Growth pegged at 5.5% for ‘23 recovery stage by World Bank
The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...
May Kunmakara
https://www.phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank
Cambodia sees new policy framework, ADB loan & BFC extension in 2022
Implementation of the National Policy Framework for Cambodia’s Economic Productivity 2022-35, a pact with Japan to make Sihanoukville a major port, a $50-million loan from the Asian Development Bank to back economic diversification and boost competitiveness, and extension of the Better Factories Cambodia (BFC) programme ...
Khmer Times Staff
https://www.khmertimeskh.com/501211700/cambodia-sees-new-policy-framework-adb-loan-bfc-extension-in-2022/
World Bank issues recommendations for Cambodia’s blue economy
The World Bank (WB) has released a set of recommendations for Cambodia’s sustainable blue economy development along with an analysis that focuses on three fundamental areas sectors related to marine policy, marine spatial planning and coastal livelihoods including blue growth sectors, said a report released ...
Kang Sothear
https://www.khmertimeskh.com/501319728/world-bank-issues-recommendations-for-cambodias-blue-economy/
NBC: Int’l reserves $17.8B at end-2022
The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-intl-reserves-178b-end-2022
ADB approves $40m loan to improve public services
The Asian Development Bank (ADB) on Wednesday approved a $40 million policy-based loan to support the Government’s efforts to further enhance public service delivery. ...
Yatt Malai
https://kiripost.com/stories/adb-approves-40m-loan-to-improve-public-services
ADB, MPWT build $6.28 million landfill project in Battambang
The Asia Development Bank (ADB) in collaboration with the Ministry of Public Works and Transport (MPWT) has successfully built a 20-hectare controlled landfill in Battambang province, aiming to serve 126,000 people in the community with the capacity to remove 100 tonnes of trash daily for ...
Nhean Chamrong
https://www.khmertimeskh.com/501404698/adb-mpwt-build-6-28-million-landfill-project-in-battambang/
Global economy will slow for a third straight year in 2024, World Bank predicts
That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...
Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts
Central banks of Cambodia, Malaysia sign deal on cooperation in cross-border QR payment scheme
The central banks of Cambodia and Malaysia on Tuesday signed a memorandum of understanding (MoU) on cooperation in cross-border QR payment scheme and financial innovation, said a joint press statement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501447499/central-banks-of-cambodia-malaysia-sign-deal-on-cooperation-in-cross-border-qr-payment-scheme/
PM calls on Maybank to link cross-bank payment with NBC
Prime Minister Hun Manet urged Maybank, Malaysia’s most valuable bank brand, to enhance collaboration with the National bank of Cambodia (NBC) to establish joint cross-bank payments for the promotion of the Kingdom’s financial sector. ...
Nhean Chamrong
https://www.khmertimeskh.com/501447877/pm-calls-on-maybank-to-link-cross-bank-payment-with-nbc/
Cambodia-India cross-border QR payment on the cards
The National Bank of Cambodia (NBC) and India’s NPCI International Payments Limited (NIPL) have discussed accelerating the implementation of the cross-border QR code payment to be comprehensive, reflecting both parties’ readiness for the collaboration. ...
Chea Vanyuth
https://www.khmertimeskh.com/501442015/cambodia-india-cross-border-qr-payment-on-the-cards/
$35M for rural road resilience work signed off by World Bank
The World Bank (WB) has approved an additional $35 million of financing projects which will improve the quality of rural roads in Kratie, Kampong Cham and Tbong Khmum provinces. It is expected that the work will improve the lives of more than two million people ...
Samban Chandara
https://www.phnompenhpost.com/national/-35m-for-rural-road-resilience-work-signed-off-by-world-bank
Kingdom, Georgia agree to go extra mile on de-dollarisation
A memorandum of understanding (MoU) was signed on Friday between Chea Serey, Governor of the National Bank of Cambodia (NBC) and Natia Turnava, Acting Governor of the National Bank of Georgia (NBG) to strengthen financial cooperation for reducing dollarisation. ...
Nhean Chamrong
https://www.khmertimeskh.com/501483298/kingdom-georgia-agree-to-go-extra-mile-on-de-dollarisation/
FDI inflows into manufacturing remain high
Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...
Rachel David
https://www.khmertimeskh.com/501491715/fdi-inflows-into-manufacturing-remain-high/
Cambodia and Indonesia agree to strengthen cooperation in developing the banking sector of the two countries
Dr. Chea Serey, Governor of the National Bank of Cambodia, received a courtesy call from Santo Darmosumarto, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to Cambodia, on June 26, 2024, at the National Bank of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501514105/cambodia-and-indonesia-agree-to-strengthen-cooperation-in-developing-the-banking-sector-of-the-two-countries/
Chinese investment in Cambodia up in 2013
Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...
Global Times News Staff
http://www.globaltimes.cn/content/838148.shtml#.Utx56xD-LIU
Failed students weigh future
As the new public school year gets under way this week, grade 12 students reeling from en masse failure at the national exam have a choice to make: repeat their grade or forfeit their diploma. In total, just 33,997 test-sitters, or 40.6 per cent of ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/failed-students-weigh-future
Foreign investment brings Cambodia growth, new issues
Cambodian officials say the country’s economic growth rate is set to exceed seven percent this year. According to financial analysts even if the global economy slows, Cambodia is well prepared to deal with it, partly because of strong foreign investment. But the billions of dollars ...
ANZ, MFI partner to bridge financial sectors
ANZ Royal Bank and local microfinance institution Hattha Kaksekar Limited (HKL) on Monday entered into the first partnership of its kind in Cambodia in a bid to bring together clients from either side of the financial spectrum. Following the signing of a Memorandum of Understanding at ...
George Styllis
http://www.cambodiadaily.com/business/anz-mfi-partner-to-bridge-financial-sectors-60902/
Gov’t rights report to be sent to UN
The government will today submit its second report to the UN Human Rights Council as part of the Universal Periodic Review (UPR) process that takes stock of human rights progress in each UN member state. Governments are required to report to the council every four and ...
Cheang Sokha
http://www.phnompenhpost.com/national/gov%E2%80%99t-rights-report-be-sent-un
UN urges Cambodia to hold companies to account over land disputes
Companies that have seized land, confiscated livestock and destroyed homes and property have gone unpunished, the UN special rapporteur for Cambodia has said. Surya Subedi, professor of international law at Leeds University, said all the communities he had met raised the issue of misconduct by ...
http://www.guardian.co.uk/global-development/2012/may/14/un-cambodia-companies-land-disputes