The Greater Mekong Sub-region development scheme, which celebrates its 20th anniversary this year, is moving forward with a new generation of investment aimed at strengthening connectivity, competitiveness and community over the next decade. The GMS will play a strategic role in connecting Southeast Asia with South ...

Cambodia and South Korea signed a memorandum of understanding yesterday, agreeing to work together to ensure worker protection. Last month,  a Kampong Speu shoe factory collapse killed two workers. The incident inspired the Ministry of Labour to implement a Health and Safety Network for workers here ...

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the Bank’s governor, told an annual meeting in late January that ...

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

The National Bank of Cambodia (NBC) on Monday launched the ‘Bakong Tourists App’ helping foreign tourists in Cambodia to make payments using the country’s universal KHQR code at over 3.3 million retail merchant outlets. ...

Just over a year since the World Bank froze its funds to the government, the Bank yesterday reiterated that a decision on whether or not it would start providing loans again remains nowhere in sight. In August, the World Bank announced that it would not provide ...

Consumer interest in gold has increased in Cambodia even with the price of gold at a record high. Gold is up more than $333 from the same time last year. The increase in gold prices is said to be a result of the 2008 financial ...

The Asian Development Bank has provided $69 million for Cambodia to make major upgrades of provincial roads in some of the country’s poorest provinces, according to an ADB statement Wednesday. The Provincial Roads Improvement Project, financed by a $52 million loan from ADB Special Funds and ...

The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...

Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom. ...

A series of quarterly reports from the National Bank of Cambodia raises questions about the government’s ban on timber exports, as they show that last year, more than $5 million in sawn timber was exported from the Kingdom. The latest report, released earlier this month ...

Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...

Officials from China’s Export-Import Bank are expected to visit Cambodia this week to study granting a loan to a Chinese construction firm to build a $1.6 billion, 190-kilometer long expressway from Phnom Penh to Sihanoukville. ...

Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ...

Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...

Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ...

The World Bank has approved provision of $20 million to help poor and vulnerable families in Siem Reap and Phnom Penh increase their income, build skills and construct small-scale community infrastructure. ...

In an effort to promote financial literacy to students in primary and secondary schools, the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport yesterday officially launched the “Let’s Talk Money” comic book.​ ...

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...