$50M ADB loan aims to boost economic diversity
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/50m-adb-loan-aims-boost-economic-diversity
Ground breaks on Battambang water plant
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 ...
Yuth Vireak
https://www.phnompenhpost.com/national/ground-breaks-battambang-water-plant
Cambodia issues Government Bond of $27 million in H1
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501334815/cambodia-issues-government-bond-of-27-million-in-h1/
EU lending arm plans expansion in Kingdom
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). ...
Voun Dara and Samban Chandara
https://www.phnompenhpost.com/national/eu-lending-arm-plans-expansion-kingdom
Cross-border payment services to be expanded
The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...
Van Socheata
https://www.phnompenhpost.com/business/cross-border-payment-services-be-expanded
E-payments to save MSMEs on costs: NBC
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/e-payments-save-msmes-costs-nbc
ADB and EDC Sign Mandate to Further Cambodia’s Renewable Energy Goals
ADB to support development of 2GW of solar power and study opportunities for increased solar power battery capacity. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/adb-and-edc-sign-mandate-to-further-cambodias-renewable-energy-goals
Additional $10 million released by Royal Government for rice procurement
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501189189/additional-10-million-released-by-royal-government-for-rice-procurement/
NBC, Bank of China discuss cross-border payment
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. ...
Kang Sothear
https://www.khmertimeskh.com/501244403/nbc-bank-of-china-discuss-cross-border-payment/
NBC sets new capital, risk rules for banks, financial institutions
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 ...
Kang Sothear
https://www.khmertimeskh.com/501318139/nbc-sets-new-capital-risk-rules-for-banks-financial-institutions/
NBC warns of scammers in disguise
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. ...
Chea Sokny
https://www.phnompenhpost.com/national/nbc-warns-scammers-disguise
CPBANK, ADB partner on small business loan project
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/cpbank-adb-partner-small-business-loan-project
Deal inked to introduce financial literacy to curriculum
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. ...
Mao Sreypich
https://kiripost.com/stories/deal-inked-to-introduce-financial-literacy-to-curriculum
ODC joins the 2018 Cambodia Outlook Conference
“We want Cambodia to be a high-income country by 2050,” PM Hun Sen affirmed the ambitious prospect of Cambodia’s economy at the 2018 Cambodia Outlook Conference which Open Development Cambodia attended. The conference took place on Thursday, 15 March 2018 at the Hotel Sofitel Phnom ...
Cambodia working on climate resilient rice industry
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. ...
Chea Vanyuth
https://www.khmertimeskh.com/501489808/cambodia-working-on-climate-resilient-rice-industry/
Cambodia, India to link payment systems by June
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. ...
Chea Vanyuth
https://www.khmertimeskh.com/501497758/cambodia-india-to-link-payment-systems-by-june/
Cambodia’s GDP, inflation forecast in tandem with regional growth in 2024, AMRO says
Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodias-gdp-inflation-forecast-in-tandem-with-regional-growth-in-2024-amro-says
Mizuho bank links up with Maybank and Canadia
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 ...
May Kunmakara
http://www.phnompenhpost.com/business/mizuho-bank-links-maybank-and-canadia
Plans set for Silk Research Centre at RUPP
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. ...
Hor Kimsay
https://www.phnompenhpost.com/business/plans-set-silk-research-centre-rupp
Three more populations of Indochinese hog deer found in Cambodia
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 ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzRmOWQ0M2JiNzU