market, Sang Saran, Chairman of the Board of Directors of the Cambodia Rice Federation (CRF) said. ...

Cambodia’s central bank, the National bank of Cambodia (NBC), is set to launch a faster and more efficient cross-border payment system between Cambodia and India. The initiative will mark a significant expansion of Bakong’s reach, fostering economic activity between the two nations. ...

Japan-based Mizuho Bank (MHBK) has signed an agreement with two well-established Banks in Cambodia that is designed to help Mizuho leverage a wider range of financial services when dealing with Japanese clients. The memorandum of understanding was inked on Friday in Phnom Penh between Mizuho’s president ...

Cambodian silk producers will be soon able to get quality silkworms from a breeding centre at the Royal University of Phnom Penh (RUPP), thanks to a specialised team that is seeking to increase professionalism in the Kingdom’s silk industry. ...

Fauna and Flora International says its has found three previously unknown populations of the endangered Indochinese hog deer in Cambodia. “This is a remarkable discovery given not only the species’ vulnerability to hunting, but also because all of the sites were outside the existing protected area ...

The Education Ministry’s crusade to clean up the national high school exam continued Wednesday, with the Anti-Corruption Unit (ACU) releasing a statement inviting concerned parties to monitor exams in August and warning that cheats would be failed and effectively banned from sitting again for two ...

A new USAID-funded malaria project in Myanmar will draw on prevention, treatment and containment models developed in Cambodia, and underscores the emergence of closer relations between Washington and Naypyitaw, health officials said yesterday. The US$24 million project will expand the effort to contain drug-resistant malaria, which ...