Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB) However, inadequate supporting infrastructure, such as transport and basic utilities, the high cost of electricity and inadequate implementations of ...

Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam. Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of ...

Cambodia has moved up 27 places on a biennial World Bank list that ranks the ease of importing, exporting and transporting goods in different countries. Cambodia was ranked 101 out of the 155 countries included in the World Bank’s report titled Trade Logistics in the Global ...

Civil servants living in Phnom Penh will have wages paid into Canadia Bank accounts starting this week, Moth Kiev, secretary of the Ministry of Social Affairs, said on Friday. The children of retired and disabled civil servants who have died will receive payments directly from ...

Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...

The World Bank said Monday that the impact of Cambodia’s political uncertainty was “unclear” but left its growth forecasts unchanged for this year and next year.  “The Cambodian economy remains robust amidst a challenging global economic environment,” the Bank said in its East Asia and Pacific ...

Cambodia ranked 137 out of 189 countries in the World Bank’s Doing Business 2014 report released Tuesday, the first drop in at least two years that shows conducting business in the country is becoming more difficult. The report ranks countries in 10 categories, including starting a ...

The Shanghai Commercial & Saving Bank (SCSB), one of the leading Banks in China’s Taiwanese region, opened a representative office here on Monday thanks to increasing interest in Cambodia by Taiwanese business people, a Bank official said. To date, Cambodia has six foreign Banks’ representative ...

More than 50 supporters of jailed anti-eviction activist Yorm Bopha marched through central Phnom Penh on Tuesday to demand her speedy retrial, acquittal and release, visiting the Supreme Court, the Royal Palace and the European Union and World Bank offices. Ms. Bopha has consistently professed ...

The Cambodian finance industry is to celebrate the sixth Banking and Finance Conference a week from today, at a meeting that will focus on developing technology in the country’s financial sector. ...

Cambodia has seen significant improvements in logistics performance in the last four years, a World Bank’s senior official said Wednesday. “According to the World Bank Logistics Performance Index (LPI), Cambodia’s LPI ranking has risen spectacularly by 46 places, to 83rd out of 160 countries in 2014, ...

Parliamentary investigators will visit Siem Reap province on a wide-ranging fact-finding mission from Sunday following complaints about alleged corruption and misuse of funds. Son Chhay, an opposition MP who is vice chairman of the National Assembly’s Commission on Economics, Finance, Banking and Auditing, said the group ...

Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...

Three months after it began buying up rice stock, the Cambodia Rice Bank (CRB) has acquired about 20,000 tonnes of paddy and 7,000 tonnes of milled rice, a representative from the Bank said on Friday. According to Phou Puy, chairman and CEO of the CRB, the ...

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...

Official figures released last week showing a surge in foreign direct investment during the first half of this year may not be the most reliable indicators of actual investment, as they reflect proposed investments rather than actual foreign direct investment (FDI), experts and executives say. ...

The International Fund for Agricultural Development (IFAD), together with the Government and the European Investment Bank (EIB), are launching a $125 million rural development project that aims to boost incomes and food security for 200,000 families in Cambodia. ...

Phnom Penh Commercial Bank (PPCBank) and Prasac Microfinance Institution Ltd (Prasac) have been granted initial permission to issue bonds on the Cambodia Securities Exchange (CSX). ...

Cambodia and Thailand’s financial exposure to Europe would make the two counties the most vulnerable regionally, an ANZ Bank report showed. The Kingdom’s exports and tourism sectors were on increasingly unstable ground as Europe’s debt crisis advanced. ...

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...