News
NBC revokes licenses of 11 rural credit institutions
The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations. ...
May Kunmakara
https://www.khmertimeskh.com/50503744/nbc-revokes-licenses-of-11-rural-credit-institutions/
New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments
Some 1,368 new firms registered in Cambodia in H1, down 19%
The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...
http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm
Minister of Transport Says He Knows Little About Railway Project
The minister of transport, who on Monday watched over the signing of a deal between two Chinese companies to build a 400-km railway, yesterday said the government has minimal knowledge of the project. Transport Minister Tram Iv Tek said, however, that he did not know ...
Third Taiwanese Bank Slated To Open in Cambodia
The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...
http://www.voacambodia.com/content/third-taiwanese-bank-slated-to-open-in-cambodia/1522678.html
Hun Sen announces one-stop office for rice
Prime Minister Hun Sen Mnounced yesterday that the government would create a one-stop service office for rice millers and exporters in order to reduce red tape and help the country reach its lofty export target of a million tons of milled rice by 2015. “We cannot ...