Cambodia’s central bank yesterday announced a decision to revoke the operating licences of 11 rural credit operators for failing the abide by regulations. ...

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

The Asian Development Bank (ADB) in Cambodia affirmed that its development strategy is in line with that of the Cambodian government. ...

The Asian Development Bank (ADB) and the United Nations Industrial Development Organisation (UNIDO) will organise a virtual discussion on the status of Cambodia’s fourth industrial revolution (4IR) and pathways for the country’s transformation to this new industrial model by 2030. ...

Cambodian people and foreigners who are in need of riel banknotes before arrival in the Kingdom can now be able to change foreign currencies for Cambodia’s national currency at the Travelex money exchange counters in Singapore’s major international airport commonly known as Changi Airport, said ...

Cambodia will benefit through reforms and investments in technical and vocational education and training (TVET) combined with private sector participation with a new $100 million loan from the Asian Development Bank (ADB). ...

The Cambodia Microfinance Association (CMA) regarded the commentary by NGOs and civil society organizations on the industry as “biased, incomplete, and cherry-picked”, taking just the negative parts of a report produced by Germany’s Federal Ministry of Economic Cooperation and Development (BMZ) into account while ignoring ...

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. ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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. ...

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. ...

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. ...

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 ...