Economy and commerce

The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. ...

The apex body for the nation’s microfinance industry announced yesterday that the central bank had tentatively agreed to a number of measures it had requested to ease the burden on microfinance lenders following last week’s unilateral decision to cap annual interest rates at 18 percent ...

The Ministry of Social Affairs, Veterans and Youth Rehabilitation will start dispensing pensions for former civil servants and veterans at select ATMs starting in April. Minister Vong Soth issued a notice yesterday stating that pensioners will be able to withdraw their monthly allocations from Canadia Bank ...

Sihanoukville Autonomous Port (SAP) is edging closer to be listed on Cambodia’s burgeoning stock exchange after five years of delays. The state-owned enterprise will start a formal process of studying investor demand by April, to decide how much shares will cost when the company makes its ...

Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...

While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership (TPP), which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing ...

In an effort to boost the use of the riel, private companies have called on the National Bank of Cambodia (NBC) to ensure that all goods worth less than $100 are priced in riel. ...

Prime Minister Hun Sen accused the World Trade Organization (WTO) of operating under a double standard yesterday, claiming the international trade body was applying pressure on small developing economies while overlooking the regulatory breaches of its more developed member states. ...

The value of Cambodia’s international trade surged to $22 billion last year on double-digit growth of both imports and exports, according to newly released data from the Ministry of Commerce. ...

Cambodia is committed to join hands with other Asean member states to make the Regional Comprehensive Economic Partnership (RCEP) a success after the cancellation of the US-backed Trans-Pacific Partnership (TPP), said Prime Minister Hun Sen yesterday. ...

The credit histories of about 400,000 borrowers were added to its database last year, raising the number to slightly more than 4 million in credit bureau database, Credit Bureau Cambodia Interim CEO Mr. Oeur Sothearoath says at the bureau’s newly opened office in Vattanac Capital. ...

There is a simple reason why Maybank has been named the most innovative bank in Malaysia, explains the CEO of its Cambodian subsidiary. “We have observed that innovation has no borders,” says Ms. Cynthia Liaw in her office at the bank’s headquarters on Norodom Blvd.​ ...

Hong Kong financial giant The Bank of East Asia and Sri Lanka’s LOLC announced on Friday that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution (MFI) by assets, in what could be the largest acquisition of a Cambodian lender ...

Made by Cambodians for Cambodians, Wing (Cambodia) Limited Specialized Bank, the leading mobile banking services provider in Cambodia, is proud to join the National Bank of Cambodia (NBC) in promoting Khmer Riel usage among its customers across the country by establishing service charges, as well ...

Nearly everyone living in Pann Sopheatra’s village, just across the Mekong River from Phnom Penh, has either taken out a microfinance loan or knows someone who has.   ...

These coins was found at excavation sites and archaeologists believe many more have yet to be uncovered, pointing to depictions of coins on objects from the Nokor Phnom era (also known as the Funan era), which dates back to the 1st century and is recognized ...

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

The Cambodian, Laos, and Vietnam parliaments have shared a stage to discuss their expenditure experiences and improve transparency and auditing of public investment in areas such as infrastructure. ...

Thailand expects exports of electrical and electronic components and devices to Cambodia to grow to about $50 million this year due to high demand.   ...

More Cambodians took out home loans last year than the year before, prompting banks like ANZ Royal to provide specialized services for the growing sector.   ...

A legal framework that ensures a “sound, strong and efficient” financial sector has ensured the swift expansion of banking services throughout the country, but borrowing rates remain high and a large segment of the population – primarily those in rural areas – face difficulties accessing ...

The ruling CPP doubled down on Tuesday on its decision to cap interest rates on microfinance loans as a way to help the poor get out of debt, even as analysts called it a political move that would have long-term negative effects on the rural ...

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...